Corporate Wellness Market: Segmented: By Source (Health Risk Assessment, Fitness, Smoking Cessation, Biometric Screening, Nutrition & Weight Management, Stress Management, Alcohol & Drug Abuse Services, And Others); By Category (Fitness & Nutrition Consultants, Psychological Therapists, And Organizations); , And Region – Global Analysis of Market Size, Share & Trends For 2019–2020 And Forecasts To 2031
[ 170 + Pages Research Report ] Corporate Wellness Market to surpass USD 12.3 billion by 2031 from USD 6.4 billion in 2021 at a CAGR of 8.9% in the coming years, i.e., 2021-31.
Product Overview
Corporate wellness is a program that supports employees and their families by incorporating various health activities into regular work activities to decrease health risks, improve quality of life, and increase productivity. Corporate Wellness programs address specific policies and interferences that address a variety of risk factors and health conditions, as well as plan strategies that may influence multiple organizational levels, such as individual employee behavior change, organizational culture, and worksite environment. Workplace wellness programs are an important aspect of any firm that uses a variety of tactics and treatments to improve the health of its employees.
Market Highlights
The corporate Wellness Market is expected to project a notable CAGR of 8.9% in 2031.
The escalating professional fight among employees to outperform their peers, produce on or before deadlines, reduce budgets, and increase sales are just a few reasons that contribute to employee stress. These variables induce mental health concerns and stress in employees, which has a negative impact on their health and productivity. Lack of job stability, juggling work, people issues, and overload are all important sources of stress, all these factors provide lucrative opportunities for global Corporate Wellness Market.
Global Corporate Wellness: Segments
Fitness & Nutrition Consultants segment to grow with the highest CAGR during 2021-31
Global Corporate Wellness Market is fragmented by category into Fitness & Nutrition Consultants, Psychological Therapists, and Organizations. Fitness and nutrition consultants are qualified nutritionists who provide health and diet advice to individuals, businesses, and public health agencies. The consultants examine the client's diet plan and recommend adjustments to the client's eating habits in order to reach health goals such as disease treatment and weight loss.
Health Risk Assessment segment to grow with the highest CAGR during 2021-31
Global Corporate Wellness market is segmented by source into Health Risk Assessment, Fitness, Smoking Cessation, Biometric Screening, Nutrition & Weight Management, Stress Management, Alcohol & Drug Abuse Services, and Others. Organizations can use health risk assessment services to learn about health trends affecting their workforce and track their progress year over year. A set of questions is used in health risk assessments to determine employee health and quality of life at work.
Market Dynamics
Drivers
Rising global stress
The escalating professional fight among employees to outperform their peers, produce on or before deadlines, reduce budgets, and increase sales are just a few reasons that contribute to employee stress. These variables induce mental health concerns and stress in employees, which has a negative impact on their health and productivity. Lack of job stability, juggling work, people issues, and overload are all important sources of stress, all these factor provide lucrative opportunities for global Corporate Wellness Market, according to Fatpos Global.
Early-onset of chronic diseases
The rising prevalence and early onset of chronic diseases, as well as lower employee healthcare expenditures, are driving market expansion. In today's work culture, most people do not have enough time after work or during their leisure time to engage in mental and physical activities, resulting in health issues. Chronic diseases are a major concern to the world's population, as the prevalence of many of these ailments is rising.
Restraint
High risk of data breaching
Healthcare data leaks are the latest craze among cybercriminals. Concerns about data privacy do not prohibit corporate wellness programmes. Employees who participate in wellness initiatives contribute personal information and health-related data. Furthermore, fitness trackers and other digital devices are more vulnerable to hacking due to they have limited data security protections and can be watched by cybercriminals. Corporate wellness providers, on the other hand, are more worried about their clients' personal and medical information, and are cooperating with cybersecurity firms to prevent data breaches.
Global Corporate Wellness: Key Players
ComPsych
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Wellness Corporate Solutions
Virgin Pulse
Provant Health Solutions
EXOS
Marino Wellness
Privia Health
Vitality Group
Wellsource, Inc.
Central Corporate Wellness
Truworth Wellness
Other Prominent Players
Global Corporate Wellness: Regions
Global Corporate Wellness market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America accounted for XX percent of the market in 2021, and the region is expected to grow at a CAGR of XX percent over the next decade. The Americas have recently dominated the worldwide corporate wellness market and are expected to do so again over the projected period. This can be ascribed to reasons such as high awareness for mental health and job stress, increasing popularity of workplace wellness, high healthcare expenditure, and the presence of the main players in the region.
