Well-Being Platform Market Top Companies Study - Virgin Pulse Inc., Limeade Inc., Optum Inc., Vitality Group International Inc.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Well-Being Platform Market- (By Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress management, Comprehensive Well-being, Others), By Category (Fitness & Nutrition Consultant, Psychological Therapist, Organizations/Employers), By Delivery Model (On-site, Off-site), By End-User (Small Scale Organizations, Medium Scale Organizations, Large Scale Organizations, Home Care)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Well-Being Platform Market is valued at US$ 435.10 Bn in 2022, and it is expected to reach US$ 699.97 Bn by 2031, with a CAGR of 5.5% during a forecast period of 2023-2031.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2050

The Well-Being Platform encourages and promotes a complete approach to employee well-being by adopting a healthy organizational culture. Companies provide well-being services to their employees for their benefit. Employers provide these services through technologically enhanced employee well-being platforms.

A well-being platform is an online resource that offers solutions and support to help people improve their physical, mental, and emotional health. Fitness classes, mental health counselling, and stress management strategies may be available through these platforms. Many organizations and enterprises in various sector verticals have begun to adopt health programs for their employees, which will increase market demand.

Workplace health programs assist businesses in increasing productivity while decreasing overall operational costs. Moreover, the growth in work-related diseases and the reduction in healthcare expenditures are pushing the market for well-being platforms. Rising employee health and well-being awareness is projected to drive the Well-Being Platform market.

List of Prominent Players in the Well-Being Platform Market:
• 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
• Marquee Health LLC
• Wellright Inc
• Wellworks for You
• Wellable LLC
• Wellness 360 Technologies Inc
• WellSteps.com LLC
• CHC Well-being Inc.

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02

Market Dynamics:
Drivers-
A rise in the prevalence and early onset of chronic diseases, as well as a decline in employee healthcare expenses, are driving market expansion. Due to the nature of modern work, most people do not have enough time to invest in mental and physical activities after work or in their free time, which negatively impacts their health. Since many of these illnesses are becoming more common, chronic diseases seriously threaten the world. Additionally, the expanding firm initiatives to introduce numerous health and well-being programs are fostering industry expansion.

Challenges:
Platforms for well-being frequently gather delicate data about users' identities and health. Building and upholding trust requires ensuring reliable data privacy and security safeguards to safeguard user information. Additionally, it is anticipated that in the upcoming years, internal-led corporate wellness programs will be adopted and pose a challenge to the industry due to poor employee engagement and participation in corporate wellness programs. Furthermore, the development of the wellness platform market is hampered by poor product positioning and implementation.

Regional Trends:
The North American Well-Being Platform Market is expected to register a maximum market revenue share and it is projected to grow at a high CAGR in the near future. The significant regional market share can be linked to the growing demand for corporate wellness programs for workers due to the increased incidence of chronic illnesses, mental health problems, and drug misuse, particularly in connection with the opioid crisis in the area.

Additionally, a number of industry participants are putting strategic plans into action, which is helping the market expand. For instance, Peloton Interactive Inc., a US-based company, started a corporate wellness program to attract more members and reach new users. Sky, SAP, Samsung, Wayfair, and the former are among the first companies to sign up for the program.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2050

Recent Developments:
• In Aug 2023, Cigna Healthcare teamed up with Virgin Pulse to give about 11 Bn people a more connected and personalised health experience that will help them stay healthy. The new platform, which can be found on myCigna, is part of Cigna Healthcare's plan to give people and their workplaces the tools they need to make better health decisions and form healthier habits throughout their health path.
• In March 2021, HealthCheck360 expanded its programme to include telehealth and mental health services from MeMD and HealthCheck360. MeMD provided telehealth solutions to more than 5 Bn members nationwide. Members were able to schedule a visit immediately from their phone, mobile device, or computer thanks to a technology integration with the myHealthCheck360 mobile platform of HealthCheck360.

Segmentation of Well-Being Platform Market-
By Service-
• Health Risk Assessment
• Fitness
• Smoking Cessation
• Health Screening
• Nutrition & Weight Management
• Stress management
• Comprehensive Well-being
• Others
By Category-
• Fitness & Nutrition Consultant
• Psychological Therapist
• Organizations/Employers
By Delivery Model-
• On-site
• Off-site
By End-User-
• Small Scale Organizations
• Medium Scale Organizations
• Large Scale Organizations
• Home Care
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/2050

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.