Corporate Wellness Market: Insights, Share, Growth, Latest Report with Current Trends, Future Estimations and Opportunity Analysis to 2029

Market Overview:

The global Corporate Wellness Market size was valued at USD 66.52 billion in 2021 and is projected to reach USD 123.18 billion by 2028, growing at a CAGR of 9.2% from 2022 to 2028.

Corporate wellness programmers are planned and implemented to assist employees in better understanding their health risks, engaging in healthy workplace behaviors, and saving money on healthcare. Companies are increasingly implementing these programs to increase productivity, decrease absenteeism, and improve team member morale and work quality. They include policies, initiatives, and benefits that influence employees and the organization by addressing different risk factors and circumstances.

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Market Dynamics:

Driver:

In recent years, the increasing prevalence of chronic diseases has been the driving force behind the expansion of the corporate wellness sector. Due to a hurried lifestyle, a number of people may not have sufficient time after work to care for their physical and mental health, resulting in major health problems. For instance, according to Statista, there were 537 million diabetes sufferers worldwide in 2021. According to the World Health Organization, 17,9 million people die annually from cardiovascular illnesses. These are diseases that can be prevented, and workplace wellness programs can help employees develop healthy habits. In addition, Medwise is a diabetes solution provider that has developed "Health and Wellness Programs" to promote healthier lifestyle choices among employees. Therefore, the growing prevalence of chronic diseases among employees supports market growth.

Opportunities:

Using cutting-edge technology in wellness programs is a profitable possibility for market expansion. Today, wearable technologies such as fitness trackers and Fitbit's smartwatches that monitor activity levels and boost workplace productivity are gaining popularity. Other AI-based tools, such as conversational chatbots, are the simplest and most cost-effective ways for businesses to manage risk profiles based on physical, mental, and lifestyle factors. In the next years, it is projected that these new technologies will present a lucrative potential for the corporate wellness market.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Service Type
• Health Risk Assessment
• Fitness
• Smoking Cessation
• Health Screening
• Nutrition & Weight Management
• Stress Management
• Others

By End-User
• Small Scale
• Medium Scale
• Large Scale

By Delivery Model
• Onsite
• Offsite

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Regional Analysis Of Corporate Wellness Market
North America is the dominating region in the corporate wellness market during the forecast period. This is owing to the growing number of new organizations and growing increasing adoption of wellness programs like nutritional balance, weight management, fitness classes, smoking cessation programs, and other programs by organizations in this region. In recent years the prevalence of chronic diseases is rising so companies focused on employees' health. For instance, according to the Centre for Disease Control and Prevention (CDC), about 37.3 million Americans suffer from diabetes.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Top Key Players Covered In Corporate Wellness Market
• ComPsych Corporation (US)
• Wellness Corporate Solutions (US)
• Virgin Pulse (US)
• Provant Health Solutions (US)
• EXOS(US)
• Marino Wellness (US)
• Privia Health (US)
• Vitality Group (Chicago)
• Wellsource Inc. (US)
• Central Corporate Wellness (Singapore)
• Truworth Wellness (US)
• SOL Wellness (US)
• CXA Group (Singapore)
• Optum (US) and other major players.

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Key Industry Development In The Corporate Wellness Market
In February 2022, Quantum CorpHealth Pvt Ltd, a health tech company, opened three new offices in Bengaluru, Pune, and Hyderabad to meet the country's rapidly growing need for health and wellness services for corporate employees and their dependents.
In December 2020, MediKeeper announced the launch of the Fully Integrated COVID-19 App with risk assessment, cleared for workflow, and case management.

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Table of content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Corporate Wellness Market by Service Type
Chapter 6: Corporate Wellness Market by End-Users
Chapter 7: Corporate Wellness Market by Delivery Model
Chapter 8: Company Profiles and Competitive Analysis
Chapter 9: Global Corporate Wellness Market Analysis, Insights and Forecast, 2016-2028
To be continue….

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https://introspectivemarketresearch.com/reports/digital-therapeutics-and-wellness-market/

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