Corporate Wellness Market Size, Share | Report 2023-2032
The global corporate wellness market was valued at USD 53.08 billion in 2022 and it is predicted to surpass around USD 82.35 billion by 2032 with a CAGR of 4.49% from 2023 to 2032.
Key Pointers
Report Scope of the Corporate Wellness Market
| Report Coverage | Details |
| Market Size in 2022 | USD 53.08 billion |
| Revenue Forecast by 2032 | USD 82.35 billion |
| Growth rate from 2023 to 2032 | CAGR of 4.49% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | ComPsych; Wellness Corporate Solutions; Virgin Pulse; EXOS; Marino Wellness; Privia Health; Vitality; Wellsource, Inc.; Central Corporate Wellness; Truworth Wellness; SOL Wellness |
Many businesses and enterprises in various industry verticals have started implementing health programs for their employees, which will boost the market demand. Health programs at the workplace help companies in augmenting productivity while reducing overall operational costs. Rising awareness regarding employee health and well-being is expected to drive the market for corporate wellness.
Corporate wellness programs include a set of policies, programs, and benefits addressing multiple risk factors and conditions and influencing both employees and the overall organization. According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), in the U.S., corporate programs promoting well-being and health, and providing disease prevention plans can potentially influence more than 150 million employees reducing the cost of healthcare significantly.
Employees are encouraged to adopt a healthier lifestyle and help companies to enhance productivity and reduce costs, by ultimately improving employee well-being. The total costs related to lost productivity due to absenteeism related to illnesses are expected to cross USD 150 billion in the coming years. The increase in the overweight and obese population results in increased insurance costs, which places a financial strain on companies.
Additionally, market growth is being driven by an increase in the prevalence and early onset of chronic diseases, as well as a decrease in employee healthcare costs. Today's work culture means that the majority of individuals do not have enough time to engage in mental and physical activities after work or during their free time, resulting in health problems. Globally, chronic diseases are a significant threat, since the prevalence of many of these disorders continues to rise. For example, the World Health Organization (WHO) estimates that cancer will claim around 10 million lives by 2020.
Furthermore, according to the American Cancer Society's 2021 statistics, the global burden of cancer is anticipated to rise to 16.3 million cancer deaths and 27.5 million new cases by 2040. Similarly, heart diseases, obesity and diabetes are some of the chronic diseases that have afflicted many countries around the world as a result of an unhealthy and sedentary lifestyle, including many industrialized nations. As a result, the prevalence of numerous chronic diseases is increasing. These diseases, however, are avoidable. As a result, holistic approaches to workplace wellness programmes are in high demand to educate employees about the importance of building healthy habits and the advantages of sticking to fitness goals.
The COVID-19 pandemic has had a significant influence on employees' mental health. Following its inception, it resulted in the work-from-home transition, which caused significant stress among employees due to a sense of isolation. Due to the COVID-19 epidemic, businesses have discovered ways to physically protect and prioritize their employees by giving technical support to aid in the adoption of new leave policies. Employers' priorities have switched to preventive and constructive management, which includes assisting employees in adapting to new requirements.
Corporate Wellness Market Segmentations:
| By Service | By End-Use | By Category | By Delivery Model |
|
Health Risk Assessment Fitness Smoking Cessation Health Screening Nutrition & Weight Management Stress Management Others |
Small Scale Organizations Medium Scale Organizations Large Scale Organizations |
Fitness & Nutrition Consultants Psychological Therapists Organizations/Employers |
Onsite Offsite |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Corporate Wellness Market
5.1. COVID-19 Landscape: Corporate Wellness Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Corporate Wellness Market, By Service
8.1. Corporate Wellness Market, by Service, 2023-2032
8.1.1. Health Risk Assessment
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Fitness
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Smoking Cessation
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Health Screening
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. Nutrition & Weight Management
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. Stress Management
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. Others
8.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Corporate Wellness Market, By Small Scale Organizations
9.1. Corporate Wellness Market, by End-Use, 2023-2032
9.1.1. Small Scale Organizations
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Medium Scale Organizations
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Large Scale Organizations
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Corporate Wellness Market, By Category
10.1. Corporate Wellness Market, by Category, 2023-2032
10.1.1. Fitness & Nutrition Consultants
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Psychological Therapists
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Organizations/Employers
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Corporate Wellness Market, By Delivery Model
11.1. Corporate Wellness Market, by Delivery Model, 2023-2032
11.1.1. Onsite
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Offsite
11.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Corporate Wellness Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.1.3. Market Revenue and Forecast, by Category (2020-2032)
12.1.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.1.6.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Category (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.2.3. Market Revenue and Forecast, by Category (2020-2032)
12.2.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.6.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Category (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.7.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Category (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.2.8.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Category (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.3.3. Market Revenue and Forecast, by Category (2020-2032)
12.3.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.6.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Category (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.7.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Category (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.3.8.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Category (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.4.3. Market Revenue and Forecast, by Category (2020-2032)
12.4.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.6.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Category (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.7.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Category (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Service (2020-2032)
12.4.8.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Category (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.5.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Category (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Service (2020-2032)
12.5.6.2. Market Revenue and Forecast, by End-Use (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Category (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Delivery Model (2020-2032)
Chapter 13. Company Profiles
13.1. ComPsych
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Wellness Corporate Solutions
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Virgin Pulse
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. EXOS
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Marino Wellness
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Privia Health
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Vitality
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Wellsource, Inc.
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Central Corporate Wellness
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Truworth Wellness
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers