Workplace stress is the harmful emotional and physical response that occurs due to disputes between employee job demands and the amount of control an employee has over meeting them. Therefore, the combination of high demands in work and a low level of control over the situation can result in stress. Stress causes a considerable loss of productivity, physical & emotional well-being and disrupts the work-life balance. Hence, stress management at the workplace has become an essential aspect of health care.
MARKET SCOPE
The "Global Workplace Stress Management 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 workplace stress management market with detailed market segmentation by service, delivery mode, activity, end user, and geography. The report provides key statistics on the market status of the leading workplace stress management market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on service, the global workplace stress management market is segmented into stress management, yoga & meditation, resilience training, progress tracking metrics and others.
- Based on delivery mode, the market is segmented into individual counselors, personal fitness trainers, meditation specialists and others.
- On the basis of activity, the market is bifurcated into indoor and outdoor.
- On the basis of end-users, the market is bifurcated into small scale organizations, medium scale organizations, large scale organizations, NGO and public sector.
MARKET DYNAMICS
Drivers:
- Increase in the competition in the workplace wellness industry.
- Rise in awareness of stress management among employers.
- Growing employee wellness services.
- Growing emphasis on health and safety regulations.
- Increase in yoga and other health-related practices popularity.
Restraints:
- Shortage of skilled counselors.
- Lack of awareness regarding workplace stress management in developing countries.
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 workplace stress management 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 workplace stress management market in these regions.
IMPACT OF COVID-19 ON WORKPLACE STRESS MANAGEMENT MARKET
COVID-19 initially began in Wuhan (China) in December 2019, and till now, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. Moreover, due to imposed lockdown and restrictive measures, disruptions were caused across the supply chain, trade, and business that impacted the market growth. Various companies were downsizing their employees in an effort to cut costs. This caused a negative impact on the workplace stress management market. The pandemic worsened the widespread and largely unaddressed mental health problem in the workplace, negatively impacting physical health, mental well-being, and workplace productivity. Therefore, the above-mentioned factors are expected to affect the growth of the market during the forecast period.
MARKET PLAYERS
The report covers key developments in the workplace stress management 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from workplace stress management market are anticipated to have lucrative growth opportunities in the future with the rising demand for workplace stress management in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the workplace stress management 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.
- Compsych Corporation
- Curalinc Healthcare
- CVS Health Corporation.
- Fitbit, Inc.
- Marino Wellness
- Wellness Corporate Solutions
- Wellsource, Inc.
- Truworth Wellness
- Asset Health, Inc.
- Vitality Works