Corporate Wellness Market cover

Corporate Wellness Market by Delivery Models (Offsite and Onsite), Services (Stress Management, Health Screening, Fitness, Nutrition & Weight Management, Smoking Cessation, Health Risk Assessment, and Others), Categories (Organizations/Employers, Fitness & Nutrition Consultants, and Psychological Therapists), End-users (Large Scale Organizations, Medium Scale Organizations, and Small Scale Organizations), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-3704
  • Author: Growth Market Reports
  • Rating: 4.8
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  • No. Of Pages: 190
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The global corporate wellness market size was valued at USD 52.77 billion in 2020 and is projected to reach USD 94.38 billion by 2028, expanding at a CAGR of 6.98% during the forecast period, 2021-2028. The growth of the market is attributed to the rising implementation of health programs by various organizations for their employees.


Corporate Wellness Market summary

A corporate wellness program is a company’s approach towards attaining a fit workplace by including various health activities within the everyday work schedule to promote their employees’ health. Corporate wellness programs comprise a set of benefits, policies, and programs for addressing multiple risk conditions and factors influencing both employees and the overall organization. National Center for Chronic Disease Prevention and Health Promotion in the U.S., state that corporate programs promoting health & wellbeing and offering disease prevention plans can significantly influence more than 150 million employees reducing the cost of their healthcare considerably. A corporate wellness program offer various benefit to the organization, in terms of more productivity, high employee morale, reduced health risks, and providing further support for the correlation between job satisfaction and personal health.

The COVID-19 pandemic outbreak had positive impact on the market.  During the pandemic, emergency lockdown imposed by government bodies across the globe, resulted in implementation of work from home (WFH) policy by many organization, which lead to great amount of stress among staffs due to the feeling of separation. Additionally, the pandemic severely affected the economy creating an economic crisis for several people which in turn affected their mental health. To tackle these problems organization adopted the virtual corporate wellness program for their employees.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising awareness regarding employee’s wellbeing and health is one of the key factors driving the market growth.
  • Growing prevalence and early onset of chronic diseases and reduced employee healthcare cost is projected to boost the market during the forecast period.
  • Lack of experienced and skilled professionals for conducting corporate wellness program acts as a major challenge that can restrict the market growth in the coming years.
  • Low employee engagement and participation in the wellness program is expected to hamper the market growth during the projected timeline.
  • Emerging economies with a large working population is anticipated to create significant growth opportunities for the market.

Scope of the Report

The report on the global corporate wellness market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Corporate Wellness Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Delivery Models (Offsite and Onsite), Services (Stress Management, Health Screening, Fitness, Nutrition & Weight Management, Smoking Cessation, Health Risk Assessment, and Others), Categories (Organizations/Employers, Fitness & Nutrition Consultants, and Psychological Therapists), and End-users (Large Scale Organizations, Medium Scale Organizations, and Small Scale Organizations)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Wellness Corporate Solutions; Provant Health Solutions; Marino Wellness; The Vitality Group, Inc.; Central Corporate Wellness; SOL Integrative Wellness Centre; ADURO, Inc.; Fitbit, Inc.; ComPsych Corp.; Virgin Pulse, Inc.; EXOS; Privia Health Group; Wellsource, Inc.; Truworth Health Technologies Pvt. Ltd.; Well Nation; and Beacon Health Options, Inc.

Market Segment Insights

Exercise facilities drives the onsite segment

In terms of delivery models, the global corporate wellness market is bifurcated into offsite and onsite. The onsite segment is estimated to expand at robust growth rate during the forecast period due to this wellness initiatives that provide a personal guide to employee’s health, along with the other facilities to exercise under the supervision of coaches and fitness consultants to meet their personal health needs. However, the offsite segment is anticipated to expand at a substantial CAGR during the forecast period owing to the shift from in-person meeting to virtual meeting, during the ongoing pandemic.

Health risk assessment segment to grow at high CAGR

On the basis of services, the market is segregated into stress management, health screening, fitness, nutrition & weight management, smoking cessation, health risk assessment, and others. The health risk assessment segment is estimated to grow at high CAGR during the forecast period owing to the service includes screening activities to identify health risk and implement suitable interventional policies to encourage a healthy lifestyle among employees.  On the other hand, the smoking cessation segment is anticipated to register significant growth during the projected period attributed to the rising adoption of these services by organization to increase employee productivity and to improve health status.


Corporate Wellness Market services

Organizations/employers segment to expand at robust growth rate

Based on categories, the global corporate wellness market is divided into organizations/employers, fitness & nutrition consultants, and psychological therapists. The organizations/employers segment is anticipated to expand at robust growth rate during the forecast period attributed to the service providers offer outsourced as well as in-house health management services for small as well as large scale corporations. However, the psychological therapists segment is projected to expand a considerable CAGR during the forecast period owing to the stress management solutions.

Large scale organizations segment to register a significant growth

On the basis of end-users, the market is fragmented into large scale organizations, medium scale organizations, and small scale organizations. The large scale organizations segment is projected to register a significant growth during the projected period owing to their ability to incorporate wellness program into their company’s infrastructure. On the other hand, the medium scale organizations segment is expected to expand at a substantial growth rate in the coming years attributed to the rising implementation of wellness program by organization to reduce the healthcare burden and total cost of healthcare premium paid by the employer to any insurance provider.

