Global Corporate
Wellness Market, by Service (Health Risk Assessment, Fitness, Smoking
Cessation, Health Screening, Nutrition & Weight Management, Stress
Management, and Others), by End User (Small-scale Organizations, Medium-scale
Organizations, and Large-scale Organizations), and by Region (North America,
Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$
53,645.7 million in 2018, and is projected to exhibit a CAGR of 7.2% over the
forecast period (2019 – 2027), as highlighted in a new report published by
Coherent Market Insights.
Increasing initiatives by market
players and government authorities for employee wellness is expected to augment
the market growth
Key players and government
authorities are partnering for the launch of initiatives aimed at the employee
wellness. For instance, in January 2015, Sodexo, Inc., and the YMCA of Central
Florida in collaboration launched a healthier workforce initiative for the
wellness of individuals, families, and communities. The initiative is developed
to improve the traditional and mostly underutilized employee wellness programs
through a personal and system-based approach.
Moreover, key players are engaged
promoting their services in exhibitions and other shows, which is expected to
boost the market growth.
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For instance, in October 2016,
Central Wellness, a company offering wellness programs, participated in the
WKYC Health & Wellness Expo held at Cleveland Convention Center and interacted
with individuals for promoting its services.
Browse 29 Market Data Tables and
22 Figures spread through 128 Pages and in-depth TOC on ‘Corporate Wellness
Market’- Global Forecast to 2027 by Service (Health Risk Assessment, Fitness,
Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress
Management, and Others), by End User (Small-scale Organizations, Medium-scale
Organizations, and Large-scale Organizations), and by Region (North America,
Latin America, Europe, Asia Pacific, Middle East, and Africa)
Furthermore, rising stress and
depression conditions at the workplace and increasing prevalence of smoking,
obesity, and overweight is expected to drive the market growth. According to
the Annual Work Stress Survey carried by Harris Interactive on behalf of
Everest College, around 83% of employees in 2014 suffered from stress at work
in the North America. Similarly, 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 (aged 18 years and above) were
overweight, out of which over 650 million were obese.
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Report: https://www.coherentmarketinsights.com/market-insight/corporate-wellness-market-2062
Key Takeaways of the Global
Corporate Wellness Market:
The global corporate wellness
market is expected to exhibit a CAGR of 7.2% over the forecast period, owing to
increasing prevalence of diabetes, high blood pressure, and other. According to
the data published by Centers for Disease Control and Prevention (CDC), in
January 2018, the death rate due to high blood pressure increased by around 11%
in the U.S. between 2005 and 2015, and the number of deaths rose by around 38%
by the year 2015.
Among regions, North America held
a dominant position in the global corporate wellness market in 2018, 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.
Key players operating in the
global corporate wellness market include 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.,
and ConneXions Asia
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report: https://www.coherentmarketinsights.com/insight/buy-now/2062
About
Coherent Market Insights:
Coherent
Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar
opportunity.
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