Description
Corporate wellness Market—Forecast till 2027
Market Forecast
The global corporate wellness market is anticipated to register a healthy CAGR of 8.37% during the review period to surpass USD 104,190.23 Million by 2027. Corporate wellness is a program that is intended to help representatives and their families advance a sound work environment by consolidating different well-being exercises inside the day-to-day work reduce to well-being chances, working on personal satisfaction, and upgrade efficiency. The rising reception of wearable advancements and wellness exercises and expanding persistent illnesses among corporate representatives are expected to propel the global market during the review period.
The development of the global corporate wellness market is ascribed to the rising interest in emotional well-being and stress the board programs, rising reception of wearable advances and wellness exercises, and expanding ongoing sicknesses among corporate workers. Notwithstanding, the worries about representative’s information break go about as a limiting variable for the market development. Then again, centered around focusing on worker wellbeing and prosperity in the developing business sector gives worthwhile open doors to players working in the global corporate wellness market.
Market Segmentation
Global Corporate Wellness Market segmentation comprises service, category, and end-users.
The Service segment categorizes the global market into Health risk assessment, Fitness, Smoking cessation, Biometric screening, Nutrition & weight management, Stress management, Alcohol & drug abuse services, and other services.
Based on the category the global corporate wellness market is classified into Fitness & nutrition consultants, psychological therapists, and Organizations. Based on End Users the market is classified into Small-scale organizations, Medium-scale organizations, and Large-scale organizations.
Regional Analysis
The global corporate wellness market is segmented based on four regions namely the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to dominate the global market during the review period having the largest market share in 2020. The regional market growth is attributed to the growing awareness of mental health and work stress, the rising popularity of corporate wellness, high healthcare expenditure, and the existence of the major market players.
Europe is expected to witness significant market expansion during the review period owing to the growing awareness of mental health, high healthcare expenditure, growing incidences of chronic diseases, and rising government initiatives for corporate wellness in the region. The Asia-Pacific is the fastest-growing market of corporate wellness market with the accelerating healthcare sector and the growing opportunities for healthcare development in the market. Additionally, due to rising globalization Asia has registered the fastest market expansion. The Middle East & Africa is expected to attain steady market expansion owing to the existence of major market players during the review period. The regional market growth is attributed to the growing government and insurer initiatives to promote wellness of the worker population, increasing the prevalence of chronic disease, and shifting focus onto employee satisfaction and engagement.
Major Players
The prominent players in the global corporate wellness market include ComPsych Corporation (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), Sodexo (France), Vitality Group International, Inc. (US), among others.
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY
2.2 RESEARCH OBJECTIVE
2.3 MARKET STRUCTURE
2.4 ASSUMPTIONS & LIMITATIONS
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 BREAKDOWN OF PRIMARY RESPONDENTS
3.5 FORECASTING TECHNIQUES
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION
3.6.1 BOTTOM-UP APPROACH
3.6.2 TOP-DOWN APPROACH
3.7 DATA TRIANGULATION
3.8 VALIDATION
4 MARKET DYNAMICS
4.1 OVERVIEW
4.2 DRIVERS
4.2.1 INCREASING INVESTMENT IN MENTAL HEALTH AND STRESS MANAGEMENT PROGRAMS
4.2.2 RISING ADOPTION OF WEARABLE TECHNOLOGIES AND FITNESS ACTIVITIES
4.2.3 INCREASING CHRONIC DISEASES AMONG CORPORATE EMPLOYEES
