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Corporate Wellness Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Aug 01, 2024
Length 143 Pages
SKU # FOB19136325

Description

Corporate Wellness Market



Growth Factors of Corporate Wellness Market

The Corporate Wellness market size was valued at USD 62.38 billion in 2023, and the market is now projected to grow from USD 65.25 billion in 2024 to USD 102.56 billion by 2032, exhibiting a CAGR of 5.8% during the forecast period of 2024-2032.

Due to the suppression of private participation, the shift in the direction of gift health matters, in addition to declines in funding for health packages, the COVID-19 pandemic negatively impacted Corporate Wellness Market growth. Companies gave greater interest to paintings-from-home arrangements and cost-cutting projects that restricted marketplace growth and uptake of included wellness projects.

In recent times, there has been a notable increase in the number of workers leaving their jobs due to the bad work environment. As such, giant corporations have resorted to designing programs on how to improve employee participation in Corporate Wellness Market share. Consequently, organizations are putting a lot of money into availing themselves ways in which they can avoid absenteeism as well as make their staff more efficient at work. Hence, this has resulted in increased uptake of workplace wellness schemes which are expected to realize significant savings for companies.

The organizations have started moving away from a more traditional emphasis on physical fitness to a more complete kind of approach that puts into consideration the social and emotional well being of an individual. One of the reasons for this change is the rising number of working professionals going through work-induced stress.

Comprehensive Corporate Wellness Market

The Corporate Wellness market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by Delivery Model Analysis, by Services Analysis, by End User Analysis. The Delivery Model Analysis includes onsite and virtual. The Services Analysis includes health risk assessment, smoking cessation, fitness, weight/nutrition management, stress management, and others. The End User Analysis includes medium-sized organizations, small-sized organizations, and large organizations.

The North America area lead the Corporate Wellness market with the resource of estimate a market size of USD 23.47 billion in 2023 due to the launch of new workplace wellness programs by companies.

The top players in the market play a crucial role in the Healthcare industry assuring development and setting market standards. These players such as, Privia Health (U.S.), ComPsych Corporation (U.S.), EXOS (U.S.), Personify Health (U.S.), Vitality (U.S.), Wellsource, Inc. (U.S.), Marino Wellness (U.S.), Truworth Wellness (India), Central Corporate Wellness (Singapore) these market players provide a competitive landscape.

In August 2023, In order for people to enhance their fitness and health Cigna Healthcare joined forces with Virgin Pulse (Personify Health) in order to design a customized digital platform.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 5.8% from 2024-2032

Unit Value (USD Billion)

Segmentation By Services
  • Health Risk Assessment
  • Smoking Cessation
  • Fitness
  • Weight/ Nutrition Management
  • Stress Management
  • Others
By Delivery Model
  • Onsite
  • Virtual
By End User
  • Small-sized Organizations
  • Medium-sized Organizations
  • Large Organizations
By Region
  • North America (By Services, Delivery Model, End User, and Country)
- U.S. (By Services)

- Canada (By Services)
  • Europe (By Services, Delivery Model, End User, and Country/Sub-region)
- U.K. (By Services)

- Germany (By Services)

- France (By Services)

- Spain (By Services)

- Italy (By Services)

- Scandinavia (By Services)

- Rest of Europe (By Services)
  • Asia Pacific (By Services, Delivery Model, End User, and Country/Sub-region)
- China (By Services)

- India (By Services)

- Japan (By Services)

- Australia (By Services)

- Southeast Asia (By Services)

- Rest of the Asia Pacific (By Services)
  • Latin America (By Services, Delivery Model, End User, and Country/Sub-region)
- Brazil (By Services)

- Mexico (By Services)

- Rest of Latin America (By Services)
  • Middle East & Africa (By Services, Delivery Model, End User, and Country/Sub-region)
- GCC (By Services)

- South Africa (By Services)

- Rest of the Middle East & Africa (By Services)

