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North America Workplace Wellness Market

North America Workplace Wellness Market by 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): Regional Opportunity Analysis and Industry Forecast, 2021–2028

A12498
Pages: 119
Jul 2021 | 684 Views
   
Author(s) : Snehal Manjrekar , Onkar Sumant
Tables: 57
Charts: 18
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COVID-19

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The North America workplace wellness market was valued at $15,755.33 million in 2020, and is projected to reach $24,298.52 million by 2028, registering a CAGR of 5.9% from 2021 to 2028. Workplace wellness programs are a harmonized set of health promotion strategies that are executed at worksites and include programs, policies, and certain benefits to the community designed to encourage health and safety of employees. Employee wellness programs are gradually becoming common in many organizations to keep employees productive and decrease employee turnover. The report covers types of workplace wellness plans including weight management & fitness services, nutrition & dietary plan, stress management services, health screening & assessment, and smoking cessation. Wellness programs approach certain policies and interferences that address multiple risk factors and health conditions and plan strategies that may influence multiple organization levels, including individual employee behavior change, organizational culture, and worksite environment. Workplace wellness programs are considered as important integral part of an organization or a company, which combines individual and organizational level strategies and interventions to influence health.  

North-America-workplace-wellness-market-2020-2028

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COVID-19 Impact

COVID-19 outbreak has majorly impacted the market in the initial phase of the forecast period. The pandemic has resulted in downsizing of employees in many organizations. Companies are laying off employees in an effort to cut the overall costs. Laying off employees in the form of cost cutting has reduced workplace wellness employee enrollments, which is anticipated to create a negative impact on the workplace wellness market. On the other hand, pandemic has accelerated the uptake of tele-health solutions and have positively boosted the virtual care in the workplace wellness market. Furthermore, COVID-19 pandemic has highlighted the need of prioritizing employee health and well-being, both physically and mentally. For a better understanding of COVID-19's influence on the North America workplace wellness industry, prominent companies have implemented various tactics along with favorable government efforts. The overall impact of COVID-19 on the North America workplace wellness market is expected to remain moderate. The market players are currently facing issues owing to lesser number of employees enrolled in the schemes and programs. However, this deleterious impact is anticipated to compensate by increasing modification in the workplace wellness schemes for the employees as well as surge in work-related stress due to work from home obligations since, employees are finding it difficult to maintain work-life balance, which results in mental and physical stress. Such instances in near future are likely to have a positive impact on the growth of the North America workplace wellness market.

Type Segment Review

The workplace wellness market, by type, is categorized into weight management & fitness services, nutrition & dietary plan, stress management services, health screening and assessment, and smoking cessation. The health screening and assessment segment was the largest growing segment in 2020 and is expected to maintain its dominance throughout the forecast period. This is attributed to an increase in attention among the employers toward maintaining the health of their employees for enhancing productivity and mitigating losses. Furthermore, health screening and assessment covers tests including standard tests such as total cholesterol, low-density lipoproteins (LDL), high-density lipoproteins (HDL), triglycerides, glucose, and body composition.

North America Workplace Wellness Market
By Type

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Health Screening and Assessment segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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End User Segment Review

The end user segment is categorized into small-size private organizations, mid-size private organizations, large-size private organizations, public sector, and NGOs. In 2020, large-size private organizations accounted for the largest market share, and this trend is expected to continue throughout the forecast period. This is due to the fact that such large organizations employ a huge number of people. Furthermore, firms with a larger workforce are more likely to have the more financial resources to invest in employee wellness initiatives.

North America Workplace Wellness Market
By End User

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Large size organizations segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.

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Country segment review

The North America workplace wellness market is analyzed across three countries, namely, the U.S., Mexico, and Canada. The workplace wellness market in the U.S. experienced a notable market growth, owing to the rapid adoption of various workplace wellness programs such as weight management, nutritional balance, fitness classes, smoking cessation programs, and others by the employers. Various corporations have specialized programs for stress management, as long working hours and feeling of isolation are taking a toll on their mental health. For instance, according to a research conducted by the American Institute of Stress (AIS), 40% of employees reported their job was very or extremely stressful, and 25% view their jobs as the number one stressor in their lives. As a result of which, several organizations across the U.S. are undertaking workplace wellness programs for the betterment of their employees. These programs are aimed to foster healthy behavior, reduce medical spending, increase productivity at work, and improve well-being. The corporations have further made this programs available in pandemic as well, over tele-health and virtual solutions. Moreover, according to the American Lung Association, smoking-related diseases in the U.S. cost more than $300 billion a year, cigarette smoking kills around 480,000 Americans every year. Thus, smoking cessation programs are of an immense importance for employers to increase work efficacy. Moreover, rise in incidences of cancer and chronic diseases such as obesity and diabetes propels the market growth in this region.

