Global Corporate Wellness Market research report
offers a panoramic view of the Corporate Wellness Market , regulatory
framework, and macro- and micro-economic factors that influence the growth of
the industry. The report strives to offer authentic information about the Corporate
Wellness Market size, share, product portfolio, revenue estimations, and growth
rate. The report has been formulated through extensive primary and secondary
research along with verified and reliable data obtained from industry experts
and professionals.
The global corporate wellness market size was USD 53.04 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.3% during the forecast period. Increasing prevalence of chronic diseases, reduction in employee healthcare costs, and rising number of deskbound job profiles are key factors driving market revenue growth.The corporate wellness market is a burgeoning sector within the broader health and wellness industry, dedicated to promoting employee health, productivity, and overall well-being in the workplace. Corporate wellness programs encompass a wide range of initiatives and services aimed at improving physical fitness, mental health, nutrition, stress management, and work-life balance among employees
Drivers Fueling Growth in the Corporate Wellness Market:
Several factors are driving the growth of the corporate wellness market. One key driver is the rising awareness of the impact of employee health on business performance, productivity, and healthcare costs, prompting employers to implement wellness programs as a means of attracting and retaining talent, reducing absenteeism, and improving employee morale and engagement.
Additionally, the growing prevalence of chronic diseases such as obesity, diabetes, and cardiovascular conditions underscores the importance of preventive health measures and lifestyle interventions in the workplace, driving demand for corporate wellness programs that focus on nutrition education, physical activity promotion, and disease management support. Moreover, advancements in technology, including wearable devices, mobile apps, and telehealth platforms, enable employers to deliver personalized and scalable wellness solutions to employees, facilitating remote monitoring, coaching, and engagement, especially in the context of remote and hybrid work arrangements.
Major Companies and Competitive Landscape
The Corporate Wellness Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
FitMind LLC, Wellsource, Inc., Virgin Pulse, Privia Health, Exos, ComPsych Corporation, WellRight, Inc., Cerner Corporation, TELUS, Centene Corporation, Central Corporate Wellness, Truworth Wellness, Marino Wellness, Quest Diagnostics, CVS Health Corporation, SOL Wellness and Healing, Castlight Health, Aduro, Laboratory Corporation of America Holdings.
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Key inclusions of the Corporate Wellness Market report:COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Corporate Wellness Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Corporate Wellness Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Corporate Wellness Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Corporate Wellness Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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For the purpose of this report, Emergen Research has segmented the global corporate wellness market on the business service, category, delivery, end-use and region:
· Service type Outlook (Revenue, USD Billion; 2019-2032)Regional Analysis of the Corporate Wellness Market :
Key Objectives of the Report:
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