We use cookies for a better user experience. Read our Privacy Policy

I Agree

Corporate Wellness Market

Corporate Wellness Market (Service Type: Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Weight Management, Nutrition, and Others [Stress Management, Disease Management, Vaccination, etc.]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2028

Corporate Wellness Market Outlook 2028

  • The global corporate wellness market was valued at US$ 40.2 Bn in 2020
  • It is estimated to expand at a CAGR of 8.2% from 2021 to 2028
  • The global corporate wellness market is expected to cross the value of US$ 74.5 Bn by the end of 2028

Analysts’ Viewpoint on Corporate Wellness Market Scenario

The increasing adoption of advanced corporate wellness programs in many developing regions is fueling the growth of the global market. The global corporate wellness market is expected to witness tremendous growth opportunities due to rising incidences of chronic disorders across the globe. The rising number of health complications in employees demand for health assessment programs at their workplaces. Market contributors are leveraging the opportunities to improve revenue and presence in the global market, as these programs are found to be highly effective in increasing the productivity of employees at workplace. Furthermore, the rising implementation of such programs in order to check health issues in employees is driving the global market. However, the unavailability of skilled professionals is a major restraining factor in the global corporate wellness market.

Increasing Prevalence of Chronic Diseases and Associated Risk Factors

The global corporate wellness market is driven by rapidly rising cases of chronic diseases across the globe. The increasing number of market players selling corporate wellness programs to various organizations is attributable to market growth. Manufacturers operating in the global corporate wellness market are focusing on high quality services to boost the overall health and wellbeing of employees. Many employers in developing countries are adopting these services for better health and improved lifestyle. This has significantly reduced the total healthcare expenditure and helps improve the productivity of employees across the globe.

There is an increase in awareness about better health and fitness among corporate employees especially during the global coronavirus outbreak. Many people have started investing in corporate wellness programs to check their health and fitness. The corporate wellness programs provide services such as stress management, health screening, weight management, food & nutrition, etc. Service providers operating in the global corporate wellness market are gaining value-grab opportunities after the coronavirus pandemic. The corporate or workplace wellness programs are employer-funded services designed to maintain good health of employees.

Request a sample to get extensive insights into the Corporate Wellness Market

Adoption of Corporate Wellness Programs by Employees

The global corporate wellness market is driven by the rising number of cardiovascular diseases. The corporate wellness programs are in place to know various health risks associated with the employees. In order to promote healthy behavior at workplaces and boost productivity, many corporate organizations are implementing corporate wellness programs in their organizations. Corporate wellness programs help employees to understand health risks associated with them and reduce healthcare expenses to a great extent. Corporate wellness programs comprise health risk assessments, fitness, health screening, weight management, smoking cessation, and nutrition. These programs are aimed at the overall health and wellbeing of employees.

To understand how our report can bring difference to your business strategy, Ask for a brochure

Technological Growth and Advancement in Healthcare Industry Boost Market Growth

The global corporate wellness market is driven by increasing incidences of lifestyle diseases, advancement in healthcare sector, and rising awareness of such wellness programs in employees at the global level. Due to rapidly increasing heart-related diseases in corporate employees, there is a willingness to invest in such programs at workplaces. In addition, cancer, diabetes, high blood pressure, and respiratory diseases are the leading cause of death around the world. Governments are also investing in the promotion of such corporate wellness programs to improve the health and productivity of employees in various organizations.

Moreover, the increasing demand for corporate wellness services in many organizations is creating potential growth opportunities for market players. In order to increase the overall wellbeing of employees, market players are offering cost-effective and highly efficient corporate wellness programs at workplaces.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Corporate Wellness Market

North America Offers Lucrative Growth Opportunities to Market Players

North America is expected to account for the largest share of the global corporate wellness market. Technological advancement in healthcare industry, rising incidence of chronic disorders, and increasing geriatric population are some of the factors contributing to the corporate wellness market growth in North America. The rising awareness in people about these services in North America, along with increasing investments in healthcare accelerates the corporate wellness market in the region. Improvement in healthcare services at corporate workplaces is also driving the market.

