Corporate Wellness Solutions Market 2021 Global Analysis By Service Offering, End-User, Size, Share, Growth Analysis and Top Companies - ComPsych Corporation (US), LifeWorks, Inc. (Canada), UnitedHealth Group (Optum) (US), Anthem, Inc. (US)

The Corporate Wellness Solutions Market report will help you to understand the market definition, categorization, application, and trends for the Healthcare industry. It forecasts the market status, growth rate, market drivers, restraints, opportunities and challenges, future trends, risks and growth factors, sales volume and value, channels, and distributors. This global Corporate Wellness Solutions Market research report is an exhaustive analysis focusing on primary and secondary drivers across the different geographical regions, their product trends in different application industries. The Corporate Wellness Solutions Market research document is the outcome of a thorough analysis estimation of significant industry trends, and market dynamics.

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Corporate Wellness Solutions Market by Service Offering (HRA, Nutrition, Weight Loss, Fitness, Substance Abuse Management, Employee Assistance Programs, Health Benefits), & End-User (Organizations (Large, Mid-Sized, SME)) - Global Forecast to 2026 The corporate wellness solutions market is projected to reach USD 94.6 billion by 2026 from USD 61.2 billion in 2021, at a CAGR of 9.1%.

The prominent players in the global corporate wellness solutions market are

ComPsych Corporation (US),
LifeWorks, Inc. (Canada),
UnitedHealth Group (Optum) (US),
Anthem, Inc. (US),
Workplace Options (US),
Cerner Corporation (US),
Centene Corporation (US),
TELUS (Canada),
Cleveland Clinic (US),
Wellright (US),
Virgin Group Ltd. (US),
CVS Health Corporation (US),
Alphabet Inc. (Fitbit) (US),
Discovery Limited (Vitality Group) (South Africa),
EXOS (US),
Laboratory Corporation of American Holdings (US),
Sharecare (US),
Gilsbar (US),
Medcan Clinic (Canada),
Limeade (US),
Aduro, Inc. (US),
TotalWellness (US),
Wellsteps (US),
Corporate Fitness Works (US),
and WellWorks For You (US).

Research Coverage:

The report analyzes the market for various corporate wellness solutions and their adoption pattern. It aims at estimating the market size and future growth potential of the corporate wellness solutions and different segments such as service offering, end-user, and region. The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, product & service offerings, and recent developments.

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The report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one or any combination of the below-mentioned five strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the global corporate wellness solutions market.

Product Development/Innovation: Detailed insights on the upcoming trend, and service launches in the global corporate wellness solutions market.

Market Development: Comprehensive information on the lucrative emerging regions by service offering, end user, and region.

Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the global corporate wellness solutions market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, revenue analysis, and products & services of leading players in the global corporate wellness solutions market.

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Growth in the market is driven by rising adoption of corporate wellness programs by employers, increased uptake of technology-powered corporate wellness solutions and substantial burden of chronic lifestyle diseases and mental health issues in organizations. However, the dearth of skilled professionals required to support corporate wellness programs could restrain the growth of the market.

“The health risk assessment segment holds the highest market share, by service offering, in the corporate wellness solutions market, in the forecast period.”

On the basis of service offering, the corporate wellness solutions market is broadly segmented into health risk assessment, nutrition and weight management, smoking cessation, fitness services, biometric screening, alcohol/substance abuse services, mental/behavioral health management, health education services, virtual consultation/virtual care, employee assistance programs, and health benefits programs.

The large share of this segment can be attributed to the utility of this service for early identification and mitigation health risks in employees, to reduce absenteeism due to health conditions, and lower healthcare costs. Moreover, favorable policies in certain countries mandating health risk assessment and screening is responsible for the high adoption of this segment.

“The small-sized organizations segment to grow at the highest CAGR in the corporate wellness solutions market, in the forecast period.”

Based on end user, the corporate wellness solutions market is broadly segmented into large, medium-sized, and small organizations. The small organizations segment is projected to grow at the highest CAGR during the forecast period. Growth in this segment is largely driven by the growing use of corporate wellness programs by these organizations due to the rising affordability and favorable payment models for small businesses.

