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Corporate Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 147 pages | ID: CD423A63878CEN
IMARC Group

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The global corporate wellness market size reached US$ 61.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028. An increasing number of organizations prioritizing employee satisfaction, rising focus of companies to decrease operational costs and increase employee efficiency, and the growing work stress represent some of the key factors driving the market.

Corporate wellness refers to a program designed for businesses to promote a holistic approach and create a healthy work environment for their employees. It comprises various procedures and methods, such as financial planning sessions, productivity enhancement activities, smoking cessation programs, nutrition assistance, fitness improvement plans, and health insurance benefits. It is customized according to the requirements of companies and assists in reducing the impacts of absenteeism and medical premiums on the productivity of employees. Corporate wellness also encourages employees to lead an active lifestyle by making proactive and practical choices. It increases job satisfaction levels, uplifts employee morale, and reduces work stress. It enables organizations to improve their return on investment (ROI) by maintaining their existing workforce and saving expenses on hiring new candidates. It assists in attracting competent and talented individuals into the company workforce and increases employee participation in various office activities. Furthermore, corporate wellness helps companies to increase their profits and maintain their reputation.

Corporate Wellness Market Trends:
At present, the increasing demand for corporate wellness programs among organizations to decrease overall operational costs and increase employee efficiency represents one of the primary factors influencing the market positively. In addition, the rising number of corporate companies prioritizing employee satisfaction by providing an inclusive work environment and adequate appraisals and training, upskilling, and mentoring staff is propelling the growth of the market. Besides, there is an increase in the occurrence of various chronic disorders due to sedentary lifestyle habits and the consumption of unhealthy diets. This, coupled with the growing work stress levels in staff, is offering a favorable market outlook. Additionally, the increasing competition in the workplace to perform properly and avoid layoffs is contributing to the growth of the market. Apart from this, the rising utilization of corporate wellness programs by companies to generate healthy behavioral traits in staff, which include maintaining a proper sleep schedule, consuming appropriate nutrients, leading an active life, quitting smoking, and reducing drinking habits, is supporting the market growth. Moreover, key market players are introducing corporate wellness programs with personalized solutions for effective outcomes, which is bolstering growth of the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global corporate wellness market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on service, category, delivery and organization size.

Service Insights:

Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition and Weight Management
Stress Management
Others

The report has provided a detailed breakup and analysis of the corporate wellness market based on the service. This includes health risk assessment, fitness, smoking cessation, health screening, nutrition and weight management, stress management, and others. According to the report, health risk assessment accounted for the largest market share.

Category Insights:

Fitness and Nutrition Consultants
Psychological Therapists
Organizations/Employers

A detailed breakup and analysis of the corporate wellness market based on the category has also been provided in the report. This includes fitness and nutrition consultants, psychological therapists, and organizations/employers. According to the report, organizations/employers accounted for the largest market share.

Delivery Insights:

Onsite
Offsite

A detailed breakup and analysis of the corporate wellness market based on the delivery has also been provided in the report. This includes onsite and offsite. According to the report, onsite accounted for the largest market share.

Organization Size Insights:

Small Scale Organizations
Medium Scale Organizations
Large Scale Organizations

A detailed breakup and analysis of the corporate wellness market based on the organization size has also been provided in the report. This includes small scale organizations, medium scale organizations, and large scale organizations. According to the report, large scale organizations accounted for the largest market share.

Regional Insights:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, North America was the largest market for corporate wellness. Some of the factors driving the North America corporate wellness market included the increasing organizational awareness about employee wellbeing, rising health-consciousness among the masses, the growing utilization of technology-based corporate wellness systems, etc.

Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global corporate wellness market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Central Corporate Wellness, ComPsych Corporation, Exos Works, Inc., Marino Wellness LLC, Privia Health, Provant Health Solutions, LLC, SOL Wellness LLC, Truworth Health Technologies Pvt. Ltd., Virgin Pulse, Vitality Health, Wellness Corporate Solutions LLC, and Wellsource Inc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global corporate wellness market in 2022?
2. What is the expected growth rate of the global corporate wellness market during 2023-2028?
3. What are the key factors driving the global corporate wellness market?
4. What has been the impact of COVID-19 on the global corporate wellness market?
5. What is the breakup of the global corporate wellness market based on the service?
6. What is the breakup of the global corporate wellness market based on the category?
7. What is the breakup of the global corporate wellness market based on delivery?
8. What is the breakup of the global corporate wellness market based on the organization size?
9. What are the key regions in the global corporate wellness market?
10. Who are the key players/companies in the global corporate wellness market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL CORPORATE WELLNESS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY SERVICE

6.1 Health Risk Assessment
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Fitness
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Smoking Cessation
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Health Screening
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Nutrition and Weight Management
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6 Stress Management
  6.6.1 Market Trends
  6.6.2 Market Forecast
6.7 Others
  6.7.1 Market Trends
  6.7.2 Market Forecast

