Corporate Wellness Market Report Forecast by Industry Outlook, Capital Investment, Opportunities and Trends 2022-2030
Corporate Wellness Market Outlook 2028
The global corporate wellness market was valued at US$ 40.2 Bn in 2020
It is estimated to expand at a CAGR of 8.2% from 2021 to 2028
The global corporate wellness market is expected to cross the value of US$ 74.5 Bn by the end of 2028
Get the sample copy of report@ https://qyresearchmedical.com/sample/111479
Analysts’ Viewpoint on Corporate Wellness Market Scenario
The increasing adoption of advanced corporate wellness programs in many developing regions is fueling the growth of the global market. The global corporate wellness market is expected to witness tremendous growth opportunities due to rising incidences of chronic disorders across the globe. The rising number of health complications in employees demand for health assessment programs at their workplaces. Market contributors are leveraging the opportunities to improve revenue and presence in the global market, as these programs are found to be highly effective in increasing the productivity of employees at workplace. Furthermore, the rising implementation of such programs in order to check health issues in employees is driving the global market. However, the unavailability of skilled professionals is a major restraining factor in the global corporate wellness market.
Increasing Prevalence of Chronic Diseases and Associated Risk Factors
The global corporate wellness market is driven by rapidly rising cases of chronic diseases across the globe. The increasing number of market players selling corporate wellness programs to various organizations is attributable to market growth. Manufacturers operating in the global corporate wellness market are focusing on high quality services to boost the overall health and wellbeing of employees. Many employers in developing countries are adopting these services for better health and improved lifestyle. This has significantly reduced the total healthcare expenditure and helps improve the productivity of employees across the globe.
There is an increase in awareness about better health and fitness among corporate employees especially during the global coronavirus outbreak. Many people have started investing in corporate wellness programs to check their health and fitness. The corporate wellness programs provide services such as stress management, health screening, weight management, food & nutrition, etc. Service providers operating in the global corporate wellness market are gaining value-grab opportunities after the coronavirus pandemic. The corporate or workplace wellness programs are employer-funded services designed to maintain good health of employees.
Adoption of Corporate Wellness Programs by Employees
The global corporate wellness market is driven by the rising number of cardiovascular diseases. The corporate wellness programs are in place to know various health risks associated with the employees. In order to promote healthy behavior at workplaces and boost productivity, many corporate organizations are implementing corporate wellness programs in their organizations. Corporate wellness programs help employees to understand health risks associated with them and reduce healthcare expenses to a great extent. Corporate wellness programs comprise health risk assessments, fitness, health screening, weight management, smoking cessation, and nutrition. These programs are aimed at the overall health and wellbeing of employees.
Technological Growth and Advancement in Healthcare Industry Boost Market Growth
The global corporate wellness market is driven by increasing incidences of lifestyle diseases, advancement in healthcare sector, and rising awareness of such wellness programs in employees at the global level. Due to rapidly increasing heart-related diseases in corporate employees, there is a willingness to invest in such programs at workplaces. In addition, cancer, diabetes, high blood pressure, and respiratory diseases are the leading cause of death around the world. Governments are also investing in the promotion of such corporate wellness programs to improve the health and productivity of employees in various organizations.
Moreover, the increasing demand for corporate wellness services in many organizations is creating potential growth opportunities for market players. In order to increase the overall wellbeing of employees, market players are offering cost-effective and highly efficient corporate wellness programs at workplaces.
Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111479/2900
North America Offers Lucrative Growth Opportunities to Market Players
North America is expected to account for the largest share of the global corporate wellness market. Technological advancement in healthcare industry, rising incidence of chronic disorders, and increasing geriatric population are some of the factors contributing to the corporate wellness market growth in North America. The rising awareness in people about these services in North America, along with increasing investments in healthcare accelerates the corporate wellness market in the region. Improvement in healthcare services at corporate workplaces is also driving the market.
Corporate Wellness Market: Overview
According to Transparency Market Research’s latest research report on the global corporate wellness market for the historical period 2017-2019, considering 2020 as the base year and the forecast period from 2021 to 2028, rise in awareness about health and wellness among employers & employees and increase in incidence of chronic conditions are anticipated to propel the global market during the forecast period
By Key Driver
Work-related stress, obesity, and physical inactivity are major workplace health problems and have significant occupational health risks. Additionally, employees who work full-time are reported to have other chronic health problems.
Surge in health consciousness among the population of countries in the Americas and Asia has increased awareness about the benefits of healthy lifestyle. This is anticipated to increase participation in health, fitness, and diet programs.
