Corporate wellness programmes are designed and implemented in corporate workplaces to help employees better understand their health risks, engage in healthy workplace behaviour, and save money on healthcare. Corporates are progressively using these programmes in order to boost productivity, reduce absenteeism, and boost employee morale and quality of work. Globally rising prevalence of obesity, overweight, smoking, and other lifestyle disorders, as well as a growing number of white-collar workers and private sector capex, are propelling the corporate wellness market forward.
MARKET SCOPE
The Global Corporate Wellness Market Analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the corporate wellness market with detailed market segmentation by service, category and end user. The report provides key statistics on the market status of the leading corporate wellness market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service the market is segmented as, Health Risk Assessment, Fitness Services, Smoking Cessation, Health Screening, Nutrition and Weight Management, Stress Management, Alcohol and Drug Abuse Services, Health Education Services, Others.
- Based on category the market is segmented as, Fitness and Nutrition Consultants, Psychological Therapists, Organizations/Employers.
- Based on end user the market is segmented as, Small-scale Organizations, Medium-scale Organizations, Large-scale Organizations.
MARKET DYNAMICS
Drivers:
- Rising adoptions of corporate wellness programs to promote wellbeing of employees.
- Rising prevalence pf obesity and lifestyle related disorders.
- Adoption of technology powered corporate wellness solutions to maintain work life balance.
- Corporate offices arrange such program to keep their employess both physically and mentally healthy along with reduce healthcare costs.
Restraints:
- However, dearth of skilled licenced professionals is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The corporate wellness market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the corporate wellness market in these regions.
IMPACT OF COVID-19 ON CORPORATE WELLNESS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the corporate wellness market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from corporate wellness market are anticipated to lucrative growth opportunities in the future with the rising demand for Corporate wellness in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the corporate wellness market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Wellness Corporate Solutions
- Well Nation
- Virgin Pulse
- ComPsych Corporation
- Aduro
- Beacon Health Options
- EXOS
- Fitbit, Inc
- LifeWorks, Inc
- Central Corporate Wellness