7 MARKET BREAKUP BY CATEGORY

7.1 Fitness and Nutrition Consultants
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Psychological Therapists
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Organizations/Employers
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY DELIVERY

8.1 Onsite
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Offsite
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY ORGANIZATION SIZE

9.1 Small Scale Organizations
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Medium Scale Organizations
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Large Scale Organizations
  9.3.1 Market Trends
  9.3.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia-Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 PRICE ANALYSIS

15 COMPETITIVE LANDSCAPE

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
  15.3.1 Central Corporate Wellness
    15.3.1.1 Company Overview
    15.3.1.2 Product Portfolio
  15.3.2 ComPsych
    15.3.2.1 Company Overview
    15.3.2.2 Product Portfolio
  15.3.3 EXOS
    15.3.3.1 Company Overview
    15.3.3.2 Product Portfolio
  15.3.4 Marino Wellness
    15.3.4.1 Company Overview
    15.3.4.2 Product Portfolio
  15.3.5 Privia Health
    15.3.5.1 Company Overview
    15.3.5.2 Product Portfolio
  15.3.6 Provant Health Solutions
    15.3.6.1 Company Overview
    15.3.6.2 Product Portfolio
  15.3.7 SOL Wellness
    15.3.7.1 Company Overview
    15.3.7.2 Product Portfolio
  15.3.8 Truworth Health Technologies Pvt. Ltd.
    15.3.8.1 Company Overview
    15.3.8.2 Product Portfolio
  15.3.9 Virgin Pulse
    15.3.9.1 Company Overview
    15.3.9.2 Product Portfolio
  15.3.10 Vitality
    15.3.10.1 Company Overview
    15.3.10.2 Product Portfolio
  15.3.11 Wellness Corporate Solutions LLC
    15.3.11.1 Company Overview
    15.3.11.2 Product Portfolio
  15.3.12 Wellsource Inc.
    15.3.12.1 Company Overview
    15.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Corporate Wellness Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Corporate Wellness Market Forecast: Breakup by Service (in Million US$), 2023-2028
Table 3: Global: Corporate Wellness Market Forecast: Breakup by Category (in Million US$), 2023-2028
Table 4: Global: Corporate Wellness Market Forecast: Breakup by Delivery (in Million US$), 2023-2028
Table 5: Global: Corporate Wellness Market Forecast: Breakup by Organization Size (in Million US$), 2023-2028
Table 6: Global: Corporate Wellness Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Corporate Wellness Market: Competitive Structure
Table 8: Global: Corporate Wellness Market: Key Players

LIST OF FIGURES

Figure 1: Global: Corporate Wellness Market: Major Drivers and Challenges
Figure 2: Global: Corporate Wellness Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Corporate Wellness Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Corporate Wellness Market: Breakup by Service (in %), 2022
Figure 5: Global: Corporate Wellness Market: Breakup by Category (in %), 2022
Figure 6: Global: Corporate Wellness Market: Breakup by Delivery (in %), 2022
Figure 7: Global: Corporate Wellness Market: Breakup by Organization Size (in %), 2022
Figure 8: Global: Corporate Wellness Market: Breakup by Region (in %), 2022
Figure 9: Global: Corporate Wellness (Health Risk Assessment) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Corporate Wellness (Health Risk Assessment) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Corporate Wellness (Fitness) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Corporate Wellness (Fitness) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Corporate Wellness (Smoking Cessation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Corporate Wellness (Smoking Cessation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Corporate Wellness (Health Screening) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Corporate Wellness (Health Screening) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Corporate Wellness (Nutrition and Weight Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Corporate Wellness (Nutrition and Weight Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Corporate Wellness (Stress Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Corporate Wellness (Stress Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Corporate Wellness (Other Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Corporate Wellness (Other Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Corporate Wellness (Fitness and Nutrition Consultants) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Corporate Wellness (Fitness and Nutrition Consultants) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Corporate Wellness (Psychological Therapists) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Corporate Wellness (Psychological Therapists) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Corporate Wellness (Organizations/Employers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Corporate Wellness (Organizations/Employers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Corporate Wellness (Onsite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Corporate Wellness (Onsite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Corporate Wellness (Offsite) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Corporate Wellness (Offsite) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Corporate Wellness (Small Scale Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Corporate Wellness (Small Scale Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Corporate Wellness (Medium Scale Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Corporate Wellness (Medium Scale Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Corporate Wellness (Large Scale Organizations) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Corporate Wellness (Large Scale Organizations) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Corporate Wellness Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Corporate Wellness Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Corporate Wellness Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Corporate Wellness Industry: SWOT Analysis
Figure 89: Global: Corporate Wellness Industry: Value Chain Analysis
Figure 90: Global: Corporate Wellness Industry: Porter's Five Forces Analysis


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