The workplace wellness market refers to the industry that offers various wellness services and programs to employees in order to promote their health, wellbeing, and productivity. This market includes a variety of services such as fitness programs, nutrition counseling, stress management, mental health support, smoking cessation programs, and other wellness-related activities.The demand for workplace wellness programs has been growing in recent years as employers recognize the benefits of investing in the health and wellbeing of their employees. These benefits include increased productivity, reduced absenteeism, improved employee retention, and lower healthcare costs.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/6300
The global workplace wellness market size was valued at $49.81 billion in 2019, and is projected to reach $66.20 billion by 2027, registering a CAGR of 5.9% from 2020 to 2027. The increasing focus on employee health and wellbeing, coupled with rising healthcare costs and the need to increase employee productivity, are the key factors driving the growth of this market.
The workplace wellness market is comprised of a range of providers, including large healthcare companies, specialized wellness vendors, and technology companies offering wellness-related software and tools. The market is highly competitive, with companies seeking to differentiate themselves by offering innovative and comprehensive wellness solutions.
One key trend in the workplace wellness market is the use of technology to enhance wellness programs. This includes the use of wearable devices, mobile apps, and online platforms to track and monitor employee health and wellness activities. Another trend is the focus on mental health and stress management, as employers recognize the impact of mental health on employee wellbeing and productivity.
Overall, the workplace wellness market is expected to continue to grow in the coming years, as employers increasingly prioritize the health and wellbeing of their workforce.
The market is highly fragmented, with a large number of small and medium-sized companies offering a range of wellness products and services. Some of the major players in the market include Fitbit, Novant Health, EXOS, Virgin Pulse, Vitality Health, ComPsych, HealthifyMe, MDVIP, Marino Wellness, WorkStride. Some of the others players considered are FitLinxx.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬, 𝐫𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬 𝐚𝐧𝐝 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬-
Rise in incidence of chronic diseases, and increase in awareness and implementation of wellness programs by employers are the prime factors fueling the growth of the global workplace wellness market. On the other hand, huge costs levied to the respective companies curb the growth to some extent. Nevertheless, untapped developing economies are expected to create a plethora of opportunities in the near future.
𝐓𝐡𝐞 𝐡𝐞𝐚𝐥𝐭𝐡 𝐬𝐜𝐫𝐞𝐞𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐚𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐥𝐞𝐚𝐝 𝐭𝐡𝐞 𝐭𝐫𝐚𝐢𝐥 𝐛𝐲 𝟐𝟎𝟐𝟔-
The health screening and assessment segment, contributed to more than one-fourth of the global workplace wellness market share in 2018, and is expected to dominate throughout the forecast period. This is attributed to the fact that most of the companies are focusing toward health screening and assessment programs. On the other hand, the weight management and fitness services segment would showcase the fastest CAGR of 7.4% during 2019-2026. This is due to increase in incidence of obesity across the globe.
𝐓𝐡𝐞 𝐥𝐚𝐫𝐠𝐞-𝐬𝐢𝐳𝐞 𝐜𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐝𝐨𝐦𝐢𝐧𝐚𝐭𝐞 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐞𝐬𝐭𝐢𝐦𝐚𝐭𝐞𝐝 𝐩𝐞𝐫𝐢𝐨𝐝-
The large-size companies segment accounted for more than one-fourth of the global workplace wellness market revenue in 2018, and is projected to lead the trail by the end of 2026. The fact that large size companies have more budget to spend on workplace wellness programs has boosted the segment growth. Simultaneously, the mid-size companies’ segment is anticipated to register the fastest CAGR of 7.0% during the study period. Increased adoption of wellness programs by mid-size companies has driven the growth.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬,𝐅𝐢𝐠𝐮𝐫𝐞𝐬) https://www.alliedmarketresearch.com/checkout-final/f0cbb7784016bbb2cbac9b40453afc97
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐫𝐮𝐥𝐞 𝐭𝐡𝐞 𝐫𝐨𝐨𝐬𝐭-
North America held the major share in 2018, generating nearly two-fifths of the global workplace wellness market, owing to the presence of major workplace wellness service providers and better healthcare and medical infrastructure in the region. The same region would also cite the fastest CAGR of 6.5% till 2026.
𝐖𝐨𝐫𝐤𝐩𝐥𝐚𝐜𝐞 𝐖𝐞𝐥𝐥𝐧𝐞𝐬𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
ComPsychHealthifyMe
Privia Health
Wellsource
FitLinxx
Truworth Wellness
Wellness Workplace Solutions
Central Workplace Wellness
Marino Wellness
𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: https://www.alliedmarketresearch.com/purchase-enquiry/6300
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