“North America holds the largest share in the corporate wellness solutions market, by region, in the forecast period”

The corporate wellness solutions market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share in the corporate wellness solutions market in 2020. The large share of this regional segment can be attributed to the rising need for corporate wellness solutions for employees due to the rising prevalence of chronic conditions, mental health issues, and substance abuse and the growing need to reduce healthcare expenditure.

A breakdown of the primary participants for the corporate wellness solutions market referred to for this report is provided below:

By Company Type: Tier 1–40%, Tier 2–38%, and Tier 3–22%
By Designation: C-level–40%, Director Level–35%, and Others–25%
By Region: North America–39%, Europe–28%, Asia Pacific–22%, Rest of the World – 11%

Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions And Exclusions
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Corporate Wellness Solutions Market Segmentation
Figure 2 Corporate Wellness Solutions Market, By Region
1.3.2 Years Considered For The Study
1.4 Currency
Table 1 Standard Currency Conversion Rates
1.5 Stakeholders

2 Research Methodology
2.1 Research Approach
2.2 Research Methodology Design
Figure 3 Corporate Wellness Solutions Market: Research Design
2.2.1 Secondary Research
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
Figure 4 Primary Sources
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Insights From Primary Experts
Figure 5 Breakdown Of Primary Interviews: Supply-Side And Demand-Side Participants
Figure 6 Breakdown Of Primary Interviews: By Company, Designation, And Region
2.3 Market Size Estimation
Figure 7 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 8 Revenue Share Analysis Illustration
Figure 9 Revenue Analysis Of The Top 3 Public Companies: Corporate Wellness Solutions Market (2020)
Figure 10 Bottom-Up Approach: End-User Adoption/Consumption Of Corporate Wellness Services (Us)
Figure 11 Bottom-Up Approach: End-User Adoption/Consumption Of Corporate Wellness Services (Europe)
Figure 12 Bottom-Up Approach: End-User Adoption/Consumption Of Health Risk Assessment Solutions (Us)
Figure 13 Cagr Projections From The Analysis Of Drivers, Restraints, Opportunities, And Challenges Of The Corporate Wellness Solutions Market (2021–2026)
Figure 14 Cagr Projections: Supply-Side Analysis
Figure 15 Top-Down Approach
2.4 Market Breakdown & Data Triangulation
Figure 16 Data Triangulation Methodology
2.5 Market Share Estimation
2.6 Assumptions For The Study
2.7 Limitations
2.7.1 Methodology-Related Limitations
2.7.2 Scope-Related Limitations
2.8 Risk Assessment
Table 2 Risk Assessment: Corporate Wellness Solutions Market

3 Executive Summary
Figure 17 Corporate Wellness Solutions Market, By Service Offering, 2021 Vs. 2026 (Usd Billion)
Figure 18 Corporate Wellness Solutions Market, By End User, 2021 Vs. 2026 (Usd Billion)
Figure 19 Geographic Snapshot: Corporate Wellness Solutions Market

4 Premium Insights
4.1 Corporate Wellness Solutions Market Overview
Figure 20 Increased Uptake Of Technology-Powered Corporate Wellness Solutions Responsible For Market Growth
4.2 North America: Corporate Wellness Solutions Market, By Service Offering
Figure 21 In North America, Large Organizations Commanded The Largest Share In The Corporate Wellness Solutions Market, By End User, In 2020
4.3 Corporate Wellness Solutions Market: Geographic Mix
Figure 22 China To Witness The Highest Growth In The Corporate Wellness Solutions Market During The Forecast Period
4.4 Regional Mix: Corporate Wellness Solutions Market
Figure 23 North America Dominated The Market In 2020

