IMARC Group, a leading market research company, has recently released a report titled “Corporate Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global corporate wellness market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Corporate Wellness Industry?
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.
What is Corporate Wellness?
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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What are the growth prospects and trends in the Corporate Wellness industry?
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.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Service:
- Health Risk Assessment
- Smoking Cessation
- Health Screening
- Nutrition and Weight Management
- Stress Management
Breakup by Category:
- Fitness and Nutrition Consultants
- Psychological Therapists
Breakup by Delivery:
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
Who are the key players operating in the industry?
The report covers the major market players including:
- Central Corporate Wellness
- Marino Wellness
- Privia Health
- Provant Health Solutions
- SOL Wellness
- Truworth Health Technologies Pvt. Ltd.
- Virgin Pulse
- Wellness Corporate Solutions LLC
- Wellsource Inc.
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