Increase in Incidence of Chronic Conditions: Major Driver
Employers are adopting wellness programs due to increase in incidence of chronic conditions. Incidence of chronic diseases at workplace increases the employer healthcare expenditure and lowers employee productivity.
Health risk behaviors are the root of several health problems in the U.S. Lifestyle disease epidemic causes chronic conditions such as diabetes, heart disease, and pulmonary conditions.
Rise in prevalence and earlier onset of chronic conditions increases healthcare cost burden for employers
Treatment of chronic conditions accounts for over 75% of national health expenditure
Indirect costs are four-times higher for individuals with chronic conditions compared to healthy individuals due to illness-related loss of productivity, including employee absence, and reduction in performance
Taking these factors into consideration, the employers are readily implanting health and wellness programs at the workplace in order to maintain the employee’s health and for increased productivity
Key Questions Answered in Corporate Wellness Market Report
- What is the sales/revenue generated by corporate wellness services across all regions during the forecast period?
- What are the key trends in the corporate wellness market?
- What are the key factors/opportunities that are likely to affect future of corporate wellness service?
- What are the major drivers, restraints, and opportunities in the corporate wellness market?
- Market in which region is set to expand at the highest CAGR during the forecast period?
- Which corporate wellness service segment will have the highest revenue globally in 2028 and which service type segment will expand at the highest CAGR during the forecast period?
Segmentation
Service Type
- Health Risk Assessment
- Fitness
- Smoking Cessation
- Health Screening
- Weight Management
- Nutrition
- Others (Stress Management, Disease Management, Vaccination, etc.)
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Corporate Wellness Market
4. Market Overview
4.1. Introduction
4.1.1. Service Type Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Corporate Wellness Market Analysis and Forecast, 2017–2028
4.4.1. Market Revenue Projections (US$ Mn)
4.4.2. Market Volume/Unit Shipments Projections
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Government support and initiatives
5.2. Increase in number of white collar employees
5.3. Rise in awareness about health and wellness among employers & employees
5.4. Restraints
5.5. Entry of local players leads to price competition
5.6. Willingness of employer to invest in wellness programs
5.7. Increase in incidence of chronic conditions
5.8. Restraints
5.9. Rise in external competition
5.10. Government support and initiatives
6. Global Corporate Wellness Market Analysis and Forecast, by Service Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value & Volume Forecast, by Service Type, 2017–2028
6.3.1. Health Risk Assessment
6.3.2. Fitness
6.3.3. Smoking Cessation
6.3.4. Health Screening
6.3.5. Weight Management
6.3.6. Nutrition
6.3.7. Others (stress management, disease management, vaccination, etc.)
6.4. Market Attractiveness Analysis, by Service Type
7. Global Corporate Wellness Market Analysis and Forecast, by Region
7.1. Key Findings
7.2. Market Value & Volume Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Market Attractiveness Analysis, by Country/Region
8. North America Corporate Wellness Market Analysis and Forecast
8.1. Introduction
8.1.1. Key Findings
8.2. Market Value & Volume Forecast, by Service Type, 2017–2028
8.2.1. Health Risk Assessment
8.2.2. Fitness
8.2.3. Smoking Cessation
8.2.4. Health Screening
8.2.5. Weight Management
8.2.6. Nutrition
8.2.7. Others (stress management, disease management, vaccination, etc.)
8.3. Market Value & Volume Forecast, by Country, 2017–2028
8.3.1. U.S.
8.3.2. Canada
8.4. Market Attractiveness Analysis
8.4.1. By Service Type
8.4.2. By Country
9. Europe Corporate Wellness Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value & Volume Forecast, by Service Type, 2017–2028
9.2.1. Health Risk Assessment
9.2.2. Fitness
9.2.3. Smoking Cessation
9.2.4. Health Screening
9.2.5. Weight Management
9.2.6. Nutrition
9.2.7. Others (stress management, disease management, vaccination, etc.)
9.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Rest of Europe
9.4. Market Attractiveness Analysis
9.4.1. By Service Type
9.4.2. By Country/Sub-region
10. Asia Pacific Corporate Wellness Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value & Volume Forecast, by Service Type, 2017–2028
10.2.1. Health Risk Assessment
10.2.2. Fitness
10.2.3. Smoking Cessation
10.2.4. Health Screening
10.2.5. Weight Management
10.2.6. Nutrition
10.2.7. Others (stress management, disease management, vaccination, etc.)
10.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia & New Zealand
10.3.5. Rest of Asia Pacific
10.4. Market Attractiveness Analysis
10.4.1. By Service Type
10.4.2. By Country/Sub-region
11. Latin America Corporate Wellness Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value & Volume Forecast, by Service Type, 2017–2028
