According to the latest report by IMARC Group “Corporate Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global corporate wellness market size reached US$ 56.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 88.5 Billion by 2027, exhibiting a growth rate (CAGR) of 7.9% during 2022-2027.
Corporate wellness involves the implementation of numerous programs by corporate enterprises for promoting the health and wellbeing of their employees. It includes health promotion strategies that assist in enhancing their overall health in an attempt to maximize production output. These programs also assist in significantly improving the overall organizational culture and worksite environment.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The global market is majorly driven by the rising incidences of chronic lifestyle diseases. This can be accredited to the unhealthy dietary patterns and the sedentary lifestyles led by the masses, along with the requirement to use digital screens for prolonged hours in a day. Coupled with the growing organizational awareness regarding employee health and wellbeing, this is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the increasing consciousness about the importance of mental health, the introduction of comprehensive insurance plans for promoting telemedicine and the continual improvements in the healthcare infrastructure across the globe.
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:
- 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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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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