For a long time, the cure for diabetes type 1 and type 2 has relied on agonizing insulin shots for patients or insulin infusion via mechanical pumps. Regarding this, experts have been creating artificial pancreatic beta cells with the he…
Market Overview of Global Corporate Wellness market:
According to our latest research, the global Corporate Wellness market looks promising in the next 5 years. As of 2022, the global Corporate Wellness market was estimated at USD 60886.51 million, and it's anticipated to reach USD 97290.0 million in 2028, with a CAGR of 8.12% during the forecast years.
Workplace wellness is a policy of workplace health promotion activities or organizations aimed at supporting healthy behaviors in the workplace and improving health outcomes. Workplace health is called "corporate benefits" and usually includes activities such as health education, health checks, weight management programs, on-site fitness programs, and facilities.
Enterprise health virtualization
Due to COVID-19, many companies must change their health plans. During the pandemic, the company will provide free fitness videos, happy hours and game nights for virtual teams, on-demand online seminars and fitness classes with various partners and the following, face-to-face meetings on mental health and wellness, and programming. For example, Citi Group (Citi) provides special rewards to more than 75,000 colleagues around the world to help eliminate the economic burden of the epidemic. At the end of the year, their team of health and wellness experts will provide a variety of virtual activities and resources to help employees and their families stay basic and healthy, including online fitness classes, virtual personal training, meditation, breathing exercises, and more.
Focus on mental health services
In April 2020, a survey by the Kaiser Family Foundation found that nearly half of people in the United States felt that the coronavirus had harmed their mental health.
The company's healthy future must address mental health issues in the same way that nutrition, health, and chronic diseases (such as diabetes and high blood pressure) are dealt with. The first step is to encourage open and honest communication about mental health and provide training to managers so that they can spot problems and respond appropriately. Employers can take many other steps, including educating employees about the benefits provided through their Employee Assistance Program (EAP) and health plans, and developing plans that focus on mental and emotional health. Providing resources and advice to all employees will improve quality and create happier and healthier employees.
Economic Factors
Material demand brought about by the improvement of the economic level. Today, with the development of economic globalization, the overall global economic level is rising rapidly. The improvement of the economic level will inevitably bring about people's massive demand for materials. Compared with the relatively mainstream developed countries in many developing countries, the medical and service industries are still unable to meet the increasing needs of people, which brings opportunities for the development of the workplace health plan industry.
In the current capital market, the idle funds in the society have gradually transferred to the health industry. The injection of funds has brought more vitality to the workplace health plan industry to a large extent, thus becoming a workplace health. A big boost to the development of the planned industry. In addition, the workplace health plan provides a corporate health care solution that goes beyond traditional health care plans. It can cultivate healthy habits and improve health status of the employee group, while increasing productivity, optimizing human resource investment and promoting employee engagement.
Social Factors
The popularization of knowledge brings about changes in concepts. With the improvement of people's knowledge level, the popularization of knowledge and the in-depth research of high-end issues in the current era, the improvement of people's health literacy has made more and more people start to pay attention to their own health problems, which has brought about Substantial demand. The change of concept brings about changes in consumer consumption and investment preferences, which in turn affects the development of the health industry. In addition, many chronic diseases can be prevented. Implementing a holistic approach to the company's health plan is an effective way to educate employees on the importance of healthy habits and the benefits of adhering to health goals. In turn, employers are expanding their approach to health planning from an approach that suits everyone to corporate health plans for individuals. In order to support the happy lives of employees, employers are looking for products and services that operate in this common direction.
Region Overview:
In 2022, the share of the Corporate Wellness market in North America stood at 40.05%.
Company Overview:
ComPsych is one of the major players operating in the Corporate Wellness market, holding a share of 13.77% in 2023.
ComPsych
ComPsych is the world's largest provider of employee assistance programs (EAP), a pioneer and global leader in fully integrated EAP, behavioral health, wellness, work and life, HR, FMLA, and absence management services under its Guidance Resources ® brand.
Beacon Health Options
Beacon's system is people-centered and built on a strong support structure of doctors, nurses, therapists, advocates and instructors to meet the behavior, physical and social health needs of members.
Segmentation Overview:
As for product types, the Health Screening segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Large Scale Organizations, with a market share of 54.33% in 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Corporate Wellness market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Corporate Wellness Market Report:
Market Size Estimates: Corporate Wellness market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Corporate Wellness market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Corporate Wellness market
Segment Market Analysis: Corporate Wellness market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Corporate Wellness market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Corporate Wellness Market: Revenue and sales volume of major countries in each region
Corporate Wellness Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Corporate Wellness market in major regions.
Corporate Wellness Industry Value Chain: Corporate Wellness market raw materials & suppliers, manufacturing process, distributors, downstream customers
Corporate Wellness Industry News, Policies & Regulations
Key players in the global Corporate Wellness market are covered in Chapter 12:
Wellness Corporate Solutions
Fitbit,INC
SOL Wellness
Beacon Health Options
Central Corporate Wellness
Wellsource, Inc.
Truworth Wellness
EXOS
Privia Health
Virgin Pulse
Vitality Group
ComPsych
Marino Wellness
ADURO, INC
In Chapter 2 and Chapter 15.1, based on types, the Corporate Wellness market from 2018 to 2028 is primarily split into:
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition & Weight Management
Stress Management
Others
In Chapter 3 and Chapter 15.2, based on applications, the Corporate Wellness market from 2018 to 2028 covers:
Small Scale Organizations
Medium Scale Organizations
Large Scale Organizations
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Corporate Wellness market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028