Corporate Wellness Market Analysis By Service (Fitness, Health Risk Assessment, Health Screening, Smoking Cessation, Stress Management, Nutrition & Weight Management, and Others),By Category, By Delivery Model, By End-use and by Region: Global Forecast, 2024 - 2033
- PUBLISHED ON
- 2022-08-04
- NO OF PAGES
- 251
- CATEGORY
- Healthcare & Life Sciences
Market Overview
The Corporate Wellness market is predicted to develop at a compound annual growth rate (CAGR) of 7.1% from 2024 to 2033, when it is projected to reach USD 119.11 Million, based on an average growth pattern. The market is estimated to reach a value of USD 59.32 Million in 2024.
SOURCE: We Market Research
The term
Corporate Wellness describes the policies and procedures that businesses put in
place to support the health and happiness of their workers. These programs
usually include a range of tools and activities designed to enhance overall
lifestyle choices, mental health, and physical fitness. Fitness challenges,
dietary instruction, stress management seminars, and access to counseling
services are examples of common components. Enhancing employee productivity,
morale, and satisfaction while lowering absenteeism and healthcare costs for
the employer are the main objectives of corporate wellness. Organizations that
prioritize employee wellness build a supportive environment that leads to a
happier, more engaged staff, which eventually boosts long-term business
performance.
A number of
factors targeted at enhancing organizational performance and employee
well-being are driving the corporate wellness market. Companies invest in
wellness programs and other preventive steps in response to rising healthcare
costs, which lowers long-term costs. Furthermore, a greater understanding of
mental health concerns motivates businesses to offer stress management and
emotional support tools. Businesses understand how important it is to draw in
and keep top people, and they use health programs to their advantage.
Government incentives and restrictions encourage businesses to put employee
health first even more. In general, the market for corporate wellness is driven
by a mix of employee-focused programs, cost-cutting strategies, and regulatory
demands, all of which are intended to promote happier, more efficient workplaces.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 59.32 Million |
|
Market Forecast in 2033 |
USD 119.11Million |
|
CAGR % 2024-2033 |
7.1% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2033 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
By Service, By Category, By Delivery Model, By End-use and By
Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Corporate Wellness Industry: Dynamics & Restrains
Market opportunity:
We Market Research: Corporate Wellness Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Corporate Wellness Market Segmentation
Market- By Service Analysis
By Service, the Corporate Wellness Market is Categories into Fitness, Health Risk Assessment, Health Screening, Smoking Cessation, Stress Management, Nutrition & Weight Management, and Others. The Health Risk Assessment segment accounts for the largest share of around 27% in 2024.
Health Risk Assessment is driven by
employers focus on preventive healthcare, aiming to identify potential health
risks early, reduce healthcare costs, and improve employee well-being.
The
following segments are part of an in-depth analysis of the global Corporate
Wellness market:
|
Market Segments |
|
|
By Category |
·
Psychological Therapists ·
Fitness & Nutrition
Consultants ·
Organizations/Employers |
|
By Delivery Model |
·
Offsite ·
Onsite |
|
By End-use |
·
Large Scale Organizations ·
Medium Scale Organizations ·
Small Scale Organizations |
Corporate Wellness Industry: Regional Analysis
North America Market Forecast
North America dominate the Corporate Wellness Market with the highest revenue generating market with share of more than 43%. The corporate wellness market in North America thrives due to the abundance of established wellness companies offering comprehensive programs. Employers take a proactive approach, recognizing the benefits of promoting employee health. These initiatives range from fitness memberships to mental health support, driving market growth in the region.
Europe Market Statistics
Europe's
corporate wellness market benefits from increasing awareness of the importance
of employee well-being. Government support and well-established healthcare
systems further propel growth. Employers in countries like the UK, Germany, and
France offer a variety of wellness initiatives, contributing to the market's
steady expansion.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Corporate Wellness
market during the forecast period. In the Asia Pacific region, rising
healthcare costs and evolving lifestyles drive the demand for corporate
wellness programs. Employers prioritize engagement and retention, leading to
the adoption of initiatives such as fitness facilities and nutrition
counseling. This trend fuels the market's rapid growth across countries like
China, India, and Australia.
