Corporate Wellness Market, by Service Type (Smoking Cessation, Weight Management, Fitness, Health Risk Assessment, Nutrition, Health Screening, and Others), by End User (Large-scale Organizations, Medium-scale Organizations, and Small-scale Organizations) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) — Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Corporate wellness are programs that are conducted in corporate offices to keep the employees healthy and happy, 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 common programs which are largely adopted by employers include 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, stress management program to reduce stress from employees’ life, and fitness programs to keep employees fit and active.

Corporate Wellness Market Drivers

High prevalence of smoking, obesity, and overweight is expected to be a major factor which will create demand for corporate wellness programs. Therefore employers are adopting corporate wellness programs in order to make their employees’ healthy, reduce health care costs, and to increase employee’s productivity. For instance, according to the data published by Center 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 the U.S. According to World Health Organization’s data published in February 2018, since 1975 obesity has nearly tripled globally, and it was estimated that in 2016, globally, 39% of adults aged 18 years and above were overweight and around 13% were obese. Furthermore, according to the same source, in 2016, over 1.9 billion adults (18 years and older) were overweight out of which over 650 million were obese.

In corporate offices, an employee works around 9 hours, and during this time period most employees sit continuously and are physically inactive during working hours. 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 to improve employee morale. For instance, according to the data published by Center for Disease Control and Prevention (CDC) in 2017, in the U.S. 30.2 million adults aged 18 years or older (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. According to the data published by Center for Disease Control and Prevention (CDC) in January 2018, the death rate from high blood pressure increased by nearly 11% in the U.S. between 2005 and 2015, and the actual number of deaths rose by almost 38% up to nearly 79,000 by 2015.

Corporate Wellness Market Regional Analysis

North America corporate wellness market is expected to hold a dominant position in the global corporate wellness market over the forecast period, owing to increasing adoption of corporate wellness programs by corporate offices and rising health awareness among the population for living a healthy and stress free life.

Asia Pacific corporate wellness market growth is expected to exhibit high growth over the forecast period, due to increasing demand for corporate wellness program from countries such as Japan and China, where there is a rise in lifestyle diseases such as diabetes and blood pressure. For instance, according to a survey done in Japan by Health Ministry in 2016, around 10 million adults in Japan were suspected to be diabetic.

Corporate Wellness Market Restraint

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 which will hinder and restrain 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.

Corporate Wellness Market Key Players

Key players operating in the global corporate wellness market include EXOS, Hooper Holmes, Inc., 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., FitLinxx, Inc., and ConneXions Asia

Corporate Wellness Market Taxonomy

The global corporate wellness market is segmented on the basis of service type, end user, and region.

By Service Type

  • Smoking Cessation
  • Nutrition and Weight Management
  • Stress Management
  • Fitness
  • Health Risk Assessment
  • Health Screening
  • Others

By End User

  • Large-scale Organizations
  • Medium-scale Organizations
  • Small-scale Organizations

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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