An increase in the prevalence of lifestyle-related diseases among employees, owing to hectic work, long hours, and unhealthy eating habits. Therefore, many businesses and enterprises in various industry verticals have started implementing health programs for their employees, which will boost market demand. Also, rising awareness regarding employee health and wellbeing is augmenting the market growth.Corporate Wellness Market is projected to grow from US$ 63 billion in 2024 to US$ 106.2 billion in 2034 with a CAGR of 5.90%.

The report " Corporate Wellness Market, By Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, and Others), By Category  (Fitness & Nutrition Consultants, Psychological Therapists, and Organizations/Employers), By End-Use (Small-Scale Organizations, Medium-Scale Organizations, and Large-Scale Organizations), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034".

Key Highlights:

• In August 2016, Wellness Corporate Solutions, a U.S.-based company, relocated their warehouse to a new facility in response to rising demand for biometric screening services.

Key Market Insights from the report:    

Corporate wellness market accounted for US$ 63 billion in 2024 and is projected to register a moderate CAGR of 5.90% over the forecast period. The market report has been segmented based on the property type.

• Based on the service type, the health risk assessment segment held the highest market share, owing to an increase in the incidence of chronic diseases, improved awareness among employers to keep their employees healthy, and higher spending on healthcare by employers. Stress management segment is likely to register the fastest CAGR over the forecast period.
• Based on category, organizations/employers segment is excepted to dominate the market during the forecast period. The service providers offer in-house, as well as outsourced, health management services for large- and small-scale companies. The trend of on-site fitness, which includes yoga and meditation, is becoming popular.
• Based on end-use, large-scale organizations led the end-use segment, in terms of revenue share. On the other hand, medium-scale organizations are projected to witness the fastest growth from 2019 to 2026.
• Based on the region, North America led the overall market, in terms of revenue share, in 2018 and will maintain dominance throughout the forecast period. The Asia Pacific, on the other hand, is likely to witness the highest CAGR over the forecast period. The rising number of working individuals in the Asia Pacific along with the growing awareness about health management of employees is expected to boost the demand for such programs.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Corporate Wellness Market, By Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, and Others), By Category  (Fitness & Nutrition Consultants, Psychological Therapists, and Organizations/Employers), By End-Use (Small-Scale Organizations, Medium-Scale Organizations, and Large-Scale Organizations), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034"

The prominent player operating in the corporate wellness market includes ComPsych; Wellness Corporate Solutions; Virgin Pulse; Provant Health Solutions; EXOS; Marino Wellness, Privia Health; Vitality Group; Wellsource, Inc.; Central Corporate Wellness; Truworth Wellness; and SOL Wellness.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offer strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

To know more

Contact Us:

Sales

Prophecy Market Insights

U.S: 1 860 531 2574

RoW: 91 7775049802

Email- sales@prophecymarketinsights.com

Website- www.prophecymarketinsights.com

Blog- www.prophecyjournals.com