US Corporate Wellness Market Research Report Forecast to 2030
The growth of the US corporate wellness market is attributed to the increasing investment in mental health & stress management programs, the rising adoption of wearable technologies & fitness activities, and increasing chronic diseases among corporate employees. However, concerns pertaining to employee’s data breach is attributed to retarding market growth. Nonetheless, it is anticipated that diverse offerings and customization in software are creating lucrative opportunities for the US corporate wellness market.
Corporate wellness is a broad term that refers to activities, programmes, and/or organizational policies that promote healthy behavior at work. Health education, medical screenings, weight management programmes, and onsite fitness programmes or facilities are frequently included in such programs.
Market Segmentation
Based on service, the US corporate wellness market has been segmented into health risk assessment, health screening, stress management, and others.
Based on end user, the US corporate wellness market has been segmented into small-scale organizations (0-500 employees), medium-scale organizations (500-5,000 employees), and large-scale organizations (more than 5,000 employees).
Major Players
Virgin Pulse (US), Limeade (US), Wellable (US), Microsoft Corporation (US), and Vitality Group International, Inc (US), Vantage Circle (US), Headspace Inc. (US), Headversity (Canada), Castlight Health, Inc. (US), and Modern Life, Inc. (US)
Companies Mentioned
Virgin Pulse (US)
Limeade (US)
Wellable (US)
Microsoft Corporation (US)
and Vitality Group International
Inc (US)
Vantage Circle (US)
Headspace Inc. (US)
Headversity (Canada)
Castlight Health
Inc. (US)
and Modern Life
Inc. (US)
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- 1 Executive Summary 10
- 1.1 Overview 10
- 2 Market Introduction 11
- 2.1 Definition 11
- 2.2 Scope Of The Study 11
- 2.3 Research Objective 11
- 2.4 Market Structure 11
- 2.5 Assumptions & Limitations 12
- 3 Research Methodology 13
- 3.1 Data Mining 13
- 3.2 Secondary Research 14
- 3.3 Primary Research 14
- 3.4 Breakdown Of Primary Respondents 15
- 3.5 Forecasting Techniques 16
- 3.6 Research Methodology For Market Size Estimation 17
- 3.6.1 Bottom-up Approach 17
- 3.6.2 Top-down Approach 18
- 3.7 Data Triangulation 18
- 3.8 Validation 18
- 4 Market Dynamics 19
- 4.1 Overview 19
- 4.2 Drivers 20
- 4.2.1 Increasing Investment In Mental Health And Stress Management Programs 20
- 4.2.2 Rising Adoption Of Wearable Technologies And Fitness Activities 20
- 4.2.3 Increasing Chronic Diseases Among Corporate Employees 21
- 4.3 Restraints 22
- 4.3.1 Concerns Pertaining To Employee’s Data Breach 22
- 4.4 Opportunity 23
- 4.4.1 Diverse Offerings And Customization In Software 23
- 5 Market Factor Analysis 24
- 5.1 Value Chain Analysis 24
- 5.1.1 Customer Acquisition (Prepurchase Query) 25
- 5.1.2 Service Customization 25
- 5.1.3 Customer Purchase Support 25
- 5.1.4 Customer Fulfilment & Post-purchase Support 25
- 5.2 Porter's Five Forces Model 26
- 5.2.1 Threat Of New Entrants 26
- 5.2.2 Bargaining Power Of Suppliers 27
- 5.2.3 Threat Of Substitutes 27
- 5.2.4 Bargaining Power Of Buyers 27
- 5.2.5 Intensity Of Rivalry 27
- 5.3 Impact Of Covid-19 28
- 5.3.1 Impact On Key Players 28
- 5.3.2 Impact On Pricing 28
- 5.3.3 Impact On Demand 28
- 5.4 Average Spending Per Employee Per Year, By End User 29
- 6 Us Corporate Wellness Market, By Service 30
- 6.1 Overview 30
- 7 Us Corporate Wellness Market, By End User 33
- 7.1 Overview 33
- 8 Competitive Landscape 35
- 8.1 Overview 35
- 8.2 Competitive Benchmarking 36
- 8.3 Major Growth Strategy In The Us Corporate Wellness Market 37
- 8.4 The Leading Player In Terms Of The Number Of Developments In The Us Corporate Wellness Market 37
- 8.5 Key Development Analysis 38
- 8.6 Key Developments & Growth Strategies 38
- 8.6.1 Product Launch 38
- 8.6.2 Acquisition 38
- 8.6.3 Partnership/Collaboration 39
- 8.6.4 Expansion 39
- 8.7 Major Players Financial 40
- 8.7.1 Sales (Usd Million), 2022 40
- 8.8 Major Players R&D Analysis 40
- 8.8.1 R&D Expenditure (Usd Million), 2022 40
- 9 Company Profiles 41
- 9.1 Virgin Pulse 41
- 9.1.1 Company Overview 41
- 9.1.2 Financial Overview 41
- 9.1.3 Products Offered 41
- 9.1.4 Key Developments 41
- 9.1.5 Swot Analysis 42
- 9.1.6 Key Strategies 42
- 9.2 Limeade 43
- 9.2.1 Company Overview 43
- 9.2.2 Financial Overview 44
- 9.2.3 Products Offered 44
- 9.2.4 Key Developments 45
- 9.2.5 Swot Analysis 45
- 9.2.6 Key Strategies 46
