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Corporate Wellness Market Report and Forecast 2023-2031

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    Report

  • 147 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797966
The global market value in 2022 was USD 68.85 billion, driven by the increasing prevalence of chronic diseases across the globe. The market size is anticipated to grow at a CAGR of 6.5% achieve a value of USD 121.35 billion by 2031.

Corporate Wellness: Introduction

Corporate wellness refers to initiatives and programs aimed at enhancing the physical, mental, and emotional well-being of employees in a workplace setting. These programs encompass a wide range of services, including health assessments, nutrition and fitness programs, stress management and mental health support, and preventive health education. The primary objective of corporate wellness programs is to improve employee health, reduce healthcare costs, increase productivity, and foster a positive work culture that encourages employee engagement and retention.

Key Trends in the Corporate Wellness Market

Some key trends of the market are as follows:
  • Personalization and customization: Employers are focusing on personalized and customized wellness programs that cater to individual employee needs and preferences, resulting in higher engagement and effectiveness
  • Integration of technology: The integration of digital technologies, such as wearable devices, mobile apps, and telehealth platforms, is revolutionizing the delivery and tracking of corporate wellness programs
  • Focus on mental health and stress management: With growing awareness of the impact of mental health on overall well-being, employers are increasingly incorporating stress management and mental health support into their corporate wellness programs
Corporate Wellness Market Segments

Market Breakup by Service Type

  • Health Risk Assessment
  • Nutrition and Weight Management
  • Smoking Cessation Services
  • Fitness Services
  • Mental Health Management
  • Alcohol and Substance Abuse Services
  • Health Education Services
  • Others

Market Breakup by Delivery Model

  • Onsite
  • Offsite

Market Breakup by Category

  • Fitness and Nutrition Consultation
  • Psychological Therapist
  • Organisations/Employers
  • Others

Market Breakup by End User

  • Large sized Organizations
  • Medium sized Organizations
  • Small Organizations

Market Breakup by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Corporate Wellness Market Scenario

The global market has experienced significant growth in recent years, driven by factors such as the increasing prevalence of chronic diseases, growing awareness of the importance of employee health and well-being, and the rising cost of healthcare. Employers are increasingly recognizing the benefits of implementing corporate wellness programs, including reduced absenteeism, increased employee satisfaction, and improved overall business performance.

The adoption of corporate wellness programs has been increasing steadily due to factors such as the rising prevalence of chronic diseases, growing awareness of the importance of employee health and well-being, and the increasing cost of healthcare. Employers are increasingly recognizing the benefits of implementing corporate wellness programs, including reduced absenteeism, increased employee satisfaction, and improved overall business performance.

North America: The largest market for corporate wellness, driven by factors such as the high prevalence of chronic diseases, advanced healthcare infrastructure, and a strong focus on employee well-being in the workplace culture.

Europe: The second-largest market, with increasing demand for corporate wellness solutions due to growing awareness of the importance of employee health, the need to reduce healthcare costs, and supportive regulatory frameworks.

Asia Pacific: Expected to witness the highest growth rate due to factors such as rapid urbanization, increasing stress levels among the workforce, and growing investments in employee health and well-being by multinational corporations.

Competitor Landscape

The key players in the corporate wellness market are as follows:
  • ComPsych Corporation
  • EXOS
  • Marino Wellness LLC
  • Privia Health LLC
  • Quest Diagnostics Incorporated
  • WELLNESS CORPORATE SOLUTIONS, LLC
  • VIRGIN PULSE
  • Vitality
  • WELLSOURCE, INC
  • CENTRAL CORPORATE WELLNESS
  • TRUWORTH WELLNESS
  • SOL WELLNESS

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Corporate Wellness Market Overview
3.1 Global Corporate Wellness Market Historical Value (2016-2022)
3.2 Global Corporate Wellness Market Forecast Value (2023-2031)
4 Global Corporate Wellness Market Landscape
4.1 Global Corporate Wellness Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Corporate Wellness Product Landscape
4.2.1 Analysis by Service Type
4.2.2 Analysis by Delivery Model
4.2.3 Analysis by End User
5 Global Corporate Wellness Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Corporate Wellness Market Segmentation
6.1 Global Corporate Wellness Market by Service Type
6.1.1 Market Overview
6.1.2 Health Risk Assessment
6.1.3 Nutrition and Weight Management
6.1.4 Smoking Cessation Services
6.1.5 Fitness Services
6.1.6 Mental Health Management
6.1.7 Alcohol and Substance Abuse Services
6.1.8 Health Education Services
6.1.9 Others
6.2 Corporate Wellness Market by Delivery Model
6.2.1 Market Overview
6.2.2 Onsite
6.2.3 Offsite
6.3 Corporate Wellness Market by Category
6.3.1 Market Overview
6.3.2 Fitness and Nutrition Consultation
6.3.3 Psychological Therapist
6.3.4 Organisations/Employers
6.3.5 Others
6.4 Corporate Wellness Market by End User
6.4.1 Market Overview
6.4.2 Large sized Organizations
6.4.3 Medium sized Organizations
6.4.4 Small Organizations
6.5 Global Corporate Wellness Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Corporate Wellness Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Corporate Wellness Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Corporate Wellness Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Corporate Wellness Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Corporate Wellness Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 ComPsych Corporation
17.1.1 Financial Analysis
17.1.2 Service Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 EXOS
17.2.1 Financial Analysis
17.2.2 Service Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Marino Wellness LLC
17.3.1 Financial Analysis
17.3.2 Service Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Privia Health LLC
17.4.1 Financial Analysis
17.4.2 Service Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Quest Diagnostics Incorporated
17.5.1 Financial Analysis
17.5.2 Service Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 WELLNESS CORPORATE SOLUTIONS, LLC
17.6.1 Financial Analysis
17.6.2 Service Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 VIRGIN PULSE
17.7.1 Financial Analysis
17.7.2 Service Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Vitality
17.8.1 Financial Analysis
17.8.2 Service Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 WELLSOURCE, INC.
17.9.1 Financial Analysis
17.9.2 Service Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 CENTRAL CORPORATE WELLNESS
17.10.1 Financial Analysis
17.10.2 Service Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 TRUWORTH WELLNESS
17.11.1 Financial Analysis
17.11.2 Service Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 SOL WELLNESS
17.12.1 Financial Analysis
17.12.2 Service Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
18 Global Corporate Wellness- Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Compsych Corporation
  • Exos
  • Marino Wellness LLC
  • Privia Health LLC
  • Quest Diagnostics Incorporated
  • Wellness Corporate Solutions, LLC
  • Virgin Pulse
  • Vitality
  • Wellsource, Inc.
  • Central Corporate Wellness
  • Truworth Wellness
  • Sol Wellness

Methodology

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Table Information