Market Research Report
Corporate wellness Market-Forecast till 2027
|Corporate wellness Market-Forecast till 2027|
Published: May 10, 2022
Market Research Future
Content info: 110 Pages
Delivery time: 1-2 business days
The global corporate wellness market is anticipated to register a healthy CAGR of 8.37% during the review period to surpass USD 104,190.23 Million by 2027. Corporate wellness is a program that is intended to help representatives and their families advance a sound work environment by consolidating different well-being exercises inside the day-to-day work reduce to well-being chances, working on personal satisfaction, and upgrade efficiency. The rising reception of wearable advancements and wellness exercises and expanding persistent illnesses among corporate representatives are expected to propel the global market during the review period.
The development of the global corporate wellness market is ascribed to the rising interest in emotional well-being and stress the board programs, rising reception of wearable advances and wellness exercises, and expanding ongoing sicknesses among corporate workers. Notwithstanding, the worries about representative's information break go about as a limiting variable for the market development. Then again, centered around focusing on worker wellbeing and prosperity in the developing business sector gives worthwhile open doors to players working in the global corporate wellness market.
Global Corporate Wellness Market segmentation comprises service, category, and end-users.
The Service segment categorizes the global market into Health risk assessment, Fitness, Smoking cessation, Biometric screening, Nutrition & weight management, Stress management, Alcohol & drug abuse services, and other services.
Based on the category the global corporate wellness market is classified into Fitness & nutrition consultants, psychological therapists, and Organizations. Based on End Users the market is classified into Small-scale organizations, Medium-scale organizations, and Large-scale organizations.
The global corporate wellness market is segmented based on four regions namely the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to dominate the global market during the review period having the largest market share in 2020. The regional market growth is attributed to the growing awareness of mental health and work stress, the rising popularity of corporate wellness, high healthcare expenditure, and the existence of the major market players.
Europe is expected to witness significant market expansion during the review period owing to the growing awareness of mental health, high healthcare expenditure, growing incidences of chronic diseases, and rising government initiatives for corporate wellness in the region. The Asia-Pacific is the fastest-growing market of corporate wellness market with the accelerating healthcare sector and the growing opportunities for healthcare development in the market. Additionally, due to rising globalization Asia has registered the fastest market expansion. The Middle East & Africa is expected to attain steady market expansion owing to the existence of major market players during the review period. The regional market growth is attributed to the growing government and insurer initiatives to promote wellness of the worker population, increasing the prevalence of chronic disease, and shifting focus onto employee satisfaction and engagement.
The prominent players in the global corporate wellness market include ComPsych Corporation (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), Sodexo (France), Vitality Group International, Inc. (US), among others.
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