Corporate Wellness Market Size, Share, and Growth Report by Service Outlook (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management), by End-use Outlook (Small-Scale Organizations, Medium Scale Organizations, Large Scale Organizations), By Category Outlook (Fitness & Nutrition Consultants, Psychological Therapists, Organizations/Employers), By Delivery Model Outlook (Onsite, Offsite), Geography Analysis and Competitive Landscape: Premium Insights, Industry Research, Analysis, Trends and Forecast From 2022 to 2030
The global Corporate Wellness Market size was valued at USD 54.1 billion in 2021 and is projected to reach USD 93.3 billion by 2028, growing at a CAGR of 8.2% during the forecast period.
Many businesses and enterprises in various industry verticals have started implementing health programs for their employees, boosting market demand. Workplace wellness initiatives assist companies in increasing productivity while lowering overall operating expenses. As a result, the market for corporate wellness is anticipated to grow as people become more conscious of the importance of employee health and happiness.
COVID-19 Impact Analysis
The COVID-19 pandemic has significantly negatively influenced workers’ mental health. After it started, it resulted in the shift to working from home, which caused a great deal of stress among employees owing to a sense of isolation. Additionally, the pandemic’s effects on the economy caused many people to experience a financial crisis, impacting their mental health. As a result, wellness service providers are using virtual ways to offer services, including consultations with psychologists and health coaches to address the issue.
Corporate Wellness Market Segmentation:
The global Corporate Wellness Market is segmented based on Service (Health Risk Assessment, Fitness), By End-use, By Category, By Delivery Model (Onsite, Offsite).
By Service, the Health Risk Assessment Segment dominated the Corporate Wellness Market.
The critical components of corporate wellness programs are screening activities to detect health concerns and implementing suitable interventional measures to encourage employees to live healthy lifestyles. A health risk assessment of their employees is chosen by about 80% of firms that offer services for employee wellbeing. Wellness Corporate Solutions introduced the WCS Analytics Plus platform in June 2016. It comprises an interactive data dashboard that helps clients to plan and carry out healthy activities that promote productive workplaces.
By End-use, The Large-Scale Organizations Segment Is Expected to Be the Largest Contributor During the Forecast Period.
By End-use, RAND estimates that in 2013, almost 70% of organizations spent money on health screening services. According to well-researched studies, initiatives that are well-executed can generate a 3:1 return on investment. The infrastructure of larger organizations might include programs and services. Smaller businesses can profit from corporate memberships and service outsourcing.
Corporate Wellness Market Dynamics
Drivers:
Longer working hours and a longer life expectancy
Many vital elements influence the market and propel the corporate wellness industry forward. They are essential for a holistic approach, which entails that both employers and employees work together to produce their best work while maintaining the health of the workplace culture. Employees must put in longer hours at work because of the increased competitiveness and need to survive in the corporate sector, which strains their ability to live healthy, long lives. The company chooses a variety of wellness programs and policies that ultimately support the corporate wellness industry to preserve the productivity and well-being of the workforce.
Growing awareness about stress and the prevalence of chronic diseases
Working-class people have developed a workaholic work ethic, which keeps them so busy and stressed out that they fail to manage their lives and negatively impact their physical and mental health. The rise in stress and sadness has made it necessary to manage employees’ behavioral and mental health, which has led to a demand for wellness programs from organizations for their staff. As a result, this fuels market expansion and acts as the primary driver of demand for health-related goods and services.
Corporate Wellness Regional Analysis
North America is expected to account for the largest market size during the forecast period.
North America dominated the corporate wellness market and accounted for the largest revenue share of more than 39% in 2021. In the United States, roughly 50.0% of firms offer wellness programs to their staff, according to the RAND employer survey. More excellent employers provide more sophisticated wellness programs.
Over the forecast period, Asia Pacific is expected to experience an unprecedented growth rate. Corporate wellness initiatives are required in the Asia Pacific region due to the region’s expanding working population and rising employee health management awareness.