Corporate Wellness Market: Overview

  • According to Transparency Market Research’s latest research report on the global corporate wellness market for the historical period 2017-2019, considering 2020 as the base year and the forecast period from 2021 to 2028, rise in awareness about health and wellness among employers & employees and increase in incidence of chronic conditions are anticipated to propel the global market during the forecast period

Rise in Awareness about Health and Wellness among Employers and Employees: Key Driver

  • Work-related stress, obesity, and physical inactivity are major workplace health problems and have significant occupational health risks. Additionally, employees who work full-time are reported to have other chronic health problems.
  • Surge in health consciousness among the population of countries in the Americas and Asia has increased awareness about the benefits of healthy lifestyle. This is anticipated to increase participation in health, fitness, and diet programs.

Increase in Incidence of Chronic Conditions: Major Driver

  • Employers are adopting wellness programs due to increase in incidence of chronic conditions. Incidence of chronic diseases at workplace increases the employer healthcare expenditure and lowers employee productivity.
  • Health risk behaviors are the root of several health problems in the U.S. Lifestyle disease epidemic causes chronic conditions such as diabetes, heart disease, and pulmonary conditions.
  • Rise in prevalence and earlier onset of chronic conditions increases healthcare cost burden for employers
  • Treatment of chronic conditions accounts for over 75% of national health expenditure
  • Indirect costs are four-times higher for individuals with chronic conditions compared to healthy individuals due to illness-related loss of productivity, including employee absence, and reduction in performance
  • Taking these factors into consideration, the employers are readily implanting health and wellness programs at the workplace in order to maintain the employee’s health and for increased productivity

Corporate Wellness Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 40.2 Bn

Market Forecast Value in 2028

US$ 74.5 Bn

Growth Rate (CAGR)

8.2%

Forecast Period

2021–2028

Quantitative Units

US$ Bn for Value

Market Analysis

It includes cross-segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview.

Format

Electronic (PDF)

Market Segmentation

  • Service Type
    • Health Risk Assessment
    • Fitness
    • Smoking Cessation
    • Health Screening
    • Weight Management
    • Nutrition
    • Others (Stress Management, Disease Management, Vaccination, etc.)

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Rest of Asia Pacific
  • Brazil
  • Mexico
  • Rest of Latin America
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Customization Scope

Available upon request

Pricing

Available upon request

Corporate Wellness Market – Segmentation

TMR’s study on the global corporate wellness market includes information divided into two segments: service type and region. Changing industry trends and other market dynamics associated with these segments of the global corporate wellness market are discussed in detail.

Service Type
  • Health Risk Assessment
  • Fitness
  • Smoking Cessation
  • Health Screening
  • Weight Management
  • Nutrition
  • Others (Stress Management, Disease Management, Vaccination, etc.)
Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Interested in this report?
Get a FREE sample now!

Get Free Sample

*Get Sample Report (PDF) sent to your email within minutes

Frequently Asked Questions

What is the total market worth of corporate wellness market?

The global corporate wellness market was worth US$ 40.2 Bn and is projected to reach a value of US$ 74.5 Bn by the end of 2028

What is the anticipated CAGR of the corporate wellness market in the forecast period?

Corporate wellness market is anticipated to grow at a CAGR of 8.2% during the forecast period

Which region is expected to project the highest market share in the corporate wellness market?

North America accounted for a major share of the global corporate wellness market

What are the key driving factors for growth of corporate wellness market?

Corporate wellness market is driven by increasing incidences of lifestyle diseases, advancement in healthcare sector, and rising awareness of such wellness programs in employees at the global level

Who are the key players in the global corporate wellness market?