North America to constitute a key market share

In terms of region, the global corporate wellness market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the rising implementation of corporate wellness program by employers in the region. However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the surge in working population and growing awareness about health management of employee in the region.


Corporate Wellness Market region

Segments

Segments Covered in the Report

The global corporate wellness market has been segmented on the basis of

Delivery Models

  • Offsite
  • Onsite

Services

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

Categories

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

End-users

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Wellness Corporate Solutions
  • Provant Health Solutions
  • Marino Wellness
  • The Vitality Group, Inc.
  • Central Corporate Wellness
  • SOL Integrative Wellness Centre
  • ADURO, Inc.
  • Fitbit, Inc.
  • ComPsych Corp.
  • Virgin Pulse, Inc.
  • EXOS
  • Privia Health Group
  • Wellsource, Inc.
  • Truworth Health Technologies Pvt. Ltd.
  • Well Nation
  • Beacon Health Options, Inc.

Competitive Landscape

Key players competing in the global corporate wellness market are Wellness Corporate Solutions; Provant Health Solutions; Marino Wellness; The Vitality Group, Inc.; Central Corporate Wellness; SOL Integrative Wellness Centre; ADURO, Inc.; Fitbit, Inc.; ComPsych Corp.; Virgin Pulse, Inc.; EXOS; Privia Health Group; Wellsource, Inc.; Truworth Health Technologies Pvt. Ltd.; Well Nation; and Beacon Health Options, Inc. Companies are focusing on adapting virtual methods to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Corporate Wellness Market keyplayers

For instance, in December 2020, Mindhouse, a mental wellness startup announced the launch of Wellness Labs. This labs are a cooperative learning platform for senior human resource professionals concentrated on transitioning work environments during and post the pandemic. In June 2020, GreenLattey, an India based wellness center launched TwelveWeek Challenge App. The world’s first accomplishment store launched 360-degree wellness activity for individuals in corporate sector. This is to help people stay safe, stay healthy, and stay home program.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. corporate wellness Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. corporate wellness Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. corporate wellness Market - Supply Chain
  4.5. Global corporate wellness Market Forecast
     4.5.1. corporate wellness Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. corporate wellness Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. corporate wellness Market Absolute $ Opportunity
5. Global corporate wellness Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. corporate wellness Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global corporate wellness Demand Share Forecast, 2019-2026
6. North America corporate wellness Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America corporate wellness Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America corporate wellness Demand Share Forecast, 2019-2026
7. Latin America corporate wellness Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America corporate wellness Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America corporate wellness Demand Share Forecast, 2019-2026
8. Europe corporate wellness Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe corporate wellness Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe corporate wellness Demand Share Forecast, 2019-2026
9. Asia Pacific corporate wellness Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific corporate wellness Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific corporate wellness Demand Share Forecast, 2019-2026
10. Middle East & Africa corporate wellness Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa corporate wellness Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa corporate wellness Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global corporate wellness Market: Market Share Analysis
  11.2. corporate wellness Distributors and Customers
  11.3. corporate wellness Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Wellness Corporate Solutions
     11.4.2. Provant Health Solutions
     11.4.3. Marino Wellness
     11.4.4. The Vitality Group, Inc.
     11.4.5. Central Corporate Wellness
     11.4.6. SOL Integrative Wellness Centre
     11.4.7. ADURO, Inc.

Segments Covered in the Report

The global corporate wellness market has been segmented on the basis of

Delivery Models

  • Offsite
  • Onsite

Services

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

Categories

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

End-users

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

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Wellness Corporate Solutions
  • Provant Health Solutions
  • Marino Wellness
  • The Vitality Group, Inc.
  • Central Corporate Wellness
  • SOL Integrative Wellness Centre
  • ADURO, Inc.
  • Fitbit, Inc.
  • ComPsych Corp.
  • Virgin Pulse, Inc.
  • EXOS
  • Privia Health Group
  • Wellsource, Inc.
  • Truworth Health Technologies Pvt. Ltd.
  • Well Nation
  • Beacon Health Options, Inc.

Key players competing in the global corporate wellness market are Wellness Corporate Solutions; Provant Health Solutions; Marino Wellness; The Vitality Group, Inc.; Central Corporate Wellness; SOL Integrative Wellness Centre; ADURO, Inc.; Fitbit, Inc.; ComPsych Corp.; Virgin Pulse, Inc.; EXOS; Privia Health Group; Wellsource, Inc.; Truworth Health Technologies Pvt. Ltd.; Well Nation; and Beacon Health Options, Inc. Companies are focusing on adapting virtual methods to maintain their competitive position in the market. Companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

Corporate Wellness Market keyplayers

For instance, in December 2020, Mindhouse, a mental wellness startup announced the launch of Wellness Labs. This labs are a cooperative learning platform for senior human resource professionals concentrated on transitioning work environments during and post the pandemic. In June 2020, GreenLattey, an India based wellness center launched TwelveWeek Challenge App. The world’s first accomplishment store launched 360-degree wellness activity for individuals in corporate sector. This is to help people stay safe, stay healthy, and stay home program.

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