Corporate Wellness Market

Corporate wellness programs are conducted in corporate offices to keep employees healthy, both physically and mentally. Currently, corporate wellness programs are largely adopted by employers to promote employee health, to reduce health-related costs, and to increase the productivity and quality of work. Corporate wellness programs vary in services and activities. Some programs are largely adopted by employers including smoking cessation program to help employees to quit habit of smoking, nutrition and weight management program to help employees to manage their weight and nutrition intake, stress management program to reduce stress from employees’ life, and fitness programs to keep employees fit and active.

Market Dynamics

High prevalence of smoking, obesity, and overweight is expected to be a major factor increasing demand for corporate wellness programs. Therefore employers are adopting corporate wellness programs, in order to make their employees healthy, reduce health care costs, and increase employee’s productivity. For instance, according to the data published by Centers for Disease Control and Prevention (CDC), in 2016, around 15.5% of the U.S. adults smoke cigarettes, which is around 37.8 million adults.

In corporate offices, an employee works around 9 hours, and during this time period, most employees sit continuously and are physically inactive. Hence, such physical inactivity can lead to rise in prevalence of lifestyle diseases such as diabetes, blood pressure, and others. Hence, increasing prevalence of such lifestyle diseases can increase demand for corporate wellness programs by employers to reduce absenteeism, increase work productivity, and improve employee morale. For instance, according to the data published by Centers for Disease Control and Prevention (CDC), in 2017, in the U.S., 30.2 million adults aged 18 years and above (around 12.2% of all the U.S. adults) were suffering from diabetes, in which type-2 diabetes accounted for 90% to 95% of all diabetes cases.

However, low adoption rate of corporate wellness by small scale corporate offices and new startups in emerging economies such as India and Africa is expected to be a major factor restraining the global corporate wellness market growth. Furthermore, low participation of employees in corporate wellness programs is also expected to hamper the global corporate wellness market growth.

Key features of the study:

• This report provides in-depth analysis of the global corporate wellness market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
• It profiles key players in the global corporate wellness market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans

• Key companies covered as a part of this study include Wellness Corporate Solutions, ComPsych Corporation, United Health Group, Sodexo, BupaWellness Pty Ltd., Recovre Group, Central Corporate Wellness, Truworth Wellness, CXA Group Pte. Limited, SOL Wellness, ComPsych Corporation, Virgin Pulse, Inc., Interactive Health, Inc., and ConneXions Asia
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics.

• The global corporate wellness market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the corporate wellness market

Detailed Segmentation:

• Global Corporate Wellness Market, By Service:
  • Health Risk Assessment
  • Fitness
  • Smoking Cessation
  • Health Screening
  • Nutrition & Weight Management
  • Stress Management
  • Others
• Global Corporate Wellness Market, By End User:
  • Small-scale Organizations
  • Medium-scale Organizations
  • Large-scale Organizations
• Global Corporate Wellness Market, By Region:
  • North America
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country:
      • U.S.
      • Canada
  • Latin America
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country:
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
  • Europe
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country:
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
  • Asia Pacific
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country:
      • China
      • India
      • Japan
      • Australia
      • South Korea
      • ASEAN
      • Rest of Asia Pacific
  • Middle East
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country:
      • GCC
      • Israel
      • Rest of Middle East
  • Africa
    • By Service:
      • Health Risk Assessment
      • Fitness
      • Smoking Cessation
      • Health Screening
      • Nutrition & Weight Management
      • Stress Management
      • Others
    • By End User:
      • Small-scale Organizations
      • Medium-scale Organizations
      • Large-scale Organizations
    • By Country/Region:
      • South Africa
      • Central Africa
      • North Africa
• Company Profiles
  • Wellness Corporate Solutions*
    • Company Overview
    • Product Portfolio
    • Financial Performance
    • Key Highlights
    • Market Strategies
  • ComPsych Corporation
  • United Health Group
  • Sodexo
  • BupaWellness Pty Ltd.
  • Recovre Group
  • Central Corporate Wellness
  • Truworth Wellness
  • CXA Group Pte. Limited
  • SOL Wellness
  • ComPsych Corporation
  • Virgin Pulse, Inc.
  • Interactive Health, Inc.
  • ConneXions Asia

“*” marked represents similar segmentation in other categories in the respective section.