Corporate wellness programs are a consistent set of health upgrade plans that are performed at worksite in the form of programs, policies, and certain benefits to the employees, these programs and policies are also designed for encouraging health and safety of employees. Wellness program approaches various policies that helps to address numerous risk factors and health conditions as well as plan various tactics that influences various organization levels. Wellness program influences individual employee behavior change, organizational culture and worksite environment. Many organizations have initiated the execution of wellness programs for reducing employee healthcare related costs and improving business profits. Whereas, various employers have collaborated with gyms and sports centers as wellness program, also provides various discounts and membership benefits to the employees. Corporate wellness program is now considered as an essential part that combines individual and organizational level strategies for influencing health.
Corporate Wellness Market: Key Players
The research study includes profiles of leading companies operating in the global corporate wellness market. Key players profiled in the report include: EXOS, Central Workplace Wellness, Wellsource, ComPsych, Truworth Wellness, FitLinxx, Privia Health, Wellness Workplace Solutions, HealthifyMe and Marino Wellness.
Drivers for the Global Corporate Wellness Market:
Rising health related problems like stress, obesity, smoking, poor eating, and lack of exercise which will help to improve employee’s productivity is one of the major factor that is driving the growth of the global corporate wellness market. Along with this, increase in incidence of chronic diseases and adoption of sedentary lifestyle are another factors that are driving the growth of the global corporate wellness market. Moreover, economic benefits offered by these programs and increasing awareness and adoption of corporate wellness programs also enhance the growth of the market.
Opportunities for the Global Corporate Wellness Market:
Rise in concentration of public and private sector toward the improvement in health of their employees is one of the major factor that will drive the growth of the global corporate wellness market in the forecast period. Along with this, increase in awareness among the employees on the importance of creating healthy habits is another factor that will also enhance the growth of the global corporate wellness market in the forecast period. Moreover, the global corporate wellness market will also show considerable growth over the forthcoming years from the fitness, weight management and nutrition consultants’ segment.
Restrains for the Global Corporate Wellness Market:
High cost that is associated with the public or private companies for adopting corporate wellness plans is one of the major factor that is hampering the growth of the global corporate wellness market. Along with this, slow adoption of wellness programs and policies in many public and private companies is another factor that is also hampering the growth of the global corporate wellness market.
Region Wise, Global Corporate Wellness Market Analysis:
On the basis of region, the AIOps market is segmented into North America, South America, Europe, Asia Pacific, and the Middle East and Africa. North America held the largest share in the market because of better healthcare and medical infrastructure, the presence of major corporate wellness service providers and rise in incidence of cancer and chronic diseases. Asia Pacific region is also having maximum share in the global corporate wellness market which is followed by the European countries.
Global Corporate Wellness Market: Product analysis
- Weight Management & Fitness Services
- Smoking Cessation Nutrition and Dietary Plan
- Stress Management Services
- Health Screening
Global Corporate Wellness Market: Application analysis
- Small or Mid-Size Private Organizations
- Large-Size Private Organizations
- Public Sector
- Non-Governmental Organizations
Global Corporate Wellness Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East
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