Key players in the global corporate wellness market include 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, Truworth Wellness, CXA Group Pte. Limited, and SOL Wellness.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Corporate Wellness Market

4. Market Overview

    4.1. Introduction

        4.1.1. Service Type Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Corporate Wellness Market Analysis and Forecast, 2017–2028

        4.4.1. Market Revenue Projections (US$ Mn)

        4.4.2. Market Volume/Unit Shipments Projections

    4.5. Porter’s Five Force Analysis

5. Key Insights

    5.1. Government support and initiatives

    5.2. Increase in number of white collar employees

    5.3. Rise in awareness about health and wellness among employers & employees

    5.4. Restraints

    5.5. Entry of local players leads to price competition

    5.6. Willingness of employer to invest in wellness programs

    5.7. Increase in incidence of chronic conditions

    5.8. Restraints

    5.9. Rise in external competition

    5.10. Government support and initiatives

6. Global Corporate Wellness Market Analysis and Forecast, by Service Type

    6.1. Introduction & Definition

    6.2. Key Findings / Developments

    6.3. Market Value & Volume Forecast, by Service Type, 2017–2028

        6.3.1. Health Risk Assessment

        6.3.2. Fitness

        6.3.3. Smoking Cessation

        6.3.4. Health Screening

        6.3.5. Weight Management

        6.3.6. Nutrition

        6.3.7. Others (stress management, disease management, vaccination, etc.)

    6.4. Market Attractiveness Analysis, by Service Type

7. Global Corporate Wellness Market Analysis and Forecast, by Region

    7.1. Key Findings

    7.2. Market Value & Volume Forecast, by Region

        7.2.1. North America

        7.2.2. Europe

        7.2.3. Asia Pacific

        7.2.4. Latin America

        7.2.5. Middle East & Africa

    7.3. Market Attractiveness Analysis, by Country/Region

8. North America Corporate Wellness Market Analysis and Forecast

    8.1. Introduction

        8.1.1. Key Findings

    8.2. Market Value & Volume Forecast, by Service Type, 2017–2028

        8.2.1. Health Risk Assessment

        8.2.2. Fitness

        8.2.3. Smoking Cessation

        8.2.4. Health Screening

        8.2.5. Weight Management

        8.2.6. Nutrition

        8.2.7. Others (stress management, disease management, vaccination, etc.)

    8.3. Market Value & Volume Forecast, by Country, 2017–2028

        8.3.1. U.S.

        8.3.2. Canada

    8.4. Market Attractiveness Analysis

        8.4.1. By Service Type

        8.4.2. By Country

9. Europe Corporate Wellness Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. Market Value & Volume Forecast, by Service Type, 2017–2028

        9.2.1. Health Risk Assessment

        9.2.2. Fitness

        9.2.3. Smoking Cessation

        9.2.4. Health Screening

        9.2.5. Weight Management

        9.2.6. Nutrition

        9.2.7. Others (stress management, disease management, vaccination, etc.)

    9.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028

        9.3.1. Germany

        9.3.2. U.K.

        9.3.3. France

        9.3.4. Spain

        9.3.5. Italy

        9.3.6. Rest of Europe

    9.4. Market Attractiveness Analysis

        9.4.1. By Service Type

        9.4.2. By Country/Sub-region

10. Asia Pacific Corporate Wellness Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Market Value & Volume Forecast, by Service Type, 2017–2028

        10.2.1. Health Risk Assessment

        10.2.2. Fitness

        10.2.3. Smoking Cessation

        10.2.4. Health Screening

        10.2.5. Weight Management

        10.2.6. Nutrition

        10.2.7. Others (stress management, disease management, vaccination, etc.)

    10.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028

        10.3.1. China

        10.3.2. Japan

        10.3.3. India

        10.3.4. Australia & New Zealand

        10.3.5. Rest of Asia Pacific

    10.4. Market Attractiveness Analysis

        10.4.1. By Service Type

        10.4.2. By Country/Sub-region

11. Latin America Corporate Wellness Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Market Value & Volume Forecast, by Service Type, 2017–2028

        11.2.1. Health Risk Assessment

        11.2.2. Fitness

        11.2.3. Smoking Cessation

        11.2.4. Health Screening

        11.2.5. Weight Management

        11.2.6. Nutrition

        11.2.7. Others (stress management, disease management, vaccination, etc.)

    11.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028

        11.3.1. Brazil

        11.3.2. Mexico

        11.3.3. Rest of Latin America

    11.4. Market Attractiveness Analysis

        11.4.1. By Service Type

        11.4.2. By Country/Sub-region

12. Middle East & Africa Corporate Wellness Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Market Value & Volume Forecast, by Service Type, 2017–2028

