Corporate wellness is an employer's approach to achieve a healthy workplace. Corporate wellness programs are designed to both support and encourage a holistic approach to employee wellbeing by creating an organizational culture of health. Corporate wellness incorporates wellness activities into their daily life to promote employees' well-being.
Market Dynamics:
Increasing prevalence of chronic diseases, the outbreak of COVID-19 (pandemic), rise in focus on corporate wellness, and rising awareness about employee health and well-being are major factors expected to drive growth of the U.S. corporate wellness market.
For instance, According to the American Psychological Association (APA), since the COVID-19 pandemic, essential employees were twice more likely to be diagnosed with a mental health issue, and received treatment from a mental health professional (34% vs. 12%). This in turn has increased the need for wellness programs in the workplace.
Key features of the study:
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