Corporate Wellness Market Value to Reach US$ 99.36 Bn By 2027 | CAGR 7.1%

Precedence Research recently published a report on “Corporate Wellness Market Size, Share and Growth Analysis Report, By Service (Fitness, Health Risk Assessment, Health Screening, Smoking Cessation, Stress Management, Nutrition & Weight Management, and Others), By Category (Psychological Therapists, Fitness & Nutrition Consultants, and Organizations/Employers), By Delivery Model (Offsite and Onsite), By End-use (Large Scale Organizations, Medium Scale Organizations, and Small Scale Organizations) – Global Industry Analysis, Trends, & Forecast 2020 – 2027”. Amid the COVID-19 crisis, The global corporate wellness market size is projected to reach USD 99.36 billion by 2027 from an estimated USD 57.4 billion in 2019, at a CAGR of 7.1% from 2020 – 2027.

The market revenue/volume with the help of widespread quantitative and qualitative insights, and forecasts of the market. This report presents breakdown of market into forthcoming and niche segments. Additionally, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This research report evaluates corporate wellness market on a global and regional level. It offers thorough analysis of market status, growth and forecast of the global corporate wellness market for the period from 2016 to 2027. This research study offers historic data for years 2016 to 2027 along with a forecast from 2020 to 2027 based on value.

Corporate Wellness plays an important role in boosting the employee’s health as most out of them are suffering from various diseases such as depression, hypertension and so on. Out-standing wellness benefit programs for employees can improve the mental, financial, and physical health of employees as well as this mitigates the cost associated with turnover and healthcare. An employee with good health cost less for an organization towards their healthcare expenses and makes few absentees per year that improves the productivity output of the company. Rapid industrialization in emerging economies reduces the incidences of hypertension and other diseases such as diabetes with diabetes management.

Scope of the Study

This corporate wellness market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, type, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors

Significant rise in the prevalence of chronic diseases across the world along with the adoption of sedentary lifestyle are some of the prime factors that drives the market growth. Furthermore, economic benefits offered by these wellness programs as well as rising awareness for mental and physical health expected to trigger the market growth over the forecast period. However, huge cost associated to outsource such programs or services predicted to hamper the growth of the market. Nonetheless, high rate of return on investment from wellness programs projected to drive the market significantly in the coming years.

Report Highlights

• North America dominated the global corporate wellness market with maximum revenue share in the year 2019. Significant dominance of the office culture in the North America influence corporate owners in the region to implement such services or programs to benefit their employees with good health. The aforementioned factor drives the market significantly.
• The Asia Pacific encountered flourishing growth over the forecast period owing to significant increase in the working population along with rising awareness for health management of employees.
• In 2019, large scale organizations led the global corporate wellness market in terms of revenue share. As per RAND Corporation, around 70% of the large-scale organizations had invested in the health screening services or programs in the year 2013. Further, high return on investment through these programs influence large number of organizations to implement corporate wellness programs.
• Onsite delivery model emerged as the most dominating segment in terms of revenue share in the global corporate wellness market and anticipated to witness the fastest growth over the forecast period. This type of program provides personal touch and guidance for exercises to the employees.

Key Players:

This report also provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the corporate wellness market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the corporate wellness market include:

• Wellness Corporate Solutions
• ComPsych
• Provant Health Solutions
• Beacon Health Options
• Virgin Pulse
• Marino Wellness
• EXOS
• Vitality Group
• Privia Health
• Central Corporate Wellness
• Wellsource, Inc.
• SOL Wellness
• Truworth Wellness
• ADURO, INC.
• Well Nation
• Fitbit, Inc.

Regional Snapshots

In 2019, North America led the global corporate wellness market with significant revenue share and expected to flourish prominently during the analysis period. The significant growth of the region is mainly attributed to the increasing corporate businesses in the region along with rising awareness among the corporate owners towards their employee’s health benefit. Increasing pollution and busy lifestyle impact adversely on the employee’s health that finally impact the organization’s work culture. In addition, Harvard Business School has stated in its report that American companies have reduced their medical expenses by US$ 3.27 for each dollar spent on the wellness programs. This encourages other employers too to implement corporate wellness programs in their organizational culture to get maximum benefits in term of return on investment.

