Corporate Wellness Market to Surpass US$ 94.8 Billion at a CAGR of 7.6% by 2028

PRESS RELEASE

Published March 27, 2023

IMARC Group has recently released a new research study titled “Corporate Wellness Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global corporate wellness market size reached US$ 61.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 94.8 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Corporate wellness comprises policies, programs, and initiatives to support the health and well-being of employees in a workplace. It involves health screenings, providing healthy food options, encouraging physical activities, wellness assessments, and offering mental health resources. It assists in increasing employee engagement, reducing absenteeism, improving confidence and morale, and decreasing healthcare costs. Besides this, it aids in enhancing recruitment and retention of employees, developing a better relationship among workers, reducing stress, and improving employee behavior. As a result, corporate wellness is widely employed in small-scale, medium-scale, and large-scale organizations across the globe.

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Corporate Wellness Market Trends and Drivers:

At present, the increasing awareness about employee health and well-being represents one of the primary factors contributing to the growth of the market. Additionally, the increasing investment in mental health and stress management programs is strengthening the growth of the market. Apart from this, the growing prevalence of choric diseases, such as diabetes, heart attacks, arthritis, and respiratory disorders, among the masses across the globe is offering lucrative growth opportunities to industry players. Moreover, technological advancements, such as artificial intelligence (AI) and machine learning (ML), are bolstering the growth of the market. Furthermore, the rising demand for corporate wellness programs among organizations to reduce operational costs and enhance employee efficiency is supporting the growth of the market.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Service:

Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition and Weight Management
Stress Management
Others

Breakup by Category:

Fitness and Nutrition Consultants
Psychological Therapists
Organizations/Employers

Breakup by Delivery:

Onsite
Offsite

Breakup by Organization Size:

Small Scale Organizations
Medium Scale Organizations
Large Scale Organizations

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Central Corporate Wellness
ComPsych
EXOS
Marino Wellness
Privia Health
Provant Health Solutions
SOL Wellness
Truworth Health Technologies Pvt. Ltd.
Virgin Pulse
Vitality
Wellness Corporate Solutions LLC
Wellsource Inc.

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