Global Corporate Wellness Market
, by Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, and Others), by End User (Small-scale Organizations, Medium-scale Organizations, and Large-scale Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
) was valued at US$ 53,645.7
million in 2018, and is projected to exhibit a CAGR of 7.2%
over the forecast period (2019 – 2027), as highlighted in a new report published by .
Increasing initiatives by market players and government authorities for employee wellness is expected to augment the market growth
Key players and government authorities are partnering for the launch of initiatives aimed at the employee wellness. For instance, in January 2015, Sodexo, Inc., and the YMCA of Central Florida in collaboration launched a healthier workforce initiative for the wellness of individuals, families, and communities. The initiative is developed to improve the traditional and mostly underutilized employee wellness programs through a personal and system-based approach.
Moreover, key players are engaged promoting their services in exhibitions and other shows, which is expected to boost the market growth. For instance, in October 2016, Central Wellness, a company offering wellness programs, participated in the WKYC Health & Wellness Expo held at Cleveland Convention Center and interacted with individuals for promoting its services.
Browse 29 Market Data Tables and 22 Figures spread through 128 Pages and in-depth TOC on ‘Corporate Wellness Market’- Global Forecast to 2027 by Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, and Others), by End User (Small-scale Organizations, Medium-scale Organizations, and Large-scale Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
To know the latest trends and insights prevalent in the corporate wellness market, click the link below:
Furthermore, rising stress and depression conditions at the workplace and increasing prevalence of smoking, obesity, and overweight is expected to drive the market growth. According to the Annual Work Stress Survey carried by Harris Interactive on behalf of Everest College, around 83% of employees in 2014 suffered from stress at work in the North America. Similarly, 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 (aged 18 years and above) were overweight, out of which over 650 million were obese.
Key Takeaways of the Global Corporate Wellness Market:
- The global corporate wellness market is expected to exhibit a CAGR of 7.2% over the forecast period, owing to increasing prevalence of diabetes, high blood pressure, and other. According to the data published by Centers for Disease Control and Prevention (CDC), in January 2018, the death rate due to high blood pressure increased by around 11% in the U.S. between 2005 and 2015, and the number of deaths rose by around 38% by the year 2015.
- Among regions, North America held a dominant position in the global corporate wellness market in 2018, 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.
- Key players operating in the global corporate wellness market 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