        12.2.1. Health Risk Assessment

        12.2.2. Fitness

        12.2.3. Smoking Cessation

        12.2.4. Health Screening

        12.2.5. Weight Management

        12.2.6. Nutrition

        12.2.7. Others (stress management, disease management, vaccination, etc.)

    12.3. Market Value & Volume Forecast, by Country/Sub-region, 2017–2028

        12.3.1. GCC Countries

        12.3.2. South Africa

        12.3.3. Rest of Middle East & Africa

    12.4. Market Attractiveness Analysis

        12.4.1. By Service Type

        12.4.2. By Country/Sub-region

13. Competition Landscape

    13.1. Market Player – Competition Matrix (By Tier and Size of companies)

    13.2. Market Share Analysis By Company (2020)

    13.3. Market Footprint Analysis

        13.3.1. By Region

        13.3.2. By Service Type

    13.4. Competitive Business Strategies

    13.5. Company Profiles

        13.5.1. EXOS

            13.5.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.1.2. Product Portfolio

            13.5.1.3. SWOT Analysis

            13.5.1.4. Strategic Overview

        13.5.2. ProvantHealth (Hooper Holmes, Inc.)

            13.5.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.2.2. Product Portfolio

            13.5.2.3. SWOT Analysis

            13.5.2.4. Strategic Overview

        13.5.3. Wellness Corporate Solutions

            13.5.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.3.2. Product Portfolio

            13.5.3.3. SWOT Analysis

            13.5.3.4. Strategic Overview

        13.5.4. ComPsych Corporation

            13.5.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.4.2. Product Portfolio

            13.5.4.3. SWOT Analysis

            13.5.4.4. Strategic Overview

        13.5.5. Optum, Inc. (United Health Group)

            13.5.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.5.2. Product Portfolio

            13.5.5.3. SWOT Analysis

            13.5.5.4. Strategic Overview

        13.5.6. Sodexo

            13.5.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.6.2. Product Portfolio

            13.5.6.3. SWOT Analysis

            13.5.6.4. Strategic Overview

        13.5.7. BupaWellness Pty Ltd. (BupaGroup)

            13.5.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.7.2. Product Portfolio

            13.5.7.3. SWOT Analysis

            13.5.7.4. Strategic Overview

        13.5.8. JLT Australia (RecovreGroup)

            13.5.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.8.2. Product Portfolio

            13.5.8.3. SWOT Analysis

            13.5.8.4. Strategic Overview

        13.5.9. Central Corporate Wellness

            13.5.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.9.2. Product Portfolio

            13.5.9.3. SWOT Analysis

            13.5.9.4. Strategic Overview

        13.5.10. Truworth Wellness

            13.5.10.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.10.2. Product Portfolio

            13.5.10.3. SWOT Analysis

            13.5.10.4. Strategic Overview

        13.5.11. CXA Group Pte. Limited

            13.5.11.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.11.2. Product Portfolio

            13.5.11.3. SWOT Analysis

            13.5.11.4. Strategic Overview

        13.5.12. SOL Wellness

            13.5.12.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.5.12.2. Product Portfolio

            13.5.12.3. SWOT Analysis

            13.5.12.4. Strategic Overview

List of Tables

Table 01: Global Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

Table 02: Global Corporate Wellness Market Revenue (US$ Mn) Forecast, by Region, 2021–2028

Table 03: North America Corporate Wellness Market Size (US$ Mn) Forecast, by Country, 2021–2028

Table 04: North America Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

Table 05: Europe Corporate Wellness Market Size (US$ Mn) Forecast, by Country/Sub-region, 2021–2028

Table 06: Europe Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

Table 07: Asia Pacific Corporate Wellness Market Size (US$ Mn) Forecast, by Country /Sub-region, 2021–2028

Table 08: Asia Pacific Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

Table 09: Latin America Corporate Wellness Market Size (US$ Mn) Forecast, by Country/Sub-region, 2021–2028

Table 10: Latin America Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

Table 11: Middle East & Africa Corporate Wellness Market Size (US$ Mn) Forecast, by Country/Sub-Region, 2021–2028

