Global Corporate Wellness Market, By Service (Nutrition and Weight Management, Fitness Services, Health Risk Assessment Corporate Wellness, Stress Management, Smoking Cessation, Health Screening, Alcohol and Drug Abuse Services, Health Education Services, Biometric Screening and Others), Category (Fitness and Nutrition Consultants, Psychological Therapists and Organizations), End-Use Industry (Private Sector, Small Scale Organizations, Medium Scale Organizations, Large Scale Organizations, Public Sector and NGO), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Corporate Wellness Market
Corporate wellness market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to reach at an estimated value of USD 99.9 billion by 2028 and grow at a CAGR of 7.0% in the above-mentioned forecast period.
Corporate wellness is basically a program for the employees within an organization or a business. It is highly important as most of the employees in an organization might be suffering from various diseases such as hypertension, depression and so on, and with the aid of these programs these disease can be prevented or reduced to level and can help employees spend less on health care and take less leave for the reason of getting sick which will result into maximum productive output.
The rise in the prevalence of chronic diseases such as respiratory diseases, cancer, diabetes among others even in younger age groups and unhealthy eating habits are expected to emerge as the significant factors accelerating the growth of corporate wellness market. In addition to this, the factors such as surging corporate investment for employee productivity, majority of the population adopting the sedentary lifestyle along with growing investment in wearable fitness devices at workplace will further aggravate the growth of the corporate wellness market in the above-mentioned forecast period. However, the high cost of a corporate wellness program outsourcing and its low adoption in small scale organizations results as a growth restraint for the market.
Furthermore, the rising awareness of mental and physical health of employees is anticipated to generate lucrative opportunities for the corporate wellness market in the forecast period of 2022 to 2029. On the flip side, the low awareness regarding corporate wellness in small scale organizations will pose as a challenge for the corporate wellness market.
This corporate wellness market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on corporate wellness market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Corporate Wellness Market Scope and Market Size
The corporate wellness market is segmented on the basis of service, category and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of service, the corporate wellness market is segmented into nutrition and weight management, fitness services, health risk assessment corporate wellness, stress management, smoking cessation, health screening, alcohol and drug abuse services, health education services, biometric screening and others.
- Based on category, the corporate wellness market is segmented into fitness and nutrition consultants, psychological therapists and organizations.
- Based on end-use industry, the corporate wellness market is segmented into private sector, small scale organizations, medium scale organizations, large scale organizations, public sector and NGO.
Corporate Wellness Market Country Level Analysis
The corporate wellness market is segmented on the basis of service, category and end-use industry.
The countries covered in the corporate wellness market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the corporate wellness market during the forecast period owing to the increased awareness regarding the corporate wellness within the region is expected to witness rapid growth in the forecast period of 2022 to 2029. Asia-Pacific, on the other hand, is expected to show a lucrative growth due to rising number of working people and growing knowledge about employee health management within the above mentioned forecast period.
The country section of the corporate wellness market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Corporate Wellness Market Share Analysis
The corporate wellness market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to corporate wellness market.
Some of the major players operating in the corporate wellness market report are NC State Human Resources, Infinite Wellness Solutions, MediKeeper, Ceridian Lifeworks, Wellness Layers, CoreHealth Technologies, Sprout, Burner Fitness, Cerner Wellness, Limeade, Aptora, BSDI, Virgin Pulse, NAMASTE NEW YORK, Alyfe Wellbeing Strategies, HealthifyMe Wellness Private Limited, and Wellsource, Inc., among others.
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