Corporate Wellness Market Insights, Business Strategies, Regional Outlook, Challenges and Analysis Through 2030

Geographically, North America held the largest share in the corporate wellness industry in 2020 due to an increase in the prevalence of cardiovascular illnesses as a result of the sedentary lifestyle and poor diet.

The global corporate wellness market revenue stood at $51 billion in 2020, and it is expected to rise to $100 billion by 2030. According to the estimates of the market research company, P&S Intelligence, the market will progress at a CAGR of 7% from 2020 to 2030. The market is being driven by the rising focus of people on health and wellbeing, increasing incidence of chronic diseases, because of work stress and long working hours, and employees increasingly seeking various wellness perks from companies.

As per the World Health Organization (WHO), in 2016, more than 1.9 billion people aged 18 years and above were overweight and more than 650 million people were obese globally. Owing to sedentary lifestyles and lack of physical activity, the prevalence of obesity is increasing rapidly. As per a study conducted by the National Library of Medicine under the U.S.’s National Institutes of Health, one out of every three individuals across the world suffer from various chronic diseases. Additionally, the growing awareness about health and wellbeing among the youth is also expected to propel the corporate wellness market to new heights.

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Depending on service type, the market is classified into fitness, health screening, health risk assessment, nutrition and weight management, stress management, and smoking cessation. Out of these, the health risk assessment category held the largest share in the market in the years gone by. Health risk assessment, also popularly known as health and wellbeing assessment or health risk appraisal, is a typical screening tool, which is generally used as the initial step in multi-component health promotion programs at various workplaces around the world.

When end-user is taken into consideration, the corporate wellness market is categorized into large-scale organizations, medium-scale organizations, and small-scale organizations. Out of these, the large-scale organizations category contributed the highest revenue to the market in the past. Owing to their larger workforces, these companies are compelled to implement corporate wellness programs. Moreover, these companies are secure and strong financially and thus, they can easily make huge investments in corporate wellness programs.

Browse detailed report on Global Corporate Wellness Market Size, Share, Growth and Demand Forecast to 2030

Across the globe, the North American region dominated the corporate wellness market in the past. This was because of the high incidence of cardiovascular diseases, owing to poor eating habits and sedentary lifestyles of people in the region. Additionally, employers in the region are rapidly launching various wellness initiatives to mitigate health issues among employees, which is also fueling the expansion of the regional market. In recent years, the players operating in the industry, such as ComPsych Corporation, Well Nation, Athletes’ Performance Inc., Provant Health Solutions LLC, Fitbit Inc., Beacon Health Options Inc., and Truworth Health Technologies Pvt. Ltd., have focused on partnerships in order to augment their revenue.

Thus, it can be said without hesitation that the market will register rapid expansion in the coming years, mainly because of the rising incidence of chronic diseases, owing to long working hours and sedentary lifestyles of people, and growing public awareness about the significance of corporate wellness programs at workplaces.

Corporate Wellness Market Size Breakdown by Segment

By Service Type

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 Region

North America Corporate Wellness Market
By service type
By end user
By country – U.S. and Canada
Europe Corporate Wellness Market
By service type
By end user
By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
Asia-Pacific Corporate Wellness Market
By service type
By end user
By country – Japan, China, India, Australia, South Korea,Taiwan, and Rest of APAC
Latin America Corporate Wellness Market
By service type
By end user
By country – Brazil, Mexico, and Rest of LATAM
Middle East and Africa Corporate Wellness Market
By service type
By end user
By country – U.A.E, Saudi Arabia, South Africa, and Rest of MEA

Market Segment Analysis of Countries

U.S. Corporate Wellness Market
 
By service type
By end user
Canada Corporate Wellness Market
By service type
By end user
Germany Corporate Wellness Market
By service type
By end user
France Corporate Wellness Market
By service type
By end user
U.K. Corporate Wellness Market
By service type
By end user
Italy Corporate Wellness Market
By service type
By end user
Spain Corporate Wellness Market
By service type
By end user
Japan Corporate Wellness Market
By service type
By end user
China Corporate Wellness Market
By service type
By end user
India Corporate Wellness Market
By service type
By end user
Australia Corporate Wellness Market
By service type
By end user
South Korea Corporate Wellness Market
By service type
By end user
Brazil Corporate Wellness Market
By service type
By end user
Mexico Corporate Wellness Market
By service type
By end user
Saudi Arabia Corporate Wellness Market
By service type
By end user
South Africa Corporate Wellness Market
By service type
By end user

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Healthcare Insurance Market – Geographically, the healthcare insurance market would demonstrate the highest growth rate in the Asia-Pacific region in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India.

Telemedicine Market – According to P&S Intelligence, North America dominated the telemedicine market in the preceding years, and it will retain its dominance in the forthcoming years as well. This is credited to the increasing geriatric population, mounting government funding and grants for telemedicine, and rising cases of lifestyle-associated and chronic diseases in the region.

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