Well-Being Platform Market could be worth 449.21million by 2030,says Premium Market Insights

The well-being platform market is expected to grow from US$ 449.21 billion in 2022 to US$ 712.20 billion by 2030; it is estimated to grow at a CAGR of 5.9% from 2022 to 2030.Well-Being Platform Market Forecast to 2030 - COVID-19 Impact and Global Analysis by Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, Comprehensive Well-Being, and Others), Category (Fitness and Nutrition Consultant, Psychological Therapists, and Organizations/Employers), Delivery Model (Onsite and Offsite), End User (Small-Scale Organizations, Medium-Scale Organizations, Large-Scale Organizations, and Home Use), and Geography

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Competitive Landscape:Well-Being Platform Market:
The report highlights trends prevailing in the market and factors driving the market growth. The market growth is attributed to the rise in workplace-associated disorders and reduction in healthcare costs are driving the well-being platform market size and growth. Additionally, technological advancement is likely to emerge as a significant trend in the market during the forecast period. However, failure in product positioning and implementation associated with well-being platform hinders market growth during the forecast period 2022-2030.
According to a Centers for Disease Control and Prevention (CDC) report, investing in employees' health may lower the costs of healthcare and insurance claims. Employees suffering from obesity, smoking, and diabetes, pose a heavy burden on medical insurance companies to settle frequent and often high-cost healthcare-related claims. A healthy workplace program has the potential to keep both employees and employers in a low-risk category as it focuses on the overall health at workplaces and targets unhealthy employees, ultimately reducing overall health insurance costs. According to the RAND Corporation report, a lifestyle and disease management program helps employers reduce average healthcare costs by US$ 30 per member per month (PMPM). In addition, employees participating in the disease management program managed to save ~US$ 136 PMPM with a 30% reduction in hospital admissions. The RAND Wellness Program Study claims that lifestyle management can reduce health-associated risks such as smoking, obesity, and lack of physical activity. Thus, an effective workplace wellness program can lower an individual's hospital admission claims and encourage them to opt for clinical preventative services. Johnson & Johnson's Health and Wellness Program revealed that medical costs decreased annually by ~US$ 225 per participating employee through its policy, environmental, and educational components for addressing health risks, such as high blood pressure and cholesterol.

Virgin Pulse Inc
Limeade Inc
Optum Inc
Vitality Group International Inc
Bravo Wellness LLC
Sonic Boom Wellness LLC
WebMD Health Services Group Inc
Fitbit LLC
Asset Health Inc
Healthcheck360
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Chapter Details of Well-Being Platform Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Well-Being Platform Market Landscape
Part 04: Well-Being Platform Market Sizing
Part 05: Well-Being Platform Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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