Corporate Wellness Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3984
Corporate wellness market size is expected to grow significantly from 2019 to 2025.
Growing awareness and adoption of corporate wellness programs accelerates the corporate wellness market growth. Introduction to such programs are designed to support and encourage a holistic approach to employee wellbeing by creating an organizational culture of health. Additionally, benefits offered by wellness programs include improved health outcomes, increased productivity and boosts employee engagement. For instance, UK based BetterSpace program is introduced to improve and protect employee’s mental health in all possible conditions. Thus, above-mentioned factors proves beneficial for the corporate wellness industry growth.
Different chronic diseases are preventable and can implement a holistic approach to corporate wellness programs will propel the corporate wellness market growth. These programs conduct an influential way to educate employees on the importance of creating healthy habits including wellness goals among others is projected to drive the demand for corporate wellness programs. Furthermore, wellness programs act as a stress management to overcome from various mental illness and other chronic diseases. Accessibility and availability of these programs in many companies for maintaining employee health including Google, Accenture, and Microsoft among others should foster business growth. However, slow adoption of wellness programs in many companies may hamper the corporate wellness market growth during the forecast timeline.
Nutrition and weight management segment is anticipated to witness robust growth during the analysis period. Several companies offer a real time assessment of employee health data for better health management and outcomes. Availability of healthcare apps provide actual and specific data that further augments the segmental growth.
Fitness and nutrition consultants’ segment will show considerable growth over the forthcoming years owing to increasing awareness regarding secured healthcare. Healthcare consultants deliver various components including medication, exercise, nutrition along with character strength and behavioral health. Numerous programs offer diversified solutions depending upon individual health status thereby enhances segmental growth.
Large-scale organizations will witness substantial growth during the analysis timeframe. Several organizations invest huge amount in health screening services for better employee care. Moreover, large scale organizations can incorporate services and programs into company’s infrastructure that further accelerates the segmental growth.
Asia Pacific corporate wellness industry will account for lucrative revenue share by 2025 owing to increasing awareness regarding corporate wellness programs. Furthermore, increasing number of working professionals along with high adoption for such programs fosters the regional growth. Moreover, increasing initiatives for securing and maintaining employee mental health developing economies further boosts the regional growth.
Prominent business players operating in corporate wellness market share include EXOS, Wellness Corporate Solutions, ComPsych, Provant Health Solutions, Virgin Pulse, Marino Wellness, Vitality Group, Wellsource and Central Corporate Wellness. Foremost business players operating in this industry adopt various strategies to compete in the market over other players should foster the industry growth. For instance, in 2018, a new program was introduced known as InsideOut25 aimed at mental health. Introduction of such programs for securing mental health proves beneficial for the industry growth.
Corporate Wellness Market By Service, 2014-2025 (USD Million)
- Health risk assessment
- Health screening
- Nutrition and weight management
- Smoking cessation
- Stress management
Corporate Wellness Market By Category, 2014-2025 (USD Million)
- Fitness and nutrition consultants
- Psychological therapists
Corporate Wellness Market By End-use, 2014-2025 (USD Million)
- Small-scale organizations
- Medium-scale organizations
- Large-scale organizations
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Central Corporate Wellness
- Marino Wellness
- Privia Health
- Provant Health Solutions
- Virgin Pulse
- Vitality Group
- Wellness Corporate Solutions
- Wellsource, Inc.
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