Corporate Wellness Market 2022 Emerging Growth & Dynamic Forecast by 2030
- jigar dave
- Jan 11, 2023
- 2 min read
The Corporate Wellness Market was valued at USD 52.40 Billion in 2021, registering a CAGR of 7.2% during the forecast period (2022-2030), the market is projected to be worth USD 97.97 Billion by 2030.
Corporate wellness is a program or initiative that companies implement to promote health and wellbeing among their employees. These programs can include things like on-site fitness classes, health screenings, smoking cessation support, nutrition education, and more.
The goal of corporate wellness programs is to improve the overall health and productivity of employees, which can in turn lead to reduced healthcare costs for the company, as well as lower absenteeism and higher morale.
The market is projected to grow at a significant pace reaching a CAGR of approximately 7.2%, over the forecast period of 2022–2030, despite a considerable fall in product sales during the initial phase of pandemic spread and lockdown restrictions imposed globally.
Segment:
By Service
· Health Risk Assessment
· Fitness, Smoking Cessation
· Health Screening, Nutrition & Weight Management
· Stress Management
· Others
By Category
· Fitness & Nutrition Consultants
· Psychological Therapists
· Organizations/Employers
By Delivery Model
· Onsite
· Offsite
By End-use
· Small Scale
· Medium Scale
· Large Scale
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By Region
North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe)
Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific)
Latin America- (Brazil, Argentina, Chile, Rest of Latin America)
The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA)
Some of the key players in the corporate wellness market include Corporate Fitness Works, Cigna, Wellness Corporate Solutions, Virgin Pulse, and Optum.
The corporate wellness market Trends is expected to continue growing in the coming years, driven by an increasing focus on employee health and wellness and the potential cost savings for companies.
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