Corporate Wellness Market Research Report Information by Service (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), by End User (Small-Scale Organizations, Medium-Scale Organizations, and Large-Scale Organizations), and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa)—Forecast till 2030

The corporate wellness market was valued at USD 59.4 billion in 2021 and is expected to reach USD 111.4 billion by 2030 at 8.5% CAGR during the forecast period of 2022 to 2030.

The corporate wellness market involves services, programs, and initiatives aimed at improving the health and well-being of employees within organizations. Employers recognize the importance of keeping their workforce healthy and engaged, as it can lead to increased productivity, reduced healthcare costs, and improved employee morale.

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Market Dynamics

Rising professional competition among employees is one source of stress. So is the need to meet ever-tightening deadlines while keeping costs down and increasing sales. Employees’ mental health and stress are negatively impacted due to these variables, which in turn reduces productivity.

Investment in digital mental health and stress management programs, expanding acceptance of wearable technology and fitness activities, and rising rates of chronic diseases among corporate personnel all contribute to the expansion of the corporate wellness industry. More and more businesses are implementing wellness challenges to help their employees cope with stress, such as self-care challenges, meditation challenges, breathing challenges, and walking challenges. This has led to a surge in interest in comprehensive wellness programs for the workplace, which aim to inform workers of the value of establishing and maintaining healthy routines.

The personnel were cut off from the corporate world as a result of the epidemic. In response to the shift from on-site to remote employment, established businesses in the industry have improved their services to meet the needs of their customers. In addition, suppliers of corporate wellness services and solutions are using the network to host social gatherings and group exercises. Thus, the providers of health and wellness services are capitalizing on this trend by offering clients the opportunity to participate in virtual workouts and activities.

Market Segmentation

By Service, the market has been segmented into Health Risk Assessment, Fitness, Smoking Cessation, Biometric Screening, Nutrition & Weight Management, Stress Management, Alcohol & Drug Abuse Services, and Others.

By Category, the market has been segmented into Fitness & Nutrition Consultants, Psychological Therapists, and Organizations.

By End User, the market has been segmented into Small-Scale Organizations, Medium-Scale Organizations, and Large-Scale Organizations.

Competitive Dynamics

The key players of the market are ComPsych Corporation (US), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Sodexo (France), and Vitality Group International, Inc. (US).

Regional Analysis

In the recent past, the Americas dominated the global market for corporate wellness, and this trend is expected to continue during the forecast period. This can be attributed to factors such as heightened awareness for mental health and work stress, the growing popularity of workplace wellness, high healthcare expenditures, and the presence of the industry’s prominent participants in the region.

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Europe is anticipated to experience significant growth over the forecast period as a result of rising awareness for mental health, high healthcare expenditures, the rising prevalence of chronic diseases, and expanding government initiatives in the region. Increasing numbers of corporate wellness start-ups also contribute to the market’s expansion.

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The Asia-Pacific region is the fastest-growing market for corporate wellness as a result of the rapidly evolving healthcare sector and the prevalence of enormous growth opportunities. Asia has one of the largest labor forces. Asia has experienced an accelerated economic expansion in recent years as a result of globalization.

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