Table of Contents

143 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Trends
4. Key Insights
4.1. Prevalence of Key Work-Related Disorders, Key Countries, 2023
4.2. Key Industry Developments: Mergers, Acquisition & Partnerships
4.3. New Corporate Service Launches
4.4. Impact of COVID-19 on the Market
5. Global Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
5.1. Market Analysis, Insights and Forecast – By Services
5.1.1. Health Risk Assessment
5.1.2. Smoking Cessation
5.1.3. Fitness
5.1.4. Weight/ Nutrition Management
5.1.5. Stress Management
5.1.6. Others
5.2. Market Analysis, Insights and Forecast – By Delivery Model
5.2.1. Onsite
5.2.2. Virtual
5.3. Market Analysis, Insights and Forecast – By End User
5.3.1. Small-sized Organizations
5.3.2. Medium-sized Organizations
5.3.3. Large Organizations
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East & Africa
6. North America Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
6.1. Market Analysis, Insights and Forecast – By Services
6.1.1. Health Risk Assessment
6.1.2. Smoking Cessation
6.1.3. Fitness
6.1.4. Weight/ Nutrition Management
6.1.5. Stress Management
6.1.6. Others
6.2. Market Analysis, Insights and Forecast – By Delivery Model
6.2.1. Onsite
6.2.2. Virtual
6.3. Market Analysis, Insights and Forecast – By End User
6.3.1. Small-sized Organizations
6.3.2. Medium-sized Organizations
6.3.3. Large Organizations
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.1.1. By Services
6.4.2. Canada
6.4.2.1. By Services
7. Europe Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
7.1. Market Analysis, Insights and Forecast – By Services
7.1.1. Health Risk Assessment
7.1.2. Smoking Cessation
7.1.3. Fitness
7.1.4. Weight/ Nutrition Management
7.1.5. Stress Management
7.1.6. Others
7.2. Market Analysis, Insights and Forecast – By Delivery Model
7.2.1. Onsite
7.2.2. Virtual
7.3. Market Analysis, Insights and Forecast – By End User
7.3.1. Small-sized Organizations
7.3.2. Medium-sized Organizations
7.3.3. Large Organizations
7.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
7.4.1. Germany
7.4.1.1. By Services
7.4.2. U.K.
7.4.2.1. By Services
7.4.3. France
7.4.3.1. By Services
7.4.4. Spain
7.4.4.1. By Services
7.4.5. Italy
7.4.5.1. By Services
7.4.6. Scandinavia
7.4.6.1. By Services
7.4.7. Rest of Europe
7.4.7.1. By Services
8. Asia Pacific Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
8.1. Market Analysis, Insights and Forecast – By Services
8.1.1. Health Risk Assessment
8.1.2. Smoking Cessation
8.1.3. Fitness
8.1.4. Weight/ Nutrition Management
8.1.5. Stress Management
8.1.6. Others
8.2. Market Analysis, Insights and Forecast – By Delivery Model
8.2.1. Onsite
8.2.2. Virtual
8.3. Market Analysis, Insights and Forecast – By End User
8.3.1. Small-sized Organizations
8.3.2. Medium-sized Organizations
8.3.3. Large Organizations
8.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
8.4.1. Japan
8.4.1.1. By Services
8.4.2. China
8.4.2.1. By Services
8.4.3. India
8.4.3.1. By Services
8.4.4. Australia
8.4.4.1. By Services
8.4.5. Southeast Asia
8.4.5.1. By Services
8.4.6. Rest of Asia Pacific
8.4.6.1. By Services
9. Latin America Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