North America Workplace Wellness Market
By Country

2028
U.s. 
Canada
Mexico

U.S. was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.

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Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current North America workplace wellness market trends and forecast estimations from 2020 to 2028, which assists to identify the prevailing market opportunities. 
  • An in-depth market analysis includes analysis of various regions, which is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate region-specific plans.
  • A comprehensive analysis of factors that drive and restrain the growth of the regional market is provided.
  • The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2028, in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the North America workplace wellness market are profiled in this report and their strategies are analyzed thoroughly, which helps in understanding competitive outlook of the North America workplace wellness market.

Key Market Segments

By Type 

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

By End User

  • Large-size organizations
  • Mid-size organizations
  • Small-size organizations 
  • Public sector
  • NGOs

By Country

  • North America
    • U.S.
    • Canada
    • Mexico

KEY MARKET PLAYERS 

  • Alphabet Inc.
  • Compsych Corporation
  • Concierge Health
  • Healthy Contributions LLC
  • Marino Wellness, LLC
  • Marlin Equity Partners, LLC (Virgin Pulse, Inc.)
  • Modern Life, Inc. (Modern Health)
  • Novant Health
  • Virtual Health Partners Inc.
  • Wellable Inc.
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.List of the companies profiled in the report
1.5.Research methodology

1.5.1.Secondary research
1.5.2.Primary research
1.5.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope

3.1.1.Key market segments
3.1.2.Top winning strategies
3.1.3.Top investment pockets

3.2.Top player positioning, 2020
3.3.Porters five forces analysis
3.4.Market dynamics

3.4.1.Drivers

3.4.1.1.Rise in prevalence of chronic diseases
3.4.1.2.Growth in awareness and implementation of wellness programs by employers

3.4.2.Restraint

3.4.2.1.Huge cost to companies

3.4.3.Opportunity

3.4.3.1.High growth potential in tele-health and telemedicine services

3.5.Impact analysis of the COVID-19 on workplace wellness market

CHAPTER 4:NORTH AMERICA WORKPLACE WELLNESS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Weight management & fitness services

4.2.1.Key market trends and opportunities
4.2.2.Market size and forecast, by country

4.3.Nutrition & dietary plan

4.3.1.Key market trends and opportunities
4.3.2.Market size and forecast, by country

4.4.Stress management services

4.4.1.Key market trends and opportunities
4.4.2.Market size and forecast, by country

4.5.Health screening and assessment

4.5.1.Key market trends and opportunities
4.5.2.Market size and forecast, by country

4.6.Smoking cessation

4.6.1.Key market trends and opportunities
4.6.2.Market size and forecast, by country

CHAPTER 5:NORTH AMERICA WORKPLACE WELLNESS MARKET, BY END USER

5.1.Overview

5.1.1.Market size and forecast

5.2.Small-size private organizations

5.2.1.Market size and forecast, by country

5.3.Mid-size private organizations

5.3.1.Market size and forecast, by country

5.4.Large-size private organizations

5.4.1.Market size and forecast, by country

5.5.Non-governmental organizations (NGOs)

5.5.1.Market size and forecast, by country

5.6.Public sector

5.6.1.Market size and forecast, by country

CHAPTER 6:NORTH AMERICA WORKPLACE WELLNESS MARKET, BY COUNTRY

6.1.Overview

6.1.1.Market size and forecast

6.2.U.S.

6.2.1.Market size and forecast, by type
6.2.2.Market size and forecast, by end user

6.3.Canada

6.3.1.Market size and forecast, by type
6.3.2.Market size and forecast, by end user

6.4.Mexico

6.4.1.Market size and forecast, by type
6.4.2.Market size and forecast, by end user

CHAPTER 7:COMPANY PROFILES

7.1.ALPHABET INC. (FITBIT, INC.)

7.1.1.Company overview
7.1.2.Company snapshot
7.1.3.Operating business segments
7.1.4.Service portfolio
7.1.5.Business performance
7.1.6.Key strategic moves and developments

7.2.COMPSYCH CORPORATION

7.2.1.Company overview
7.2.2.Company snapshot
7.2.3.Operating business segments
7.2.4.Service portfolio
7.2.5.Key strategic moves and developments

7.3.CONCIERGE HEALTH

7.3.1.Company overview
7.3.2.Company snapshot
7.3.3.Operating business segment
7.3.4.Service portfolio
7.3.5.Key strategic moves and developments

7.4.HEALTHY CONTRIBUTIONS LLC.