Key Market Players and Competitive Landscape
Some of the primary key players operating in the market 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, and Fitbit, Inc.
This report categorizes the Corporate Wellness Marketas follows,
Service Outlook
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition & Weight Management
Stress Management
Others
End-use Outlook
Small-Scale Organizations
Medium Scale Organizations
Large Scale Organizations
Category Outlook
Fitness & Nutrition Consultants
Psychological Therapists
Organizations/Employers
Delivery Model Outlook
Onsite
Offsite
Table of Content
Corporate Wellness Market Size, Share, Growth, and Forecast Report
1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Service
1.4.2. Category
1.4.3. Delivery Model
1.4.4. End-use
2. Corporate Wellness Market Overview
2.1. Introduction
2.2. Analysis by Service, 2016-2028 (US$ Million)
2.3. Analysis by End-use, 2016-2028 (US$ Million)
2.4. Analysis by Category, 2016-2028 (US$ Million)
2.5. Analysis by Delivery Model, 2016-2028 (US$ Million)
2.6. Market Analysis by Region, 2016-2028 (US$ Million)
3. Corporate Wellness Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Services
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Service
3.6.2. End-use
3.6.3. Category
3.6.4. Delivery Model
3.6.5. Region
3.7. Value Chain Analysis
4. Corporate Wellness Market Competition Analysis
4.1. Corporate Wellness Market Share Analysis by Company, 2019 – 2021
4.1.1. Top 3 Players, 2019 – 2021
4.1.2. Top 6 Players, 2019 – 2021
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
5. Global Corporate Wellness Market Analysis by Service, Category, and End-use, 2016-2028 (US$ Million)
5.1. Service
5.1.1. Global Corporate Wellness Market Share, by Service, 2021 and 2028
5.1.2. Global Corporate Wellness Market Revenue, by Service, 2016-2028 (US$ Million)
5.1.3. By Health Risk Assessment Market Analysis 2016-2028 (US$ Million)
5.1.4. By Fitness Market Analysis 2016-2028 (US$ Million)
5.1.5. By Smoking Cessation Market Analysis 2016-2028 (US$ Million)
5.1.6. By Health Screening Market Analysis 2016-2028 (US$ Million)
5.1.7. By Nutrition & Weight Management Market Analysis 2016-2028 (US$ Million)
5.1.8. By Stress Management Market Analysis 2016-2028 (US$ Million) 5.2. End-use
5.2.1. Market Share, by End-use, 2021 and 2028
5.2.2. Market Revenue, by End-use, 2016-2028 (US$ Million)
5.2.3. By Small-Scale Organizations Market Analysis 2016-2028 (US$ Million)
5.2.4. By Medium Scale Organizations Market Analysis 2016-2028 (US$ Million)
5.2.5. By Large-Scale Organizations Market Analysis 2016-2028 (US$ Million) 5.3. Category
5.3.1. Market Share, by Category, 2021 and 2028
5.3.2. Market Revenue, by Category, 2016-2028 (US$ Million)
5.3.3. By Fitness & Nutrition Consultants Market Analysis 2016-2028 (US$ Million)
5.3.4. By Psychological Therapists Market Analysis 2016-2028 (US$ Million)
5.3.5. By Organizations/Employers Market Analysis 2016-2028 (US$ Million) 5.4. Delivery Model
5.4.1. Market Share, by Delivery Model, 2021 and 2028
5.4.2. Market Revenue, by Delivery Model, 2016-2028 (US$ Million)
5.4.3. By Onsite Market Analysis 2016-2028 (US$ Million)
5.4.4. By Offsite Market Analysis 2016-2028 (US$ Million)
6. Global Corporate Wellness Market Service Analysis by Region, 2016-2028 (US$ Million)
6.1. Health Risk Assessment Market Analysis 2016-2028 (US$ Million)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Fitness Market Analysis 2016-2028 (US$ Million)
6.3. Smoking Cessation Market Analysis 2016-2028 (US$ Million)
6.4. Health Screening Market Analysis 2016-2028 (US$ Million)
6.5. Nutrition & Weight Management Market Analysis 2016-2028 (US$ Million)
6.6. Stress Management Market Analysis 2016-2028 (US$ Million)
7. Global Corporate Wellness Market End-use Analysis by Region, 2016-2028 (US$ Million)
7.1. Small-Scale Organizations Market Analysis 2016-2028 (US$ Million)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. Medium Scale Organizations Market Analysis 2016-2028 (US$ Million)
