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Corporate Wellness Market Trends

Report ID: GMI8337
Published Date: Feb 2024
Report Format: PDF

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Corporate Wellness Market Trends

Technological advancements are reshaping corporate wellness programs globally by offering more personalized, engaging, and effective solutions to improve employee well-being and productivity, anticipating to further propel the market size.

The health tech enables the development of highly personalized wellness plans through sophisticated data analysis, encompassing genetic analysis and profiling, lifestyle patterns, and individual health metrics. These programs significantly improve employee engagement in wellness initiatives. As a result, anticipating propelling the market for corporate wellness.
Additionally, the integration of wearable technology like fitness trackers, smartwatches, and smart clothing enables the tracking of various health metrics such as activity levels, sleep quality, and stress indicators. Incorporating this data into wellness programs facilitates more targeted health interventions and motivates employees toward healthier behaviors. This integration of technologies into wellness programs may encourage more employees and companies to adopt these programs, as a result, the market may see a significant growth.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of corporate wellness reached USD 67.8 billion in 2023 and is set to witness 5.7% CAGR from 2024 to 2032, owing to the rising adoption of wellness programs and the growing awareness regarding employee health and well-being.

The organizations/employers segment accounted for USD 38.4 billion in revenue in 2023, due the surging adoption of wellness programs by employers to accommodate the needs of remote workers.

North America market size was USD 25.3 billion in 2023, attributed to the growing recognition of the importance and adoption of behavioral and mental health software by industry players in the region.

Some of the top corporate wellness companies are Aduro, Castlight Health, Central Corporate Wellness, Cigna Healthcare, ComPsych Corporation, Corehealth Technologies Inc., Exos, Marino Wellness, Privia Health, SOL Integrative Wellness Centre, Truworth Wellness, Virgin Pulse, and Wellsource Inc.