Table 12: Middle East & Africa Corporate Wellness Market Size (US$ Mn) Forecast, by Service Type, 2021–2028

List of Figures

Figure 01: Global Corporate Wellness Market Snapshot

Figure 02: Global Corporate Wellness Market Size (US$ Mn) Forecast, 2017–2028

Figure 03: Global Corporate Wellness Market Value Share Analysis, by Service Type, 2020 and 2028

Figure 04: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Health Risk Assessment, 2017–2028

Figure 05: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Fitness, 2017–2028

Figure 06: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Smoking Cessation, 2017–2028

Figure 07: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Health Screening, 2017–2028

Figure 08: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Weight Management, 2017–2028

Figure 09: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Nutrition, 2017–2028

Figure 10: Global Corporate Wellness Market Value (US$ Mn) and Y-o-Y Growth, by Others, 2017–2028

Figure 11: Global Corporate Wellness Market Attractiveness Analysis, by Service Type, 2017–2028

Figure 12: Global Corporate Wellness Market Value Share, by Region, 2020 and 2028

Figure 13: Global Corporate Wellness Market Attractiveness Analysis, by Region, 2017–2028

Figure 14: North America Corporate Wellness Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2028

Figure 15: North America Corporate Wellness Market Value Share, by Country, 2020 and 2028

Figure 16: North America Corporate Wellness Market Value Share, by Service Type, 2020 and 2028

Figure 17: North America Corporate Wellness Market Attractiveness Analysis, by Service Type, 2021-2028

Figure 18: North America Corporate Wellness Market Attractiveness Analysis, by Country, 2021-2028

Figure 19: Europe Corporate Wellness Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2028

Figure 20: Europe Corporate Wellness Market Value Share, by Country/Sub-region, 2020 and 2028

Figure 21: Europe Corporate Wellness Market Value Share, by Service Type, 2020 and 2028

Figure 22: Europe Corporate Wellness Market Attractiveness Analysis, by Service Type, 2021-2028

Figure 23: Europe Corporate Wellness Market Attractiveness Analysis, by Country/Sub-region, 2021-2028

Figure 24: Asia Pacific Corporate Wellness Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2028

Figure 25: Asia Pacific Corporate Wellness Market Value Share, by Country /Sub-region, 2020 and 2028

Figure 26: Asia Pacific Corporate Wellness Market Value Share, by Service Type, 2020 and 2028

Figure 27: Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Service Type, 2021-2028

Figure 28: Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Country/Sub-region, 2021-2028

Figure 29: Latin America Corporate Wellness Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2028

Figure 30: Latin America Corporate Wellness Market Value Share, by Country/Sub-region, 2020 and 2028

Figure 31: Latin America Corporate Wellness Market Value Share, by Service Type, 2020 and 2028

Figure 32: Latin America Corporate Wellness Market Attractiveness Analysis, by Service Type, 2021-2028

Figure 33: Latin America Corporate Wellness Market Attractiveness Analysis, by Country/Sub-region, 2021-2028

Figure 34: Middle East & Africa Corporate Wellness Market Size (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2028

Figure 35: Middle East & Africa Corporate Wellness Market Value Share, by Country/Sub-Region, 2020 and 2028

Figure 36: Middle East & Africa Corporate Wellness Market Value Share, by Service Type, 2020 and 2028

Figure 37: Middle East & Africa Corporate Wellness Market Attractiveness Analysis, by Service Type, 2021-2028

Figure 38: Middle East & Africa Corporate Wellness Market Attractiveness Analysis, by Country/Sub-Region, 2021-2028

Figure 39: The U.S. Corporate Wellness Market Share Analysis, by Company, 2020 (Estimated)

Figure 40: Australia Corporate Wellness Market Share Analysis, by Company, 2020 (Estimated)

Figure 41: Spain Corporate Wellness Market Share Analysis, by Company, 2020 (Estimated)

Figure 42: Japan Corporate Wellness Market Share Analysis, by Company, 2020 (Estimated)

Transparency Market Research Plus

Get a free copy if the report you purchased is updated within 90 days

Copyright © Transparency Market Research, Inc. All Rights reserved