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 24 Corporate Wellness Solutions Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Market Drivers
5.2.1.1 Rising Adoption Of Corporate Wellness Programs
Figure 25 Us: Percentage Of Firms Providing Health Risk Assessment Solutions (Among Firms Offering Health Benefits), 2015–2019
5.2.1.2 Technology-Powered Corporate Wellness Solutions
Figure 26 Us: Percentage Of Firms Providing Employees With Wearable Technologies As Part Of Their Health Improvement Program, By Firm Size, 2019
5.2.1.3 Substantial Burden Of Chronic Lifestyle Diseases And Mental Health Issues In Organizations
Figure 27 Total Health Expenditure On Diabetes (Usd Million), By Region, 2019
Figure 28 Percentage Of Small And Large Firms Offering Corporate Wellness Programs In The Us, 2019
5.2.2 Market Restraints
5.2.2.1 Dearth Of Qualified And Licensed Professionals To Support Corporate Wellness Programs
5.2.3 Market Opportunities
5.2.3.1 Increased Focus On Employee Health And Wellbeing Driven By The Covid-19 Pandemic
5.2.3.2 Emerging Countries With A Large Working Population
5.2.4 Market Challenges
5.2.4.1 Low Employee Engagement And Participation In Corporate Wellness Programs
5.2.4.2 Budgetary Constraints
5.2.4.3 Adoption Of Internal Employer-Led Wellness Programs Through Benefits Packages And Perks
5.3 Scenarios: Pessimistic, Realistic, And Optimistic
5.3.1 Corporate Wellness Solutions Market
5.4 Covid-19 Impact Analysis
5.4.1 Covid-19 Health Assessment
5.5 Covid-19 Economic Assessment
5.6 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 29 Criteria Impacting The Global Economy
5.7 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Corporate Wellness Solutions Market
5.8 Trends/Disruptions Impacting Customers’ Businesses (Yc-Ycc)
5.8.1 Corporate Wellness Solutions Market
5.8.1.1 Revenue Sources Are Shifting Towards More Technology-Based Solutions Due To The Covid-19 Pandemic
Figure 30 Revenue Shift In The Corporate Wellness Solutions Market
5.9 Average Selling Price Trend
Table 3 Average Pricing Of Corporate Wellness Service Offerings, By Region (Usd)
5.10 Ecosystem/Market Map
Table 4 Corporate Wellness Solutions Market: Ecosystem
5.11 Patent Analysis: Biometric Screening
Figure 31 List Of Major Patents For Biometric Screening
5.12 Case Study Analysis
5.12.1 Case Study 1: Corporate Wellness Programs Lowering The Risk Of Chronic Diseases In Employees
5.12.2 Case Study 2: Workplace Mental Health Strategy
5.13 Technological Analysis: Wearable Technology
5.13.1 Key Technology
5.13.2 Complementary Technology
5.13.2.1 Medical Wearable Technology
5.13.3 Adjacent Technology
5.13.3.1 Iot (Internet Of Things) In Healthcare
5.14 Regulatory Landscape
5.14.1 North America
5.14.2 Europe
5.15 Porter’s Five Forces Analysis
Figure 32 Porter’s Five Forces Analysis (2020): Corporate Wellness Solutions Market
Table 5 Corporate Wellness Solutions Market: Porter’s Five Forces Analysis
5.15.1 Threat From New Entrants
5.15.1.1 Growth In The Overall Corporate Wellness Solutions Industry
5.15.1.2 High Labor Intensity Of The Market
5.15.2 Threat From Substitutes
5.15.2.1 Internal Wellness Programs Designed By Hr Departments
5.15.2.2 Gyms And Health Clubs Offering Corporate Wellness Programs
5.15.3 Bargaining Power Of Suppliers
5.15.3.1 Price Sensitivity Of The Market
5.15.3.2 Large Number Of Market Players
5.15.4 Bargaining Power Of Buyers
5.15.4.1 Low Differentiation Between Service Offerings And Low Switching Costs
5.15.5 Intensity Of Competitive Rivalry
5.15.5.1 Similar Services Offered By Market Players

