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2021
Global Corporate Wellness Market

Global Corporate Wellness Market by Product Type (Weight Management & Fitness Services, Nutrition & Dietary Plan, Stress Management Services, Health Screening & Assessment, and Smoking Cessation), and End User (Large-Size Organizations, Mid-Size Organizations, Small-Size Organizations, Public Sector, and NGOs): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 21 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Corporate wellness programs are a coordinated set of health promotion initiatives implemented at workplaces that include policies and community benefits aimed at improving employee health and safety. Employee wellness programs are gaining popularity in many companies as a way to keep staff productive and reduce attrition. Weight management & fitness services, nutrition & dietary programs, stress management services, health screening & evaluation, and smoking cessation are included in the corporate wellness market.
Wellness programs target specific policies and interferences that address a variety of risk factors and health issues, as well as methods that can affect several levels of the company, such as individual employee behavior change, organizational culture, and worksite environment. Corporate wellness programs are a critical component of any organization or firm that combines individual and organizational-level strategies and treatments to improve health.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Product Type, Application, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

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

 

COVID-19 Impact analysis

  • Employees' mental health has been badly impacted by the COVID-19 pandemic. Following its inception, the pandemic resulted in the transition to working from home, which caused a significant deal of stress. Furthermore, the pandemic caused havoc on the economy, causing a financial crisis that had a negative impact on mental health. Wellness service providers are using virtual ways to give services such as sessions with psychologists and health coaches to combat the problem.
  • Businesses have discovered strategies to protect and priorities their employees physically as a result of the COVID-19 epidemic by giving tech assistance to promote social distancing in the adoption of new leave rules. Employers' priorities have switched to preventive and constructive management, which includes assisting employees in adapting to new requirements. The downscaling of personnel in many firms has had a significant negative effect on the corporate wellness market growth.

Top Impacting Factors
Significant increase in the prevalence of chronic diseases across the globe and the adoption of a sedentary lifestyle are the major factors that drive the growth of the corporate wellness market. 
In addition, the economic benefits offered by these programs and the rise in awareness and implementation of wellness programs by employers further propel the corporate wellness market growth.
Evolving industrialization in growing economies reduces the incidences such as, hypertension and other diseases like diabetes with diabetes management which is projected to propel the market growth. 
Increase in government initiatives such as health screening programs for employees which are predicted to lead the corporate wellness market as companies are set to take advantage of the opportunity.
However, huge costs levied to the respective companies impede the growth to a certain extent. 

Market Trends
New product launches to flourish the market

  • In July 2020, Wellsource, Inc., was chosen as the trusted vendor by Certintell Inc. to provide a health risk assessment (HRA) solution for their clients serving a Medicare patient population. The telehealth provider focuses on solutions for care management and chronic care management services and views the Wellsource HRA as a critical component in improving outcomes and reducing costs associated with chronic conditions. 
  • In February 2018, Vitality Group, a health tech company, announced Gateway Program developed to integrate strategic partners across the health ecosystem to connect employees to meaningful resources that will improve their health due to this program many health companies such as Headspace, Happify Health, Vida Health, Zipongo, eHealthScreenings, and Wellness Corporate Solutions collaborated with Vitality Group.

Key Segments Covered

Segment

Sub-segment

  Type

  • Weight Management & Fitness Services
  • Nutrition & Dietary Plan
  • Stress Management Services
  • Health Screening & Assessment
  • Smoking Cessation

  End User

  • Large-Size Organizations
  • Mid-Size Organizations
  • Small-Size Organizations
  • Public Sector
  • NGOs

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the Corporate Wellness along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Corporate Wellness market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Corporate Wellness market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Corporate Wellness market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Corporate Wellness Report

  • Who are the leading market players active in the Corporate Wellness market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is "Corporate Wellness"?
  • What is "Corporate Wellness" Market prediction in the future?
  • Who are the leading global players in the "Corporate Wellness" Market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the "Corporate Wellness" Market report?
 
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We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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