Impact of Covid-19 on Corporate Wellness Market
The COVID-19, on the other hand, caused a financial catastrophe for the companies, resulting in a considerable number of layoffs. These businesses also seek to reduce operational and other costs associated with paying their employees' salaries. The subscription to the wellness programmes was also cancelled as a result of this. As a result, the COVID-19 epidemic had a mixed influence on the market.
Global Corporate Wellness is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Corporate Wellness report also contains analysis on:
Corporate Wellness Segments
By Source
Health Risk Assessment
Fitness
Smoking Cessation
Biometric Screening
Nutrition & Weight Management
Stress Management
Alcohol & Drug Abuse Services
Others
By Category
Fitness & Nutrition Consultants
Psychological Therapists
Organizations
Corporate Wellness Dynamics
Corporate Wellness Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Corporate Wellness Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 6.4 billion
Revenue forecast in 2031 USD 12.3 billion
Growth Rate CAGR of 8.9% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Source, Category, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled ComPsych, Wellness Corporate Solutions; Virgin Pulse, Provant Health Solutions, EXOS; Marino Wellness, Privia Health; Vitality Group, Wellsource, Inc., Central Corporate Wellness, Truworth Wellness, and SOL Wellness, Well Nation, ADURO, INC., Beacon Health Options, Fitbit, Inc. and Other Prominent Players
Product Overview
Corporate wellness is a program that supports employees and their families by incorporating various health activities into regular work activities to decrease health risks, improve quality of life, and increase productivity. Corporate Wellness programs address specific policies and interferences that address a variety of risk factors and health conditions, as well as plan strategies that may influence multiple organizational levels, such as individual employee behavior change, organizational culture, and worksite environment. Workplace wellness programs are an important aspect of any firm that uses a variety of tactics and treatments to improve the health of its employees.
Market Highlights
The corporate Wellness Market is expected to project a notable CAGR of 8.9% in 2031.
The escalating professional fight among employees to outperform their peers, produce on or before deadlines, reduce budgets, and increase sales are just a few reasons that contribute to employee stress. These variables induce mental health concerns and stress in employees, which has a negative impact on their health and productivity. Lack of job stability, juggling work, people issues, and overload are all important sources of stress, all these factors provide lucrative opportunities for global Corporate Wellness Market.
Global Corporate Wellness: Segments
Fitness & Nutrition Consultants segment to grow with the highest CAGR during 2021-31
Global Corporate Wellness Market is fragmented by category into Fitness & Nutrition Consultants, Psychological Therapists, and Organizations. Fitness and nutrition consultants are qualified nutritionists who provide health and diet advice to individuals, businesses, and public health agencies. The consultants examine the client's diet plan and recommend adjustments to the client's eating habits in order to reach health goals such as disease treatment and weight loss.
Health Risk Assessment segment to grow with the highest CAGR during 2021-31
Global Corporate Wellness market is segmented by source into Health Risk Assessment, Fitness, Smoking Cessation, Biometric Screening, Nutrition & Weight Management, Stress Management, Alcohol & Drug Abuse Services, and Others. Organizations can use health risk assessment services to learn about health trends affecting their workforce and track their progress year over year. A set of questions is used in health risk assessments to determine employee health and quality of life at work.
Market Dynamics
Drivers
Rising global stress
The escalating professional fight among employees to outperform their peers, produce on or before deadlines, reduce budgets, and increase sales are just a few reasons that contribute to employee stress. These variables induce mental health concerns and stress in employees, which has a negative impact on their health and productivity. Lack of job stability, juggling work, people issues, and overload are all important sources of stress, all these factor provide lucrative opportunities for global Corporate Wellness Market, according to Fatpos Global.
Early-onset of chronic diseases
The rising prevalence and early onset of chronic diseases, as well as lower employee healthcare expenditures, are driving market expansion. In today's work culture, most people do not have enough time after work or during their leisure time to engage in mental and physical activities, resulting in health issues. Chronic diseases are a major concern to the world's population, as the prevalence of many of these ailments is rising.
Restraint
High risk of data breaching
Healthcare data leaks are the latest craze among cybercriminals. Concerns about data privacy do not prohibit corporate wellness programmes. Employees who participate in wellness initiatives contribute personal information and health-related data. Furthermore, fitness trackers and other digital devices are more vulnerable to hacking due to they have limited data security protections and can be watched by cybercriminals. Corporate wellness providers, on the other hand, are more worried about their clients' personal and medical information, and are cooperating with cybersecurity firms to prevent data breaches.
Global Corporate Wellness: Key Players
ComPsych
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Wellness Corporate Solutions
Virgin Pulse
Provant Health Solutions
EXOS
Marino Wellness
Privia Health
Vitality Group
Wellsource, Inc.
