Among these, the large organizations segment holds the market with substantial CAGR growth over the forecast period. The large organizations segment is witnessing substantial CAGR growth over the forecast period.īased on the end user, the corporate wellness market is segmented into small-sized organizations, medium-sized organizations, and large organizations. The pandemic of COVID-19 shifted the preference toward virtual workplace wellness, increasing employer adoption for improving employee efficiency. Among these, the virtual segment holds the significant CAGR growth over the forecast period. The virtual segment is witnessing significant CAGR growth over the forecast period.īased on the delivery model, the corporate wellness market is segmented into onsite and virtual. Corporate employee health programs mainly consist of health risk identification screening activities and the implementation of appropriate measures to encourage employees to live healthy lifestyles. Among these, the health risk assessment segment is expected to hold the biggest share of the corporate wellness market during the forecast period. The health risk assessment segment is expected to hold the biggest share of the global corporate wellness market during the forecast period.īased on the services, the global corporate wellness market is classified into health risk assessment, smoking cessation, fitness, weight/nutrition management, stress management, and others. Furthermore, as a result of the COVID-19 pandemic, companies shifted to low-cost online platforms for providing workplace wellness as a cost-cutting measure.īrowse key industry insights spread across 200 pages with 120 market data tables and figures & charts from the report on the " Global Corporate Wellness Market Size, Share, and COVID-19 Impact Analysis, By Services (Health Risk Assessment, Smoking Cessation, Fitness, Weight/Nutrition Management, Stress Management, Others), By Delivery Model (Onsite, Virtual), By End User (Small-sized Organizations, Medium-sized Organizations, Large Organizations), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032". Many of these activities were limited during the pandemic due to the implementation of strict lockdown restrictions. Traditional workplace wellness activities such as fitness classes, gym membership, health screening activities, and others cost a significant amount of money. However, despite an increase in workplace wellness program adoption, implementing corporate wellness programs in low- and middle-income countries poses several challenges.ĭuring the COVID-19 pandemic, the global market experienced a decrease in demand. Furthermore, rising chronic disease prevalence and early onset, as well as lower employee healthcare costs, are driving market growth. Corporations have increased their investments in employee wellness programs, solutions, and services as a result. Companies are becoming more aware of the value of a mentally and physically healthy workforce. Corporate wellness programs are increasingly being implemented by businesses to improve employee health and productivity, reduce health risks, and reduce employee healthcare costs. The rising prevalence of lifestyle-related diseases such as obesity, diabetes, and stress-related disorders has increased the need for preventive health measures, fueling demand for the corporate wellness market over the forecast period. Corporate wellness services include health risk assessments, fitness and nutrition programs, stress management workshops, mental health support, and ergonomic workplace solutions. It includes a wide range of wellness programs and initiatives aimed at improving the workforce's physical, mental, and emotional health. The market refers to the industry focused on promoting and improving employee health and well-being in organizations. 23, 2024 (GLOBE NEWSWIRE) - The Global Corporate Wellness Market Size is to Grow from USD 56.4 Billion in 2022 to USD 88.4 Billion by 2032, at a Compound Annual Growth Rate (CAGR) of 4.6% during the projected period.
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