The global corporate wellness market is expected to grow at a CAGR of around 8.5% from 2020 to 2027 and expected to reach the market value of around US$ 84.5 Bn by 2027.
Any workplace health promotion activity or organizational policy aimed at encouraging healthy behavior in employees and improving health outcomes. Workplace wellness has evolved over the last decade to include the establishment of a "culture of health" on the job.
Market Dynamics
Rising prevalence of obesity associated with deskbound lifestyle
Obesity was found in 40% of adults aged 20 to 39 years, 44.8% of adults aged 40 to 59 years, and 42.8% of adults aged 60 and older, in 2017-2018 according to the Centers for Disease Control and Prevention (CDC). Furthermore, lifestyle disorders share risk factors with long-term exposure to three modifiable lifestyle behaviors. These include smoking, an unhealthy diet, and physical inactivity – all of which contribute to the development of chronic diseases such as heart disease, stroke, diabetes, obesity, metabolic syndrome, chronic obstructive pulmonary disease, and some types of cancer. According to United Nations estimates, by 2030, the proportion of total global deaths due to chronic diseases is expected to rise to 70%, with the global disease burden rising to 56%.
A holistic approach to corporate wellness program will propel the corporate wellness market growth
According to data from the U.S. Department of Health and Human Services, some employers may provide a workplace wellness program as part of a group health plan for employees. Some employers, for example, provide certain incentives or rewards related to group health plan benefits, such as premium or cost-sharing reductions, in exchange for participation in a wellness program. Other employers may provide workplace wellness program on their own, rather than as part of a group health plan. Individually identifiable health information collected from or created about wellness program participants is PHI and is protected by the HIPAA Rules when offered as part of a group health plan. But apart from that, according to the Workplace Health in America 2017 report, more than 156 million full-time workers in the United States spend the majority of their daily waking hours at work. The Centers for Disease Control and Prevention (CDC) and researchers from the University of North Carolina at Chapel Hill's Gillings School of Global Public Health surveyed nearly 3,000 diverse workplaces about their health promotion program and policies. These included for-profit, non-profit, and government workplaces of all sizes and industries throughout the United States. According to the report, nearly 30% of workplaces nationwide offered some type of program to address physical activity, fitness, or sedentary behavior. Around 19% of workplaces offered a program to help employees quit using tobacco products, and around 17% of workplaces offered a program to address obesity or weight management.
Big calls for Corporate Wellness" amid COVID-19 pandemic
COVID-19 has resulted in change that the world has never seen before. In just a few weeks, health-care systems have gone into crisis mode, governments have closed borders, and financial markets have become volatile. Our current pandemic has once again demonstrated that our future is far less predictable than we imagined. Climate change and environmental factors, rapid population growth, and hyper-expansion of information and technology all govern organizations (at the very least). They will now add the emerging threat of global viruses to this list. To avoid this, organizations will now not only strengthen their emergency management and business continuity plans to mitigate product shortages, labor shortages, and financial difficulties, but they will also add prevention and wellness to their efforts. Employers will priorities prevention and wellness because they recognize that these strategies help employees manage stress and boost immunity to prevent disease, as well as connect employees with one another through healthy lifestyles and maintain a positive company culture. Companies will be forced to take a broader interest in the stability of the bedrock upon which their existence is based, including environmental health; integrity in government policy, including energy and health; and the evolution of education. People's protection, safety, and wellness will become a priority in the workplace in the future. Physical, mental, and emotional wellness will be prioritized, for example, by improving building health through ventilation, sanitation, cleaning, lighting, and other wellness strategies. It will be a corporate responsibility to ensure that employees are as healthy as possible, with a functioning immune system, education and expertise in personal wellness and wellbeing, increased remote working options, and significant shifts in perspective that see employees treated reverently as whole human beings. This will also include an ethical examination of previously accepted and ignored factors detrimental to wellness (e.g., the vast amounts of time spent in motor vehicle commutes) and will motivate organizations to redefine their beliefs, policies, and practices supporting when and how people work in order to facilitate greater wellness and effectiveness.