Central Corporate Wellness
Truworth Wellness
Other Prominent Players
Global Corporate Wellness: Regions
Global Corporate Wellness market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America accounted for XX percent of the market in 2021, and the region is expected to grow at a CAGR of XX percent over the next decade. The Americas have recently dominated the worldwide corporate wellness market and are expected to do so again over the projected period. This can be ascribed to reasons such as high awareness for mental health and job stress, increasing popularity of workplace wellness, high healthcare expenditure, and the presence of the main players in the region.
Impact of Covid-19 on Corporate Wellness Market
The COVID-19, on the other hand, caused a financial catastrophe for the companies, resulting in a considerable number of layoffs. These businesses also seek to reduce operational and other costs associated with paying their employees' salaries. The subscription to the wellness programmes was also cancelled as a result of this. As a result, the COVID-19 epidemic had a mixed influence on the market.
Global Corporate Wellness is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Corporate Wellness report also contains analysis on:
Corporate Wellness Segments
By Source
Health Risk Assessment
Fitness
Smoking Cessation
Biometric Screening
Nutrition & Weight Management
Stress Management
Alcohol & Drug Abuse Services
Others
By Category
Fitness & Nutrition Consultants
Psychological Therapists
Organizations
Corporate Wellness Dynamics
Corporate Wellness Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Corporate Wellness Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 6.4 billion
Revenue forecast in 2031 USD 12.3 billion
Growth Rate CAGR of 8.9% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2031
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered
Source, Category, and Region
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled ComPsych, Wellness Corporate Solutions; Virgin Pulse, Provant Health Solutions, EXOS; Marino Wellness, Privia Health; Vitality Group, Wellsource, Inc., Central Corporate Wellness, Truworth Wellness, and SOL Wellness, Well Nation, ADURO, INC., Beacon Health Options, Fitbit, Inc. and Other Prominent Players
1. EXECUTIVE SUMMARY
2. GLOBAL CORPORATE WELLNESS MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL CORPORATE WELLNESS MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL CORPORATE WELLNESS MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12. GLOBAL CORPORATE WELLNESS MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Source: Market Share (2020-2031F)
12.2.1. Health Risk Assessment, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Fitness, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Smoking Cessation, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.4. Biometric Screening, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.5. Nutrition & Weight Management, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.6. Stress Management, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.7. Alcohol & Drug Abuse Services, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.8. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Category: Market Share (2020-2031F)
12.3.1. Fitness & Nutrition Consultants, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Psychological Therapists, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3. Organizations, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. ComPsych
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Wellness Corporate Solutions
13.3. Virgin Pulse
13.4. Provant Health Solutions
13.5. EXOS
13.6. Marino Wellness
13.7. Privia Health
13.8. Vitality Group
13.9. Wellsource, Inc.
13.10. Central Corporate Wellness
13.11. Truworth Wellness
13.12. Other Prominent Players
14 CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
2. GLOBAL CORPORATE WELLNESS MARKET
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. RESEARCH METHODOLOGY
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. AVERAGE PRICING ANALYSIS
5. MACRO-ECONOMIC INDICATORS
6. MARKET DYNAMICS
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. CORRELATION & REGRESSION ANALYSIS
7.1. Correlation Matrix
7.2. Regression Matrix
8. RECENT DEVELOPMENT, POLICIES & REGULATORY LANDSCAPE
9. RISK ANALYSIS
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. GLOBAL CORPORATE WELLNESS MARKET ANALYSIS
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. GLOBAL CORPORATE WELLNESS MARKET
11.1. Market Size & forecast, 2020A-2031F
11.1.1. By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
11.1.2. By Volume (Million Units) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12. GLOBAL CORPORATE WELLNESS MARKET: MARKET SEGMENTATION
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2. By Source: Market Share (2020-2031F)
12.2.1. Health Risk Assessment, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.2. Fitness, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.3. Smoking Cessation, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.4. Biometric Screening, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.5. Nutrition & Weight Management, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.6. Stress Management, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.7. Alcohol & Drug Abuse Services, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.2.8. Others, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3. By Category: Market Share (2020-2031F)
12.3.1. Fitness & Nutrition Consultants, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.2. Psychological Therapists, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
12.3.3. Organizations, By Value (USD Million) 2020-2031F; Y-o-Y Growth (%) 2021-2031F
13 COMPANY PROFILE
13.1. ComPsych
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. Wellness Corporate Solutions
13.3. Virgin Pulse
13.4. Provant Health Solutions
13.5. EXOS
13.6. Marino Wellness
13.7. Privia Health
13.8. Vitality Group
13.9. Wellsource, Inc.
13.10. Central Corporate Wellness
13.11. Truworth Wellness
13.12. Other Prominent Players
14 CONSULTANT RECOMMENDATION
**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
