US Corporate Wellness Market Research Report Forecast to 2030

The growth of the US corporate wellness market is attributed to the increasing investment in mental health & stress management programs, the rising adoption of wearable technologies & fitness activities, and increasing chronic diseases among corporate employees. However, concerns pertaining to employee's data breach is attributed to retarding market growth. Nonetheless, it is anticipated that diverse offerings and customization in software are creating lucrative opportunities for the US corporate wellness market.

Corporate wellness is a broad term that refers to activities, programmes, and/or organizational policies that promote healthy behavior at work. Health education, medical screenings, weight management programmes, and onsite fitness programmes or facilities are frequently included in such programs.

Market Segmentation

Based on service, the US corporate wellness market has been segmented into health risk assessment, health screening, stress management, and others.

Based on end user, the US corporate wellness market has been segmented into small-scale organizations (0-500 employees), medium-scale organizations (500-5,000 employees), and large-scale organizations (more than 5,000 employees).

Major Players

Virgin Pulse (US), Limeade (US), Wellable (US), Microsoft Corporation (US), and Vitality Group International, Inc (US), Vantage Circle (US), Headspace Inc. (US), Headversity (Canada), Castlight Health, Inc. (US), and Modern Life, Inc. (US)

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 OVERVIEW

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
2.5 ASSUMPTIONS & LIMITATIONS

3 RESEARCH METHODOLOGY

3.1 DATA MINING
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 BREAKDOWN OF PRIMARY RESPONDENTS
3.5 FORECASTING TECHNIQUES
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
- 3.6.1 BOTTOM-UP APPROACH
- 3.6.2 TOP-DOWN APPROACH
3.7 DATA TRIANGULATION
3.8 VALIDATION

4 MARKET DYNAMICS

4.1 OVERVIEW
4.2 DRIVERS
- 4.2.1 INCREASING INVESTMENT IN MENTAL HEALTH AND STRESS MANAGEMENT PROGRAMS
- 4.2.2 RISING ADOPTION OF WEARABLE TECHNOLOGIES AND FITNESS ACTIVITIES
- 4.2.3 INCREASING CHRONIC DISEASES AMONG CORPORATE EMPLOYEES
4.3 RESTRAINTS
- 4.3.1 CONCERNS PERTAINING TO EMPLOYEE'S DATA BREACH
4.4 OPPORTUNITY
- 4.4.1 DIVERSE OFFERINGS AND CUSTOMIZATION IN SOFTWARE

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 CUSTOMER ACQUISITION (PREPURCHASE QUERY)
- 5.1.2 SERVICE CUSTOMIZATION
- 5.1.3 CUSTOMER PURCHASE SUPPORT
- 5.1.4 CUSTOMER FULFILMENT & POST-PURCHASE SUPPORT
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID-19
- 5.3.1 IMPACT ON KEY PLAYERS
- 5.3.2 IMPACT ON PRICING
- 5.3.3 IMPACT ON DEMAND
5.4 AVERAGE SPENDING PER EMPLOYEE PER YEAR, BY END USER

6 US CORPORATE WELLNESS MARKET, BY SERVICE

6.1 OVERVIEW

7 US CORPORATE WELLNESS MARKET, BY END USER

7.1 OVERVIEW

8 COMPETITIVE LANDSCAPE

8.1 OVERVIEW
8.2 COMPETITIVE BENCHMARKING
8.3 MAJOR GROWTH STRATEGY IN THE US CORPORATE WELLNESS MARKET
8.4 THE LEADING PLAYER IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE US CORPORATE WELLNESS MARKET
8.5 KEY DEVELOPMENT ANALYSIS
8.6 KEY DEVELOPMENTS & GROWTH STRATEGIES
- 8.6.1 PRODUCT LAUNCH
- 8.6.2 ACQUISITION
- 8.6.3 PARTNERSHIP/COLLABORATION
- 8.6.4 EXPANSION
8.7 MAJOR PLAYERS FINANCIAL
- 8.7.1 SALES (USD MILLION), 2022
8.8 MAJOR PLAYERS R&D ANALYSIS
- 8.8.1 R&D EXPENDITURE (USD MILLION), 2022

