Market Overview:
The global corporate wellness services market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing awareness about the benefits of corporate wellness programs and the rising demand for preventive healthcare services. The global corporate wellness services market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into health risk assessment, health screening, smoking cessation, stress management, nutrition & weight management, and other services. Health risk assessment is expected to account for a major share of the global corporate wellness services market in 2018 owing to its ability to identify potential health risks among employees and help organizations take preventive measures accordingly. Health screening is also anticipated to witness significant growth during the forecast period as it helps organizations detect early signs of diseases in their employees and take necessary steps for their treatment. Smoking cessation is another key segment in this market due with its growing popularity among employees as a means of improving their overall health condition.
Product Definition:
The term "corporate wellness services" generally refers to a wide range of programs and initiatives designed to improve the health and well-being of employees. Such programs can include everything from on-site exercise facilities to smoking cessation counseling, weight management classes, and nutritional education.
There is a growing body of evidence that suggests that corporate wellness programs can lead to improved employee health, reduced healthcare costs, and even increased productivity. For these reasons, many businesses are now investing in corporate wellness services as a way to improve the overall health and well-being of their workforce.
Health Risk Assessment:
Health risk assessment is a tool that helps organizations identify the health risks faced by employees and design an action plan to reduce them. The process involves analyzing information such as demographic data, lifestyle habits, and current medical conditions of an individual to derive the health risks.
The global Health Risk Assessment (HRA) market was valued at USD 1,26 billion in 2014.
Health Screening:
Health screening is a process to identify risk factors for diseases and monitor health conditions of an individual. Health screening programs are used in corporate wellness services to identify the risk factors related to work-related illnesses, injuries, and other physical ailments.
Application Insights:
On the basis of application, the global corporate wellness services market is segmented into large scale organizations, medium scale organizations and small scale organizations. Large-scale companies dominate this industry owing to their size and resources. Medium-scale companies offer a wide range of benefits to employees while small-scale companies provide limited health screening facilities. Companies with more than 1,00,000 employees are considered as large-scale organization; however, for purposes related to wellness programs such as employee health assessments or medical management only counts as medium or big sized company depending upon the number of people covered by these programs (HealthEquity).
Large scale organization is expected to be at highest growth rate over forecast period due in part that they have been proactive in adopting various initiatives such as offering gym membership facilities.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing cases of lifestyle-related diseases, high stress levels, and smoking prevalence in U.S., Canada, and Mexico. In addition, rising adoption of corporate wellness programs by large scale organizations in order to improve employee health & productivity is also one of the major factors contributing toward regional growth.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and growing awareness about mental well-being among employees across various industries including healthcare services sector which contributes significantly towards regional revenue generation in 2018).
Growth Factors:
- Increasing awareness about the benefits of corporate wellness services among employees.
- Rising demand for preventive healthcare services among employees.
- Growing number of companies offering corporate wellness programs to their employees.
- Proliferation of technology-based corporate wellness solutions and services.
- Increasing focus on employee productivity and reducing healthcare costs by organizations
Scope Of The Report
Report Attributes
Report Details
Report Title
Corporate Wellness Services Market Research Report
By Type
Health Risk Assessment, Health Screening, Smoking Cessation, Stress Management, Nutrition & Weight Management, Other
By Application
Large Scale Organizations, Medium Scale Organizations, Small Scale Organizations
By Companies
Wellness Corporate Solutions, ComPsych, Provant Health Solutions, Beacon Health Options, Virgin Pulse, Marino Wellness, EXOS, Vitality Group, Privia Health, Central Corporate Wellness, Wellsource, Inc., SOL Wellness, Truworth Wellness, ADURO, INC., Well Nation, Fitbit, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Corporate Wellness Services Market Report Segments:
The global Corporate Wellness Services market is segmented on the basis of:
Types
Health Risk Assessment, Health Screening, Smoking Cessation, Stress Management, Nutrition & Weight Management, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Scale Organizations, Medium Scale Organizations, Small Scale Organizations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Wellness Corporate Solutions
- ComPsych
- Provant Health Solutions
- Beacon Health Options
- Virgin Pulse
- Marino Wellness
- EXOS
- Vitality Group
- Privia Health
- Central Corporate Wellness
- Wellsource, Inc.
- SOL Wellness
- Truworth Wellness
- ADURO, INC.
- Well Nation
- Fitbit, Inc.
Highlights of The Corporate Wellness Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Health Risk Assessment
- Health Screening
- Smoking Cessation
- Stress Management
- Nutrition & Weight Management
- Other
- By Application:
- Large Scale Organizations
- Medium Scale Organizations
- Small Scale Organizations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Corporate Wellness Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Corporate wellness services are a type of health care that companies can offer their employees. Corporate wellness services typically include screenings for diseases and conditions, such as cancer, heart disease, and diabetes; counseling about healthy lifestyle choices; and physical activity programs.
