image

Report Scope & Overview:

The Corporate Wellness Market Size was valued at USD 61.11 billion in 2022 and is projected to reach USD 109.81 billion in 2030, with a growing of CAGR of 7.6% during the forecast period 2023-2030.

Rising employer adoption of corporate wellness programmes, the growing uptake of technology-powered corporate wellness, and a significant burden of chronic lifestyle diseases and mental health in companies are driving growth in the corporate wellness market.

Corporate Wellness Market Revenue Analysis

To get more information on Corporate Wellness Market - Request Free Sample Report

A corporate wellness programme is essentially a programme for the employees of a company or organisation. It is critical because the majority of employees in a company may suffer from various diseases such as hypertension, depression, and so on, and with the help of these programmes, these diseases can be prevented or reduced to a minimum, allowing employees to spend less money on health care and take fewer sick days, resulting in maximum productivity.

Chronic diseases such as lung diseases, cancer, and diabetes, among others, are predicted to become more prevalent in younger age groups, as well as poor eating habits, increasing the expansion of the corporate wellness market.

Market Dynamics

Key Drivers

  • Helps to reduce mental health problems and stress in employees.

  • the use of self-care challenges, meditation challenges, breathing challenges and walking challenges to deal with stressful conditions.

Restraints

  • Hackers are increasingly targeting healthcare data.

  • Employees who participate in wellness initiatives contribute personal information and health-related data.

Opportunities

  • In order to promote better workplace resilience, companies in developing nations have begun to prioritise cultivating employee wellness.

  • Employee wellbeing perks such as free online therapy sessions and meditation apps are provided to improve their physical, emotional, and financial well-being.

  • The increased focus on employee health and wellbeing is projected.

Challenges

  • Corporate wellness programmes must be tailored to the interests and changing needs of the workforce

  • Many companies provide cash incentives to encourage employee participation.

Impact of COVID-19 Analysis

Employees were cut off from the formal environment because to the pandemic. The shift in global working culture from physical presence to virtual availability prompted market companies to improve their products to meet the changing needs of their customers. Corporate wellness providers are being urged to use communication and digital technologies such as cloud applications, online platforms, and remote networking as a result of the virus outbreak. Virtual workouts and activities are taking advantage of the remote connection by wellness service providers. Furthermore, on the social network, corporate wellness service and solution providers organise social events and group workouts. Companies like Wellness Corporate Solutions (US), for example, have changed their service delivery model to include onsite screening support. Stay at work and return to work are two new screening service products that the company has launched. However, the COVID-19 triggered a financial crisis 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, the COVID-19 epidemic had a mixed influence on the market.

Key Market Segmentation

By Service

  • Health Risk Assessment

  • Fitness

  • Smoking Cessation

  • Health Screening

  • Nutrition & Weight Management

  • Stress Management

  • Others

By End-Use

  • Small-scale Organizations

  • Medium-scale Organizations

  • Large-scale Organization

By Category

  • Fitness & Nutrition Consultants

  • Psychological Therapists

  • Organizations

By Delivery Model

  • Onsite

  • Offsite

Corporate Wellness Market Segmentation Analysis

Need any customization research on Corporate Wellness Market - Enquiry Now

By Service

Screening activities to detect health concerns and appropriate interventional techniques to promote a healthy lifestyle among employees are the mainstays of corporate wellness programmes.

By Category

Around 83% of firms that provide employee well-being services choose to examine their employees' health risks. Wellness Corporate announced the WCS Analytics Plus platform, which includes an interactive data dashboard that allows companies to plan and implement healthy activities that contribute to more productive workplaces.

By End Use

Corporate wellness programmes can aid in the detection of many ailments. Health screening programmes are undertaken on a regular basis to monitor health, promote preventative care, and lower treatment costs. Corporate wellness programmes that concentrate on these illnesses can help to minimise disease burden and the overall cost of healthcare premiums paid by the business to any insurance provider. Although lockdown and office closures have caused a huge number of employees to migrate to work-from-home models, it is still critical that employees have access to and continue to use wellness services at work.

By Delivery

The service providers provide both in-house and outsourced health management services to large and small businesses. On-site fitness, which includes yoga and meditation, is becoming increasingly popular.

To fulfil the health needs of employees and their families, several companies have restructured or introduced perks and insurance plans. Because to COVID-19, service providers are educating employees on the negative aspects of working from home.