7.3. Large-Scale Organizations Market Analysis 2016-2028 (US$ Million)
8. Global Corporate Wellness Market Category Analysis by Region, 2016-2028 (US$ Million)
8.1. Fitness & Nutrition Consultants Market Analysis 2016-2028 (US$ Million)
8.1.1. North America
8.1.2. Europe
8.1.3. Asia Pacific
8.1.4. Latin America
8.1.5. Middle East & Africa
8.2. Psychological Therapists Market Analysis 2016-2028 (US$ Million)
8.3. Organizations/Employers Market Analysis 2016-2028 (US$ Million)
9. Global Corporate Wellness Market Delivery Model Analysis by Region, 2016-2028 (US$ Million)
9.1. Onsite Market Analysis 2016-2028 (US$ Million)
9.1.1. North America
9.1.2. Europe
9.1.3. Asia Pacific
9.1.4. Latin America
9.1.5. Middle East & Africa
9.2. Offsite Market Analysis 2016-2028 (US$ Million)
10. Corporate Wellness Market Analysis by Geography, 2016-2028 (US$ Million)
10.1. North America Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.1.1. U.S. Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.1.1.1. Service
10.1.1.2. End-use
10.1.1.3. Category
10.1.1.4. Delivery Model
10.1.2. Canada Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.1.3. Mexico Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3. Asia Pacific Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.1. China Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.1.1. Service
10.3.1.2. End-use
10.3.1.3. Category
10.3.1.4. Delivery Model
10.3.2. Japan Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.3. South Korea Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.4. India Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.5. Australia Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.6. Southeast Asia Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.7. Taiwan Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.3.8. Rest of Asia Pacific Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.4. Latin America Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.4.1. Brazil Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.4.1.1. Service
10.4.1.2. End-use
10.4.1.3. Category
10.4.1.4. Delivery Model
10.4.2. Argentina Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.4.3. Rest of Latin America Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5. Middle East Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5.1. Israel Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5.2. Turkey Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5.3. Saudi Arabia Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5.4. UAE Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.5.5. Rest of Middle East Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.6. Africa Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.6.1. Egypt Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.6.1.1. Service
10.6.1.2. End-use
10.6.1.3. Category
10.6.1.4. Delivery Model
10.6.2. South Africa Corporate Wellness Market Analysis 2016-2028 (US$ Million)
10.6.3. Rest of Africa Corporate Wellness Market Analysis 2016-2028 (US$ Million)
11. Company Profiles
11.1. ComPsych
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.3. Product Benchmarking
11.1.4. Strategic Initiatives
11.2. Wellness Corporate Solutions
11.3. Virgin Pulse
11.4. Provant Health Solutions
11.5. EXOS
11.6. Marino Wellness
11.7. Privia Health
11.8. Vitality Group
11.9. Wellsource, Inc.
11.10. Central Corporate Wellness
11.11. Truworth Wellness
11.12. SOL Wellness
11.13. Well Nation
11.14. ADURO, INC.
11.15. Beacon Health Options
11.16. Fitbit, Inc.
12. COVID-19 Impact Analysis
12.1. Global Corporate Wellness Market, 2020 – 2028, Pre-V/S Post COVID 19
12.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Corporate Wellness Market Size In 2022, By Scenario
12.3. Impact on Supply Chain and Production in Corporate Wellness Market
12.4. Impact on Import and Export
13. Conclusion
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.
