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Corporate Wellness Market Size, Developments Status, Trends and Leading Players Analysis, Forecast 2027

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The global Corporate Wellness market size is expected to surpass around US$ 80.64 billion by 2027 and the market is expected to garner growth at a CAGR of 7.1% over the forecast period 2021 to 2027.

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Growth Factors

Significant rise in the prevalence of chronic diseases across the world along with the adoption of sedentary lifestyle are some of the prime factors that drives the market growth. Furthermore, economic benefits offered by these wellness programs as well as rising awareness for mental and physical health expected to trigger the market growth over the forecast period. However, huge cost associated to outsource such programs or services predicted to hamper the growth of the market. Nonetheless, high rate of return on investment from wellness programs projected to drive the market significantly in the coming years.

Market Report Scope

Report Highlights Details
Market Size USD 80.64 Billion by 2027
Growth Rate CAGR of 7.1% From 2020 to 2027
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2027

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Market Overview

A recent study by Precedence Research on the Corporate Wellness market offers a forecast for 2021 and 2027. The study analyzes crucial trends that are currently determining the growth of the Corporate Wellness market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of Corporate Wellness. The study also provides the dynamics that are responsible for influencing the future status of the Corporate Wellness market over the forecast period.

A detailed assessment of the Corporate Wellness market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the Corporate Wellness market along with their product portfolio enhances the reliability of this comprehensive research study.

Report Highlights

  • North America dominated the global corporate wellness market with maximum revenue share in the year 2019. Significant dominance of the office culture in the North America influence corporate owners in the region to implement such services or programs to benefit their employees with good health. The aforementioned factor drives the market significantly.
  • The Asia Pacific encountered flourishing growth over the forecast period owing to significant increase in the working population along with rising awareness for health management of employees.
  • In 2019, large scale organizations led the global corporate wellness market in terms of revenue share. As per RAND Corporation, around 70% of the large-scale organizations had invested in the health screening services or programs in the year 2013. Further, high return on investment through these programs influence large number of organizations to implement corporate wellness programs.
  • Onsite delivery model emerged as the most dominating segment in terms of revenue share in the global corporate wellness market and anticipated to witness the fastest growth over the forecast period. This type of program provides personal touch and guidance for exercises to the employees.

Regional Snapshots

In 2019, North America led the global corporate wellness market with significant revenue share and expected to flourish prominently during the analysis period. The significant growth of the region is mainly attributed to the increasing corporate businesses in the region along with rising awareness among the corporate owners towards their employee’s health benefit. Increasing pollution and busy lifestyle impact adversely on the employee’s health that finally impact the organization’s work culture. In addition, Harvard Business School has stated in its report that American companies have reduced their medical expenses by US$ 3.27 for each dollar spent on the wellness programs. This encourages other employers too to implement corporate wellness programs in their organizational culture to get maximum benefits in term of return on investment.

On the other hand, the Asia Pacific encounter positive growth outlook during the forecast period. This is primarily due to increasing urbanization coupled with the rising health awareness among the public. For the same, employees in the region also prefer those organizations that offer health benefits to the employees as well as incentive-based wellness programs inside the organization.

OBJECTIVES OF THE STUDY

  • To analyze and forecast the electric motor market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global electric motor market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the electric motor market

Research Methodology

  • Market estimate for 2020
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on electric motor market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers

Major key players operating in the market are

  • Wellness Corporate Solutions
  • ComPsych
  • Provant Health Solutions
  • Beacon Health Options
  • Virgin Pulse
  • Marino Wellness
  • EXOS
  • Vitality Group
  • Privia Health
  • Central Corporate Wellness
  • Wellsource, Inc.
  • SOL Wellness
  • Truworth Wellness
  • ADURO, INC.
  • Well Nation
  • Fitbit, Inc.

Segments Covered in the Report

By Service

  • Fitness
  • Health Risk Assessment
  • Health Screening
  • Smoking Cessation
  • Stress Management
  • Nutrition & Weight Management
  • Others

By Category

  • Psychological Therapists
  • Fitness & Nutrition Consultants
  • Organizations/Employers

By Delivery Model

  • Offsite
  • Onsite

By End-use

  • Large Scale Organizations
  • Medium Scale Organizations
  • Small Scale Organizations

By Regional Outlook

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Why should you invest in this report?

If you are aiming to enter the global Corporate Wellness market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Corporate Wellness are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027, so that you can plan your strategies to enter this market accordingly. Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Corporate Wellness Market, By Service

7.1. Corporate Wellness Market, by Service Type, 2020-2027
7.1.1. Fitness
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Health Risk Assessment
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Health Screening
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Smoking Cessation
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Stress Management
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Nutrition & Weight Management
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Others
7.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Corporate Wellness Market, By Category

8.1. Corporate Wellness Market, by Category, 2020-2027
8.1.1. Psychological Therapists
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Psychological Therapists
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Organizations/Employers
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Corporate Wellness Market, By Delivery Model

9.1. Corporate Wellness Market, by Delivery Model, 2020-2027
9.1.1. Offsite
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Onsite
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Corporate Wellness Market, By End-User

10.1. Corporate Wellness Market, by End-User, 2020-2027
10.1.1. Large Scale Organizations
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Medium Scale Organizations
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Small Scale Organizations
10.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Corporate Wellness Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 12. Company Profiles

12.1. Wellness Corporate Solutions
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. ComPsych
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Provant Health Solutions
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Beacon Health Options
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Virgin Pulse
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Marino Wellness
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. EXOS
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Vitality Group
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Privia Health
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Central Corporate Wellness
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Wellsource, Inc.
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. SOL Wellness
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Truworth Wellness
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. ADURO, INC.
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Well Nation
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Fitbit, Inc.
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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