7.4.1.Company overview
7.4.2.Company snapshot
7.4.3.Operating business segment
7.4.4.Service portfolio

7.5.MARINO WELLNESS, LLC

7.5.1.Company overview
7.5.2.Company snapshot
7.5.3.Operating business segment
7.5.4.Service portfolio

7.6.MARLIN EQUITY PARTNERS, LLC. (Virgin Pulse, Inc.)

7.6.1.Company overview
7.6.2.Company snapshot
7.6.3.Operating business segment
7.6.4.Service portfolio
7.6.5.Key strategic moves and developments

7.7.MODERN LIFE, INC. (MODERN HEALTH)

7.7.1.Company overview
7.7.2.Company snapshot
7.7.3.Operating business segments
7.7.4.Service portfolio
7.7.5.Key strategic moves and developments

7.8.NOVANT HEALTH

7.8.1.Company overview
7.8.2.Company snapshot
7.8.3.Operating business segments
7.8.4.Service portfolio
7.8.5.Business performance
7.8.6.Key strategic moves and developments

7.9.VIRTUAL HEALTH PARTNERS INC.

7.9.1.Company overview
7.9.2.Company snapshot
7.9.3.Operating business segments
7.9.4.Service portfolio
7.9.5.Key strategic moves and developments

7.10.WELLABLE INC.

7.10.1.Company overview
7.10.2.Company snapshot
7.10.3.Operating business segments
7.10.4.Service portfolio
7.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.NORTH AMERICA WORKPLACE WELLNESS MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 02.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR WEIGHT MANAGEMENT & FITNESS SERVICES, BY COUNTRY,  2020–2028 ($MILLION)
TABLE 03.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR NUTRITION & DIETARY PLAN MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 04.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR STRESS MANAGEMENT SERVICES, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 05.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR HEALTH SCREENING AND ASSESSMENT, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 06.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR SMOKING CESSATION MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 07.NORTH AMERICA WORKPLACE WELLNESS MARKET, BY END USER, 2020–2028 ($MILLION)
TABLE 08.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR SMALL ORGANIZATIONS, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 09.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR MID-SIZE PRIVATE ORGANIZATIONS, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 10.WORKWELLNESS WELLNESS MARKET, FOR LARGE-SIZE PRIVATE ORGANIZATIONS, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 11.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR NGOS, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 12.NORTH AMERICA WORKPLACE WELLNESS MARKET FOR PUBLIC SECTOR BY COUNTRY, 2020–2028 ($MILLION)
TABLE 13.NORTH AMERICA WORKPLACE WELLNESS MARKET, BY COUNTRY, 2020–2028 ($MILLION)
TABLE 14.U.S. WORKPLACE WELLNESS MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 15.U.S. WORKPLACE WELLNESS MARKET, BY END USER, 2020–2028 ($MILLION)
TABLE 16.CANADA WORKPLACE WELLNESS MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 17.CANADA WORKPLACE WELLNESS MARKET, BY END USER, 2020–2028 ($MILLION)
TABLE 18.MEXICO WORKPLACE WELLNESS MARKET, BY TYPE, 2020–2028 ($MILLION)
TABLE 19.MEXICO WORKPLACE WELLNESS MARKET, BY END USER, 2020–2028 ($MILLION)
TABLE 20.ALPHABET: COMPANY SNAPSHOT
TABLE 21.ALPHABET: OPERATING SEGMENTS
TABLE 22.ALPHABET: SERVICE PORTFOLIO
TABLE 23.ALPHABET: KEY DEVELOPMENTS
TABLE 24.COMPSYCH: COMPANY SNAPSHOT
TABLE 25.COMPSYCH: OPERATING SEGMENTS
TABLE 26.COMPSYCH: SERVICE PORTFOLIO
TABLE 27.COMPSYCH: KEY DEVELOPMENT
TABLE 28.CONCIERGE: COMPANY SNAPSHOT
TABLE 29.CONCIERGE: OPERATING SEGMENT
TABLE 30.CONCIERGE: SERVICE PORTFOLIO
TABLE 31.CONCIERGE: KEY DEVELOPMENTS
TABLE 32.HEALTHY CONTRIBUTIONS: SNAPSHOT
TABLE 33.HEALTHY CONTRIBUTIONS: OPERATING SEGMENT
TABLE 34.HEALTHY CONTRIBUTIONS: SERVICE PORTFOLIO
TABLE 35.MARINO WELLNESS: COMPANY SNAPSHOT
TABLE 36.MARINO WELLNESS: OPERATING SEGMENT
TABLE 37.MARINO WELLNESS: SERVICE PORTFOLIO
TABLE 38.MARLIN: COMPANY SNAPSHOT
TABLE 39.MARLIN: OPERATING SEGMENT
TABLE 40.MARLIN: SERVICE PORTFOLIO
TABLE 41.MARLIN: KEY DEVELOPMENTS
TABLE 42.MODERN LIFE: COMPANY SNAPSHOT
TABLE 43.MODERN LIFE: OPERATING SEGMENT
TABLE 44.MODERN LIFE: SERVICE PORTFOLIO
TABLE 45.MODERN LIFE: KEY DEVELOPMENT
TABLE 46.NOVANT HEALTH: COMPANY SNAPSHOT
TABLE 47.NOVANT HEALTH: OPERATING SEGMENTS
TABLE 48.NOVANT HEALTH: SERVICE PORTFOLIO
TABLE 49.NOVANT HEALTH: KEY DEVELOPMENT
TABLE 50.VIRTUAL HEALTH: COMPANY SNAPSHOT
TABLE 51.VIRTUAL HEALTH: OPERATING SEGMENT
TABLE 52.VIRTUAL HEALTH: SERVICE PORTFOLIO
TABLE 53.VIRTUAL HEALTH: KEY DEVELOPMENTS
TABLE 54.WELLABLE: COMPANY SNAPSHOT
TABLE 55.WELLABLE: OPERATING SEGMENTS
TABLE 56.WELLABLE: SERVICE PORTFOLIO
TABLE 57.WELLABLE: KEY DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTATION
FIGURE 02.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 03.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021* (%)
FIGURE 04.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP PLAYER POSITIONING, 2020
FIGURE 07.BARGANING POWER OF BUYERS
FIGURE 08.BARGANING POWER OF SUPPLIERS
FIGURE 09.THREAT OF SUBSTITUTION
FIGURE 10.THREAT OF NEW ENTRANTS
FIGURE 11.COMPETITIVE RIVALRY
FIGURE 12.IMPACT OF DRIVERS AND RESTRAINT ON THE MARKET
FIGURE 13.PERCENTAGE OF ORGANIZATION IN U.S. & CANADA OFFERING WORKPLACE WELLNESS BENEFITS
FIGURE 14.WELLNESS AND THE EMPLOYEE-EMPLOYER JOURNEY
FIGURE 15.ALPHABET: NET SALES, 2018–2020 ($MILLION)
FIGURE 16.ALPHABET: NET SALES, BY SEGMENT, 2020 (%)
FIGURE 17.ALPHABET: NET SALES, BY REGION, 2020 (%)
FIGURE 18.NOVANT HEALTH, 2018–2020 ($MILLION)