Some of the major players in the corporate wellness services market are Wellness Corporate Solutions, ComPsych, Provant Health Solutions, Beacon Health Options, Virgin Pulse, Marino Wellness, EXOS, Vitality Group, Privia Health, Central Corporate Wellness, Wellsource, Inc., SOL Wellness, Truworth Wellness, ADURO, INC., Well Nation, Fitbit, Inc..
The corporate wellness services market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Corporate Wellness Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Corporate Wellness Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Corporate Wellness Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Corporate Wellness Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Corporate Wellness Services Market Size & Forecast, 2018-2028
4.5.1 Corporate Wellness Services Market Size and Y-o-Y Growth
4.5.2 Corporate Wellness Services Market Absolute $ Opportunity
Chapter 5 Global Corporate Wellness Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Corporate Wellness Services Market Size Forecast by Type
5.2.1 Health Risk Assessment
5.2.2 Health Screening
5.2.3 Smoking Cessation
5.2.4 Stress Management
5.2.5 Nutrition & Weight Management
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Corporate Wellness Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Corporate Wellness Services Market Size Forecast by Applications
6.2.1 Large Scale Organizations
6.2.2 Medium Scale Organizations
6.2.3 Small Scale Organizations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Corporate Wellness Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Corporate Wellness Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Corporate Wellness Services Analysis and Forecast
9.1 Introduction
9.2 North America Corporate Wellness Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Corporate Wellness Services Market Size Forecast by Type
9.6.1 Health Risk Assessment
9.6.2 Health Screening
9.6.3 Smoking Cessation
9.6.4 Stress Management
9.6.5 Nutrition & Weight Management
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Corporate Wellness Services Market Size Forecast by Applications
9.10.1 Large Scale Organizations
9.10.2 Medium Scale Organizations
9.10.3 Small Scale Organizations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Corporate Wellness Services Analysis and Forecast
10.1 Introduction
10.2 Europe Corporate Wellness Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Corporate Wellness Services Market Size Forecast by Type
10.6.1 Health Risk Assessment
10.6.2 Health Screening
10.6.3 Smoking Cessation
10.6.4 Stress Management
10.6.5 Nutrition & Weight Management
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Corporate Wellness Services Market Size Forecast by Applications
10.10.1 Large Scale Organizations
10.10.2 Medium Scale Organizations
10.10.3 Small Scale Organizations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Corporate Wellness Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Corporate Wellness Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Corporate Wellness Services Market Size Forecast by Type
11.6.1 Health Risk Assessment
11.6.2 Health Screening
11.6.3 Smoking Cessation
11.6.4 Stress Management
11.6.5 Nutrition & Weight Management
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Corporate Wellness Services Market Size Forecast by Applications
11.10.1 Large Scale Organizations
11.10.2 Medium Scale Organizations
11.10.3 Small Scale Organizations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Corporate Wellness Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Corporate Wellness Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Corporate Wellness Services Market Size Forecast by Type
12.6.1 Health Risk Assessment
12.6.2 Health Screening
12.6.3 Smoking Cessation
12.6.4 Stress Management
12.6.5 Nutrition & Weight Management
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Corporate Wellness Services Market Size Forecast by Applications
12.10.1 Large Scale Organizations
12.10.2 Medium Scale Organizations
12.10.3 Small Scale Organizations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Corporate Wellness Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Corporate Wellness Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Corporate Wellness Services Market Size Forecast by Type
13.6.1 Health Risk Assessment
13.6.2 Health Screening
13.6.3 Smoking Cessation
13.6.4 Stress Management
13.6.5 Nutrition & Weight Management
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Corporate Wellness Services Market Size Forecast by Applications
13.10.1 Large Scale Organizations
13.10.2 Medium Scale Organizations
13.10.3 Small Scale Organizations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Corporate Wellness Services Market: Competitive Dashboard
14.2 Global Corporate Wellness Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wellness Corporate Solutions
14.3.2 ComPsych
14.3.3 Provant Health Solutions
14.3.4 Beacon Health Options
14.3.5 Virgin Pulse
14.3.6 Marino Wellness
14.3.7 EXOS
14.3.8 Vitality Group
14.3.9 Privia Health
14.3.10 Central Corporate Wellness
14.3.11 Wellsource, Inc.
14.3.12 SOL Wellness
14.3.13 Truworth Wellness
14.3.14 ADURO, INC.
14.3.15 Well Nation
14.3.16 Fitbit, Inc.