6 Corporate Wellness Solutions Market, By Service Offering
6.1 Introduction
Table 6 Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 7 Corporate Wellness Solutions Market, By Country, 2019–2026 (Usd Million)
6.2 Health Risk Assessment
6.2.1 Rising Adoption Of Health Risk Assessment Services Due To The Covid-19 Pandemic To Boost The Growth Of This Segment
Table 8 Corporate Wellness Solutions Market For Health Risk Assessment, By Country, 2019–2026 (Usd Million)
6.3 Nutrition And Weight Management
6.3.1 Growing Focus On Nutrition And Weight Management By Employers To Reduce Health Risk In Employees To Promote Growth In This Segment
Table 9 Us: Percentage Of Firms Offering Programs To Lose Weight (2019)
Table 10 Nutrition And Weight Management Services Provided For Corporate Wellness Programs
Table 11 Corporate Wellness Solutions Market For Nutrition And Weight Management, By Country, 2019–2026 (Usd Million)
6.4 Smoking Cessation Services
6.4.1 Reduced Healthcare Costs With Smoking Cessation To Boost The Uptake Of These Services By Organizations
Table 12 Corporate Wellness Solutions Market For Smoking Cessation Services, By Country, 2019–2026 (Usd Million)
6.5 Fitness Services
6.5.1 Rising Popularity Of Wearable Devices In Corporate Fitness Programs Driving Growth In This Segment
Table 13 Corporate Wellness Solutions Market For Fitness Services, By Country, 2019–2026 (Usd Million)
6.6 Biometric Screening
6.6.1 Incentivized Biometric Screening Programs May Boost The Growth Of This Segment
Figure 33 Us: Percentage Of Firms Offering Biometric Screening (Among Those Offering Health Benefits) In The Us, By Firm Size (2019)
Table 14 Corporate Wellness Solutions Market For Biometric Screening, By Country, 2019–2026 (Usd Million)
6.7 Alcohol And Substance Abuse Services
6.7.1 Rising Incidence Of Alcohol & Substance Abuse In The Covid-19 Pandemic To Promote The Growth Of This Segment
Figure 34 Us: Percentage Of Firms Taking Various Actions In Response To The Opioid Crisis In The Us, By Firm Size (2019)
Table 15 Corporate Wellness Solutions Market For Alcohol And Substance Abuse Services, By Country, 2019–2026 (Usd Million)
6.8 Mental/Behavioral Health Management
6.8.1 Phone/Video Counseling And Wellness Platforms Encourage The Adoption Of Corporate Wellness Programs Focusing On Mental Health Management
Table 16 Corporate Wellness Solutions Market For Mental/Behavioral Health Management, By Country, 2019–2026 (Usd Million)
6.9 Health Education Services
6.9.1 Health Education Is The Core And Key To The Success Of Any Corporate Wellness Program—A Key Factor Driving Market Growth
Table 17 Corporate Wellness Solutions Market For Health Education Services, By Country, 2019–2026 (Usd Million)
6.10 Virtual Care/Consultation Services
6.10.1 Rising Adoption And Coverage Of Virtual Care/Consultation In Health Benefit Programs By Employers To Boost The Growth Of This Market
Table 18 Corporate Wellness Solutions Market For Virtual Care/Consultation Services, By Country, 2019–2026 (Usd Million)
6.11 Employee Assistance Programs
6.11.1 Need To Ensure Holistic Wellbeing Of Employees Drives The Growth Of This Segment
Table 19 Examples Of Employee Assistance Programs Provided By Corporate Wellness Solutions Market Players
Table 20 Corporate Wellness Solutions Market For Employee Assistance Programs, By Country, 2019–2026 (Usd Million)
6.12 Health Benefit Programs
6.12.1 Need For Seamless Navigation Of Health Benefits By Employees Propelling The Growth Of This Segment
Table 21 Examples Of Health Benefit Programs Provided By Corporate Wellness Solutions Market Players
Table 22 Corporate Wellness Solutions Market For Health Benefit Programs, By Country, 2019–2026 (Usd Million)

