Corporate Wellness Market Trends, Top Companies, Share, Growth And Forecast 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Corporate Wellness Global Market Report 2023 identifies the rising prevalence of chronic illnesses among corporate workers as the major driver for the corporate wellness market's growth in the forecast period. A chronic illness is a medical condition or illness that often lasts for three months or more and has the potential to get worse over time. The rising prevalence of chronic illnesses among corporate workers expands the corporate wellness market as companies wellness programs enhance the health conditions of workers by providing a wide range of services that minimize chronic disease conditions.

The global corporate wellness market size is expected to grow from $60.64 billion in 2022 to $65.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global corporate wellness market size is expected to reach $87.94 billion in 2027 at a CAGR of 7.8%.

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Major competitors in the corporate wellness market are ComPsych Corporation, Wellness Corporate Solutions LLC, Virgin Pulse, Provant Health Solutions LLC, Exos, Marino Wellness, Privia Health, Vitality Group International Inc., Wellsource Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness LLC, Well Nation, Aduro Inc., Beacon Health Options Inc., and Fitbit Inc.

A key trend in the corporate wellness market includes technological advancement. Major companies operating in the corporate wellness market are focused on developing technological solutions to strengthen their position in the market. For instance, in September 2022, Virgin Pulse, a US-based company that offers employee well-being solutions, launched VP Activate, a more advanced intelligent communication solution that makes it easy for companies and health systems to reach out to their audiences more quickly and proactively. VP Activate is a data-driven, multiple-channel communication solution that recognizes and connects people at risk of a care gap, as well as determines the best approach to interact with important groups to promote action. It assesses each person's requirements, identifies obstacles to filling care gaps and other wellness activities, and then employs a surround-sound strategy to achieve good results through both online and offline channels.

Major companies operating in the corporate wellness market are focused on developing technological solutions to strengthen their position in the market. For instance, in September 2022, Virgin Pulse, a US-based company that offers employee well-being solutions, launched VP Activate, a more advanced intelligent communication solution that makes it easy for companies and health systems to reach out to their audiences more quickly and proactively. VP Activate is a data-driven, multiple-channel communication solution that recognizes and connects people at risk of a care gap, as well as determines the best approach to interact with important groups to promote action. It assesses each person's requirements, identifies obstacles to filling care gaps and other wellness activities, and then employs a surround-sound strategy to achieve good results through both online and offline channels.

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The corporate wellness market is segmented -
• By Service: Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition And Weight Management, Stress Management, Other Services

• By Delivery Model: Onsite, Offsite

• By Category: Fitness And Nutrition Consultants, Psychological Therapists, Organizations Or Employers

• By End User: Private Sector, Public Sector, Other End Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the corporate wellness market.

The Business Research Company's "Global Corporate Wellness Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Corporate Wellness Market Include:
1. Executive Summary
2. Corporate Wellness Market Characteristics
3. Corporate Wellness Market Trends And Strategies
4. Corporate Wellness Market - Macro Economic Scenario
5. Corporate Wellness Market Size And Growth
……
26. Africa Corporate Wellness Market
27. Corporate Wellness Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Corporate Wellness Market
29. Corporate Wellness Market Future Outlook and Potential Analysis
30. Appendix

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