βWorkplace Wellness Market by Type (Weight Management & Fitness Services, Smoking Cessation Nutrition and Dietary Plan, Stress Management Services, and Health Screening), End User (Small-Size Private Organizations, Mid-Size Private Organizations, Large-Size Private Organizations, Public Sector, and Non-Governmental Organizations): Global Opportunity Analysis and Industry Forecast, 2019β2026.β According to the report, the global workplace wellness industry was estimated at $46.08 billion in 2018 and is expected to hit $74.00 billion by 2026, registering a CAGR of 6.1% from 2019 to 2026.
Workplace wellness programs are a harmonized set of health promotion strategies that are executed at worksites and include programs, policies, and certain benefits to the community designed to encourage health and safety of employees.
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Covid-19 scenario-
The downscaling of the employees in many organizations has immensely impacted the workplace wellness market growth negatively.
On the other hand, the trend of remote working system has further affected the market, thereby declining the demand for workplace wellness programs.
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The global workplace/corporate wellness market is categorized on the basis of type, end user, and region.
Based on type, the market is divided into weight management & fitness services, nutrition & dietary plan, stress management services, health screening & assessment, and smoking cessation. The health screening and assessment segment held largest market share, contributing to more than one-fourth of the global workplace wellness market share in 2019, and is expected to dominate throughout the forecast period. At the same time, the stress management services segment would showcase the fastest CAGR of 6.6% during the forecast period.
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Based on end-user, the market is segmented on the basis of large organizations, mid-size private organizations, small-size private organizations, public sector, and NGO. The large organization segment accounted for more than two-fifths of the global corporate wellness market revenue in 2019, and is projected to lead the trail by the end of 2027. In addition, the same segment is anticipated to manifest the fastest CAGR of 6.3% during the forecast period.
Based on geography, the market is analyzed across Asia-Pacific, Europe, LAMEA, and North America. The North America region held the highest share in 2019, accounting for more than one-third of the global market. At the same time, the market across LAMEA region is anticipated to portray the fastest CAGR of 7.3% in between 2020 to 2027.
The report also provides major key market players such as Fitbit, Novant Health, EXOS, Virgin Pulse, Vitality Health, ComPsych, HealthifyMe, MDVIP, Marino Wellness, WorkStride.
Key Findings Of The Study:
The study provides an in-depth analysis of the global workplace wellness market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers workplace wellness market analysis from 2020 to 2027, which is expected to enable stakeholders to capitalize on prevailing opportunities in the market.
A comprehensive analysis on region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of key players are thoroughly analyzed to understand the competitive outlook of the global workplace wellness market growth.
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