Key Market Players
·
Wellness Corporate Solutions
·
ComPsych
·
Provant Health Solutions
·
Beacon Health Options
·
Virgin Pulse
·
Marino Wellness
·
EXOS
·
Vitality Group
·
Privia Health
·
Well Nation
·
Fitbit, Inc.
·
Central Corporate Wellness
· Other
1.
Global
Corporate Wellness Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Corporate Wellness Market
Scope and Market Estimation
1.2.1. Global Corporate Wellness Overall
Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)
1.2.2. Global Corporate Wellness Market
Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033
1.3. Market Segmentation
1.3.1. Component of Global Corporate
Wellness Market
1.3.2. Technology of Global Corporate
Wellness Market
1.3.3. Delivery Model of Global Corporate
Wellness Market
1.3.4. Region of Global Corporate
Wellness Market
2.
Executive Summary
2.1. Global Corporate Wellness Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Corporate Wellness Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Pricing Trends Analysis &
Average Selling Prices (ASPs)
2.4. Key Mergers & Acquisitions,
Expansions, JVs, Funding / VCs, etc.
2.5. Porter’s Five Forces Analysis
2.5.1. Bargaining Power of Suppliers
2.5.2. Bargaining Power of Buyers
2.5.3. Threat of Substitutes
2.5.4. Threat of New Entrants
2.5.5. Competitive Rivalry
2.6. Value Chain / Ecosystem Analysis
2.7. Russia-Ukraine War Impacts
Analysis
2.8. Economic Downturn Analysis
2.9. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Corporate Wellness Market Estimates & Historical Trend Analysis (2019 -
2022)
4.
Global Corporate Wellness Market Estimates & Forecast Trend Analysis, by
SERVICE
4.1. Global Corporate Wellness Market
Revenue (US$ Mn) Estimates and Forecasts, by SERVICE, 2019 to 2033
4.1.1. Fitness
4.1.2. Health Risk Assessment
4.1.3. Health Screening
4.1.4. Smoking Cessation
4.1.5. Stress Management
4.1.6. Nutrition & Weight Management
4.1.7. Others
5.
Global Corporate Wellness Market Estimates & Forecast Trend Analysis, by
Category
5.1. Global Corporate Wellness Market
Revenue (US$ Mn) Estimates and Forecasts, by Category, 2019 to 2033
5.1.1. Psychological Therapists
5.1.2. Fitness & Nutrition
Consultants
5.1.3. Organizations/Employers
6.
Global Corporate Wellness Market Estimates & Forecast Trend Analysis, by
Delivery Model
6.1. Global Corporate Wellness Market
Revenue (US$ Mn) Estimates and Forecasts, by Delivery Model,
2019 to 2033
6.1.1. Offsite
6.1.2. Onsite
7.
Global Corporate Wellness Market Estimates & Forecast Trend Analysis, by
END-USE
7.1. Global Corporate Wellness Market
Revenue (US$ Mn) Estimates and Forecasts, by Delivery Model,
2019 to 2033
7.1.1. Large Scale Organizations
7.1.2. Medium Scale Organizations
7.1.3. Small Scale Organizations
8.
Global Corporate Wellness Market Estimates & Forecast Trend Analysis,
by Region
8.1. Global Corporate Wellness Market
Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Middle East & Africa
8.1.5. South America
9.
North
America Corporate Wellness Market: Estimates & Forecast Trend Analysis
9.1.
North
America Corporate Wellness Market Assessments & Key Findings
9.1.1. North America Corporate Wellness
Market Introduction
9.1.2. North America Corporate Wellness
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
9.1.2.1. By SERVICE
9.1.2.2. By Category
9.1.2.3. By Delivery Model
9.1.2.4. By END-USE
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Europe Corporate
Wellness Market: Estimates &
Forecast Trend Analysis
10.1. Europe Corporate Wellness Market
Assessments & Key Findings
10.1.1. Europe Corporate Wellness Market
Introduction
10.1.2. Europe Corporate Wellness Market
Size Estimates and Forecast (US$ Million) (2019 – 2033)
