Press release
Corporate Wellness Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast Till 2030
Corporate Wellness Market
Corporate wellness is one kind of program that has been designed to offer employees and their respective family's much-needed support in terms of a healthy environment to work. Corporate wellness has different health-based activities within their routine workspace which results in health issues and improves the quality of life which eventually proves their productivity as well. The increased demand for the corporate wellness market is considered to be a wise investment by many key players especially considering the stress management and mental health programs that are emerging these days. Further, the increased wearable technologies adoption and fitness activities with some chronic illnesses amongst the corporate employees are also another reason. There are also some concerns associated with the data breach of the employees which can turn out to be a restraining factor for the growth of the market.
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The focus however is more on ensuring the employee's health is prioritized along with their well-being which turned out to be an emerging platform for this market. It also offers great scope for the players operating in the market of the corporate wellness sector. Stress is considered the primary reason for the deteriorating health of people. This can be because of the juggling work, lack of job security, and issues that people face with the workload. People do feel stressed about their job role and there are some neck-related issues due to which the work gets affected.
The outbreak pandemic crises that occurred due to Covid-19 had a huge impact on the overall market. The employees got disconnected from their official working zone as they had to work from home. This transition in the work environment across the world from the physical presence to being available virtually resulted in market players providing their offering of advantages to change the need of the customer. The outbreak of the pandemic resulted in corporate wellness providers now adopt to online communication and also relying on digital technology like online platforms, cloud applications, and remote networking.
Market Segmentation:
As per the Service:
Fitness
Nutrition & weight management
Alcohol & drug abuse services
Stress management
Smoking cessation
Health risk assessment
Biometric screening
As per the Category
Psychological therapists
Organizations
Fitness & nutrition consultants
As per the End User
Large-scale organizations
Medium-scale organizations
Small-scale organizations
As per the Region
North America
Europe
Asia-Pacific
Middle East
Africa
Regional Classification
The regional analysis made on the corporate wellness market shows that it is bifurcated into regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. America, for now, is dominating the market over the past few years because of factors like mental health awareness and work stress.
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Competitive Analysis
MRFR recognizes the following companies as the key players in the global corporate wellness market- ComPsych Corporation (US), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Sodexo (France), and Vitality Group International, Inc. (US).
Industry News:
Sodexo May 2020 launched a program called "rise with Sodexo for its clients to meet the health and operational challenges.
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