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PUBLISHER: The Business Research Company | PRODUCT CODE: 1311023

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1311023

Corporate Wellness Global Market Report 2023

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PAGES: 275 Pages
DELIVERY TIME: 2-10 business days
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“Corporate Wellness Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on corporate wellness market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for corporate wellness ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The corporate wellness market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Service: Health Risk Assessment; Fitness; Smoking Cessation; Health Screening; Nutrition And Weight Management; Stress Management; Other Services
  • 2) By Delivery Model: Onsite; Offsite
  • 3) By Category: Fitness And Nutrition Consultants; Psychological Therapists; Organizations Or Employers
  • 4) By End User: Private Sector; Public Sector; Other End Users
  • Companies Mentioned: ComPsych Corporation; Wellness Corporate Solutions LLC; Virgin Pulse; Provant Health Solutions LLC; Exos
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the corporate wellness market are ComPsych Corporation, Wellness Corporate Solutions LLC, Virgin Pulse, Provant Health Solutions LLC, Exos, Marino Wellness, Privia Health, Vitality Group International Inc., Wellsource Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness LLC, Well Nation, Aduro Inc., Beacon Health Options Inc., and Fitbit Inc.

The global corporate wellness market is expected to grow from $60.64 billion in 2022 to $65.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The corporate wellness market is expected to reach $87.94 billion in 2027 at a CAGR of 7.8%.

The corporate wellness market revenues earned by entities by offering remote working arrangements, financial education, work-life balance, on-site fitness accommodations, and de-stressing activities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Corporate wellness, often called workplace wellness, refers to a general term for initiatives, plans, and organizational guidelines intended to encourage positive behavior at work. It is a planned employer-funded program created to assist employees in adopting and maintaining practices that lower health risks, enhance quality of life, increase productivity, and boost an organization's bottom line.

North America was the largest region in the corporate wellness market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in corporate wellness report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of corporate wellness services are health risk assessment, fitness, smoking cessation, health screening, nutrition and weight management, stress management, and others. A health risk assessment, or HRA, also known as a health appraisal or health assessment, is a screening solution that assists individuals in identifying and understanding their health risks as well as monitoring their health condition over time. The various delivery models are involved, such as onsite and offsite, which are categories as fitness and nutrition consultants, psychological therapists, and organizations or employer. It is used by various end users, such as the private sector, the public sector, and others.

The rising prevalence of chronic illnesses among corporate workers is expected to propel the growth of the corporate wellness market in the coming future. A chronic illness is a medical condition or illness that often lasts for three months or more and has the potential to get worse over time. The rising prevalence of chronic illnesses among corporate workers expands the corporate wellness market as companies wellness programs enhance the health conditions of workers by providing a wide range of services that minimize chronic disease conditions. For instance, in November 2021, according to the Bureau of Labor Statistics, a US-based intergovernmental organization, the number of respiratory disease cases reported by employers increased by around 4,000%, from 10,800 in 2019 to 428,700 in 2020. The rate of respiratory illness grew from 1.1 cases per 10,000 full-time equivalent workers in 2019 to 44.0 cases per 10,000 full-time equivalent workers in 2020. Therefore, the rising prevalence of chronic illnesses among corporate workers is driving the growth of the corporate wellness market.

Technological advancements are a key trend gaining popularity in the corporate wellness market. Major companies operating in the corporate wellness market are focused on developing technological solutions to strengthen their position in the market. For instance, in September 2022, Virgin Pulse, a US-based company that offers employee well-being solutions, launched VP Activate, a more advanced intelligent communication solution that makes it easy for companies and health systems to reach out to their audiences more quickly and proactively. VP Activate is a data-driven, multiple-channel communication solution that recognizes and connects people at risk of a care gap, as well as determines the best approach to interact with important groups to promote action. It assesses each person's requirements, identifies obstacles to filling care gaps and other wellness activities, and then employs a surround-sound strategy to achieve good results through both online and offline channels.

