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Corporate Wellness Solutions Market to hit US$ 110.09 Bn by 2028, says Adroit Market Research

02-07-2023 10:46 AM CET | IT, New Media & Software

Press release from: Adroit Market Research

Corporate Wellness Solutions Market

Corporate Wellness Solutions Market

By giving employees access to services like health risk assessment, exercise, smoking cessation, health screening, and other health-related services, Corporate Wellness Solutions are programmes created to assist businesses in improving the health and wellness of their employees. These services are typically provided as a part of a wider workplace wellness programme and are specifically tailored to match the needs of an employer.

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By 2028, a CAGR of 8.29% is projected for the global market for corporate wellness solutions, which is predicted to reach USD 110.09 billion. The growing emphasis on employee health and well-being in contemporary workplaces, as well as companies' recognition that healthier workers are more productive, are the main drivers of this expansion. Additionally, businesses are spending more money on corporate wellness programmes as a cost-effective way to lower medical expenses and boost profits.

Due to its capacity to give employees insights into their present health status and risk factors, the health risk assessment service category is anticipated to experience the quickest growth in the worldwide corporate wellness solutions market during the forecast period. Health risk assessments are becoming more and more significant in corporate wellness programmes because they enable staff members to recognise health risks and conditions and make educated decisions about their health and well-being.

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Due to rising awareness of corporate wellness solutions and their significance for employee health and wellbeing, the large-scale category is anticipated to hold the greatest share of the market for corporate wellness solutions among end users during the projected period. Large-scale businesses are increasingly investing in corporate wellness programmes to improve worker safety and health, lower medical expenses, and boost profits.

The corporate wellness solutions market is anticipated to be dominated by the nutritional consulting segment. Through the use of nutritional consulting services, businesses can better their employees' overall well-being by educating and advising them about nutrition. These businesses can also offer customised nutrition plans and health evaluations so that workers can improve their diet and way of life.

Because of its affordability and ease, the online segment is anticipated to lead the market for corporate wellness solutions in terms of delivery. Online corporate wellness programmes give workers access to a variety of individualised health resources, such as meal planners, diet plans, health assessments, nutrition guides, tracking services, and more. By providing individualised guidance and assistance, these services not only assist employees in improving their diets but also give them the tools they need to take control of their own health and well-being. Geographically, North America is anticipated to dominate the market for corporate wellness solutions due to its advanced healthcare system, high expenditure on employee health and wellness initiatives, and rising employee awareness of the value of their own personal health. The market for corporate wellness solutions is also expanding as major technology firms in the area introduce cutting-edge wellness programmes to support their staff.

Fitbit, a US-based provider of health and wellness technologies, announced the introduction of its corporate wellness programmes in January 2022. For the purpose of assisting companies in encouraging their staff to lead healthier lifestyles, the solution will come with features like goal-setting tools, personal health tracking, and health coaching. Virgin Pulse, a US-based company that offers employee wellness programmes, announced the introduction of its Wellbeing Benefits Solution in March 2021. The service gives companies access to individualised wellness options, such as individualised nutrition counselling, mental health coaching, and physical activity tracking, to help them manage the health and well-being of their employees.

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ABOUT US:
Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a markets size, key trends, participants and future outlook of an industry. We intend to become our clients knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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