Press release
Workplace Wellness Market May See a Big Move | Fitbit, Novant Health, EXOS, Virgin Pulse
Workplace Wellness Market
Drivers, restraints and opportunities:
Rise in incidence of chronic diseases, and increase in awareness and implementation of wellness programs by employers are the prime factors fueling the growth of the global workplace wellness market. On the other hand, huge costs levied to the respective companies curb the growth to some extent. Nevertheless, untapped developing economies are expected to create a plethora of opportunities in the near future.
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Covid-19 Scenario:
The COVID-19 outbreak will impact the market in the initial phase of the forecast period. The COVID-19 impact has resulted in downsizing of employees in many organizations. Companies are laying off employees in an effort to cut costs. Laying off employees in the form of cost cutting has reduced workplace wellness cost, which is anticipated to create a negative impact on the workplace wellness market.
Recently, workplace wellness programs have gained importance. In addition, the COVID-19 pandemic has underlined to prioritize health and wellbeing of employees, in terms of physical and mental health. Various strategies were adopted by the key players and government initiatives were undertaken for the better understanding of COVID-19 impact on the global workplace wellness market.
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Key Findings Of The Study:
By type, the health screening & assessment segment dominated the workplace wellness market in 2019. This is attributed to increase in adoption of these health screening & assessment programs by most of employers worldwide to improve health fitness of their employees. However, the stress management services segment is anticipated to grow at the fastest growth rate during the forecast period.
By end user, the large-size organizations segment dominated the market in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to the fact that large-size organizations have more workforce strength. This segment is anticipated to grow at the fastest growth rate during the forecast period
North America accounted for the largest share in the global workplace wellness market.
Leading players of the global Workplace Wellness Market analyzed in the research include:
1. COMPSYCH CORPORATION
2. EXOS
3. FITBIT, INC.
4. HEALTHIFYME WELLNESS PRIVATE LIMITED
5. MARINO WELLNESS, LLC
6. MDVIP
7. NOVANT HEALTH
8. VIRGIN PULSE, INC.
9. VITALITY HEALTH LIMITED
10. WORKSTRIDE
Workplace Wellness Market Segmentation:
The health screening and assessment segment to lead the trail by 2026-
Based on type, the health screening and assessment segment, contributed to more than one-fourth of the global workplace wellness market share in 2018, and is expected to dominate throughout the forecast period. This is attributed to the fact that most of the companies are focusing toward health screening and assessment programs. On the other hand, the weight management and fitness services segment would showcase the fastest CAGR of 7.4% during 2019-2026. This is due to increase in incidence of obesity across the globe.
The large-size companies segment to dominate during the estimated period-
Based on end-user, the large-size companies segment accounted for more than one-fourth of the global workplace wellness market revenue in 2018, and is projected to lead the trail by the end of 2026. The fact that large size companies have more budget to spend on workplace wellness programs has boosted the segment growth. Simultaneously, the mid-size companies' segment is anticipated to register the fastest CAGR of 7.0% during the study period. Increased adoption of wellness programs by mid-size companies has driven the growth.
North America to rule the roost-
Based on geography, North America held the major share in 2018, generating nearly two-fifths of the global workplace wellness market, owing to the presence of major workplace wellness service providers and better healthcare and medical infrastructure in the region. The same region would also cite the fastest CAGR of 6.5% till 2026.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Q1. What is the total market value of Workplace Wellness market report ?
Q2. What would be forecast period in the market report?
Q3. What is the market value of Workplace Wellness market in 2020?
Q4. Which is base year calculated in the Workplace Wellness market report?
Q5. What are the Key Industry Leaders opinion for the Workplace Wellness market?
Q6. What are the key trends in the Workplace Wellness market report?
Q7. What is the market growth % of Workplace Wellness market?
Q8. Which segment holds the maximum market share of the Workplace Wellness market?
By Region Outlook:
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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Table of Content
Chapter One: Industry Overview
Chapter Two: Major Segmentation (Classification, Application and etc.) Analysis
Chapter Three: Production Market Analysis
Chapter Four: Sales Market Analysis
Chapter Five: Consumption Market Analysis
Chapter Six: Production, Sales and Consumption Market Comparison Analysis
Chapter Seven: Major Manufacturers Production and Sales Market Comparison Analysis
Chapter Eight: Competition Analysis by Players
Chapter Nine: Marketing Channel Analysis
Chapter Ten: New Project Investment Feasibility Analysis
Chapter Eleven: Manufacturing Cost Analysis
Chapter Twelve: Industrial Chain, Sourcing Strategy and Downstream Buyers
Thank you for reading the article, Regional reports like North America, Europe, Asia-Pacific, LAMEA are also available.
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