Market Segmentation
The global corporate wellness market is segmented based on service, category, delivery model, and end-use. By service, the market is segmented as health risk assessment, fitness, smoking cessation, health screening, nutrition & weight management, stress management, and others. By category, the market is segmented based on fitness & nutrition consultants, psychological therapists, and organizations/employers. By delivery model, the market is classified into onsite and offsite. By end-use, the market is segmented as small scale organizations, medium scale organizations, and large scale organizations
The health risk assessment service segment is expected to dominate the global corporate wellness market. Organizations/employers are expected to dominate the global corporate wellness market by category. The onsite corporate wellness program segment is expected to dominate the global corporate wellness market based on delivery model. Furthermore, large scale organizations are expected to dominate the global corporate wellness market by end-use.
Regional Landscape
North America is expected to dominate the global corporate wellness market with a reasonable market share throughout the forecast period. According to the RAND employer survey, roughly 50% of employers in the United States provide wellness program to their employees. Larger corporations provide more complex wellness program. This is one of the major factors driving the growth of the global corporate wellness market. Asia Pacific, on the other hand, is expected to grow rapidly in the coming years, with a significant CAGR. The region's need for corporate wellness program is driven by the region's growing working population and growing awareness about employee health management.
Competitive Landscape
The prominent players in the global corporate wellness market involve ComPsych Corporation, Wellness Corporate Solutions, Virgin Pulse, Provant Health Solutions, EXOS (formed Athletes' Performance), Marino Wellness, Privia Health, Vitality Group International, Inc., Wellsource, Inc., and among others
Market Segmentation
Market By Service
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition & Weight Management
Stress Management
Others
Market By Category
Fitness & Nutrition Consultants
Psychological Therapists
Organizations/Employers
Market By Delivery Model
Onsite
Offsite
Market By End-use
Small Scale Organizations
Medium Scale Organizations
Large Scale Organizations
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Corporate Wellness
1.1.Definition and Scope
1.1.1.Definition of Corporate Wellness
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Corporate Wellness Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Corporate Wellness Market By Service
1.2.3.Corporate Wellness Market By Category
1.2.4.Corporate Wellness Market By Delivery Model
1.2.5.Corporate Wellness Market By End-use
1.2.6.Corporate Wellness Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Regulatory Compliance
3.6.Competitive Landscape, 2019
3.6.1.Player Positioning Analysis
3.6.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Corporate Wellness Market By Service
4.1.Introduction
4.2.Corporate Wellness Revenue By Service
4.2.1.Corporate Wellness Revenue (US$ Mn) and Forecast, By Service, 2016-2027
4.2.2.Health Risk Assessment
4.2.2.1.Health Risk Assessment Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.3.Fitness
4.2.3.1.Fitness Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.4.Smoking Cessation
4.2.4.1.Smoking Cessation Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.5.Health Screening
4.2.5.1.Health Screening Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.6.Nutrition & Weight Management
4.2.6.1.Nutrition & Weight Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.7.Stress Management
4.2.7.1.Stress Management Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
4.2.8.Others
4.2.8.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 5.Corporate Wellness Market Revenue By Category
5.1.Introduction
5.2.Corporate Wellness Revenue (US$ Mn) By Category
5.2.1.Corporate Wellness Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
5.2.2.Fitness & Nutrition Consultants
5.2.2.1.Fitness & Nutrition Consultants Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3.Psychological Therapists
5.2.3.1.Psychological Therapists Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.4.Organizations/Employers
5.2.4.1.Organizations/Employers Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6.Corporate Wellness Market By Delivery Model
6.1.Introduction
6.2.Corporate Wellness Revenue (US$ Mn) By Delivery Model
6.2.1.Corporate Wellness Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
6.2.2.Onsite
6.2.2.1.Onsite Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3.Offsite
6.2.3.1.Offsite Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7.Corporate Wellness Market By End-use
7.1.Introduction
7.2.Corporate Wellness Revenue (US$) By End-use
7.2.1.Corporate Wellness Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
7.3.Small Scale Organizations
7.3.1.Small Scale Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.4.Medium Scale Organizations
7.4.1.Medium Scale Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.5.Large Scale Organizations
7.5.1.Large Scale Organizations Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8.North America Corporate Wellness Market By Country
8.1.North America Corporate Wellness Overview
8.2.U.S.
8.2.1.U.S. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
8.2.2.U.S. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
8.2.3.U.S. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
8.2.4.U.S. Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.3.Canada
8.3.1.Canada Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
8.3.2.Canada Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
8.3.3.Canada Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
8.3.4.Canada Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
8.4.North America PEST Analysis
CHAPTER 9.Europe Corporate Wellness Market By Country
9.1.Europe Corporate Wellness Market Overview
9.2.U.K.
