The report of global Corporate Wellness market by Service (Fitness, Health risk assessment, Health screening, Nutrition and weight management, Smoking cessation, Stress management, Others), Category (Fitness and nutrition consultants, Organizations/employers, Psychological therapists), End-use (Small-scale organizations, Medium-scale organizations, Large-scale organizations, Others), and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 8.5% during a forecast period.
As per the scope, corporate wellness refers to initiatives that are intended to help and encourage a holistic approach to employee wellbeing by making an organizational culture of health. Also, advantages provided by wellness programs contain improved productivity, enhanced health outcomes, and boosts employee engagement. The global corporate wellness market is driven by rising awareness regarding employee health and wellbeing. Several businesses and enterprises in different industry verticals have started executing wellness programs for their workers, are boosting the demand for corporate wellness solutions in the coming years. However, the slow adoption of wellness programs in many companies is restraining the market growth at the global level.
The fitness and nutrition consultants segment is expected to grow at the highest XX% CAGR during the forecast period.
The trend of on-site fitness that contains yoga and meditation are becoming popular. Thus, the fitness and nutrition consultants’ segment is expected to witness a growth rate of XX% during the forecast period owing to increasing awareness regarding secured healthcare. Healthcare consultants offer various components including exercise, nutrition coupled with character strength and behavioral health. Many programs provide various solutions dependent upon individual health status, thereby augments segmental growth.
North America dominated the Corporate Wellness market in 2019
In 2019, North America held the XX% share of the corporate wellness market and is expected to maintain its dominance during the forecast period thanks to the presence of corporate wellness providers, changing lifestyles along with the growing incidence of chronic diseases, increasing expenditure on healthcare, and rising adoption of wellness activities in the US and Canada. In terms of both value and volume, the Asia Pacific region will record a significant CAGR of XX% during the forecasted period owing to the growing awareness about corporate wellness programs. Also, the rising number of working professionals coupled with high adoption for such programs raises regional growth.
Key players operating the global Corporate Wellness market are Central Corporate WellnessComPsych, EXOS, Marino Wellness, Privia Health, Provant Health Solutions, Virgin Pulse, Vitality Group, Wellness Corporate Solutions, Wellsource, Inc., SOL Wellness, Truworth Health Technologies Pvt. Ltd, Sodexo Group, and Bupa Wellness Pty Ltd
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Corporate Wellness Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Corporate Wellness Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Corporate Wellness Market positioning of competitors.
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