Corporate Wellness Market Growth and Regional Forecast 2023
Corporate wellness programs are designed to support employees understand their health risks, pursue healthy behavior at the workplace, and decrease health care expenditure. Corporate wellness programs consist of health risk assessments, fitness, health screening, weight management, smoking cessation, and nutrition. These programs reduce cost of hospitalization, surgeries, and visits to health care specialists. Moreover, corporate wellness programs increase productivity, decrease absenteeism, and improve quality of life of employees.
Market Segment by Companies, this report covers Central Corporate Wellness, TruworthWellness, CXA Group, SOL Wellness, EXOS, ProvantHealth, Wellness Corporate Solutions, ComPsych Corporation and Optum.
Market Segment by Regions, regional analysis covers
· North America (United States, Canada and Mexico)
· Europe (Germany, France, UK, Russia and Italy)
· Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
· South America (Brazil, Argentina, Colombia)
· Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
· Health Risk Assessment
· Fitness
· Smoking Cessation
· Health Screening
· Nutrition & Weight Management
· Stress Management
· Others
Market Segment by Applications, can be divided into
· Large Enterprise
· Small and Medium Enterprise
Scope of the Report:
· This report studies the Corporate Wellness market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Corporate Wellness market by product type and applications/end industries.
· Rising demand for corporate wellness activities due to increased insurance costs that result in financial burden on employers is driving the market. The corporate wellness initiatives target particular health risk factors such as stress, obesity, smoking, diet, lack of exercise, etc.
· The U.S. dominated the corporate wellness market in North America due to rise in investment and adoption of corporate wellness service, surge in health care costs, and increase in incidence of chronic diseases. Furthermore, the corporate wellness market in the U.S. is driven by increase in adoption of newly introduced corporate wellness plans for fitness, weight management, and nutrition. Europe is the second-leading market for corporate wellness services. Germany is a key contributor to the corporate wellness market in Europe. The corporate wellness market in Asia Pacific is growing rapidly, driven primarily by the developing countries.
· The global Corporate Wellness market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
· The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
· North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Corporate Wellness.
· Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Key Strategies of leading players
· Enhance productivity and optimizing back end manufacturing processes
· Product enhancement through integrating new strategies involving big data, advanced analytics into traditional manufacturing processes
· Growing businesses through serving into new application areas and identifying pockets of growth in emerging markets
· Focusing on cost effective production of devices with stability and robustness
· Strategies for Product differentiation and adjusting to the life cycle changes
· Strengthening collaboration with suppliers and distributors
· More focused strategies are found in the report
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