9 COMPANY PROFILES

9.1 VIRGIN PULSE
- 9.1.1 COMPANY OVERVIEW
- 9.1.2 FINANCIAL OVERVIEW
- 9.1.3 PRODUCTS OFFERED
- 9.1.4 KEY DEVELOPMENTS
- 9.1.5 SWOT ANALYSIS
- 9.1.6 KEY STRATEGIES
9.2 LIMEADE
- 9.2.1 COMPANY OVERVIEW
- 9.2.2 FINANCIAL OVERVIEW
- 9.2.3 PRODUCTS OFFERED
- 9.2.4 KEY DEVELOPMENTS
- 9.2.5 SWOT ANALYSIS
- 9.2.6 KEY STRATEGIES
9.3 CASTLIGHT HEALTH, INC.
- 9.3.1 COMPANY OVERVIEWS
- 9.3.2 FINANCIAL OVERVIEW
- 9.3.3 PRODUCTS OFFERED
- 9.3.4 KEY DEVELOPMENTS
- 9.3.5 KEY STRATEGIES
9.4 WELLABLE
- 9.4.1 COMPANY OVERVIEW
- 9.4.2 FINANCIAL OVERVIEW
- 9.4.3 PRODUCTS OFFERED
- 9.4.4 KEY DEVELOPMENTS
- 9.4.5 SWOT ANALYSIS
- 9.4.6 KEY STRATEGIES
9.5 MODERN LIFE, INC.
- 9.5.1 COMPANY OVERVIEW
- 9.5.2 FINANCIAL OVERVIEW
- 9.5.3 PRODUCTS OFFERED
- 9.5.4 KEY DEVELOPMENTS
- 9.5.5 KEY STRATEGIES
9.6 VITALITY GROUP INTERNATIONAL, INC
- 9.6.1 COMPANY OVERVIEW
- 9.6.2 FINANCIAL OVERVIEW
- 9.6.3 PRODUCTS OFFERED
- 9.6.4 KEY DEVELOPMENTS
- 9.6.5 SWOT ANALYSIS
- 9.6.6 KEY STRATEGIES
9.7 MICROSOFT CORPORATION
- 9.7.1 COMPANY OVERVIEW
- 9.7.2 FINANCIAL OVERVIEW
- 9.7.3 PRODUCTS OFFERED
- 9.7.4 KEY DEVELOPMENTS
- 9.7.5 SWOT ANALYSIS
- 9.7.6 KEY STRATEGIES
9.8 VANTAGE CIRCLE
- 9.8.1 COMPANY OVERVIEWS
- 9.8.2 FINANCIAL OVERVIEW
- 9.8.3 PRODUCTS OFFERED
- 9.8.4 KEY DEVELOPMENTS
- 9.8.5 KEY STRATEGIES
9.9 HEADVERSITY
- 9.9.1 COMPANY OVERVIEWS
- 9.9.2 FINANCIAL OVERVIEW
- 9.9.3 HEADVERSITY: PRODUCTS OFFERED
- 9.9.4 KEY DEVELOPMENTS
- 9.9.5 KEY STRATEGIES
9.10 HEADSPACE INC
- 9.10.1 COMPANY OVERVIEWS
- 9.10.2 FINANCIAL OVERVIEW
- 9.10.3 PRODUCTS OFFERED
- 9.10.4 KEY DEVELOPMENTS
- 9.10.5 KEY STRATEGIES

