Cost Advantages to be a Key Aspect Fueling the Global Workplace Wellness Market Growth

According to the estimations put forth by Inkwood Research, the Global Workplace Wellness Market is anticipated to project a CAGR of 6.62% in terms of revenue during the forecasting years of 2022-2030.

"Browse 43 Market Data Tables and 44 Figures spread over 172 Pages, along with an in-depth TOC on the Global Workplace Wellness Market Forecast 2022-2030."

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Activities or organizational policies intended to facilitate healthy behavior among employees, in addition to improving health outcomes, are integral to workplace wellness. It comprises a broad range of activities, such as on-site health education/fairs, stress management, free medical screenings, on-site kitchens and healthy food options, wellness communique, on-site fitness programs and facilities, health coaching, smoking cessation programs, weight loss, health club memberships, company wellness competitions, mobile and web-based education and social platforms, as well as other incentives.

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Advantages of Cost to Strengthen the Global Market Growth

Desk-based office employment contributes significantly to sedentary lifestyles. For instance, employees tend to remain in offices for several hours, then commute home, eat food, and ultimately unwind on their sofas. Long hours of sitting at a desk, integrated with environmental elements like workplace stresses such as meeting deadlines and artificial light, can have a detrimental impact on employees' mental and physical well-being. As a result, more businesses are implementing workplace wellness programs in order to encourage employees to enhance their physical activity, thus improving their cardiovascular and general health. On-site gyms and fitness sessions at workplaces also offer an opportunity for personnel who may not otherwise incorporate an exercise program. Furthermore, the corporation may also pay for workers' fitness expenses, supply corporate fitness monitors, organize group exercises, and provide premium access to wellness applications.

Biometric Screening is the Fastest-Growing Service
According to the US Centers for Disease Control and Prevention, biometric screenings are the measurement of physical characteristics like aerobic fitness, blood glucose, blood cholesterol, blood pressure, BMI, weight, and height. These can be taken at workplace as part of health assessment to evaluate ad regulate changes in the employee stats. Also, the biometric screenings aid in minimizing health risks, boost employee productivity, lower healthcare expenditure, and enhance health status.

Asia Pacific is the Fastest-Growing Region
The foreign direct investments and relaxation of barriers have facilitated the entry of several Europe- and US-based companies into the Chinese and Indian markets. This has also enabled the entry of intellectual resources like healthcare guidelines, training modules, and welfare schemes. As a result, workplace wellness practices also have made their way to the Asia-Pacific regions.

The competitive rivalry is determined by technology parameters, service reliability, and cost of provided services. ComPsych,Wellness Corporate Solutions (Labcorp Employer Services), Virgin Pulse, Aduro Inc, Vitality Group, etc., are among the eminent companies in the market.

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About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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