9.2.1.U.K. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.2.2.U.K. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
9.2.3.U.K. Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
9.2.4.U.K. Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.3.Germany
9.3.1.Germany Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.3.2.Germany Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
9.3.3.Germany Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
9.3.4.Germany Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.4.France
9.4.1.France Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.4.2.France Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
9.4.3.France Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
9.4.4.France Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.5.Spain
9.5.1.Spain Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.5.2.Spain Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
9.5.3.Spain Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
9.5.4.Spain Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.6.Rest of Europe
9.6.1.Rest of Europe Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016-2027
9.6.2.Rest of Europe Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016-2027
9.6.3.Rest of Europe Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016-2027
9.6.4.Rest of Europe Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016-2027
9.7.Europe PEST Analysis
CHAPTER 10.Asia Pacific Corporate Wellness Market By Country
10.1.Asia Pacific Corporate Wellness Market Overview
10.2.China
10.2.1.China Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.2.2.China Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.2.3.China Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.2.4.China Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.3.Japan
10.3.1.Japan Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.3.2.Japan Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.3.3.Japan Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.3.4.Japan Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.4.India
10.4.1.India Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.4.2.India Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.4.3.India Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.4.4.India Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.5.Australia
10.5.1.Australia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.5.2.Australia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.5.3.Australia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.5.4.Australia Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.6.South Korea
10.6.1.South Korea Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.6.2.South Korea Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.6.3.South Korea Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.6.4.South Korea Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.7.Rest of Asia-Pacific
10.7.1.Rest of Asia-Pacific Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
10.7.2.Rest of Asia-Pacific Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
10.7.3.Rest of Asia-Pacific Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
10.7.4.Rest of Asia-Pacific Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
10.8.Asia Pacific PEST Analysis
CHAPTER 11.Latin America Corporate Wellness Market By Country
11.1.Latin America Corporate Wellness Market Overview
11.2.Brazil
11.2.1.Brazil Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.2.2.Brazil Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
11.2.3.Brazil Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
11.2.4.Brazil Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.3.Mexico
11.3.1.Mexico Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.3.2.Mexico Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
11.3.3.Mexico Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
11.3.4.Mexico Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
11.4.Rest of Latin America
11.4.1.Rest of Latin America Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
11.4.2.Rest of Latin America Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
11.4.3.Rest of Latin America Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
11.4.4.Rest of Latin America Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
11.5.Latin America PEST Analysis
CHAPTER 12.Middle East & Africa Corporate Wellness Market By Country
12.1.Middle East & Africa Corporate Wellness Market Overview
12.2.Saudi Arabia
12.2.1.Saudi Arabia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.2.2.Saudi Arabia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
12.2.3.Saudi Arabia Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
12.2.4.Saudi Arabia Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.3.UAE
12.3.1.UAE Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.3.2.UAE Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
12.3.3.UAE Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
12.3.4.UAE Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 - 2027
12.4.Rest of Middle East & Africa
12.4.1.Rest of Middle East & Africa Corporate Wellness Market Revenue (US$ Mn) and Forecast By Service, 2016 - 2027
12.4.2.Rest of Middle East & Africa Corporate Wellness Market Revenue (US$ Mn) and Forecast By Category, 2016 - 2027
12.4.3.Rest of Middle East & Africa Corporate Wellness Market Revenue (US$ Mn) and Forecast By Delivery Model, 2016 - 2027
12.4.4.Rest of Middle East & Africa Corporate Wellness Market Revenue (US$ Mn) and Forecast By End-use, 2016 – 2027
12.5.Middle East & Africa PEST Analysis
CHAPTER 13.Player Analysis Of Corporate Wellness
13.1.Corporate Wellness Market Company Share Analysis
13.2.Competition Matrix
13.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2.New Product Launches and Product Enhancements
13.2.3.Mergers And Acquisition In Global Corporate Wellness Market
13.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14.Company Profile
14.1.ComPsych Corporation
14.1.1.Company Snapshot
14.1.2.Business Overview
14.1.3.Financial Overview
14.1.3.1.Revenue (US$ Mn), 2019
14.1.3.2.ComPsych Corporation 2019 Corporate Wellness Business Regional Distribution
14.1.4.Product/ Service and Specification
14.1.5.Recent Developments & Business Strategy
14.1.6.Manufacturing Plant Footprint Analysis
14.2.Wellness Corporate Solutions
14.3.Virgin Pulse
14.4.Provant Health Solutions
14.5.EXOS (formed Athletes' Performance)
14.6.Marino Wellness
14.7.Privia Health
14.8.Vitality Group International, Inc.
14.9.Wellsource, Inc.
14.10.Others
