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.
Corporate Wellness Market Report Overview
The Corporate Wellness market report is a comprehensive analysis of the Corporate Wellness Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Corporate Wellness market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Corporate Wellness market.
Corporate Wellness Market Report Scope and Research Methodology
The report provides a detailed analysis of the Corporate Wellness market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Corporate Wellness market report.
Primary research involved interviews with key players in the Corporate Wellness industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Corporate Wellness market, as well as the opportunities and challenges facing the industry.
Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Corporate Wellness market, such as market size, trends, and regulations.
The report also includes a SWOT analysis of the Corporate Wellness industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.
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Corporate Wellness Market Dynamics
Corporate wellness programs are being actively used by businesses to lower healthcare costs for employees, decrease health concerns, and improve employee performance and wellbeing. Employers are becoming more aware of the need of keeping a physically and mentally healthy workforce. Consequently, companies have increased their investments in products, services, and employee wellness programs.
According to the United Healthcare Wellness Health check-up Survey 2019, US companies are expected to spend a total of more than USD 3.6 million on their individual wellness initiatives. The health and happiness of the employees have clearly been positively impacted by this large expenditure. Throughout the projected period, these variables indicate a consistent rise in the use of employee wellness programs.
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Corporate Wellness Market Regional Analysis
The report includes a detailed analysis of several key countries including Corporate Wellness market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:
North America (U.S., Canada, Mexico)
Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
South America (Brazil)
The Middle East and Africa
Corporate Wellness Market Segmentation
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
The global corporate wellness market is divided into three categories: organizations/employers, psychological therapists, and advisors on nutrition and fitness. With a 50.3% market share in 2021, the Organizations/employers category is anticipated to maintain its dominant position throughout the forecast period. The service providers offer both in-house and external health management services to both large and small businesses.
by End User
1.Small-scale organizations
2. Medium-scale organizations
3. Large-scale organizations
4. Other
The global corporate wellness market is divided into four segments based on the end-users: small-, medium-, large-, and others-scale businesses. In 2021, the segment with the biggest market share, large-scale businesses, accounted for 52.8%. Well-researched studies indicate that integrated management initiatives can yield a 3:1 rate of return. Services and programs can be included into the framework of larger businesses. Service contracts and corporate affiliations may be advantageous for small enterprises.
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Corporate Wellness Market Key Players
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
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Key Questions answered in the Corporate Wellness Market Report are:
- What is Corporate Wellness ?
- What was the Corporate Wellness Market size in 2022?
- What will be the CAGR of the Corporate Wellness market during the forecast period?
- Which region held the largest Corporate Wellness market share in 2022?
- What are the opportunities for the Corporate Wellness Market?
- What are the factors driving the Corporate Wellness market growth?
- What factors are hampering the Corporate Wellness market growth?
- Which company held the largest share in the Corporate Wellness market?
- What key trends are likely to emerge in the Corporate Wellness market in the coming years?
- What growth strategies are the players considering to increase their presence in Corporate Wellness Market?
Key offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis of segments and sub-segments
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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