Covid-19 Impact on Corporate Wellness Market 2021-2025: Business Growth by Top Key Company’s - Well Nation, Virgin Pulse, EXOS, Karelia Health, Marino Wellness

Global Corporate Wellness Market Synopsis:

The exclusive research report on the Global Corporate Wellness Market 2021-2025 examines the market in detail along with focusing on significant market dynamics for the key players operating in the market. Global Corporate Wellness Industry research report offers granulated yet in-depth analysis of revenue share, market segments, revenue estimates and various regions across the globe.

The Global Corporate Wellness Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Corporate Wellness Market size to maintain the average annual growth rate of 6.52% from $13.019 Billion in 2015 to $15.734 Billion in 2019, market analysts believe that in the next few years, Corporate Wellness Market size will be further expanded, we expect that by 2025, The market size of the Corporate Wellness will reach $20.402 Billion.

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According to the market research study, Corporate Wellness is important because most of the employees in an organization are suffering from various diseases such as hypertension, depression and so on. Healthy employees can spend less on health care and take less leave for the reason of getting sick which will result into maximum productive output. The need of cutting down the increasing healthcare costs, healthcare facilities provided to the employees and use of wearable technology is increasing which resulted into driving the growth of Corporate Wellness Market.

Significant points in table of contents: Market Definition, Market Overview, Business Introduction, Segmentation (Region Level), Segmentation (Type Level), Segmentation (Industry Level), Segmentation (Channel Level), Market Forecast Year, Segmentation Type, Segmentation Industry, Market Cost Analysis, and Conclusion. The Corporate Wellness Market is segmented based on Product, source, application and Regions. On the basis of product, the market is sub-segmented.

Regionally, North America dominated the corporate wellness market and accounted for the largest revenue share in 2020. As per the RAND employer survey, approximately 50.0% of the employers in the U.S. offer wellness programs to their employees. Larger employers offer more complex wellness initiatives. APAC is likely to witness an impressive growth rate over the forecast period from 2021 to 2025. The growth of the working population in the APAC and growing awareness about the health management of employees are responsible for the need for corporate wellness programs in the region.

Top Major Key Players in the Global Corporate Wellness Market:

1 Well Nation

2 Virgin Pulse

3 Provant Health Solutions

4 ComPsych

5 EXOS

6 Kinema Fitness

7 Karelia Health

8 Marino Wellness

9 Premise Health

10 Wellness Corporate Solutions

11 WorkStride

12 Lifeworks and More………………..

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Product Type Segmentation

1 Health Risk Assessments

2 Nutrition and Weight Management

3 Smoking Cessation

4 Fitness Services

5 Alcohol and Drug Abuse Services

6 Stress Management

7 Health Education Services

Industry Segmentation

1 Large private sector businesses

2 Midsize private sector businesses

3 Small private sector businesses

4 Public sector

5 Nonprofit organizations

International Healthcare Industry News:

Virgin Pulse (January 09, 2020) - Virgin Pulse Launches Proven Digital Therapeutics Offering with Acquisition of Blue Mesa Health - Virgin Pulse, the leading global provider of enterprise SaaS solutions that simplify health and wellbeing, continues to disrupt the market with its latest acquisition of Blue Mesa Health, Inc., a global digital therapeutics company known for its Centers for Disease Control and Prevention (CDC)-recognised Diabetes Prevention Programme (DPP).

“As employers, employees and health plans embrace technology to help reduce and reverse chronic conditions, digital diabetes prevention programmes represent one of the largest opportunities to positively impact health and reduce healthcare costs,” said David Osborne, CEO of Virgin Pulse. “By combining Blue Mesa’s clinically-proven Diabetes Prevention Programme with Virgin Pulse’s high daily engagement rates, we can reach a greater share of the prediabetic population and sustain their engagement over meaningful periods of time.”

Blue Mesa’s DPP solution, Transform, has a proven track record of helping prediabetic employees and health plan members more effectively manage their health and achieve sustained lifestyle change. Based upon the CDC’s landmark National Diabetes Prevention Programme curriculum, Transform combines software, home health monitoring and remote health coaching to guide participants through a twelve-month behavior change programme. Transform has received full recognition by the CDC, signifying that the programme effectively delivers a proven Type 2 diabetes prevention and lifestyle change programme.

Announced today, the launch of Virgin Pulse Transform marks Virgin Pulse’s first digital therapeutic solution and will build upon Blue Mesa’s offering to address rising chronic disease-related health costs across Virgin Pulse’s existing base of over six million lives, as well as users within Blue Mesa’s existing customer base. Transform will be deeply integrated within Virgin Pulse’s existing platform and is initially available in five languages to support Virgin Pulse’s global customer base: English, Spanish, Chinese, Portuguese and Arabic.

According to the American Diabetes Association, more than one in three American adults is prediabetic, a condition that often leads to Type 2 diabetes within five years if left untreated. Further, $1 of every $7 of U.S. healthcare spend is attributable to diabetes-related treatment and complications, driven by the fact that on average, the healthcare costs of individuals with diabetes are 2.3x greater than those without the condition.1

“We are excited to join the leader in the employee health and wellbeing space and look forward to the massive distribution opportunities now available for Transform,” said Curtis Duggan, CEO of Blue Mesa Health. “Our outcomes speak for themselves and have earned us the highest form of recognition by the CDC. This is a significant, hard-earned achievement that very few DPP solutions can claim. We see substantial opportunity to expand Transform’s footprint globally and are eager to make the programme available to the millions of consumers who use Virgin Pulse to manage their health and wellbeing today.”

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Major Points in Table of Contents:

Global Corporate Wellness Market Report 2021

1 Corporate Wellness Definition

2 Global Corporate Wellness Market Major Player Share and Market Overview

2.1 Global Major Player Corporate Wellness Business Revenue

2.2 Global Corporate Wellness Market Overview

3 Major Player Corporate Wellness Business Introduction

3.1 Well Nation Corporate Wellness Business Introduction

3.2 Virgin Pulse Corporate Wellness Business Introduction

3.3 Provant Health Solutions Corporate Wellness Business Introduction

3.4 ComPsych Corporate Wellness Business Introduction

3.5 EXOS Corporate Wellness Business Introduction

3.6 Kinema Fitness Corporate Wellness Business Introduction

3.7 Karelia Health Corporate Wellness Business Introduction

3.8 Marino Wellness Corporate Wellness Business Introduction

3.9 Premise Health Corporate Wellness Business Introduction

3.10 Wellness Corporate Solutions Corporate Wellness Business Introduction

3.11 WorkStride Corporate Wellness Business Introduction

3.12 Lifeworks Corporate Wellness Business Introduction

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