9.1. Market Analysis, Insights and Forecast – By Services
9.1.1. Health Risk Assessment
9.1.2. Smoking Cessation
9.1.3. Fitness
9.1.4. Weight/ Nutrition Management
9.1.5. Stress Management
9.1.6. Others
9.2. Market Analysis, Insights and Forecast – By Delivery Model
9.2.1. Onsite
9.2.2. Virtual
9.3. Market Analysis, Insights and Forecast – By End User
9.3.1. Small-sized Organizations
9.3.2. Medium-sized Organizations
9.3.3. Large Organizations
9.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
9.4.1. Brazil
9.4.1.1. By Services
9.4.2. Mexico
9.4.2.1. By Services
9.4.3. Rest of Latin America
9.4.3.1. By Services
10. Middle East & Africa Corporate Wellness Market Analysis, Insights and Forecast, 2019-2032
10.1. Market Analysis, Insights and Forecast – By Services
10.1.1. Health Risk Assessment
10.1.2. Smoking Cessation
10.1.3. Fitness
10.1.4. Weight/ Nutrition Management
10.1.5. Stress Management
10.1.6. Others
10.2. Market Analysis, Insights and Forecast – By Delivery Model
10.2.1. Onsite
10.2.2. Virtual
10.3. Market Analysis, Insights and Forecast – By End User
10.3.1. Small-sized Organizations
10.3.2. Medium-sized Organizations
10.3.3. Large Organizations
10.4. Market Analysis, Insights and Forecast – By Country/ Sub-region
10.4.1. GCC
10.4.1.1. By Services
10.4.2. South Africa
10.4.2.1. By Services
10.4.3. Rest of Middle East & Africa
10.4.3.1. By Services
11. Competitive Analysis
11.1. Global Market Share Analysis (2023)
11.2. Company Profiles
11.2.1. ComPsych Corporation
11.2.1.1. Overview
11.2.1.2. Products & services
11.2.1.3. SWOT Analysis
11.2.1.4. Recent Developments
11.2.1.5. Strategies
11.2.1.6. Financials (Based on Availability)
11.2.2. Privia Health
11.2.2.1. Overview
11.2.2.2. Products & services
11.2.2.3. SWOT Analysis
11.2.2.4. Recent Developments
11.2.2.5. Strategies
11.2.2.6. Financials (Based on Availability)
11.2.3. Virgin Pulse
11.2.3.1. Overview
11.2.3.2. Products & services
11.2.3.3. SWOT Analysis
11.2.3.4. Recent Developments
11.2.3.5. Strategies
11.2.3.6. Financials (Based on Availability)
11.2.4. EXOS
11.2.4.1. Overview
11.2.4.2. Products & services
11.2.4.3. SWOT Analysis
11.2.4.4. Recent Developments
11.2.4.5. Strategies
11.2.4.6. Financials (Based on Availability)
11.2.5. Marino Wellness
11.2.5.1. Overview
11.2.5.2. Products & services
11.2.5.3. SWOT Analysis
11.2.5.4. Recent Developments
11.2.5.5. Strategies
11.2.5.6. Financials (Based on Availability)
11.2.6. Vitality
11.2.6.1. Overview
11.2.6.2. Products & services
11.2.6.3. SWOT Analysis
11.2.6.4. Recent Developments
11.2.6.5. Strategies
11.2.6.6. Financials (Based on Availability)
11.2.7. Wellsource, Inc.
11.2.7.1. Overview
11.2.7.2. Products & services
11.2.7.3. SWOT Analysis
11.2.7.4. Recent Developments
11.2.7.5. Strategies
11.2.7.6. Financials (Based on Availability)
11.2.8. Central Corporate Wellness
11.2.8.1. Overview
11.2.8.2. Products & services
11.2.8.3. SWOT Analysis
11.2.8.4. Recent Developments
11.2.8.5. Strategies
11.2.8.6. Financials (Based on Availability)
11.2.9. Truworth Wellness
11.2.9.1. Overview
11.2.9.2. Products & services
11.2.9.3. SWOT Analysis
11.2.9.4. Recent Developments
11.2.9.5. Strategies
11.2.9.6. Financials (Based on Availability)

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