Workplace Wellness Market Booms Globally to Register 6.1% CAGR By 2026: Allied Market Research

The global workplace wellness market across the North America dominated the market in 2018 and is anticipated to maintain its dominance throughout the forecast period.

As per the report published by Allied Market Research, the global workplace wellness market is expected to reach $74.00 billion, growing at a CAGR of 6.1% by 2026. The report highlights the major segments, market characteristics, top investment pockets, growth by segmentation, and competitive landscape.

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Onkar Sumant, Assistant Manager, Healthcare at Allied Market Research, stated, “The workplace wellness market is anticipated to witness a significant growth in the future. The most adopted type of workplace wellness programs include health screening & assessments including standard tests such as total cholesterol, LDL (low-density lipoproteins), HDL (high-density lipoproteins), triglycerides, glucose, and body composition (BMI, waist circumference, and body fat percentage). Moreover, there is a steady increase in such programs in developing economies, which further propels the market growth. Further, North America dominated the global market, owing to increase in adoption of wellness programs by companies, presence of more large-scale organizations, and awareness among employers toward maintenance of the wellbeing of their employees.”

According to the report, the region across the North America dominated the market with nearly two-fifths of the global market in terms of revenue in 2018. Furthermore, the same region is also expected to portray the fastest CAGR of 6.5% during the forecast period. Other regions analyzed in the report include Europe, Asia-Pacific, and LAMEA.

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The global workplace wellness market is analyzed across type and end user.
Based on type, the market is classified into management & fitness services, nutrition & dietary plan, stress management services, health screening & assessment, and smoking cessation. The health screening and assessment segment contributed to the highest market revenue, accounting for more than one-fourth of the total market share. On the other hand, the weight management and fitness services segment is expected to manifest the fastest CAGR of 7.4% during the forecast period.

Based on end user, the global workplace wellness market is divided on the basis of large-size private organizations, mid-size private organizations, small-size private organizations, public sector, and NGO. The large-size companies segment dominated the market with more than one-fourth of the total market revenue in 2018. At the same time, the mid-size companies' segment is expected to grow at the fastest CAGR for 7.4% from 2020 to 2026.

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The global workplace wellness market report includes a comprehensive analysis of the major market players such as Fitbit, Novant Health, EXOS, Virgin Pulse, Vitality Health, ComPsych, HealthifyMe, MDVIP, Marino Wellness, WorkStride. Some of the others players considered are FitLinxx, Truworth Wellness, Central Workplace Wellness Workplace Solutions, Privia Health, and Wellsource.

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About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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