Workplace Stress Management Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Workplace Stress Management market size was valued at US$ 7.06 billion in 2020 and is anticipated to grow at a CAGR of 8.10% during forecast period 2021 to 2028.

Growth Factors

With the rising competition, the employees work under a lot of pressure and excessive demands. Hence, stress us an adverse reaction which disturbs the equilibrium of work-life balance for the employees. The awareness about stress management is increasing owing to the initiatives taken up by employers across the world. Stress management programs are anticipated to be a crucial part of employee management processes in the coming years.

Health and safety legislation requires employers to assess the risk hazards in the workplace. Employers are responsible for the implementation of practical measures for risk reduction in the work environment. The risk assessment in the workplace checks whether the already existing control measures prevent harm to employee health. The management standard approach for stress management prevents work-related stress.

Report Highlights

Based on the services offered, the workplace stress management market is categorized into stress assessment, yoga & meditation, resilience training, and progress tracking metrics. Of these, the stress management segment dominated the overall market in terms of revenue share in 2020. Yoga & meditation segment is anticipated to witness the fastest growth rate over the forecast period from 2019 to 2026.

According to the 2018 health & wellbeing report published by the Chartered Institute of Personnel and Development (CIPD), stress is one of the biggest factors contributing to long term employee absence. In addition, the report stated that over 37% of the respondents reported an increase in work-related stress in one year. Furthermore, based on the research by the Capita Employee Benefits for 2016 to 2017, around 75% of the employees in the UK were stressed in 2016. Around 44% of employees reported knowing colleagues who left their work due to stress.

The market is categorized into individual counselors, personal fitness trainers, and meditation specialists. Of these, personal fitness trainers dominated the overall market in terms of revenue share in 2020. On the other hand, the meditation specialists’ segment is anticipated to grow at the fastest growth rate over the forecast period from 2019 to 2026.

Focusing on employee wellbeing can yield positive results to the businesses. Improvement in working practices, management style, internal communications, and employee benefits can positively impact both employees as well as business profits. Although the identification of stressed employees is easier, offering them the help to tackle the stress becomes difficult as the employees are under no obligation to discuss their personal issues in the workplace. Therefore, the delivery mode of stress coping techniques plays a critical role in stress management programs.

Large scale organizations held a majority of the revenue share of the end-user segment in 2020. On the other hand, medium scale organizations are expected to witness the fastest growth over the forecast period from 2019 to 2026. Around 70% of employers invested in health screening services in the last few years. The correctly implemented health programs can increase the profits of the businesses. Large scale organizations can incorporate programs and services into their company’s infrastructure; whereas, small-scaled firms can benefit from corporate memberships and by outsourcing the services.

Based on the type of activities, the market is categorized into indoor and outdoor activities. Indoor activities dominated the market in terms of revenue share in 2020. Whereas the outdoor activities are expected to grow at the fastest rate in the coming years.

Appster, an app developing agency offers employee perks such as free meals and rides to work to minimize stress at work. The office has a pet husky to accompany employees in their free time for outdoor activities. Moreover, the company arranges outings involving stress-busting group activities outside the workplace.

Google offers employee mindfulness classes called Search Inside Yourself, Meditation 101, and Mindfulness Based Stress Reduction. The company created a virtual & in-person community called gPause to promote meditation practice, including assistance such as daily in-person meditation sits, and day meditation retreats.

North America dominated the overall market, in terms of revenue share, in 2020 and will maintain its position throughout the forecast period from 2019 to 2026. Approximately 50% of employers in the U.S. offer employee wellness programs. Larger organizations offer more complex initiatives. The Asia Pacific region, on the other hand, is likely to witness the highest growth rate over the forecast period. The rising number of working individuals in this region along with the growing awareness about the health management of employees is expected to increase the demand for stress management programs.

Key Players

Fitbit; ActiveHealth Management; ComPsych; Marino Wellness; Truworth Wellness; Wellness Corporate Solutions (WCS); Wellsource, Inc.; CuraLinc Healthcare; Central Corporate Wellness; etc.

Market Segmentation

  • Service Outlook 

    • Stress Assessment

    • Yoga & Meditation

    • Resilience Training

    • Progress Tracking Metrics

    • Others

  • Delivery Mode Outlook 

    • Individual Counselors

    • Personal Fitness Trainers

    • Meditation Specialists

    • Others

  • End-Use Outlook

    • Small Scale Organizations

    • Medium Scale Organizations

    • Large Scale Organizations

  • Activity Outlook 

    • Indoor

    • Outdoor

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • UK

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

The Workplace Stress Management market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Workplace Stress Management market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Workplace Stress Management market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Workplace Stress Management market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Workplace Stress Management market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Workplace Stress Management capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Workplace Stress Management by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Workplace Stress Management market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Workplace Stress Management market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Workplace Stress Management market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Workplace Stress Management industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Workplace Stress Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Workplace Stress Management market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Workplace Stress Management market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Workplace Stress Management market. These factors have benefited the growth of the global market for Workplace Stress Management. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Workplace Stress Management. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Workplace Stress Management are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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