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Corporate Wellness - Global Strategic Business Report

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    Report

  • 461 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5028029
Description Jump to:
The global market for Corporate Wellness is estimated at US$81.2 Billion in 2023 and is projected to reach US$126.9 Billion by 2030, growing at a CAGR of 6.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the corporate wellness market is driven by several factors, including the increasing awareness of the benefits of employee health and well-being, the rising prevalence of chronic diseases, and the growing demand for work-life balance. As organizations recognize the direct correlation between employee health and productivity, they are investing more in comprehensive wellness programs to attract and retain talent. Technological advancements have also played a crucial role, making it easier for companies to implement and manage wellness initiatives effectively. The COVID-19 pandemic has further accelerated the adoption of corporate wellness programs, as remote work has highlighted the need for mental health support and flexible health resources. Additionally, government regulations and incentives promoting workplace health initiatives are encouraging more companies to adopt wellness programs. As a result, the corporate wellness market is expected to continue expanding, driven by the ongoing emphasis on creating healthier, more engaged, and resilient workforces.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Small-scale Organizations End-Use segment, which is expected to reach US$19.2 Billion by 2030 with a CAGR of a 6.7%. The Medium-scale Organizations End-Use segment is also set to grow at 7.0% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $29.4 Billion in 2023, and China, forecasted to grow at an impressive 7.8% CAGR to reach $8.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Corporate Wellness Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Corporate Wellness Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Corporate Wellness Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players such as Cerner Corporation, Ceridian HCM, Inc., Castlight Health, Inc., and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 164 Featured):

  • Cerner Corporation
  • Ceridian HCM, Inc.
  • Castlight Health, Inc.
  • ComPsych Corporation
  • Ebix, Inc.
  • CXA Group Pte. Ltd.
  • Aanya Wellness
  • Applied Health Analytics, LLC
  • CoreHealth Technologies, Inc.
  • Aduro, Inc.
  • Beacon Health Options
  • Cigna Corporation
  • Catalyst Sante Inc.
  • Bristlecone Health, Inc.
  • Fitbit Health Solutions

