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Corporate Wellness Market Analysis

  • Report ID: GMI8337
  • Published Date: Feb 2024
  • Report Format: PDF

Corporate Wellness Market Analysis

Based on service type, the health risk assessment segment is anticipated to reach USD 31.3 billion by 2032. This expansion is due to several companies utilizing health risk assessments to identify employee health risks and customize wellness programs accordingly. They are continuously refining assessment methods to gather comprehensive data and improve accuracy. Employers are also prioritizing proactive measures and leveraging real-time data to implement timely interventions and promote better health outcomes among their workforces.
 

In terms of category, the corporate wellness market from the organizations/employers segment is expected to record USD 62.3 billion by 2032, due to large integration by organizations to enhance employee health and productivity. They are focusing on initiatives, such as fitness challenges, mental health support, and nutrition counseling to create a healthier work environment. Employers are also continuing to expand these programs by incorporating more advanced technologies and personalized wellness plans. The strong focus on leveraging data analytics and feedback to continuously improve program effectiveness to foster a culture of well-being will add to the segment growth.
 

On the basis of delivery model, the corporate wellness market size from the onsite segment is projected to accrue USD 64.4 billion by 2032. Onsite programs are providing employees with convenient access to health services and resources. Employers are establishing onsite fitness centers for offering wellness workshops and providing healthy food options to promote employee well-being. These initiatives are actively encouraging healthier lifestyle choices and fostering a positive work environment. Moreover, companies will be further developing onsite wellness offerings for potentially expanding facilities and introducing additional services, such as meditation rooms or on-demand health screenings.

 

Corporate Wellness Market, By End-use (2023)

Based on end-use, the corporate wellness industry value from the large-scale organizations segment is predicted to record USD 55.5 billion by 2032. This expansion is due to the large-scale organizations implementing several programs to support the health and well-being of their workforce. They are working on offering comprehensive wellness initiatives including fitness classes, mental health support, and nutritional guidance to address diverse employee needs. These organizations will also continue to prioritize employee wellness by leveraging advanced technologies and data analytics to tailor programs to individual preferences and track progress effectively.
 

North America Corporate Wellness Market,  2020 – 2032 (USD Billion)

North America corporate wellness market is predicted to record USD 39.9 billion by 2032, on account of the increasing technological advancements. Leading employers in the region are integrating wearable devices, mobile apps, and virtual platforms to enhance employee engagement and track progress effectively. These innovations are facilitating real-time monitoring of health metrics and personalized wellness experiences. Additionally, stress management programs are increasingly being prioritized to address the rising workplace stressors. Rising focus on developing strategies, such as mindfulness training and resilience workshops to support employee well-being amidst evolving work demands will drive the regional industry growth.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global corporate wellness industry was valued at USD 67.8 billion in 2023 and is anticipated to register 5.7% CAGR between 2024 and 2032 due to the increasing awareness of employee health and remote and hybrid work models.

The organizations/employers segment in the market is expected to record USD 62.3 billion by 2032 due to large integration by organizations to enhance employee health and productivity.

North America corporate wellness market is predicted to reach USD 39.9 billion by 2032, on account of the increasing technological advancements and rise in stress management programs.

Aduro, Castlight Health, Central Corporate Wellness, Cigna Healthcare, ComPsych Corporation, Corehealth Technologies Inc., Exos, Marino Wellness, Privia Health, SOL Integrative Wellness Centre, Truworth Wellness, Virgin Pulse and Wellsource Inc.

Corporate Wellness Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 226
  • Countries covered: 22
  • Pages: 140
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