Corporate
wellness are programs that are conducted in corporate offices
to keep the employees healthy and happy, both physically and
mentally. Currently, corporate wellness programs are largely adopted
by employers to promote employee health, to reduce health related
costs, and to increase the productivity and quality of work.
Corporate wellness programs vary in services and activities, some
common programs which are largely adopted by employers include
smoking cessation program to help employees to quit habit of smoking,
nutrition and weight management program to help employees to manage
their weight and nutrition, stress management program to reduce
stress from employees’ life, and fitness programs to keep employees
fit and active.
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Corporate
Wellness Market Drivers:
High
prevalence of smoking, obesity, and overweight is expected to be a
major factor which will create demand for corporate wellness
programs. Therefore employers are adopting corporate wellness
programs in order to make their employees’ healthy, reduce health
care costs, and to increase employee’s productivity. For instance,
according to the data published by Center for Disease Control and
Prevention (CDC), in 2016, around 15.5% of the U.S. adults smoke
cigarettes, which is around 37.8 million adults in the U.S. According
to World Health Organization’s data published in February 2018,
since 1975 obesity has nearly tripled globally, and it was estimated
that in 2016, globally, 39% of adults aged 18 years and above were
overweight and around 13% were obese. Furthermore, according to the
same source, in 2016, over 1.9 billion adults (18 years and older)
were overweight out of which over 650 million were obese.
Corporate
Wellness Market Regional Analysis:
North
America corporate wellness market is expected to hold a dominant
position in the global corporate wellness market over the forecast
period, owing to increasing adoption of corporate wellness programs
by corporate offices and rising health awareness among the population
for living a healthy and stress free life.
Asia
Pacific corporate wellness market growth is expected to exhibit high
growth over the forecast period, due to increasing demand for
corporate wellness program from countries such as Japan and China,
where there is a rise in lifestyle diseases such as diabetes and
blood pressure. For instance, according to a survey done in Japan by
Health Ministry in 2016, around 10 million adults in Japan were
suspected to be diabetic.
Corporate
Wellness Market Key Players:
Key
players operating in the global corporate wellness market include
EXOS, Hooper Holmes, Inc., Wellness Corporate Solutions, ComPsych
Corporation, United Health Group, Sodexo, BupaWellness Pty Ltd.,
Recovre Group, Central Corporate Wellness, Truworth Wellness, CXA
Group Pte. Limited, SOL Wellness, ComPsych Corporation, Virgin Pulse,
Inc., Interactive Health, Inc., FitLinxx, Inc., and ConneXions Asia
Corporate
Wellness Market Taxonomy:
The
global corporate wellness market is segmented on the basis of service
type, end user, and region.
•
By Service Type:
-
Smoking Cessation
-
Nutrition and Weight Management
-
Stress Management
-
Fitness
-
Health Risk Assessment
-
Health Screening
-
Others
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