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Global Corporate Wellness Market: By Service Type: Health Risk Assessment, Nutrition and Weight Management, Stress Management, Smoking Cessation, Others; By End User: Private Sector, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Corporate Wellness Market Outlook

The global corporate wellness market attained a value of USD 56,995 million in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 6.5% to reach USD 83,211 million by 2026.

 

Increasing Demand for Health Risk Assessment in Organisations to Augment the Corporate Wellness Industry Growth

Based on service type, the health risk assessment segment accounts for a substantial share of the corporate wellness industry owing to the effectiveness of this service in identifying and mitigating potential employee health risks, minimising organisation's expenditure and limiting employee absenteeism.

 

Global Corporate Wellness Market

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Furthermore, this segment improves the work productivity and output of employees, which is key in increasing the demand for corporate wellness. Meanwhile, the rise of health consciousness amid the COVID-19 pandemic has prompted organisations to invest significant resources to ensure the wellbeing of their employees. This is expected to augment the corporate wellness industry further.

 

North America to Provide Significant Growth Opportunities to the Corporate Wellness Industry

Geographically, North America accounts for a significant share of the corporate wellness industry owing to stringent regulations and increased government investments to encourage the adoption of a myriad of corporate wellness programmes within the region. The United States alone is home to a majority of key players operating in the corporate wellness industry. Furthermore, the prevalence of chronic diseases, sedentary lifestyle, and mental health problems is responsible for robust industry growth in the forecast period. Meanwhile, rising substance abuse issues due to the opioid crisis is another key factor that is projected to significantly contribute to the growth of the corporate wellness industry.

 

Corporate Wellness: Industry Definition and Segmentation

Corporate wellness describes the execution of various programmes by organisations that encourages healthy habits in the workplace. It incorporates health promotion strategies, policies, and other benefits that allow employees to have more options to be healthy at work and increase their productivity. Furthermore, it helps employers prevent potential productivity loss and healthcare costs by promoting a healthy work culture, which also improves employee retention and loyalty.

By service type, the market is divided into:

  • Health Risk Assessment
  • Nutrition and Weight Management
  • Stress Management
  • Smoking Cessation
  • Others

Based on end user, the industry can be segmented into:

  • Private Sector
  • Public Sector and Other End Users

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Focus on Mental Health to Bolster the Growth of the Global Corporate Wellness Industry

The growing emphasis on mental health around the world is driving the growth of the global corporate wellness industry. Rising mental health issues as a result of longer work hours and a higher burden are assisting the industry's growth. Furthermore, the COVID-19 pandemic has affected employees' mental health negatively due to social isolation as a result of the work-from-home culture. According to the Centers for Disease Control and Prevention (CDC), around 40% of adults in the United States were estimated to have mental health or substance abuse problems in 2020. Additionally, favourable government policies and investments to fight mental health concerns have aided the industry growth. The increasing acceptance of corporate wellness by various organisations and corporations is predicted to considerably contribute to the industry growth over the forecast period.

 

Key Industry Players in the Global Corporate Wellness Market

The report gives a detailed analysis of the following key players in the global corporate wellness market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • ComPsych Corporation
  • EXOS
  • Marino Wellness LLC
  • Privia Health LLC
  • Quest Diagnostics Incorporated 
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Service Type, End User, Region
Breakup by Service Type Health Risk Assessment, Nutrition and Weight Management, Stress Management, Smoking Cessation, Others
Breakup by End User Private Sector, Public Sector and Other End Users
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered ComPsych Corporation, EXOS, Marino Wellness LLC, Privia Health LLC, Quest Diagnostics Incorporated, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Corporate Wellness Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Corporate Wellness Historical Market (2016-2020) 
    8.3    Global Corporate Wellness Market Forecast (2021-2026)
    8.4    Global Corporate Wellness Market by Service Type
        8.4.1    Health Risk Assessment
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Nutrition and Weight Management
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Stress Management
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Smoking Cessation
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Corporate Wellness Market by End User
        8.5.1    Private Sector
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Public Sector and Other End Users
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Corporate Wellness Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026) 
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    EMR’s Key Indicators for Demand
    10.3    EMR’s Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    ComPsych Corporation
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    EXOS
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Marino Wellness LLC
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Privia Health LLC
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    Quest Diagnostics Incorporated 
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others  
12    Industry Events and Developments

 

List of Figures and Tables

1.    Global Corporate Wellness Market: Key Industry Highlights, 2016 and 2026
2.    Global Corporate Wellness Historical Market: Breakup by Service Type (USD Million), 2016-2020
3.    Global Corporate Wellness Market Forecast: Breakup by Service Type (USD Million), 2016-2020
4.    Global Corporate Wellness Historical Market: Breakup by End User (USD Million), 2016-2020
5.    Global Corporate Wellness Market Forecast: Breakup by End User (USD Million), 2021-2026
6.    Global Corporate Wellness Historical Market: Breakup by Region (USD Million), 2016-2020
7.    Global Corporate Wellness Market Forecast: Breakup by Region (USD Million), 2021-2026
8.    North America Corporate Wellness Historical Market: Breakup by Country (USD Million), 2016-2020
9.    North America Corporate Wellness Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Europe Corporate Wellness Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Europe Corporate Wellness Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Asia Pacific Corporate Wellness Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Asia Pacific Corporate Wellness Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Latin America Corporate Wellness Historical Market: Breakup by Country (USD Million), 2016-2026
15.    Latin America Corporate Wellness Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Middle East and Africa Corporate Wellness Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Middle East and Africa Corporate Wellness Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Global Corporate Wellness Market Structure

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