Corporate Wellness Market size was valued at US$ 56.54 Bn in 2021 and the total revenue is expected to grow at 7.1 % through 2022 to 2029, reaching nearly US$ 97.89 Bn.
Corporate Wellness Market Overview:
An extensive amount of primary and secondary research was done for the global market study of Corporate Wellness . In order to complement already-available data, segment the market, calculate the overall market size, and forecast market size and growth rate, secondary research was conducted. Primary and secondary research are used to identify industry leaders and estimate market value. In-depth interviews with important business and thought leaders, including CEOs and marketing executives, were conducted as part of the primary study.
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In-depth interviews with CEOs and marketing executives were conducted as part of the primary study, which involved key opinion leaders and business leaders. As part of the secondary study, the annual and financial reports of the major manufacturers were examined. Market breakdowns, market shares, and growth rates are derived from secondary sources and cross-checked against primary data.
Market Scope:
The report aids readers in developing a better knowledge of the dynamic structure of the worldwide Corporate Wellness market by identifying and assessing market categories and estimating market size. The report examines the key corporations' regional presence, application growth objectives, price, and financial standing. To assist shareholders in prioritising their efforts and investments in the internationalCorporate Wellness market, the research also contains a PESTLE analysis.
Decision-makers now have a better understanding of the future of the market thanks to the analysis of internal and external factors that are expected to benefit or harm enterprises. Through the research of market segmentation and projections of market size, the report also assists in understanding the dynamic structure of the global Corporate Wellness market. The research is a resource for investors since it gives a thorough picture of the competitive analysis of significant firms in the worldwide Corporate Wellness market based on price, financial status, growth strategies, and geographic presence.
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Drivers:
Corporate wellness initiatives are being actively used by businesses to improve worker productivity and wellbeing, reduce health risks, and lower healthcare costs. Organizations are becoming more aware of the importance of maintaining a physically and psychologically healthy workforce. Businesses have increased their spending on programmes, goods, and services related to employee welfare as a result.
According to the 2019 United Healthcare Wellness Health check-up Survey, US businesses plan to invest a total of more than USD 3.6 million in their individual wellness initiatives. The staff's happiness and health have clearly benefited from this significant investment. These factors suggest that employee wellness programme adoption will rise steadily over the forecast period.
Segmentation:
The global market for corporate wellness is divided into three categories based on the type of clientele: organizations/employers, fitness and nutrition consultants, and psychologists. Organizations/employers held the largest market share of 50.3% in 2021, and it is anticipated that they will continue to hold this position throughout the forecast. The service providers offer internal and external health management services to big and small businesses alike. On-site fitness centres that offer yoga and meditation are a growing trend. Health consultants provide a variety of elements, such as exercise, nutrition, character development, and behavioural health. Numerous programmes offer different solutions based on each person's health status, which promotes segmental growth.
Key Players: The key players are
• ComPsych
• Wellness Corporate Solutions
• Virgin Pulse
• Provant Health Solutions
• EXOS
• Marino Wellness
• Privia Health
• Vitality Group
• Wellsource, Inc.
• Central Corporate Wellness
• Truworth Wellness
• SOL Wellness
• Well Nation
• ADURO, INC.
• Beacon Health Options
• Fitbit, Inc.
• Aptora
• Alyfe Wellbeing Strategies
• Burner Fitness
• Sodexo Group
• MediKeeper
• Rival Health
Regional Analysis:
The Corporate Wellness Market is examined at the national level with a focus on nations, categories, and categories with the most potential for considerable growth. The regions that make up the Corporate Wellness Market study are North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations.
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COVID-19 Impact Analysis on Corporate Wellness Market: The report covers COVID-19 impact on Corporate Wellness market.
Key Questions Answered in the Corporate Wellness Market Report are:
- What will the CAGR of the Corporate Wellness market be throughout the forecast period?
- Which market segment has dominated the Corporate Wellness market?
- What businesses control the Corporate Wellness market?
- What will the Corporate Wellness market's size be in 2029?
- Which company held the largest market share in Corporate Wellness ?
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