Corporate wellness often refers to the employment of a number of programmes by corporations to promote the health and well-being of their workforce. It includes efforts, regulations, and other benefits targeted at enhancing health and increasing productivity. There are options for weight loss, exercise, nutrition and nutritional therapies, stress management activities, health exams, and cigarette cessation sessions. Nap rooms, wearable medical trackers, gym memberships, yoga lessons, and meditation sessions are also offered by large and medium-sized organisations. Employee retention, recruiting, company culture, and workplace culture are all aided by these activities.
Global Corporate Wellness Market Overview:
The Global Corporate Wellness Market is expected to expand rapidly during the projected period, owing to factors such as rising Global Corporate Wellness demand, expanding Global Corporate Wellness technology usage, and rising disposable incomes among consumers. However, the market confronts problems such as increased competition from replacement products and regulatory obstacles.
Key Insights:
Global Corporate Wellness Market size was valued at US$ 60.55 Bn in 2022 and the total revenue is expected to grow at 7.1 % through 2023 to 2029, reaching nearly US$ 97.87 Bn.
The market research examines the size, share, trends, total profits, gross revenue, and profit margin of the Global Corporate Wellness market. The study employs a SWOT analysis to determine the strengths and weaknesses of significant market competitors. The report's expert views will keep investors up to date on the latest market trends. Furthermore, the research will present critical information on the leading industry players in the Global Corporate Wellness market, including company biographies, product images and specifications, production capacity, pricing, costs, revenue, and contact information. The study will look at regional as well as company-specific market trends, volume, and value.
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Global Corporate Wellness Market Drivers:
Several factors drive the Global Corporate Wellness market's growth, including advancements in the Global Corporate Wellness industry and both organic and inorganic growth methods. Companies in the Global Corporate Wellness markets are projected to capitalise on favourable growth possibilities in the future as demand rises.
According to the Health Resources and Services Administration, the number of adult psychiatrists in the United States is anticipated to fall by 20% by 2030. The decline in the number of new professionals entering these professions contributes to the shortage. The shortage of mental health professionals is much greater in underdeveloped countries. In India, for example, there are just 0.75 psychiatrists per 100,000 people. Because of the paucity of adequately qualified individuals, developing and implementing effective, holistic workplace wellness programmes is difficult, which may impede market growth.
Global Corporate Wellness Market Segmentation:
The study will include a full market segmentation that will allow for a more in-depth understanding of customer preferences and wants. Market segmentation makes it easier to discover and cater to unique consumer needs, resulting in increased competition.
by Service
1. Fitness
2. Health risk assessment
3. Health screening
4. Nutrition and weight management
5. Smoking cessation
6. Stress management
7. Others
by Category
1. Fitness and nutrition consultants
2. Organizations/employers
3. Psychological therapists
by End User
1.Small-scale organizations
2. Medium-scale organizations
3. Large-scale organizations
4. Other
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Key Players:
The study will examine major trends in the Global Corporate Wellness market, with an emphasis on both organic and inorganic growth tactics used by individual companies. Product developments, approvals, patents, and events are examples of organic growth methods, whereas acquisitions, partnerships, and collaborations are examples of inorganic
1. ComPsych
2. Wellness Corporate Solutions
3. Virgin Pulse
4. Provant Health Solutions
5. EXOS
6. Marino Wellness
7. Privia Health
8. Vitality Group
9. Wellsource, Inc.
10. Central Corporate Wellness
11. Truworth Wellness
12. SOL Wellness
13. Well Nation
14. ADURO, INC.
15. Beacon Health Options
16. Fitbit, Inc.
17. Aptora
18. Alyfe Wellbeing Strategies
19. Burner Fitness
20. Sodexo Group
21. MediKeeper
22. Rival Health
Table of Content:
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
1.3. Research Objectives
2. Assumptions and Research Methodology
2.1. Report Assumptions
2.2. Abbreviations
2.3. Research Methodology
2.3.1. Secondary Research
2.3.1.1. Secondary data
2.3.1.2. Secondary Sources
2.3.2. Primary Research
2.3.2.1. Data from Primary Sources
2.3.2.2. Breakdown of Primary Sources
3. Executive Summary: Global Corporate Wellness Market Size, by Market Value (US$ Bn )
4. Market Overview
4.1. Introduction
4.2. Market Indicator
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. Porter’s Analysis
4.4. Value Chain Analysis
4.5. Market Risk Analysis
4.6. SWOT Analysis
4.7. Industry Trends and Emerging Technologies
COVID-19 Impact Analysis on Global Corporate Wellness Market:
The research will also involve an in-depth examination of the influence of the COVID-19 epidemic on consumer behaviour as well as an examination of industry trends. It will investigate how industries must adapt their tactics in the post-pandemic age to satisfy shifting market needs.
Conclusion: The conclusive findings of the research will provide significant insights for Global Corporate Wellness market organisations, aiding them in adapting to the "new normal" and constructing a bright future. The paper will discuss the implications of the COVID-19 pandemic on the Global Corporate Wellness market, including increasing demand for Global Corporate Wellness items as a result of shifting consumer preferences.
Key Questions Answered in the Global Corporate Wellness Market Report are:
- Market potential: What is the total addressable market for Global Corporate Wellness ? What is the current market size? What is the expected growth rate for the market over the next few years?
- Regional market: Which regional market is expected to lead the Global Corporate Wellness market in the next few years? What are the factors driving growth in these regions?
- Application category: Which application category is expected to see the most rapid growth in the Global Corporate Wellness market? What are the factors driving growth in this category?
- Development opportunities: What are the key development opportunities for the Global Corporate Wellness sector in the next few years? What are the trends that are driving these opportunities?
- Future challenges: What are the most important future challenges that the Global Corporate Wellness market may face? How can businesses mitigate these challenges?
- Market leaders: Who are the leading companies in the Global Corporate Wellness segment? What are their strengths and weaknesses?
- Positive trends: What are the primary trends that are positively affecting market growth? How can businesses capitalize on these trends?
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