11.2.1. Health Risk Assessment
11.2.2. Fitness
11.2.3. Smoking Cessation
11.2.4. Health Screening
11.2.5. Weight Management
11.2.6. Nutrition
11.2.7. Others (stress management, disease management, vaccination, etc.)
11.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Market Attractiveness Analysis
11.4.1. By Service Type
11.4.2. By Country/Sub-region
12. Middle East & Africa Corporate Wellness Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value & Volume Forecast, by Service Type, 2017–2028
12.2.1. Health Risk Assessment
12.2.2. Fitness
12.2.3. Smoking Cessation
12.2.4. Health Screening
12.2.5. Weight Management
12.2.6. Nutrition
12.2.7. Others (stress management, disease management, vaccination, etc.)
12.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028
12.3.1. GCC Countries
12.3.2. South Africa
12.3.3. Rest of Middle East & Africa
12.4. Market Attractiveness Analysis
12.4.1. By Service Type
12.4.2. By Country/Sub-region
13. Competition Landscape
13.1. Market Player – Competition Matrix (By Tier and Size of companies)
13.2. Market Share Analysis By Company (2020)
13.3. Market Footprint Analysis
13.3.1. By Region
13.3.2. By Service Type
13.4. Competitive Business Strategies
13.5. Company Profiles
13.5.1. EXOS
13.5.1.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.1.2. Product Portfolio
13.5.1.3. SWOT Analysis
13.5.1.4. Strategic Overview
13.5.2. ProvantHealth (Hooper Holmes, Inc.)
13.5.2.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.2.2. Product Portfolio
13.5.2.3. SWOT Analysis
13.5.2.4. Strategic Overview
13.5.3. Wellness Corporate Solutions
13.5.3.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.3.2. Product Portfolio
13.5.3.3. SWOT Analysis
13.5.3.4. Strategic Overview
13.5.4. ComPsych Corporation
13.5.4.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.4.2. Product Portfolio
13.5.4.3. SWOT Analysis
13.5.4.4. Strategic Overview
13.5.5. Optum, Inc. (United Health Group)
13.5.5.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.5.2. Product Portfolio
13.5.5.3. SWOT Analysis
13.5.5.4. Strategic Overview
13.5.6. Sodexo
13.5.6.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.6.2. Product Portfolio
13.5.6.3. SWOT Analysis
13.5.6.4. Strategic Overview
13.5.7. BupaWellness Pty Ltd. (BupaGroup)
13.5.7.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.7.2. Product Portfolio
13.5.7.3. SWOT Analysis
13.5.7.4. Strategic Overview
13.5.8. JLT Australia (RecovreGroup)
13.5.8.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.8.2. Product Portfolio
13.5.8.3. SWOT Analysis
13.5.8.4. Strategic Overview
13.5.9. Central Corporate Wellness
13.5.9.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.9.2. Product Portfolio
13.5.9.3. SWOT Analysis
13.5.9.4. Strategic Overview
13.5.10. Truworth Wellness
13.5.10.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.10.2. Product Portfolio
13.5.10.3. SWOT Analysis
13.5.10.4. Strategic Overview
13.5.11. CXA Group Pte. Limited
13.5.11.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.11.2. Product Portfolio
13.5.11.3. SWOT Analysis
13.5.11.4. Strategic Overview
13.5.12. SOL Wellness
13.5.12.1. Company Overview (HQ, Business Segments, Employee Strength)
13.5.12.2. Product Portfolio
13.5.12.3. SWOT Analysis
13.5.12.4. Strategic Overview
Purchase Complete Report Now@ https://qyresearchmedical.com/report/checkout/111479/2900
You can place an order or ask any questions, please feel free to contact at mailto:sales@qyresearchmedical.com | +1 9197 992 333
About Us
QYResearch Medical, focuses on custom research, management consulting, IPO consulting, industry chain research, and data base & seminar services. The company owns large basic databases (such as National Bureau of Statistics Database, Customs Import and Export Database, Industry Association Database, etc.), expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in industries of healthcare services, medical technology & devices, etc.), professional survey team (the team members obtained more than 3 years market survey experience and more than 2 years deep expert interview experience), and excellent data analysis team (SPSS statistics and PPT graphics process team).
QYResearch Medical has more than 4000 global well-known customers, covering more than 30 industries including pharmaceuticals, medical technology & devices, healthcare services etc. Company services cover one-stop solution as Data-Analysis-Suggestion-Consulting Implementation. Research regions cover China, US, EU, Asia, Middle East and Africa, South America, Australia, and other regions in the world.
For Latest Update Follow Us:
https://www.linkedin.com/company/qyresearch-medical/
https://www.facebook.com/QYResearch-Medical-108186514228917/