North America Workplace Wellness Market Forecast 2023-2032

The North America workplace wellness market is projected to grow with a CAGR of 6.45% in terms of revenue during the forecasted years of 2023 to 2032. The market growth of the region is credited to the increasing emphasis on employer satisfaction as well as the growing investments in workplace wellness programs to minimize healthcare costs

MARKET INSIGHTS

Canada and the United States are evaluated for the North America workplace wellness market growth assessment. In the United States, there is a noticeable surge in the adoption of diverse workplace wellness programs. These encompass smoking cessation programs, fitness classes, initiatives promoting nutritional balance, weight management, and more. Notably, stress management programs have gained prominence due to the potential impact of prolonged work hours on mental well-being. Such programs not only promote cost savings in medical expenses but also prioritize improved well-being, heightened productivity, and the cultivation of healthy behaviors.

In Canada, a survey revealed that 70% of employees perceive their workplace's psychological health and safety as compromised, with an additional 14% deeming it unsafe. Mental health-related disorders and challenges further contribute to around 30% of all short- and long-term disability claims within the country. Also, these mental health concerns are associated with a significant economic impact of $50 billion on the Canadian economy. The prevalence of chronic health issues, such as obesity, further influences market demands. Collectively, these factors are set to position North America as a thriving market for workplace wellness during the forecast years.

COMPETITIVE INSIGHTS

Some of the leading firms in the market are: LabCorp Employer Services (Formerly Wellness Corporate Solutions), Fitbit Inc, ComPsych Corporation, etc.

Our report offerings include:

Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Product Code: 69894

1. RESEARCH SCOPE & METHODOLOGY

1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

2.1. MARKET SIZE & ESTIMATES
2.2. MARKET OVERVIEW
2.3. SCOPE OF STUDY
2.4. CRISIS SCENARIO ANALYSIS
- 2.4.1. IMPACT OF COVID-19 ON WORKPLACE WELLNESS MARKET
2.5. MAJOR MARKET FINDINGS
- 2.5.1. HOLISTIC APPROACH OF WORKPLACE WELLNESS PROGRAMS
- 2.5.2. HEALTH RISK ASSESSMENTS OFFER A PROACTIVE APPROACH TO EMPLOYEE HEALTH
- 2.5.3. DIGITAL AND SOCIAL PLATFORMS' INCREASING DEMAND FOR WORKPLACE WELLNESS PROGRAMS

3. MARKET DYNAMICS

3.1. KEY DRIVERS
- 3.1.1. SHIFT TOWARDS REMOTE WORK AND FLEXIBLE WORK ARRANGEMENTS
- 3.1.2. INCREASING INVESTMENTS IN PREVENTIVE CARE LEADING TO REDUCED HEALTHCARE COSTS
- 3.1.3. LOWER EMPLOYEE PRODUCTIVITY DUE TO PREVALENCE OF CHRONIC DISEASES
3.2. KEY RESTRAINTS
- 3.2.1. HIGH IMPLEMENTATION COSTS
- 3.2.2. LACK OF CLEAR KNOWLEDGE AMONG EMPLOYEES

4. KEY ANALYTICS

4.1. KEY MARKET TRENDS
4.2. PORTER'S FIVE FORCES ANALYSIS
- 4.2.1. BUYERS POWER
- 4.2.2. SUPPLIERS POWER
- 4.2.3. SUBSTITUTION
- 4.2.4. NEW ENTRANTS
- 4.2.5. INDUSTRY RIVALRY
4.3. GROWTH PROSPECT MAPPING
- 4.3.1. GROWTH PROSPECT MAPPING FOR CANADA
4.4. MARKET CONCENTRATION ANALYSIS
4.5. KEY BUYING CRITERIA