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Corporate Wellness - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
  • Workplace Stress: The Silently Emerging Public Health Crisis & the Biggest Threat for Employee Health in the 21st Century
  • Health & Economic Consequences of Workplace Stress
  • Major Causes of Stress in the Workplace
  • How Corporate Wellness Programs Can Help?
  • Pandemic Experience Amplifies Work Related Stress Making Corporate Wellness More Important Now Than Ever
  • Wellness Becomes a Bigger Priority for Companies Post Pandemic
  • Here’s Why Exercise & Fitness Amid the Pandemic Should Take Precedence in Corporate Wellness Programs
  • Global Economic Outlook
  • Corporate Wellness Programs: What Are They? Why Are They Important & What Benefits Do They Offer?
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Healthcare Costs Continue to Spiral, Growing Much Faster Than National GDP
  • Rising Healthcare Costs Outstripping Global GDP Growth Means Companies Need to Rein-in Healthcare Costs to Prevent Profitability From Taking a Hit: Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Rising Employers' Health Costs Underlines the Importance of Well Drafted & Managed Wellness Programs
  • The Pandemic Pushes Up Healthcare Costs Even Higher Forcing Companies to Strategize on Wellness Programs to Contain Costs
  • Given that Sick Employees Can be Bottom Line Killers, Wellness Programs Join the League of Strategies Vital for Business Continuity & Preparedness: Average Worker & Employer Health Premium Contribution in the U.S. for the Years 2010, 2015 & 2021 (In US$)
  • Companies Adopting Wellness Programs Increases, Underlining Growing Awareness Among Employers of the Many Benefits Offered: % of Companies Offering Health Benefits in the U.S. for the Years 2000, 2010, 2015 and 2021
  • Negative Impact of Employee Absenteeism on Corporate Balance Sheet Drives the Focus Squarely on Wellness Programs
  • The Sizeable Impact of Employee Absenteeism on Productivity & Revenue Means Companies Need to Step-Up Their Wellness Programs: Direct Costs of Worker Absence as a Percentage of Payroll Expenditure
  • An Attempt to Measure the Productivity Loss Suffered Due to Absent Employees Reveals Why Companies Need to Prioritize Wellness Programs & Strategies: Total Cost of Productivity Loss as a Percentage of Payroll Expenditure
  • High Cost of Unplanned Absence Along with the Fact that Sickness is Cited as the Most Common Cause of Unplanned Absence, Health of Employees Should Take Center Stage if Companies Plan to Be Successful: Impact of Unplanned Absence (% Disruption Caused)
  • The Industry With the Highest Absenteeism Rates Will Be Key Revenue Spinners & Attractive Customers for Wellness Program Service Providers: Absenteeism by Industry (In %) Taking the U.S. as a Case-In-Point
  • Widely Prevalent Nicotine Addiction & Abuse Encourages Companies to Implement Innovative Smoking Cessation Programs
  • With 15% of the World Population Addicted to Smoking, Wellness Programs Can No Longer Ignore the Need to Help Employees With Tobacco De-Addiction: Global Number of Tobacco Smokers (In Million) for the Year 2021
  • Rise in Chronic Diseases Makes Health Risk Assessment, Fitness & Health Screening Important Aspects of An Effective Wellness Program
  • Rising Prevalence of Chronic Diseases Amplifies the Need for Addressing Management of These Diseases in Wellness Programs: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2021 and 2030
  • Companies Transforming Workplace Health & Happiness Have a Higher Chance of Business Success: Percentage of Firms in the U.S Offering Different Types of Health Support & Care as Part of Their Wellness Programs for the Year 2021
  • COVID-19 Experience Will Drive Increased Adoption of New Infectious Disease Testing, Tracking & Employee Health Screening Tools
  • Growing Frequency & Severity of Newly Emerging & Re-Emerging Infections Brings the Importance of Infectious Disease Testing in Wellness Programs Into the Spotlight: Fatality Rate of Major Virus Outbreaks Over the Last 50 Years
  • High Human-to-Human Transmissibility of Infectious Diseases Means Companies Need to Protect the Sanctity of the Workplace & Prevent Spread of Infections Among Employees: RO Values of Well Known Infectious Diseases
  • COVID-19 Accelerates Telemedicine’s Natural Fit into Corporate Wellness Strategies
  • Telemedicine is a Massive Cost Saver as Compared to Other Modes of Orchestrating Employee Healthcare Services: % of Hospitals & Organizations in the U.S. Reporting Various Levels of Cost Reductions from the Use of Telemedicine
  • Increase in Number of Hospitals Offering Telemedicine Services Means Telemedicine Can Easily & Effectively Integrated into Corporate Wellness Programs: % of Hospitals in the U.S. Fully or Partially Implementing Telehealth Services
  • Robustly Growing Telemedicine Market Stands Testimony to the Increasing Adoption of this Innovative Healthcare Delivery Method: Global Opportunity for Telemedicine (In US$ Billion) for Years 2021, 2023, 2025 and 2027
  • Globesity: The Global Epidemic of Obesity Forces Companies to Include Nutrition & Weight Management as Part of Wellness Programs
  • Wellness Programs Need to Address Obesity as Incidence Rates Increase Underlining the Need to Help Employees With Lifestyle Management for the Right Work & Health Balance: Prevalence of Obesity as a % of Adult Population by Country
  • Workplace Fitness Center & Onsite Gyms Grow in Popularity
  • Cafeterias Wellness Programs: A Vital Part of Obesity Management at the Workplace
  • Remote Wellness in the Age of Work from Home (WFM) Gains in Significance
  • Mental Health As Part of Corporate Wellness Programs Gains Sudden Popularity Post COVID-19 Pandemic
  • Mental Health Apps As Part of Corporate Wellness Programs Grow in Popularity
  • Stress Amid the Pandemic Takes Its Toll On Mental Well-Being, Forcing Employers to Emphasize on Mental Health in Corporate Wellness Programs: % of Adults Experiencing Anxiety & Depression During the Pandemic Period February to September 2020
  • Prevalence of Mental Disorders in Global Population by Type of Disease as of the Year 2021
  • Gen Zers Are More Vulnerable to Developing Mental Disorders: % of Adults Reporting Good to Excellent Mental Health by Generation Type
  • Gen Zers Discovering the Depths of One’s Loneliness! Why: % of U.S Adults Who Experience Loneliness by Generation
  • Innovation is the Key to Success of Corporate Wellness Programs
  • VR Relaxation Pods - A Key Innovation in Wellness
  • AI Emerges as the Wellness Expert in the Corporate Space
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Corporate Wellness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Corporate Wellness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Corporate Wellness by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Health Risk Assessment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Health Risk Assessment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Health Risk Assessment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Fitness by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Fitness by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Smoking Cessation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Smoking Cessation by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Smoking Cessation by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Health Screening by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Health Screening by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Health Screening by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Nutrition & Weight Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Nutrition & Weight Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Nutrition & Weight Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Stress Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Stress Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Stress Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Services by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Other Services by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Small by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Small by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Small by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 28: World Recent Past, Current & Future Analysis for Medium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 29: World Historic Review for Medium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 30: World 16-Year Perspective for Medium by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 31: World Recent Past, Current & Future Analysis for Large by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 32: World Historic Review for Large by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 33: World 16-Year Perspective for Large by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2014, 2024 & 2030
  • Table 34: World Corporate Wellness Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
REST OF EUROPE
ASIA-PACIFIC
  • Corporate Wellness Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned

  • Cerner Corporation
  • Ceridian HCM, Inc.
  • Castlight Health, Inc.
  • ComPsych Corporation
  • Ebix, Inc.
  • CXA Group Pte. Ltd.
  • Aanya Wellness
  • Applied Health Analytics, LLC
  • CoreHealth Technologies, Inc.
  • Aduro, Inc.
  • Beacon Health Options
  • Cigna Corporation
  • Catalyst Sante Inc.
  • Bristlecone Health, Inc.
  • Fitbit Health Solutions

Table Information

Report AttributeDetails
No. of Pages461
PublishedNovember 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 81.2 Billion
Forecasted Market Value ( USD ) by 2030 $ 126.9 Billion
Compound Annual Growth Rate6.6%
Regions CoveredGlobal
No. of Companies Mentioned15

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