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Corporate Wellness Market Insights, Business Strategies, Regional Outlook, Challenges and Analysis Through 2030

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Corporate Wellness Market Insights, Business Strategies, Regional Outlook, Challenges and Analysis Through 2030

January 04
11:40 2022
Corporate Wellness Market Insights, Business Strategies, Regional Outlook, Challenges and Analysis Through 2030
Geographically, North America held the largest share in the corporate wellness industry in 2020 due to an increase in the prevalence of cardiovascular illnesses as a result of the sedentary lifestyle and poor diet.

The global corporate wellness market revenue stood at $51 billion in 2020, and it is expected to rise to $100 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 7% from 2020 to 2030. The market is being driven by the rising focus of people on health and wellbeing, increasing incidence of chronic diseases, because of work stress and long working hours, and employees increasingly seeking various wellness perks from companies.

As per the World Health Organization (WHO), in 2016, more than 1.9 billion people aged 18 years and above were overweight and more than 650 million people were obese globally. Owing to sedentary lifestyles and lack of physical activity, the prevalence of obesity is increasing rapidly. As per a study conducted by the National Library of Medicine under the U.S.’s National Institutes of Health, one out of every three individuals across the world suffer from various chronic diseases. Additionally, the growing awareness about health and wellbeing among the youth is also expected to propel the corporate wellness market to new heights.

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Depending on service type, the market is classified into fitness, health screening, health risk assessment, nutrition and weight management, stress management, and smoking cessation. Out of these, the health risk assessment category held the largest share in the market in the years gone by. Health risk assessment, also popularly known as health and wellbeing assessment or health risk appraisal, is a typical screening tool, which is generally used as the initial step in multi-component health promotion programs at various workplaces around the world.

When end-user is taken into consideration, the corporate wellness market is categorized into large-scale organizations, medium-scale organizations, and small-scale organizations. Out of these, the large-scale organizations category contributed the highest revenue to the market in the past. Owing to their larger workforces, these companies are compelled to implement corporate wellness programs. Moreover, these companies are secure and strong financially and thus, they can easily make huge investments in corporate wellness programs.

Browse detailed report on Global Corporate Wellness Market Size, Share, Growth and Demand Forecast to 2030

Across the globe, the North American region dominated the corporate wellness market in the past. This was because of the high incidence of cardiovascular diseases, owing to poor eating habits and sedentary lifestyles of people in the region. Additionally, employers in the region are rapidly launching various wellness initiatives to mitigate health issues among employees, which is also fueling the expansion of the regional market. In recent years, the players operating in the industry, such as ComPsych Corporation, Well Nation, Athletes’ Performance Inc., Provant Health Solutions LLC, Fitbit Inc., Beacon Health Options Inc., and Truworth Health Technologies Pvt. Ltd., have focused on partnerships in order to augment their revenue.

Thus, it can be said without hesitation that the market will register rapid expansion in the coming years, mainly because of the rising incidence of chronic diseases, owing to long working hours and sedentary lifestyles of people, and growing public awareness about the significance of corporate wellness programs at workplaces.

Corporate Wellness Market Size Breakdown by Segment

By Service Type

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

By End User

  • Small-Scale Organizations
  • Medium-Scale Organizations
  • Large-Scale Organizations

By Region

  • North America Corporate Wellness Market
    • By service type
    • By end user
    • By country – U.S. and Canada
  • Europe Corporate Wellness Market
    • By service type
    • By end user
    • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
  • Asia-Pacific Corporate Wellness Market
    • By service type
    • By end user
    • By country – Japan, China, India, Australia, South Korea,Taiwan, and Rest of APAC
  • Latin America Corporate Wellness Market
    • By service type
    • By end user
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa Corporate Wellness Market
    • By service type
    • By end user
    • By country – U.A.E, Saudi Arabia, South Africa, and Rest of MEA

Market Segment Analysis of Countries

  • U.S. Corporate Wellness Market
  •  
    • By service type
    • By end user
  • Canada Corporate Wellness Market
    • By service type
    • By end user
  • Germany Corporate Wellness Market
    • By service type
    • By end user
  • France Corporate Wellness Market
    • By service type
    • By end user
  • U.K. Corporate Wellness Market
    • By service type
    • By end user
  • Italy Corporate Wellness Market
    • By service type
    • By end user
  • Spain Corporate Wellness Market
    • By service type
    • By end user
  • Japan Corporate Wellness Market
    • By service type
    • By end user
  • China Corporate Wellness Market
    • By service type
    • By end user
  • India Corporate Wellness Market
    • By service type
    • By end user
  • Australia Corporate Wellness Market
    • By service type
    • By end user
  • South Korea Corporate Wellness Market
    • By service type
    • By end user
  • Brazil Corporate Wellness Market
    • By service type
    • By end user
  • Mexico Corporate Wellness Market
    • By service type
    • By end user
  • Saudi Arabia Corporate Wellness Market
    • By service type
    • By end user
  • South Africa Corporate Wellness Market
    • By service type
    • By end user

Browse Other Related Reports

Healthcare Insurance Market – Geographically, the healthcare insurance market would demonstrate the highest growth rate in the Asia-Pacific region in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India.

Telemedicine Market – According to P&S Intelligence, North America dominated the telemedicine market in the preceding years, and it will retain its dominance in the forthcoming years as well. This is credited to the increasing geriatric population, mounting government funding and grants for telemedicine, and rising cases of lifestyle-associated and chronic diseases in the region.

Media Contact
Company Name: P&S Intelligence
Contact Person: Abhishek
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Phone: +918887787886
Address:Noida Sector 2
City: Noida
State: UP
Country: India
Website: https://www.psmarketresearch.com/market-analysis/corporate-wellness-market-outlook

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