Corporate wellbeing is intended to assist with motivating workers to be healthy, and employers control to their medical care costs. For a really long time, it was more about awareness than about certified health, however circumstances are presently different, and businesses are perceiving the effect that they can have on their employees’ lives. Medical care costs are ordinarily quite expensive live items, next to payroll, and they are hoping to have an impact. Moreover, employers know that with a profoundly successful economy and unemployment at an unequalled low, one of their most valuable items is their employees and they will put resources into something to work on their wellness, health, and personal satisfaction to draw in and hold the best ability.
Corporate wellness projects might include:
- Nourishment and Exercise training
- Outreach programs
- Practice classes
- Wellness plan planning
- Onsite health fairs
- Biometric screenings
- Chronic condition coaching
Market overview
The global corporate wellness market is driven by expanding incidences of way of life illnesses, progression in medical services area, and rising awareness on such health programs among workers at the worldwide level. Because of quickly expanding heart-related disease in corporate representatives, there is a readiness to put resources into such projects at work environments. In addition, cancer, diabetes, hypertension, and respiratory sicknesses are the main source of death all over the world. State run administrations are additionally putting resources into the advancement of such corporate wellness projects to work on the wellbeing and efficiency of employees in different associations.
Also, the expanding interest for corporate wellness administrations in numerous organisations is setting out potential development opportunities for the market players. To expand the general prosperity of employees, market players are offering cost-effective and profoundly effective corporate wellness programs at working environments.
Economic growth
The Global Corporate Wellness Market size was $55.05 billion in 2021, and is projected to grow to a value of more than $94.37 billion by 2030, with a CAGR (Compound annual growth rate) of over 6.18% from 2022 to 2030.
Market segmentation: Analysis
The Global Corporate Wellness Market is segmented by service, category, end-user, and geographic region.
On the basis of service
- Fitness
- Health risk assessment
- Health screening
- Nutrition
- weight management
- Smoking cessation
- Stress management.
According to the service segmentation
On the basis of category
- Fitness
- nutrition consultants
- Organizations/employers
- psychological therapists.
According to the category segmentation, organisation/ employers held the biggest market share of over 50% in 2020 and is likely to stay of its driving situation during the forecast period. The specialist co-ops give in-house as well as outsourced health management services for enormous as well as limited scale enterprises.
On the basis of end-user
- Small-scale organizations
- Medium-scale organizations
- Large-scale organizations.
According to the end-user segmentation, Large-scale organizations held the biggest share over 50% in 2020. Projects and administrations can be coordinated into the foundation of larger organizations. Small businesses could benefit from corporate affiliations and service contracting.
On the basis of region – North America, Asia-pacific, Europe, South America, and Middle east and Africa.
According to the regional segmentation, North America rules the worldwide Corporate Wellness market during the estimated time frame 2022-2030. North America held the largest share of more than 40% in 2020, Because of the presence of corporate wellbeing suppliers, lifestyle changes along with the developing frequency of constant illnesses, expanding expenditure on medical care, and rising reception of health activities in the US and Canada.
Key players in the Global Corporate Wellness Market are:
- ComPsych Inc
- Wellness Corporate Solutions
- Virgin Pulse Group
- Provant Health Solutions Limited
- EXOS Ltd
- Marino Wellness Inc
- Privia Health Inc
- Vitality Group
- Wellsource, Inc.
- Central Corporate Wellness
For More Details, Visit Our Report Page
About We Market Research
We Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. We Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