On the other hand, the Asia Pacific encounter positive growth outlook during the forecast period. This is primarily due to increasing urbanization coupled with the rising health awareness among the public. For the same, employees in the region also prefer those organizations that offer health benefits to the employees as well as incentive-based wellness programs inside the organization.

Segments Covered in the Report

This research report estimates revenue growth at global, regional, and country levels and offers an analysis of present industry trends in every sub-segment from 2016 to 2027. This research study analyzes market thoroughly by classifying global corporate wellness market report on the basis of multiple factors including service, category, delivery model, end-use, and region:

By Service

• Fitness
• Health Risk Assessment
• Health Screening
• Smoking Cessation
• Stress Management
• Nutrition & Weight Management
• Others

By Category

• Psychological Therapists
• Fitness & Nutrition Consultants
• Organizations/Employers

By Delivery Model

• Offsite
• Onsite

By End-use

• Large Scale Organizations
• Medium Scale Organizations
• Small Scale Organizations

By Regional Outlook

• North America
  • U.S.
  • Canada
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Rest of the World

Key Takeaways

• Comprehensive analysis of the corporate wellness market trends and shares from 2020 to 2027 at global and regional level to identify growth opportunities and analyze market developments
• Exhaustive analysis of price trends with respect to resin type and region that are expected to impact the outlook of the global corporate wellness market
• Porters’ Five Forces analysis that highlights the bargaining power of buyers and suppliers to enable stakeholders to make profit-oriented business decisions
• Extensive market outlook of key geographic regions along with market drivers, inhibitors, current & future market trends, and emerging applications
• Comprehensive list of key potential clients across major end-use industries in different geographies
• Thorough import-export analysis  across the globe
• Regional level production output to comprehend the demand-supply scenario
• Competitive landscape covers key companies’ profiling, market share analysis, market footprint analysis, competitive business strategies, channels, and competition matrix for key players

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers

Chapter 7. Global Corporate Wellness Market, By Service

7.1. Corporate Wellness Market, by Service Type, 2020-2027
7.1.1. Fitness
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Health Risk Assessment
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Health Screening
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Smoking Cessation
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Stress Management
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Nutrition & Weight Management
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Others
7.1.7.1. Market Revenue and Forecast (2016-2027)

Chapter 8. Global Corporate Wellness Market, By Category

8.1. Corporate Wellness Market, by Category, 2020-2027
8.1.1. Psychological Therapists
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Psychological Therapists
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Organizations/Employers
8.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 9. Global Corporate Wellness Market, By Delivery Model

9.1. Corporate Wellness Market, by Delivery Model, 2020-2027
9.1.1. Offsite
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Onsite
9.1.2.1. Market Revenue and Forecast (2016-2027)

Chapter 10. Global Corporate Wellness Market, By End-User

10.1. Corporate Wellness Market, by End-User, 2020-2027
10.1.1. Large Scale Organizations
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Medium Scale Organizations
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. Small Scale Organizations
10.1.3.1. Market Revenue and Forecast (2016-2027)

Chapter 11. Global Corporate Wellness Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.1.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.1.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.1.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.2.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.2.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.2.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.3.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.3.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.3.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.6.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.7.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.7.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.7.4. Market Revenue and Forecast, by End-User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Service (2016-2027)
11.4.8.2. Market Revenue and Forecast, by Category (2016-2027)
11.4.8.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.4.8.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.5.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.5.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.5.4. Market Revenue and Forecast, by End-User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Service (2016-2027)
11.5.6.2. Market Revenue and Forecast, by Category (2016-2027)
11.5.6.3. Market Revenue and Forecast, by Delivery Model (2016-2027)
11.5.6.4. Market Revenue and Forecast, by End-User (2016-2027)

Chapter 12. Company Profiles

12.1. Wellness Corporate Solutions
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. ComPsych
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Provant Health Solutions
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Beacon Health Options
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Virgin Pulse
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Marino Wellness
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. EXOS
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Vitality Group
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Privia Health
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Central Corporate Wellness
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Wellsource, Inc.
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. SOL Wellness
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Truworth Wellness
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. ADURO, INC.
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Well Nation
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Fitbit, Inc.
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

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