CRI market research report

Corporate wellness Market—Forecast till 2027

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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.

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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.

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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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