Press release
Corporate Wellness Solutions Market Industry Size 2022 at 9% CAGR by Share, Growth, Top Key Players, Business Opportunities and Forecast 2029
The Global Corporate Wellness Solutions Market is forecast to reach above 120.32 USD billion by 2029 by rising at a compound annual growth rate (CAGR) of 9% throughout the forecast period from 2022 to 2029Corporate Wellness Solutions Market Overview
Increased use of technology-powered corporate wellness solutions, expanding employer acceptance of corporate wellness programmes, and the significant burden of chronic lifestyle illnesses and mental health in businesses are all contributing to the market for corporate wellness solutions' growth. Low employee engagement and involvement in corporate wellness programmes as well as the adoption of internal-led corporate wellness programmes through incentives and perks pose challenges for the market for corporate wellness solutions.
Programs that target various risk factors and conditions and have an impact on both workers and the entire firm make up corporate wellness initiatives. The National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) asserts that corporate wellness and health promotion initiatives and the provision of disease prevention plans have the potential to significantly lower healthcare costs by influencing more than 150 million American workers.
The global Corporate Wellness Solutions market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In April 2021, Workplace Options (US) launched a specialized program, Revive, to assist employees experiencing or at risk of burnout through live counseling and coaching sessions.
In February 2021, LifeWorks, Inc. completed the acquisition of SMG Health Pty. Ltd. (Australia) through its LifeWorks Business, expanding the company's service offerings in Australia.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Corporate Wellness Solutions market manufacturers. The revenue created from the sales of Corporate Wellness Solutions Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are ComPsych Corporation, LifeWorks, Inc., UnitedHealth Group (Optum), Anthem, Inc., Workplace Options, Cerner Corporation, Centene Corporation, TELUS, Cleveland Clinic, Wellright, Virgin Group Ltd., CVS Health Corporation and Others.
The Corporate Wellness Solutions Market has been segmented as below:
Corporate Wellness Solutions Market by Service Offering, 2020-2029, (USD Million)
HRA
Nutrition
Weight Loss
Fitness
Substance Abuse Management
Employee Assistance Programs
Health Benefits
Corporate Wellness Solutions Market by End User, 2020-2029, (USD Million)
Large Organizations
Mid-Sized Organizations
SME Organizations
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Corporate Wellness Solutions Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Corporate Wellness Solutions market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Corporate Wellness Solutions Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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