Corporate Wellness Market Size to Surpass USD 85.02 Billion by 2030, at a CAGR of 4.8%

As per the report by Fortune Business Insights, the global Corporate Wellness Market size is projected to reach USD 85.02 billion in 2030, at a CAGR of 4.8% during the forecast period, 2023-2030

Corporate Wellness Market

Pune, India, Nov. 27, 2023 (GLOBE NEWSWIRE) — Global Corporate Wellness Market Size was valued at USD 58.68 billion in 2022 and is projected to grow from USD 85.02 billion by 2030 exhibiting a CAGR of 4.8% during the forecast period. Growing Incidence of Mental Stress Along with Rising Emphasis on Mental Health to Propel the Market Growth

Corporate wellness programs are created to help employees get involved in healthy workplace behavior and help them understand the risks related to health better. The market expansion can be credited to the shift in focus of employers toward employees’ virtual and holistic wellness. This shift in preference can be attributed to the growing number of working professionals suffering from stress associated with work.

This information is provided by Fortune Business Insights™ in its research report titled Corporate Wellness Market, 2023-2030.

Key Industry Development-

• April 2023: Lionrock Recovery announced the launch of a free program for companies addressing substance use disorder in the organization.

Request a Sample PDF – https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/corporate-wellness-market-106931

Key Takeaways –

• Corporate Wellness Market size in North America was USD 22.08 billion in 2022
• Rising mental stress and increased focus on mental health drive market growth.
• Growing emphasis on employee engagement and cost-cutting boosts corporate wellness service adoption.
• The health risk assessment segment is expected to hold a major market share during the projected period.

Discover the Leading Players Featured in the Report-

• ComPsych Corporation (U.S.)
• Privia Health (U.S.)
• Virgin Pulse (U.S.)
• EXOS (U.S.)
• Marino Wellness (U.S.)
• Vitality (U.S.)
• Wellsource, Inc. (U.S.)
• Central Corporate Wellness (Singapore)
• Truworth Wellness (India)

Report Scope & Segmentation:

Browse Complete Report Details- https://www.fortunebusinessinsights.com/corporate-wellness-market-106931

Drivers & Restraints:

Growing Incidence of Mental Stress Along with Rising Emphasis on Mental Health to Propel the Market Growth

One of the major factors propelling corporate wellness market growth is focus on mental health coupled with the rising incidence of mental stress. The poor working environments, including discrimination, workplace inequality, excessive workload, and job insecurity, have increased the mental health burden among working professionals, bolstering the demand for corporate wellness programs.

However, low awareness and employee engagement in developing economies may impede market growth.

Segmentation:

By Services

• Health Risk Assessment
• Smoking Cessation
• Fitness
• Weight/ Nutrition Management
• Stress Management
• Others

By Delivery Model

• Onsite
• Virtual

By End User

• Small-sized Organizations
• Medium-sized Organizations
• Large Organizations

Regional Insights:

North America Dominated due to the Growing Uptake of Workplace Wellness Programs by Employees

North America corporate wellness market accounted for the largest share in 2022. The surging adoption of workplace wellness programs by employees for the reduction of absenteeism is bolstering the regional growth.

Europe market held the second largest share in 2022, owing to the growing adoption of corporate wellness services by organizations for the improvement of workplace efficiency.

Quick Buy – Corporate Wellness Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/106931

Competitive Landscape:

Prominent Players Focus on Product Innovations to Outshine the Competition

The market has the presence of various players such as EXOS, Virgin Pulse, ComPsych, and others. Many companies are focusing on developing innovative products to keep ahead of the competition. Several market players are deploying other competitive strategies such as mergers and acquisitions, collaborations, and others.

FAQs

How big is the Corporate Wellness Market?

Corporate Wellness Market size was USD 58.68 billion in 2022. It is expected to reach USD 85.02 billion in 2030.

How fast is the Corporate Wellness Market growing?

The Corporate Wellness Market will exhibit a CAGR of 4.8% during the forecast period, 2023-2030.

Related Reports:

mHealth Market Analysis, Global Size and Industry Share Forecast

Digital Health Market Size, Share, Revenue Forecast and Opportunities

Women’s Health Devices Market Overview, Industry Share and Forecast

Personalized Medicine Market Analysis, Size, Share and Overview

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

Attachment

• Corporate Wellness Market