10.1.2.1. By SERVICE
10.1.2.2. By Category
10.1.2.3. By Delivery Model
10.1.2.4. By END-USE
10.1.2.5. By Country
10.1.2.5.1. Germany
10.1.2.5.2. U.K.
10.1.2.5.3. France
10.1.2.5.4. Italy
10.1.2.5.5. Spain
10.1.2.5.6. Russia
10.1.2.5.7. Rest of Europe
11. Asia Pacific Corporate
Wellness Market: Estimates &
Forecast Trend Analysis
11.1. Asia Pacific Market Assessments
& Key Findings
11.1.1. Asia Pacific Corporate Wellness
Market Introduction
11.1.2. Asia Pacific Corporate Wellness
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
11.1.2.1. By SERVICE
11.1.2.2. By Category
11.1.2.3. By Delivery Model
11.1.2.4. By END-USE
11.1.2.5. By Country
11.1.2.5.1. China
11.1.2.5.2. Japan
11.1.2.5.3. India
11.1.2.5.4. Australia
11.1.2.5.5. South Korea
11.1.2.5.6. ASEAN
11.1.2.5.7. Rest of Asia Pacific
12. Middle East & Africa Corporate
Wellness Market: Estimates &
Forecast Trend Analysis
12.1. Middle East & Africa Market
Assessments & Key Findings
12.1.1. Middle
East & Africa Corporate
Wellness Market Introduction
12.1.2. Middle
East & Africa Corporate
Wellness Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
12.1.2.1. By SERVICE
12.1.2.2. By Category
12.1.2.3. By Delivery Model
12.1.2.4. By END-USE
12.1.2.5. By Country
12.1.2.5.1. U.A.E.
12.1.2.5.2. Saudi Arabia
12.1.2.5.3. Egypt
12.1.2.5.4. South Africa
12.1.2.5.5. Rest of Middle East & Africa
13. South America
Corporate Wellness Market: Estimates
& Forecast Trend Analysis
13.1. South America Market Assessments
& Key Findings
13.1.1. South America Corporate Wellness
Market Introduction
13.1.2. South America Corporate Wellness
Market Size Estimates and Forecast (US$ Million) (2019 – 2033)
13.1.2.1. By SERVICE
13.1.2.2. By Category
13.1.2.3. By Delivery Model
13.1.2.4. By END-USE
13.1.2.5. By Country
13.1.2.5.1. Brazil
13.1.2.5.2. Argentina
13.1.2.5.3. Colombia
13.1.2.5.4. Rest of South America
14. Competition Landscape
14.1. Global Corporate Wellness Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
14.2. Global Corporate Wellness Market
Competition White Space Analysis, By Delivery Model
14.3. Global Corporate Wellness Market
Competition Heat Map Analysis, By Delivery Model
14.4. Global Corporate Wellness Market
Concentration & Company Market Shares (%) Analysis, 2022
15. Company Profiles
15.1.
Wellness Corporate Solutions
15.1.1. Company Overview & Key Stats
15.1.2. Financial Performance & KPIs
15.1.3. Product Portfolio
15.1.4. Business Strategy & Recent
Developments
* Similar details would be provided
for all the players mentioned below
15.2. ComPsych
15.3. Provant Health
Solutions
15.4. Beacon Health
Options
15.5. Virgin Pulse
15.6. Marino
Wellness
15.7. EXOS
15.8. Vitality Group
15.9. Privia Health
15.10. Central
Corporate Wellness
15.11. Well Nation
15.12. Fitbit, Inc.
15.13. Other
16. Research
Methodology
16.1. External Transportations /
Databases
16.2. Internal Proprietary Database
16.3. Primary Research
16.4. Secondary Research
16.5. Assumptions
16.6. Limitations
16.7. Report FAQs
17. Research Findings & Conclusion
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
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The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
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Market Estimates and Forecast
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Case Study- ICT Sector
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Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size of Corporate Wellness Market in 2024?
Corporate Wellness Market was valued at USD 59.32 Million in 2024.
What is the growth rate for the Corporate Wellness Market?
Corporate Wellness Market size will increase at approximate CAGR of 7.1% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Corporate Wellness Market Are Wellness Corporate Solutions, ComPsych, Provant Health Solutions, Beacon Health Options, Virgin Pulse, Marino Wellness, EXOS, Vitality Group, Privia Health, Central Corporate Wellness, Well Nation, Fitbit, Inc. and Other.
Which region dominates the Corporate Wellness Market?
North America dominates the market with an active share of 43%.
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