IMARC Group, a leading market research company, has released a report titled “Corporate Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global corporate wellness market size reached US$ 61.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.
Corporate wellness comprises policies, programs, and initiatives to support the health and well-being of employees in a workplace. It involves health screenings, providing healthy food options, encouraging physical activities, wellness assessments, and offering mental health resources. It assists in increasing employee engagement, reducing absenteeism, improving confidence and morale, and decreasing healthcare costs. Besides this, it aids in enhancing recruitment and retention of employees, developing a better relationship among workers, reducing stress, and improving employee behavior. As a result, corporate wellness is widely employed in small-scale, medium-scale, and large-scale organizations across the globe.
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Corporate Wellness Market Trends and Drivers:
At present, the increasing awareness about employee health and well-being represents one of the primary factors contributing to the growth of the market. Additionally, the increasing investment in mental health and stress management programs is strengthening the growth of the market. Apart from this, the growing prevalence of choric diseases, such as diabetes, heart attacks, arthritis, and respiratory disorders, among the masses across the globe is offering lucrative growth opportunities to industry players. Moreover, technological advancements, such as artificial intelligence (AI) and machine learning (ML), are bolstering the growth of the market. Furthermore, the rising demand for corporate wellness programs among organizations to reduce operational costs and enhance employee efficiency is supporting the growth of the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Service:
- Health Risk Assessment
- Fitness
- Smoking Cessation
- Health Screening
- Nutrition and Weight Management
- Stress Management
- Others
Breakup by Category:
- Fitness and Nutrition Consultants
- Psychological Therapists
- Organizations/Employers
Breakup by Delivery:
- Onsite
- Offsite
Breakup by Organization Size:
- Small Scale Organizations
- Medium Scale Organizations
- Large Scale Organizations
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
The competitive landscape of the market has also been analyzed, with some of the top leading Corporate Wellness Companies.
- Central Corporate Wellness
- ComPsych
- EXOS
- Marino Wellness
- Privia Health
- Provant Health Solutions
- SOL Wellness
- Truworth Health Technologies Pvt. Ltd.
- Virgin Pulse
- Vitality
- Wellness Corporate Solutions LLC
- Wellsource Inc.
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