Global Corporate Wellness Market size was valued at US$ 52.80 Bn in 2020 and the total revenue is expected to grow at 7.1 % through 2021 to 2027, reaching nearly US$ 85.34 Bn.
Corporate Wellness Market Overview:
Maximize Market Research provides a brief description of Global Corporate Wellness Market, provides the latest snapshots of the market, and best understands its features. The report provides an overview of the market with standard topics highlighted with data adjusted as needed. This overview will help you decide how to approach the market and understand the situation in the industry. This research methodology has been applied to examine the Global Corporate Wellness Market and these findings have been logically mentioned in this report.
Corporate wellness refers to the employment of a number of programmes by organisations to promote the health and well-being of their workforce. It includes health promotion efforts, legislation, and other benefits targeted at boosting productivity and promoting health. Weight reduction, exercise, nutrition, and nutritional therapies are all accessible, as are stress management activities, health exams, and smoke cessation sessions. Nap rooms, wearable medical trackers, gym subscriptions, yoga lessons, and meditation sessions are all available at large and medium-sized organisations. Employee retention, recruiting, company culture, and workplace culture are all aided by these programmes.
Market Scope:
The Corporate Wellness market report thoroughly covers analysed insights of key players in terms of market, applications, and geographies to help you identify competition both domestic and globally. The research also includes available micro market investment options for investors, as well as a full analysis of the competitive landscape and significant product offered by companies.
Corporate Wellness Report provides in-depth knowledge and comprehension of trends, dynamics, and other topics. The research identifies the most important trends that will have an impact on the business. It aids in the identification of the information included in the research determining the competitive landscape of key companies, factors affecting the market, and other aspects that can help you determine whether your present marketing plans are on track and how to enhance them.
Corporate Wellness Market Dynamics:
The report covers comprehensive data on market drivers, restraints, emerging trends, and growth opportunities that can change the market dynamics of the end use industry. It provides an in-depth analysis of the Corporate Wellness Market segments which include products, applications, and competitor analysis.
Corporate wellness programmes are being actively used by businesses to improve employee performance and well-being, minimise health concerns, and lower employee healthcare costs. Organizations are becoming increasingly aware of the importance of having a mentally and physically fit workforce. As a result, companies have increased their investments in employee benefits, products, and services.
According to the 2019 United Healthcare Wellness Health Check-up Survey, US businesses are expected to spend more than USD 3.6 million on their individual wellness programmes. This large investment has had a demonstrated positive impact on the health and happiness of the employees. Over the predicted period, these variables suggest to a continuous growth in employee wellness programme acceptance.
According to the Health Resources and Services Administration, the number of adult psychiatrists in the United States will decrease by 20% by 2030. The deficit is partly caused by a decrease in the number of new specialists entering these fields. The shortage of mental health experts in developing countries is far worse. In India, for example, there are just 0.75 psychiatrists per 100,000 people. Because of the paucity of adequately skilled employees, developing and implementing effective, holistic workplace wellness programmes is difficult, which could hinder the market's growth.
PESTEL Analysis:
Report provided by Maximize Market Research gives PESTEL Analysis which helps you in designing the business strategies. Political factors like tax policy, environmental regulations, tariffs etc. helps you determine the extent to which a government may influence the Corporate Wellness market. Economic factors like interest, exchange, inflation and wage rates, minimum wage, etc. helps in analysing determinants to economy’s performance that impacts Corporate Wellness market.
Social factors like cultural norms and expectations, health consciousness, population growth rates etc. helps in planning marketing analytics and strategies. Technological factors like innovations and developments in technologies can impact market growth. Legal factors like changes to legislation impacting employment, access to materials, etc. can help you understand the impact on market in a region or country. Legal factors helps in understanding effect of the surrounding environment and the influence of ecological aspects for Corporate Wellness market.
Competitive Landscape and Corporate Wellness Market Share Analysis:
The competitive landscape for the Corporate Wellness market gives statistics and data on the various competitors. The study provides a detailed analysis and reliable revenue information for the player from 2018 to 2021. It also includes a detailed analysis based on accurate revenue (global and regional) information for the period 2018-2021. Company description, principal business, total revenue and sales, revenue earned in the Corporate Wellness business, date of entry into the Corporate Wellness market, Corporate Wellness product introduction, recent advancements, and other details are given.
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Segmentation:
Fitness and nutrition consultants, Organizations/employers, and Psychological therapists make up the global Corporate Wellness industry. In 2020, the Organizations/Employers segment had the greatest market share of 50.3 percent, and this is likely to continue throughout the forecast period. The service providers offer both in-house and outsourced health management services to large and small businesses. On-site fitness, which includes yoga and meditation, is becoming increasingly popular. As a result of rising awareness about secure healthcare, the fitness and nutrition consultants category is predicted to increase at a rate of xx percent over the forecast period. Exercise, diet, character strength, and behavioural health are all components offered by healthcare advisors.
Small-scale organisations, Medium-scale organisations, Large-scale organisations, and Others make up the global Corporate Wellness industry. In 2020, the large-scale organisations sector had the biggest market share (52.8%). Integrated management programmes, according to well-documented studies, can yield a 3:1 rate of return. Larger corporations can incorporate programmes and services into their foundation. Corporate affiliations and service contracting may be beneficial to small enterprises.
Key Players:
• 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.
• Aptora
• Alyfe Wellbeing Strategies
• Burner Fitness
• Sodexo Group
• MediKeeper
• Rival Health
The competitive landscape is an important component of Corporate Wellness market that every crucial player should be aware of. The research report covers the competitive landscape of the worldwide Corporate Wellness market, allowing readers to understand competitiveness at both the domestic and global levels. Areas of operation, production, and product portfolio are all important considerations. The report also focuses on BCG matrix, competitive benchmarking, and SWOT analysis in addition to Corporate Wellness Market Share analysis of companies, detailed profiling of products and business overview.
Regional Analysis:
Our reports' Regional insights ensure that you are well-informed on the Corporate Wellness market on a regional level. Understanding local energy, economic, political, and geographic variables is critical for any meaningful assessment of viable policy options in response to global market change. Our report enables you to understand regional insights ensuring the effects on Corporate Wellness market and local growth opportunities, restraints domestic area wise as well.
COVID-19 Impact Analysis on Corporate Wellness Market:
COVID-19 has a thorough impact on the Corporate Wellness market in North America, Asia Pacific, the Middle East, Europe, and South America, according to the report offered by Maximize Market Research. During this crisis, our report presents a comprehensive examination of alternatives, challenging conditions, and difficult situations in the Corporate Wellness market. The study briefly discusses the benefits as well as the challenges of the COVID-19 in terms of funding and market expansion. The updated study provides insights, analysis, estimates, and forecasts that take into account the impact of COVID 19 on the Corporate Wellness market.
Key Questions answered in the Corporate Wellness Market Report are:
- Which product segment grabbed the largest share in the Corporate Wellness market?
- How is the competitive scenario of the Corporate Wellness market?
- Which are the key factors aiding the Corporate Wellness market growth?
- Which region holds the maximum share in the Corporate Wellness market?
- What will be the CAGR of the Corporate Wellness market during the forecast period?
- Which application segment emerged as the leading segment in the Corporate Wellness market?
- Which are the prominent players in the Corporate Wellness market?
- What key trends are likely to emerge in the Corporate Wellness market in the coming years?
- What will be the Corporate Wellness market size by 2027?
- Which company held the largest share in the Corporate Wellness market?
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