Service Outlook
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition & Weight Management
Stress Management
Others
End-use Outlook
Small-Scale Organizations
Medium Scale Organizations
Large Scale Organizations
Category Outlook
Fitness & Nutrition Consultants
Psychological Therapists
Organizations/Employers
Delivery Model Outlook
Onsite
Offsite
Methodology
Qualitative Analysis:
Industry Status and Trends
Market segment by regions, types, applications, and forecast
Market opportunities, potential, government policies, and influence factors.
Quantitative Analysis:
Market size (value, historical data, and forecast (2017-2030)
Market size by types, regions, and applications, from 2017 to 2030.
Market forecast based on the potential demand from downstream clients/buyers, government, influence factors, and the total economic indication, maybe occur in the following years.
Research Data Source:
Secondary Data
Secondary sources incorporate yearly reports, press releases, and investor presentations of companies; Journal of Science, authorised statistical yearbook, National Customs, Industry Association; Secondary research has mostly been functional to obtain key information about the industry’s supply chain, the market downstream buyers, technical dynamics development trends, the main vendors of this market, and market classification & segmentation according to the industry trends, regional markets, and key developments from a market and business oriented viewpoint.
Key Data from Secondary
Items
Source
Market Size (Value & Volume)
Industry Association
Magazines
Journals
Press Releases
Statistical Yearbook
National Customs
Revenue of Companies
Paid Databases
Data Centre
Annual Reports
Hoover
Public Databases
Bloomberg Business
Qualitative Analysis
Company Annual Reports
Press Releases
Industry Associations
Primary Data
In the primary research procedure, various sources from both the Sales and consumption sides were interviewed to acquire qualitative and quantitative information for this report. The primary sources from the Sales side include key product manufacturers (and their competitors), industry experts, industry association, research institutions, distributors, dealers, and traders, as well as the raw materials suppliers and producers, etc. The primary sources from the consumption side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and associated key executives from various key companies and organizations functioning in the global market. Primary research was led to identify segmentation types, product price range, product applications, key players, raw materials supply and downstream consumption, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Data from Primary
Items
PARAMETER
KEY DATA
Market Segmented by Regions
Total Market Size and Regional Market Status Growth Rate Forecast from 2022-2030
Major Regions: North Americas, Europe, Asia Pacific, Middle East and Africa, South Americas, etc. Market Status and Forecast
Submarket by Types
Historical (2017-2021) and Forecast (2022-2030) Data
Value and Growth Rate of Different Downstream Applications
Submarket by Applications
Historical (2017-2021) and Forecast (2022-2030) Data
Company Annual Reports Press Releases Industry Associations
Market Size Estimation
The top-down and bottom-up methods have been employed to estimate and forecast the market size in each region, different types, and applications. The most important vendors in the market have been discovered through secondary research and their market shares in the individual regions were determined through primary and secondary research.
Key players in the market are identified through secondary research and their market incomes are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers, whereas primary research included extensive interviews of key opinion leaders and industry specialists such as knowledgeable front-line staff, directors, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the product markets are determined by using secondary sources and confirmed through primary sources.
All percentage shares split, and breakdowns have been determined using secondary sources and validated through primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, examined in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Frequently Asked Questions
What is the total market worth of the corporate wellness market?
The global Corporate Wellness Market size was valued at USD 54.1 billion in 2021 and is projected to reach USD 93.3 billion by 2028.
What is the anticipated CAGR of the corporate wellness market in the forecast period?
The global Corporate Wellness Market is growing at a CAGR of 8.2% during the forecast period.
Who are the key players in the global corporate wellness market?
Some of the major key players operating in the market are ComPsych, Wellness Corporate Solutions, Virgin Pulse, Provant Health Solutions, EXOS, Marino Wellness, Privia Health, Vitality Group, Wellsource, Inc., Central Corporate Wellness and others.
Which region is expected to project the highest market share in the corporate wellness market?
North America is expected to account for the largest market size during the forecast period.