5. MARKET BY SERVICE

5.1. HEALTH RISK ASSESSMENT
- 5.1.1. MARKET FORECAST FIGURE
- 5.1.2. SEGMENT ANALYSIS
5.2. NUTRITION AND WEIGHT MANAGEMENT
- 5.2.1. MARKET FORECAST FIGURE
- 5.2.2. SEGMENT ANALYSIS
5.3. SMOKING CESSATION
- 5.3.1. MARKET FORECAST FIGURE
- 5.3.2. SEGMENT ANALYSIS
5.4. FITNESS SERVICES
- 5.4.1. MARKET FORECAST FIGURE
- 5.4.2. SEGMENT ANALYSIS
5.5. BIOMETRIC SCREENING
- 5.5.1. MARKET FORECAST FIGURE
- 5.5.2. SEGMENT ANALYSIS
5.6. ALCOHOL/SUBSTANCE ABUSE SERVICES
- 5.6.1. MARKET FORECAST FIGURE
- 5.6.2. SEGMENT ANALYSIS
5.7. MENTAL/BEHAVIORAL HEALTH MANAGEMENT
- 5.7.1. MARKET FORECAST FIGURE
- 5.7.2. SEGMENT ANALYSIS

6. MARKET BY END-USER

6.1. LARGE ORGANIZATIONS
- 6.1.1. MARKET FORECAST FIGURE
- 6.1.2. SEGMENT ANALYSIS
6.2. MID-SIZE ORGANIZATIONS
- 6.2.1. MARKET FORECAST FIGURE
- 6.2.2. SEGMENT ANALYSIS
6.3. SMALL ORGANIZATIONS
- 6.3.1. MARKET FORECAST FIGURE
- 6.3.2. SEGMENT ANALYSIS
6.4. NGO
- 6.4.1. MARKET FORECAST FIGURE
- 6.4.2. SEGMENT ANALYSIS
6.5. PUBLIC SECTOR
- 6.5.1. MARKET FORECAST FIGURE
- 6.5.2. SEGMENT ANALYSIS

7. GEOGRAPHICAL ANALYSIS

7.1. NORTH AMERICA
- 7.1.1. MARKET SIZE & ESTIMATES
- 7.1.2. NORTH AMERICA WORKPLACE WELLNESS MARKET DRIVERS
- 7.1.3. NORTH AMERICA WORKPLACE WELLNESS MARKET CHALLENGES
- 7.1.4. NORTH AMERICA WORKPLACE WELLNESS MARKET REGULATORY FRAMEWORK
- 7.1.5. KEY PLAYERS IN NORTH AMERICA WORKPLACE WELLNESS MARKET
- 7.1.6. COUNTRY ANALYSIS
  - 7.1.6.1. UNITED STATES
  - 7.1.6.1.1. UNITED STATES WORKPLACE WELLNESS MARKET SIZE & OPPORTUNITIES
  - 7.1.6.2. CANADA
  - 7.1.6.2.1. CANADA WORKPLACE WELLNESS MARKET SIZE & OPPORTUNITIES