In September 2022, Telus Corporation, a Canada-based company that offers employee well-being solutions, telecommunications, and other services, acquired LifeWorks Inc. for approximately $1.69 billion. Through the acquisition, TELUS Health's global reach has expanded, it currently serves corporate clients in more than 160 countries and covers 50 million people worldwide. LifeWorks Inc. is a Canada-based provider of employee wellness and human resources services and technology.

The countries covered in the corporate wellness market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resale along the supply chain, either further along the supply chain or as part of other products.

The corporate wellness market research report is one of a series of new reports from The Business Research Company that provides corporate wellness market statistics, including corporate wellness industry global market size, regional shares, competitors with a corporate wellness market share, detailed corporate wellness market segments, market trends and opportunities, and any further data you may need to thrive in the corporate wellness industry. This corporate wellness market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r7506

Table of Contents

1. Executive Summary

2. Corporate Wellness Market Characteristics

3. Corporate Wellness Market Trends And Strategies

4. Corporate Wellness Market - Macro Economic Scenario

  • 4.1. COVID-19 Impact On Corporate Wellness Market
  • 4.2. Ukraine-Russia War Impact On Corporate Wellness Market
  • 4.3. Impact Of High Inflation On Corporate Wellness Market

5. Corporate Wellness Market Size And Growth

  • 5.1. Global Corporate Wellness Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global Corporate Wellness Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. Corporate Wellness Market Segmentation

  • 6.1. Global Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Health Risk Assessment
  • Fitness
  • Smoking Cessation
  • Health Screening
  • Nutrition And Weight Management
  • Stress Management
  • Other Services
  • 6.2. Global Corporate Wellness Market, Segmentation By Delivery Model, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Onsite
  • Offsite
  • 6.3. Global Corporate Wellness Market, Segmentation By Category, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Fitness And Nutrition Consultants
  • Psychological Therapists
  • Organizations Or Employers
  • 6.4. Global Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Private Sector
  • Public Sector
  • Other End Users

7. Corporate Wellness Market Regional And Country Analysis

  • 7.1. Global Corporate Wellness Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global Corporate Wellness Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific Corporate Wellness Market

  • 8.1. Asia-Pacific Corporate Wellness Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China Corporate Wellness Market

  • 9.1. China Corporate Wellness Market Overview
  • 9.2. China Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India Corporate Wellness Market

  • 10.1. India Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan Corporate Wellness Market

  • 11.1. Japan Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia Corporate Wellness Market

  • 12.1. Australia Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia Corporate Wellness Market

  • 13.1. Indonesia Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea Corporate Wellness Market

  • 14.1. South Korea Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe Corporate Wellness Market

  • 15.1. Western Europe Corporate Wellness Market Overview
  • 15.2. Western Europe Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK Corporate Wellness Market

  • 16.1. UK Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany Corporate Wellness Market

  • 17.1. Germany Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France Corporate Wellness Market

  • 18.1. France Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe Corporate Wellness Market

  • 19.1. Eastern Europe Corporate Wellness Market Overview
  • 19.2. Eastern Europe Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia Corporate Wellness Market

  • 20.1. Russia Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America Corporate Wellness Market

  • 21.1. North America Corporate Wellness Market Overview
  • 21.2. North America Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA Corporate Wellness Market

  • 22.1. USA Corporate Wellness Market Overview
  • 22.2. USA Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America Corporate Wellness Market

  • 23.1. South America Corporate Wellness Market Overview
  • 23.2. South America Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil Corporate Wellness Market

  • 24.1. Brazil Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East Corporate Wellness Market

  • 25.1. Middle East Corporate Wellness Market Overview
  • 25.2. Middle East Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa Corporate Wellness Market

  • 26.1. Africa Corporate Wellness Market Overview
  • 26.2. Africa Corporate Wellness Market, Segmentation By Service, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa Corporate Wellness Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. Corporate Wellness Market Competitive Landscape And Company Profiles

  • 27.1. Corporate Wellness Market Competitive Landscape
  • 27.2. Corporate Wellness Market Company Profiles
    • 27.2.1. ComPsych Corporation
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Wellness Corporate Solutions LLC
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Virgin Pulse
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. Provant Health Solutions LLC
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Exos
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The Corporate Wellness Market

29. Corporate Wellness Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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