 
 

Adoption of workplace wellness by large-scale employers as well as small scale employers have augmented in recent years. A worker’s well-being or fitness is the key factor that defines an organization’s long-term success. Many studies show a direct link between productivity levels and general health and well-being of any workforce. Various enterprises and organizations are gradually recognizing significance of well-being of their employees. Small scale organizations have initiated programs to address well-being of employees and focus on their health issues. 

North America workplace wellness market is anticipated to witness a significant growth in the future. The most adopted type of workplace wellness programs include health screening and assessments including standard tests such as total cholesterol, low-density lipoproteins (LDL), high-density lipoproteins (HDL), triglycerides, glucose, and body composition (BMI, waist circumference, and body fat percentage). 

Moreover, there is a steady increase of such programs in developing economies, which further propels the market growth. Further, the U.S. dominated the North America workplace wellness market, owing to increase in adoption of wellness programs by companies, presence of more large-scale organizations, and awareness among employers toward maintenance of the wellbeing of their employees.

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FREQUENTLY ASKED QUESTIONS?
Our Report Looks Like This
 

A. The total market value of North America workplace wellness Market is $15,755.33 million in 2020

A. The forecast period in the report is from 2020 to 2028

A. The market value of North America workplace wellness Market in 2021 was $16,233.72 Million

A. The base year for the report is 2020

A. Yes, North America workplace wellness companies are profiled in the report

A. The top companies that hold the market share in North America workplace wellness Market are Alphabet, Inc. (Fitbit, Inc.), Wellable, Inc., Concierge Health and Healthy Contributions LLC.

A. No, there is no value chain analysis provided in the North America workplace wellness Market report

A. The key trends in the North America workplace wellness Market are surge in stressed environment in workplaces, owing to stringent timelines and higher adoption and enrollment to these programs across several organizations.

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