Regional Analysis:

The nations shrouded in the corporate wellbeing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a piece of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as a component of South America.

North America overwhelms the corporate wellbeing market during the conjecture time frame attributable to the expanded mindfulness in regards to the corporate health inside the district is supposed to observe fast development in the estimated time of 2022 to 2030. Asia-Pacific, then again, is supposed to show a worthwhile development because of a rising number of working individuals and developing information about worker wellbeing the board inside the previously mentioned figure time frame.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Key Players

The Major players are ComPsych, Wellness Corporate Solutions, Virgin Pulse, Provant Health Solutions, EXOS, Marino Wellness, Privia Health, Vitality Group, Wellsource, Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness, Well Nation, ADURO, INC., Beacon Health Options, Fitbit, Inc., and Other Players

Wellness Corporate Solutions-Company Financial Analysis

Corporate Wellness Market Report Scope:
Report Attributes Details
Market Size in 2022  US$ 61.11 Billion
Market Size by 2030  US$ 109.81 Billion
CAGR  CAGR of 7.6% From 2023 to 2030
Base Year  2022
Forecast Period  2023-2030
Historical Data  2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, Others)
• By End-Use (Small-scale Organizations, Medium-scale Organizations, Large-scale Organization)
• By Category (Fitness & Nutrition Consultants, Psychological Therapists, Organizations)
• By Delivery Model (Onsite, Offsite)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles ComPsych, Wellness Corporate Solutions, Virgin Pulse, Provant Health Solutions, EXOS, Marino Wellness, Privia Health, Vitality Group, Wellsource, Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness, Well Nation, ADURO, INC., Beacon Health Options, Fitbit, Inc.
DRIVING FACTORS • Helps to reduce mental health problems and stress in employees.
• The use of self-care challenges, meditation challenges, breathing challenges and walking challenges to deal with stressful conditions.
Restraints • Hackers are increasingly targeting healthcare data.
• Employees who participate in wellness initiatives contribute personal information and health-related data.

Frequently Asked Questions

Ans: The Corporate Wellness Market size is estimated to reach US$ 109.81 billion in 2030.

Ans: The Corporate Wellness Market is to grow at a CAGR of 7.6% over the forecast period 2023-2030.

North America overwhelms the corporate well-being market during the conjecture time.

Growing employee wellness preferences, availability of wellness providers, and increasing employer spending are all propelling the corporate wellness sector forward.

Hackers are increasingly targeting healthcare data as the primary restraint of corporate wellness.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

8. Global Corporate Wellness Market Segmentation, By Service

8.1 Health Risk Assessment

8.2 Fitness

8.3 Smoking Cessation

8.4 Health Screening

8.5 Nutrition & Weight Management

8.6 Stress Management

8.7 Others

9. Global Corporate Wellness Market Segmentation, By End-Use

9.1 Small-scale Organizations

9.2 Medium-scale Organizations

9.3 Large-scale Organization

10. Global Corporate Wellness Market Segmentation, By Category

10.1 Fitness & Nutrition Consultants

10.2 Psychological Therapists

10.3 Organizations

11.Global Corporate Wellness Market Segmentation, By Delivery Model

11.1 Onsite

11.2 Offsite

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2  Canada

12.2.3  Mexico

12.3     Europe

12.3.1  Germany

12.3.2  UK

12.3.3  France

12.3.4  Italy

12.3.5  Spain

12.3.6  The Netherlands

12.3.7  Rest of Europe

12.4     Asia-Pacific

12.4.1  Japan

12.4.2  South Korea

12.4.3  China

12.4.4  India

12.4.5  Australia

12.4.6  Rest of Asia-Pacific

12.5     The Middle East & Africa

12.5.1  Israel

12.5.2  UAE

12.5.3  South Africa

12.5.4  Rest

12.6     Latin America

12.6.1  Brazil

12.6.2  Argentina

12.6.3  Rest of Latin America

13.Company Profiles

13.1 ComPsych.

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

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 SOL Wellness

13.13 Well Nation

13.14 \ADURO, INC.

13.15 Beacon Health Options

13.6 Fitbit, Inc.

14 Competitive Landscape

14.1 Competitive Benchmarking

14.2 Market Share Analysis

14.3 Recent Developments

15. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Start a Conversation

Hi! Click one of our member below to chat on Phone