Increasing chronic diseases among corporate employees are expected to boost the growth of the global corporate wellness market at a CAGR of 8.37% during the forecast period of 2021 to 2027 :

Market Research Future (MRFR) has published a cooked research report on the “Global Corporate wellness Market” that contains the information from 2018 to 2027.


The corporate wellness market is expected to register a CAGR of 8.37% during the forecast period.


MRFR recognizes the following companies as the key players in the global corporate wellness market— ComPsych Corporation (US), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corporate Wellness (Singapore), Sodexo (France), and Vitality Group International, Inc. (US).


Market Highlights


The global corporate wellness market is expected to register a CAGR of 8.37% during the forecast period and is expected to hit USD 104,190.23 million by 2027.


Corporate wellness is a program that is designed to support employees and their families that promotes a healthy workplace by incorporating various health activities within the daily workreduce to health risks, improve quality of life, and enhance productivity. According to the American Institute of Stress, the major cause for stress includes lack of job security, juggling work, people issues, and workload. The companies are investing in stress management training, organizational and individual stress management programs, providing stress relief opportunities, and promoting positive work-life balance.


The growth of the global corporate wellness market is expected to be driven by key factors such as increasing investment in mental health and stress management programs, rising adoption of wearable technologies & fitness activities, and increasing chronic diseases among corporate employees. However, the concerns about employee’s data breach act as a restraining factor for the market growth. On the other hand, focus on prioritizing employee health and wellbeing in emerging market provides lucrative opportunities for players operating in the global corporate wellness market.


Segment Analysis


The global corporate wellness market is mainly segmented into service, category, and end user. On the basis of service, the corporate wellness market has been sub-segmented into health risk assessment, fitness, smoking cessation, biometric screening, nutrition & weight management, stress management, alcohol & drug abuse services, and others. On the basis of category, the corporate wellness market has been segmented into fitness & nutrition consultants, psychological therapists, and organizations. Based on end user, the global corporate wellness market is segmented into small-scale organizations, medium-scale organizations, and large-scale organizations.


Access full report @ https://www.marketresearchfuture.com/reports/corporate-wellness-market-6963


Regional Analysis


The global corporate wellness market has been segmented on the basis of region into Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas market is further divided into the North America and Latin America with North America comprising of the US and Canada. The European corporate wellness market has been segmented into western Europe which is further sub-segmented into  Germany, France, the UK, Italy, Spain, and the rest of western Europe and Eastern Europe. The corporate wellness market in Asia-Pacific has been segmented into, Japan, China, India, Australia, South Korea, and the rest of Asia-Pacific. The Middle Eas & Africa wellness market includes the Middle East countries and African subcontinents.


In 2020, Americas led the corporate wellness market with a share of 47.05%, and this trend is expected to continue throughout the forecast period. This is due to the high awareness for mental health and work stress, increasing popularity of workplace wellness, high healthcare expenditure, and the presence of the leading players in the region. The European region also held a significant share of the corporate wellness market in 2020 due to factors like increasing awareness for mental well-being, high healthcare expenditure, increasing prevalence of chronic diseases, and increasing government initiatives in the region. Furthermore, increasing number of start-ups for corporate wellness such as Levell, BlueCall, Lifesum, The Holistic Concept, Timely App, Fika, Tomo, and Healthy Workers, further drives the growth of the market in this region.


Asia-Pacific is anticipated to register the highest growth rate over the forecast period from 2021 to 2027. This is due to factors such as the rapidly changing healthcare sector and presence of huge opportunities for the development of this market. Furthermore, owing to increasing awareness for mental health and other benefits offered by such services such managing health care costs, improving employee morale, recruitment, and retention, and increasing productivity, there has been an increasing adoption of the services among the organizations. The Middle East & Africa holds the least share of the global market owing to the presence of poor and slow developing countries, especially, in African region.


Key Findings of the Study



  • The global corporate wellness market is expected to reach USD 104,190.23 million by 2027 at a CAGR of 8.37% during the forecast period.

  • The Americas region accounted for the largest share of the global market, which is majorly attributed to the high awareness for mental health and work stress, increasing popularity of workplace wellness, and the presence of the leading players in the region.

  • Based on service, the heath risk assesment segment accounted for the largest market share of 1% in 2020.

  • Based on category, the organizations segment dominated the market with a share of 6% in 2020.

  • Based on end user, the large-scale organizations segment dominated the market with a share of 71.9% in 2020.


Some of the key players operating in the corporate wellness market are ComPsych Corporation (US), Wellness Corporate Solutions (US), Virgin Pulse (US), Privia Health (US), UnitedHealth Group (US), Quest Diagnostics (US), EXOS (US), Central Corpor