Corporate Wellness Market Pegged for Robust Expansion by 2031

Corporate Wellness Market: Introduction

According to the report, the global corporate wellness market was valued at US$ 40.2 Bn in 2020 and is projected to expand at a CAGR of 8.2% from 2021 to 2028. Corporate wellness programs are designed to support employees in understanding their health risk and accepting healthy behavior at workplace and to reduce their health care expenditure.

Corporate wellness programs consist of health risk assessments, fitness, health screening, weight management, smoking cessation, and nutrition. These programs reduce the cost of hospitalization, emergency room visits, specialist visits, and surgeries. Moreover, corporate wellness programs result in decrease in absenteeism, increase in productivity, and improvement in quality of life of employees.

Request a PDF Sample -

https://www.transparencymarketresearch.com/sample/sample.php?flag=S...

Corporate or workplace wellness programs can be described as employer-funded services designed to promote and maintain good health of employees. The primary purpose of corporate wellness programs is to deliver positive return on investment, which is accomplished by reducing absenteeism and lowering health insurance premiums. The most important advantage is a healthier workforce that transforms into a healthier population.

Willingness of Employers to Invest in Wellness Programs

Most employers seek effective long-term strategies to address the rise in cost and support their broader consumer-base strategy to give their employees more responsibility for healthcare cost. Employers are utilizing wellness programs to improve employee lifestyle behavior and reduce incidence of chronic conditions. This is anticipated to help reduce employee healthcare cost and increase productivity. The U.S. companies that target just three major risk factors can save US$ 700 per employee each year in healthcare costs and improve productivity.

Request Brochure of Report -

https://www.transparencymarketresearch.com/sample/sample.php?flag=B...

Health Risk Assessment Segment to Dominate Corporate Wellness Market

In terms of service type, the global corporate wellness market has been classified into health risk assessment, fitness, smoking cessation, health screening, weight management, nutrition, and others (stress management, disease management, vaccination, etc.). The health risk assessment segment is expected to account for major share of the global market by 2028. The segment is likely to expand at a high CAGR during the forecast period.

Health risk assessment is a quick and simple way to provide employees feedback about their health and guiding them on how to improve it. Health risk assessments are evaluation of employees’ physical condition and assessing disease risks and overall level of health and fitness.

Request for Analysis of COVID-19 Impact on Corporate Wellness Market -

https://www.transparencymarketresearch.com/sample/sample.php?flag=c...

North America to Lead Global Corporate Wellness Market

In terms of region, the global corporate wellness market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market due to high awareness, significant wellness expenditure on the overall national employer healthcare budget, and higher penetration of corporate wellness service across the region. North America is projected to be a highly lucrative market during the forecast period, with a high attractiveness index.

Make an Enquiry before Buying -

https://www.transparencymarketresearch.com/sample/sample.php?flag=E...

Competition Landscape

Key players operating in the global corporate wellness market include EXOS, ProvantHealth (Hooper Holmes, Inc.), Wellness Corporate Solutions, ComPsych Corporation, Optum, Inc. (United Health Group), Sodexo, BupaWellness Pty Ltd. (BupaGroup), JLT Australia (RecovreGroup), Central Corporate Wellness, Truworth Wellness, CXA Group Pte. Limited, and SOL Wellness.

More Trending Reports by Transparency Market Research –

Fetal Monitoring Systems Market:

https://www.prnewswire.com/news-releases/innovation-in-wearable-dev...

Fish Collagen Peptides Market:

https://www.prnewswire.com/news-releases/global-fish-collagen-pepti...

About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information. Now avail flexible Research Subscriptions, and access Research multi-format through downloadable databooks, infographics, charts, interactive playbook for data visualization and full reports through MarketNgage, the unified market intelligence engine. Sign Up for a 7 day free trial!

Contact Us

Rohit Bhisey Transparency Market Research, 90 State Street, Suite 700, Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com/

Views: 2

Comment

You need to be a member of On Feet Nation to add comments!

Join On Feet Nation

© 2024   Created by PH the vintage.   Powered by

Badges  |  Report an Issue  |  Terms of Service