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Health Risk Assessment Segment to Churn Maximum Growth for the Corporate Wellness Market from 2018 to 2026, Says TMR

The office culture around the world has made great strides in terms of technology, but at the cost of a decrease in mental and physical health. Technology did provide convenience to the employees in an organization but on the flip side, it had a negative impact on the physical and mental health of the employees.

With large time durations on the work desk, an employee now struggles to maintain a healthy living. Maintaining a balance between physical health and work has become difficult. To ease this difficulty, concepts like corporate wellness emerged. Based on these factors, the corporate wellness market will observe good growth prospects across the forecast period of 2018-2026.

A corporate wellness program is an employers’ approach toward achieving a healthy workplace. These programs comprise numerous health-boosting activities for the employees. The activities are designed to fit in the daily routines of the individuals. They form an vital aspect for employee acquisition and retention. These programs are customized according to the size and type of a particular organization.

Undertaking employee wellness initiatives is of grave importance for many organizations and workplaces. It is an important aspect for developing the productivity and the health of the employees. Reduced absenteeism, decreased job turnover, and job satisfaction are major benefits that have a positive impact on the growth of the corporate wellness market.

Transparency Market Research’s (TMR’s) research report on corporate wellness market has every component that will assist the stakeholder in understanding the current scenario. Top trends in the corporate wellness market are included in the report that enables stakeholders and CXOs to take calculated risks.

The overall market survey of corporate wellness by TMR suggests a promising growth period. According to the TMR experts, the market for corporate wellness is prognosticated to expand at a healthy CAGR of 8.8 percent during the assessment period of 2018-2026.

corporate wellness market

Tech-Enabled Corporate Wellness Programs to Propel Growth Prospects

The utilization of technology for designing and structuring corporate wellness programs may serve as a good growth generator for the corporate wellness market. The players in the corporate wellness market are leveraging technology to enhance their wellness programs.

For instance, LifeOmic, a health cloud platform and mobile app developer recently launched its first corporate wellness solution. Known as LifeOmic Precision Wellness, this program includes the use of its app, LIFE Extend. Employees can also create social circles within the organization through this program. Such developments prove to be beneficial for the growth of the corporate wellness market.

Wearable Device Integration to Boost Growth

Many corporate wellness programs are now integrated with technologies that help in connecting wearable devices such as Fitbit and Apple Watch. The integration of these devices enhances the value of corporate wellness. In addition, the employees can get unlimited access to these programs anywhere. Therefore, these benefits help in increasing the growth rate of the corporate wellness market.

Remote Working Corporate Wellness Programs to Sow the Seeds of Growth

The advent of the novel coronavirus pandemic forced a large number of employees to work from home. This factor led to an increase in the remote working mechanism. Remote workplace wellness is gaining considerable traction. The pandemic has not been fully overturned yet. Due to this factor, the remote working arrangement is expected to continue for a longer time. Many renowned companies have also announced permanent work-from-home for their employees.

Seeing the popularity of remote working, many players in the corporate wellness market are designing their programs accordingly. The market analysis of corporate wellness by TMR predicts that the growing awareness among a large number of organizations and companies regarding employee wellness will bring tremendous growth opportunities.

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Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories. 

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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