8. COMPETITIVE LANDSCAPE

8.1. KEY STRATEGIC DEVELOPMENTS
- 8.1.1. MERGERS & ACQUISITIONS
- 8.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
- 8.1.3. PARTNERSHIPS & AGREEMENTS
- 8.1.4. BUSINESS EXPANSIONS & DIVESTITURES
8.2. COMPANY PROFILES
- 8.2.1. COMPSYCH CORPORATION
  - 8.2.1.1. COMPANY OVERVIEW
  - 8.2.1.2. SERVICE LIST
  - 8.2.1.3. STRENGTHS & CHALLENGES
- 8.2.2. EXOS
  - 8.2.2.1. COMPANY OVERVIEW
  - 8.2.2.2. SERVICE LIST
  - 8.2.2.3. STRENGTHS & CHALLENGES
- 8.2.3. FITBIT INC
  - 8.2.3.1. COMPANY OVERVIEW
  - 8.2.3.2. SERVICE LIST
  - 8.2.3.3. STRENGTHS & CHALLENGES
- 8.2.4. LABCORP EMPLOYER
  - 8.2.4.1. COMPANY OVERVIEW
  - 8.2.4.2. SERVICE LIST
  - 8.2.4.3. STRENGTHS & CHALLENGES
- 8.2.5. LIMEADE
  - 8.2.5.1. COMPANY OVERVIEW
  - 8.2.5.2. SERVICE LIST
- 8.2.6. MARINO WELLNESS LLC
  - 8.2.6.1. COMPANY OVERVIEW
  - 8.2.6.2. SERVICE LIST
  - 8.2.6.3. STRENGTHS & CHALLENGES
- 8.2.7. NOVANT HEALTH
  - 8.2.7.1. COMPANY OVERVIEW
  - 8.2.7.2. SERVICE LIST
  - 8.2.7.3. STRENGTHS & CHALLENGES
- 8.2.8. OPTUM INC
  - 8.2.8.1. COMPANY OVERVIEW
  - 8.2.8.2. SERVICE LIST
  - 8.2.8.3. STRENGTHS & CHALLENGES
- 8.2.9. PRIVIA HEALTH LLC
  - 8.2.9.1. COMPANY OVERVIEW
  - 8.2.9.2. SERVICE LIST
  - 8.2.9.3. STRENGTHS & CHALLENGES
- 8.2.10. QUEST DIAGNOSTICS
  - 8.2.10.1. COMPANY OVERVIEW
  - 8.2.10.2. SERVICE LIST
  - 8.2.10.3. STRENGTHS & CHALLENGES
- 8.2.11. VIRGIN PULSE INC
  - 8.2.11.1. COMPANY OVERVIEW
  - 8.2.11.2. SERVICE LIST
  - 8.2.11.3. STRENGTHS & CHALLENGES
- 8.2.12. VITALITY GROUP
  - 8.2.12.1. COMPANY OVERVIEW
  - 8.2.12.2. SERVICE LIST
  - 8.2.12.3. STRENGTHS & CHALLENGES

Product Code: 69894

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - WORKPLACE WELLNESS
TABLE 2: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY SERVICE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 3: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY SERVICE, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 4: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY END-USER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 5: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 6: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 7: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)
TABLE 8: NORTH AMERICA WORKPLACE WELLNESS MARKET REGULATORY FRAMEWORK
TABLE 9: KEY PLAYERS OPERATING IN NORTH AMERICA WORKPLACE WELLNESS MARKET
TABLE 10: LIST OF MERGERS & ACQUISITIONS
TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING FOR CANADA
FIGURE 4: MARKET CONCENTRATION ANALYSIS
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: NORTH AMERICA WORKPLACE WELLNESS MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2022
FIGURE 7: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY HEALTH RISK ASSESSMENT, 2023-2032 (IN $ MILLION)
FIGURE 8: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY NUTRITION AND WEIGHT MANAGEMENT, 2023-2032 (IN $ MILLION)
FIGURE 9: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY SMOKING CESSATION, 2023-2032 (IN $ MILLION)
FIGURE 10: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY FITNESS SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 11: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY BIOMETRIC SCREENING, 2023-2032 (IN $ MILLION)
FIGURE 12: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY ALCOHOL/SUBSTANCE ABUSE SERVICES, 2023-2032 (IN $ MILLION)
FIGURE 13: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY MENTAL/BEHAVIORAL HEALTH MANAGEMENT, 2023-2032 (IN $ MILLION)
FIGURE 14: NORTH AMERICA WORKPLACE WELLNESS MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022
FIGURE 15: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY LARGE ORGANIZATIONS, 2023-2032 (IN $ MILLION)
FIGURE 16: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY MID-SIZE ORGANIZATIONS, 2023-2032 (IN $ MILLION)
FIGURE 17: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY SMALL ORGANIZATIONS, 2023-2032 (IN $ MILLION)
FIGURE 18: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY NGO, 2023-2032 (IN $ MILLION)
FIGURE 19: NORTH AMERICA WORKPLACE WELLNESS MARKET, BY PUBLIC SECTOR, 2023-2032 (IN $ MILLION)
FIGURE 20: NORTH AMERICA WORKPLACE WELLNESS MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)
FIGURE 21: UNITED STATES WORKPLACE WELLNESS MARKET, 2023-2032 (IN $ MILLION)
FIGURE 22: CANADA WORKPLACE WELLNESS MARKET, 2023-2032 (IN $ MILLION)