10 APPENDIX

10.1 REFERENCES
10.2 RELATED REPORTS

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS & LIMITATIONS 12
TABLE 2 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 15
TABLE 3 AVERAGE SPENDING PER EMPLOYEE PER YEAR, BY END USER (IN USD) 29
TABLE 4 US: CORPORATE WELLNESS MARKET, BY SERVICE, 2019-2030 (USD MILLION) 32
TABLE 5 US: CORPORATE WELLNESS MARKET, BY END USER, 2019-2030 (USD MILLION) 34
TABLE 6 MAJOR PLAYERS IN THE US CORPORATE WELLNESS MARKET 35
TABLE 7 MOST ACTIVE PLAYER IN THE US CORPORATE WELLNESS MARKET 37
TABLE 8 SOFTWARE LAUNCH 38
TABLE 9 ACQUISITION 38
TABLE 10 PARTNERSHIP/COLLABORATION 39
TABLE 11 EXPANSION 39
TABLE 12 VIRGIN PULSE: PRODUCTS OFFERED 41
TABLE 13 VIRGIN PULSE: KEY DEVELOPMENTS 41
TABLE 14 LIMEADE: PRODUCTS OFFERED 44
TABLE 15 LIMEADE: KEY DEVELOPMENTS 45
TABLE 16 CASTLIGHT HEALTH, INC.: PRODUCTS OFFERED 48
TABLE 17 CASTLIGHT HEALTH, INC.: KEY DEVELOPMENTS 48
TABLE 18 WELLABLE: PRODUCTS OFFERED 49
TABLE 19 WELLABLE: KEY DEVELOPMENTS 49
TABLE 20 MODERN LIFE, INC.: PRODUCTS OFFERED 51
TABLE 21 MODERN LIFE, INC.: KEY DEVELOPMENTS 51
TABLE 22 VITALITY GROUP INTERNATIONAL, INC: PRODUCTS OFFERED 52
TABLE 23 MICROSOFT CORPORATION: PRODUCTS OFFERED 56
TABLE 24 MICROSOFT CORPORATION: KEY DEVELOPMENTS 56
TABLE 25 VANTAGE CIRCLE: PRODUCTS OFFERED 58
TABLE 26 HEADVERSITY: PRODUCT OFFERED 59
TABLE 27 HEADVERSITY: KEY DEVELOPMENTS 59
TABLE 28 HEADSPACE INC: PRODUCT OFFERED 60

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 10
FIGURE 2 US CORPORATE WELLNESS MARKET 11
FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES 17
FIGURE 4 MARKET DYNAMICS: US CORPORATE WELLNESS MARKET MARKET 19
FIGURE 5 DRIVER IMPACT ANALYSIS 22
FIGURE 6 RESTRAINT IMPACT ANALYSIS 23
FIGURE 7 VALUE CHAIN: US CORPORATE WELLNESS MARKET 24
FIGURE 8 PORTER'S FIVE FORCES ANALYSIS: US CORPORATE WELLNESS MARKET 26
FIGURE 9 US CORPORATE WELLNESS MARKET, SERVICE SEGMENT ATTRACTIVENESS, 2022 & 2030 (USD MILLION) 31
FIGURE 10 US: CORPORATE WELLNESS MARKET, BY SERVICE, 2022 & 2030 (USD MILLION) 31
FIGURE 11 US: AYURVEDA MARKET SHARE (%), BY SERVICE, 2022 32
FIGURE 12 US CORPORATE WELLNESS MARKET, END USER SEGMENT ATTRACTIVENESS, 2022 & 2030 (USD MILLION) 33
FIGURE 13 US: CORPORATE WELLNESS MARKET, BY END USER, 2022 & 2030 (USD MILLION) 34
FIGURE 14 US: AYURVEDA MARKET SHARE (%), BY END USER, 2022 34
FIGURE 15 BENCHMARKING OF MAJOR COMPETITORS 36
FIGURE 16 MAJOR STRATEGY ADOPTED BY KEY PLAYERS IN THE US CORPORATE WELLNESS MARKET 37
FIGURE 17 US CORPORATE WELLNESS MARKET: COMPETITIVE LANDSCAPE 38
FIGURE 18 MAJOR PLAYERS SALES, 2022 40
FIGURE 19 MAJOR PLAYER R&D EXPENDITURE, 2022 40
FIGURE 20 VIRGIN PULSE.: SWOT ANALYSIS 42
FIGURE 21 LIMEADE: FINANCIAL OVERVIEW SNAPSHOT 44
FIGURE 22 LIMEADE: SWOT ANALYSIS 45
FIGURE 23 WELLABLE: SWOT ANALYSIS 50
FIGURE 24 VITALITY GROUP INTERNATIONAL, INC: SWOT ANALYSIS 53
FIGURE 25 MICROSOFT CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 55
FIGURE 26 MICROSOFT CORPORATION: SWOT ANALYSIS 56