7 Corporate Wellness Solutions Market, By End User
7.1 Introduction
Table 23 Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
7.2 Large Organizations
7.2.1 High Utilization Of Workplace Wellness Programs And Favorable Incentivization To Promote The Growth Of This Segment
Figure 35 Us: Percentage Of Firms In The Us Offering Incentives For Participation In Corporate Wellness Programs, By Firm Size (2019)
Table 24 Corporate Wellness Solutions Market For Large Organizations, By Country, 2019–2026 (Usd Million)
7.3 Medium-Sized Organizations
7.3.1 Rising Awareness Of Benefits And Returns On Investment Of Wellness Programs To Boost The Growth Of This End-User Segment
Table 25 Corporate Wellness Solutions Market For Medium-Sized Organizations, By Country, 2019–2026 (Usd Million)
7.4 Small Organizations
7.4.1 Rising Affordability And Favorable Payment Models To Boost The Growth Of This Segment
Table 26 Corporate Wellness Solutions Market For Small Organizations, By Country, 2019–2026 (Usd Million)

8 Corporate Wellness Solutions Market, By Region
8.1 Introduction
Figure 36 Geographic Snapshot Of The Corporate Wellness Solutions Market
Table 27 Corporate Wellness Solutions Market, By Region, 2019–2026 (Usd Million)
8.2 North America
Figure 37 North America: Corporate Wellness Solutions Market Snapshot
Table 28 North America: Corporate Wellness Solutions Market, By Country, 2019–2026 (Usd Million)
Table 29 North America: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 30 North America: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.2.1 Us
8.2.1.1 Increasing Prevalence Of Chronic Disease And The Rising Opioid Crisis To Drive Growth In The Corporate Wellness Solutions Market In The Us
Table 31 Us: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 32 Us: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.2.2 Canada
8.2.2.1 Increasing Mental Health Issues And Substance Abuse Fueled By The Covid-19 Pandemic To Drive The Demand For Corporate Wellness Solutions In Canada
Table 33 Canada: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 34 Canada: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3 Europe
Table 35 Europe: Corporate Wellness Solutions Market, By Country, 2019–2026 (Usd Million)
Table 36 Europe: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 37 Europe: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.1 Germany
8.3.1.1 High Prevalence Of Obesity And Growing Burden Of Substance Abuse To Increase The Adoption Of Corporate Wellness Solutions In Germany
Table 38 Germany: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 39 Germany: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.2 France
8.3.2.1 Growing Absenteeism Due To Poor Physical And Mental Wellbeing Of Employees To Drive Market Growth In France
Table 40 France: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 41 France: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.3 Uk
8.3.3.1 Increasing Work Stress And The Growing Prevalence Of Obesity In The Country To Boost The Demand For Employee Health And Wellness Solutions
Table 42 Uk: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 43 Uk: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.4 Italy
8.3.4.1 Growing Demand For Virtual Care/Consultation Services In The Country To Drive Market Growth
Table 44 Italy: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 45 Italy: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.5 Spain
8.3.5.1 High Incidence Of Obesity And Heart Disease To Drive The Demand For Nutrition And Weight Management And Fitness Services In Spain
Table 46 Spain: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 47 Spain: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.3.6 Rest Of Europe
Table 48 Roe: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 49 Roe: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.4 Asia Pacific
Figure 38 Asia Pacific: Corporate Wellness Solutions Market Snapshot
Table 50 Asia Pacific: Corporate Wellness Solutions Market, By Country, 2019–2026 (Usd Million)
Table 51 Asia Pacific: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 52 Asia Pacific: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.4.1 China
8.4.1.1 Increasing Number Of Lifestyle Diseases, Coupled With Growing Tobacco Addiction, To Drive The Demand For Corporate Wellness Solutions
Table 53 China: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 54 China: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.4.2 Japan
8.4.2.1 Favorable Regulations And Increasing Focus On Workplace Wellness To Boost Market Growth In Japan
Table 55 Japan: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 56 Japan: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.4.3 India
8.4.3.1 Rising Digitization Of Services And Increasing Penetration Of Smartphones And Wearable Devices To Contribute To Market Growth
Table 57 India: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 58 India: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.4.4 Roapac
Table 59 Roapac: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 60 Roapac: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)
8.5 Rest Of The World
Table 61 Row: Corporate Wellness Solutions Market, By Service Offering, 2019–2026 (Usd Million)
Table 62 Row: Corporate Wellness Solutions Market, By End User, 2019–2026 (Usd Million)

9 Competitive Landscape

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