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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 - 2034

  • PUBLISHED ON
  • 2024-04-13
  • 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 2034, 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 2034

USD 119.11Million

CAGR % 2024-2034

7.1%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

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 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

The Corporate Wellness Market is dominated by a few large companies, such as

·         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 (2024 - 2034)

1.2.2. Global Corporate Wellness Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. SERVICE of Global Corporate Wellness Market

1.3.2. Category of Global Corporate Wellness Market

1.3.3. Delivery Model of Global Corporate Wellness Market

1.3.4. End-use of Global Corporate Wellness Market

1.3.5. 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 - 2034)

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 2034

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 2034

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 2034

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 2034

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 2034

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 – 2034)

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 – 2034)

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 – 2034)

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 – 2034)

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 – 2034)

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, 2034

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

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
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  • Monitor client satisfaction
  • Monitor realized value post-project

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).

Solution

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

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


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.

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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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