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Press Release

Global Corporate Wellness Market to Reach USD 61.5 Billion by 2026: Rise in Private Sector Capital Expenditure and Employer Healthcare Spending to Fuel Market

Global Market is projected to reach the valuation of US$ 61,690.9 Mn by 2026, growing at a CAGR of 9% from Market value at US$ 29,266.9 Mn in 2017.

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 02/18/2019 -- This report on the corporate wellness market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the wellness programs and services for corporate companies and new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides overall information and data analysis of the global corporate wellness market regarding leading market segments based on service type and regions.

Based on service type, the corporate wellness market has been segmented into: health risk assessment, fitness, smoking cessation, health screening, weight management, nutrition, and others (stress management, disease management, and vaccination, among others). Each of the market segments have been extensively analyzed based on the market-related factors such as the number of white-collar employees, region-wise health awareness and government support/rules and regulations, and capital expenditure by the private sector by region.

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The global corporate wellness market is growing at a steady pace, with increase in penetration of corporate wellness services, due to factors such as, increasing health care costs, corporate profit, and focus on employee retention. Additionally, increase in demand for corporate wellness services in emerging economies, such as India and China, is driving the market. The global corporate wellness market was valued at US$ 29,266.9 Mn in 2017. It is projected to reach the valuation of US$ 61,690.9 Mn by 2026, growing at a CAGR of 9% from 2018 to 2026.

The corporate wellness market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions has been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The report provides market size and forecast for major countries in their respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market and future opportunities has been provided in the overview section. This section of the report also provides with market attractiveness analysis, regulatory scenario, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global corporate wellness market.

The key players operating in the corporate wellness market are EXOS, ProvantHealth (Hooper Holmes, Inc.), Wellness Corporate Solutions, ComPsych Corporation, Optum, Inc. (United Health Group), Sodexo, BupaWellness Pty Ltd (BupaGroup), JLT Australia (RecovreGroup), Central Corporate Wellness, TruworthWellness, CXA Group Pte.Limited, and SOL Wellness.

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Global Corporate Wellness Market, by Service Type
- Health Risk Assessment
- Fitness
- Smoking Cessation
- Health Screening
- Weight Management
- Nutrition
- Others (Stress Management, Disease Management, Vaccination, etc.)

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