4.3 RESTRAINT
4.3.1 CONCERNS PERTAINING TO EMPLOYEE’S DATA BREACH
4.4 OPPORTUNITY
4.4.1 INCREASING FOCUS ON EMPLOYEE HEALTH AND WELLBEING IN EMERGING MARKET
5 MARKET FACTOR ANALYSIS
5.1 VALUE CHAIN ANALYSIS
5.1.1 CUSTOMER ACQUISITION (PREPURCHASE QUERY)
5.1.2 SERVICE CUSTOMIZATION
5.1.3 CUSTOMER PURCHASE SUPPORT
5.1.4 CUSTOMER FULFILMENT & POST-PURCHASE SUPPORT
5.2 PORTER’S FIVE FORCES MODEL
5.2.1 BARGAINING POWER OF BUYERS
5.2.2 BARGAINING POWER OF SUPPLIERS
5.2.3 THREAT OF NEW ENTRANTS
5.2.4 THREAT OF SUBSTITUTES
5.2.5 INTENSITY OF RIVALRY
5.3 IMPACT OF COVID-19
5.3.1 IMPACT ON CORPORATE WELLNESS PROGRAMS
5.3.2 IMPACT ON DEMAND
5.3.3 IMPACT ON EMPLOYEE HEALTHCARE COSTS
6 GLOBAL CORPORATE WELLNESS MARKET, BY SERVICE
6.1 OVERVIEW
6.2 HEALTH RISK ASSESSMENT
6.3 FITNESS
6.4 SMOKING CESSATION
6.5 BIOMETRIC SCREENING
6.6 NUTRITION & WEIGHT MANAGEMENT
6.7 STRESS MANAGEMENT
6.8 ALCOHOL & DRUG ABUSE SERVICES
6.9 OTHER SERVICES
7 GLOBAL CORPORATE WELLNESS MARKET, BY CATEGORY
7.1 OVERVIEW
7.2 FITNESS & NUTRITION CONSULTANTS
7.3 PSYCHOLOGICAL THERAPISTS
7.4 ORGANIZATIONS
8 GLOBAL CORPORATE WELLNESS MARKET, BY END USER
8.1 OVERVIEW
8.2 SMALL-SCALE ORGANIZATIONS
8.3 MEDIUM-SCALE ORGANIZATIONS
8.4 LARGE-SCALE ORGANIZATIONS
9 GLOBAL CORPORATE WELLNESS MARKET, BY REGION
9.1 OVERVIEW
9.2 AMERICAS
9.2.1 NORTH AMERICA
9.2.1.1 US
9.2.1.2 CANADA
9.2.2 LATIN AMERICA
9.3 EUROPE
9.3.1 WESTERN EUROPE
9.3.1.1 GERMANY
9.3.1.2 FRANCE
9.3.1.3 UK
9.3.1.4 ITALY
9.3.1.5 SPAIN
9.3.1.6 REST OF WESTERN EUROPE
9.3.2 EASTERN EUROPE
9.4 ASIA-PACIFIC
9.4.1 JAPAN
9.4.2 CHINA
9.4.3 INDIA
9.4.4 AUSTRALIA
9.4.5 SOUTH KOREA
9.4.6 REST OF ASIA-PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST
9.5.2 AFRICA
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE BENCHMARKING
10.3 MAJOR GROWTH STRATEGY IN THE GLOBAL CORPORATE WELLNESS MARKET
10.4 THE LEADING PLAYER IN TERMS OF THE NUMBER OF DEVELOPMENTS IN THE GLOBAL CORPORATE WELLNESS MARKET
10.5 KEY DEVELOPMENT ANALYSIS
10.6 KEY DEVELOPMENTS & GROWTH STRATEGIES
10.6.1 PRODUCT LAUNCH/PRODUCT APPROVAL
10.6.2 PARTNERSHIP/AGREEMENT
10.7 FINANCIAL MATRIX
10.7.1 SALES (USD MILLION), 2020
11 COMPANY PROFILES
11.1 COMPSYCH CORPORATION
11.1.1 COMPANY OVERVIEW
11.1.2 FINANCIAL OVERVIEW
11.1.3 PRODUCTS/SERVICES OFFERED
11.1.4 KEY DEVELOPMENTS
11.1.5 SWOT ANALYSIS
11.1.6 KEY STRATEGIES
11.2 WELLNESS CORPORATE SOLUTIONS
11.2.1 COMPANY OVERVIEW
11.2.2 FINANCIAL OVERVIEW
11.2.3 PRODUCTS/SERVICES OFFERED
11.2.4 KEY DEVELOPMENTS
11.2.5 SWOT ANALYSIS
11.2.6 KEY STRATEGIES
11.3 UNITEDHEALTH GROUP
11.3.1 COMPANY OVERVIEW
11.3.2 FINANCIAL OVERVIEW
11.3.3 PRODUCTS/SERVICES OFFERED
11.3.4 KEY DEVELOPMENTS
11.3.5 SWOT ANALYSIS
11.3.6 KEY STRATEGIES
11.4 VIRGIN PULSE
11.4.1 COMPANY OVERVIEW
11.4.2 FINANCIAL OVERVIEW
11.4.3 PRODUCTS/SERVICES OFFERED
11.4.4 KEY DEVELOPMENTS
11.4.5 SWOT ANALYSIS
11.4.6 KEY STRATEGIES
11.5 QUEST DIAGNOSTICS
11.5.1 COMPANY OVERVIEW
11.5.2 FINANCIAL OVERVIEW
11.5.3 PRODUCTS/SERVICES OFFERED
11.5.4 KEY DEVELOPMENTS
11.5.5 SWOT ANALYSIS
11.5.6 KEY STRATEGIES
11.6 EXOS
11.6.1 COMPANY OVERVIEW
11.6.2 FINANCIAL OVERVIEW
11.6.3 PRODUCTS/SERVICES OFFERED
11.6.4 KEY DEVELOPMENTS
11.6.5 SWOT ANALYSIS
11.6.6 KEY STRATEGIES
11.7 PRIVIA HEALTH
11.7.1 COMPANY OVERVIEW
11.7.2 FINANCIAL OVERVIEW
11.7.3 PRODUCTS/SERVICES OFFERED
11.7.4 KEY DEVELOPMENTS
11.7.5 SWOT ANALYSIS
11.7.6 KEY STRATEGIES
11.8 CENTRAL CORPORATE WELLNESS
11.8.1 COMPANY OVERVIEW
11.8.2 FINANCIAL OVERVIEW
11.8.3 PRODUCTS/SERVICES OFFERED
11.8.4 KEY DEVELOPMENTS
11.8.5 SWOT ANALYSIS
11.8.6 KEY STRATEGIES
11.9 SODEXO
11.9.1 COMPANY OVERVIEW
11.9.2 FINANCIAL OVERVIEW
11.9.3 PRODUCTS/SERVICES OFFERED
11.9.4 KEY DEVELOPMENTS
11.9.5 SWOT ANALYSIS
11.9.6 KEY STRATEGIES
11.10 VITALITY GROUP INTERNATIONAL, INC.
11.10.1 COMPANY OVERVIEW
11.10.2 FINANCIAL OVERVIEW
11.10.3 PRODUCTS/SERVICES OFFERED
11.10.4 KEY DEVELOPMENTS
11.10.5 SWOT ANALYSIS
11.10.6 KEY STRATEGIES
12 APPENDIX
12.1 REFERENCES
12.2 RELATED REPORTS
Companies Mentioned
ComPsych Corporation (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), Sodexo (France), Vitality Group International, Inc. (US), among others
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