- 9.3 Castlight Health, Inc. 47
- 9.3.1 Company Overviews 47
- 9.3.2 Financial Overview 47
- 9.3.3 Products Offered 48
- 9.3.4 Key Developments 48
- 9.3.5 Key Strategies 48
- 9.4 Wellable 49
- 9.4.1 Company Overview 49
- 9.4.2 Financial Overview 49
- 9.4.3 Products Offered 49
- 9.4.4 Key Developments 49
- 9.4.5 Swot Analysis 50
- 9.4.6 Key Strategies 50
- 9.5 Modern Life, Inc. 51
- 9.5.1 Company Overview 51
- 9.5.2 Financial Overview 51
- 9.5.3 Products Offered 51
- 9.5.4 Key Developments 51
- 9.5.5 Key Strategies 51
- 9.6 Vitality Group International, Inc 52
- 9.6.1 Company Overview 52
- 9.6.2 Financial Overview 52
- 9.6.3 Products Offered 52
- 9.6.4 Key Developments 52
- 9.6.5 Swot Analysis 53
- 9.6.6 Key Strategies 53
- 9.7 Microsoft Corporation 54
- 9.7.1 Company Overview 54
- 9.7.2 Financial Overview 55
- 9.7.3 Products Offered 56
- 9.7.4 Key Developments 56
- 9.7.5 Swot Analysis 56
- 9.7.6 Key Strategies 57
- 9.8 Vantage Circle 58
- 9.8.1 Company Overviews 58
- 9.8.2 Financial Overview 58
- 9.8.3 Products Offered 58
- 9.8.4 Key Developments 58
- 9.8.5 Key Strategies 58
- 9.9 Headversity 59
- 9.9.1 Company Overviews 59
- 9.9.2 Financial Overview 59
- 9.9.3 Headversity: Products Offered 59
- 9.9.4 Key Developments 59
- 9.9.5 Key Strategies 59
- 9.10 Headspace Inc 60
- 9.10.1 Company Overviews 60
- 9.10.2 Financial Overview 60
- 9.10.3 Products Offered 60
- 9.10.4 Key Developments 60
- 9.10.5 Key Strategies 60
- 10 Appendix 61
- 10.1 References 61
- 10.2 Related Reports 61
- List Of Tables
- Table 1 List Of Assumptions & Limitations 12
- Table 2 Primary Interviews And Information Gathering Process 15
- Table 3 Average Spending Per Employee Per Year, By End User (In Usd) 29
- Table 4 Us: Corporate Wellness Market, By Service, 2019–2030 (Usd Million) 32
- Table 5 Us: Corporate Wellness Market, By End User, 2019-2030 (Usd Million) 34
- Table 6 Major Players In The Us Corporate Wellness Market 35
- Table 7 Most Active Player In The Us Corporate Wellness Market 37
- Table 8 Software Launch 38
- Table 9 Acquisition 38
- Table 10 Partnership/Collaboration 39
- Table 11 Expansion 39
- Table 12 Virgin Pulse: Products Offered 41
- Table 13 Virgin Pulse: Key Developments 41
- Table 14 Limeade: Products Offered 44
- Table 15 Limeade: Key Developments 45
- Table 16 Castlight Health, Inc.: Products Offered 48
- Table 17 Castlight Health, Inc.: Key Developments 48
- Table 18 Wellable: Products Offered 49
- Table 19 Wellable: Key Developments 49
- Table 20 Modern Life, Inc.: Products Offered 51
- Table 21 Modern Life, Inc.: Key Developments 51
- Table 22 Vitality Group International, Inc: Products Offered 52
- Table 23 Microsoft Corporation: Products Offered 56
- Table 24 Microsoft Corporation: Key Developments 56
- Table 25 Vantage Circle: Products Offered 58
- Table 26 Headversity: Product Offered 59
- Table 27 Headversity: Key Developments 59
- Table 28 Headspace Inc: Product Offered 60
- List Of Figures
- Figure 1 Market Synopsis 10
- Figure 2 Us Corporate Wellness Market 11
- Figure 3 Bottom-up And Top-down Approaches 17
- Figure 4 Market Dynamics: Us Corporate Wellness Market Market 19
- Figure 5 Driver Impact Analysis 22
- Figure 6 Restraint Impact Analysis 23
- Figure 7 Value Chain: Us Corporate Wellness Market 24
- Figure 8 Porter's Five Forces Analysis: Us Corporate Wellness Market 26
- Figure 9 Us Corporate Wellness Market, Service Segment Attractiveness, 2022 & 2030 (Usd Million) 31
- Figure 10 Us: Corporate Wellness Market, By Service, 2022 & 2030 (Usd Million) 31
- Figure 11 Us: Ayurveda Market Share (%), By Service, 2022 32
- Figure 12 Us Corporate Wellness Market, End User Segment Attractiveness, 2022 & 2030 (Usd Million) 33
- Figure 13 Us: Corporate Wellness Market, By End User, 2022 & 2030 (Usd Million) 34
- Figure 14 Us: Ayurveda Market Share (%), By End User, 2022 34
- Figure 15 Benchmarking Of Major Competitors 36
- Figure 16 Major Strategy Adopted By Key Players In The Us Corporate Wellness Market 37
- Figure 17 Us Corporate Wellness Market: Competitive Landscape 38
- Figure 18 Major Players Sales, 2022 40
- Figure 19 Major Player R&D Expenditure, 2022 40
- Figure 20 Virgin Pulse.: Swot Analysis 42
- Figure 21 Limeade: Financial Overview Snapshot 44
- Figure 22 Limeade: Swot Analysis 45
- Figure 23 Wellable: Swot Analysis 50
- Figure 24 Vitality Group International, Inc: Swot Analysis 53
- Figure 25 Microsoft Corporation: Financial Overview Snapshot 55
- Figure 26 Microsoft Corporation: Swot Analysis 56
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