Corporate Wellness Market Size to Grow USD 73640 Million by 2029 at a CAGR of 5.5% | Valuates Reports
BANGALORE, India, Dec. 7, 2023 /PRNewswire/ -- Corporate Wellness Market is Segmented by Type (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management), by Application (Large Enterprise, Small and Medium Enterprise): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Software.
The Corporate Wellness Market is projected to grow from USD 53410 Million in 2023 to USD 73640 Million by 2029, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.
Claim Your Free Sample Now:
https://reports.valuates.com/request/sample/QYRE-Auto-0B6365/Global_Corporate_Wellness_Market
Major Factors Driving the Growth of the Corporate Wellness Market:
The Corporate Wellness Market is enjoying substantial expansion driven by a confluence of factors. Employers, understanding the crucial importance of employee well-being in corporate performance, are increasingly investing in comprehensive wellness programs. Corporate wellness programs are becoming more and more popular as a result of the growth in health problems linked to lifestyle choices and the increased emphasis on preventative healthcare. Employers are developing specialized programs that address both physical and mental health by utilizing data analytics, virtual solutions, and technological advancements.
Cost containment initiatives, regulatory assistance, and incentives further contribute to market growth, encouraging organizations to consider employee health as a strategic investment. The cultural trend towards building a healthy workplace, along with the necessity to boost employee engagement and retention, is transforming the corporate wellness landscape across geographies.
Own It Today – Buy Now!
https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-0B6365&lic=single-user
TRENDS INFLUENCING THE GROWTH OF THE CORPORATE WELLNESS MARKET
A growing emphasis on employee well-being is driving substantial development in the corporate wellness market. Companies are releasing more and more how important it is to support a healthy workplace culture in order to increase output, lower absenteeism, and draw in top talent. Programmes for corporate wellness target both mental and physical health, fostering a comprehensive approach to worker well-being that is essential in today's cutthroat business environment. The popularity of lifestyle-related health problems including stress and sedentary behavior is fueling the growth of corporate wellness initiatives. By encouraging staff members to lead healthier lifestyles, these programs seek to prevent and manage health conditions. As worries about employee health mount, firms are investing in wellness programs to proactively address issues connected to sedentary work habits, poor diet, and stress-related disorders.
Wellness initiatives are being used by businesses more and more as a way to control costs. By investing in employee health, firms attempt to lower healthcare expenses connected with chronic illnesses and lifestyle-related ailments. Corporate wellness programs that emphasize early detection and preventive care can save money in the long run, so businesses trying to control healthcare costs should consider investing in them.
The move towards remote employment has fuelled the need for virtual wellness programs. As more companies see how important it is to assist their remote workers' well-being, online fitness courses, mental health resources, and virtual coaching services are emerging. One important reason propelling the expansion of corporate health solutions is this flexibility in response to the evolving nature of the workplace. Mental health has gained relevance in corporate wellness efforts, reflecting the increased knowledge of the influence of stress and mental well-being on total productivity. Companies are implementing stress management programs, counseling services, and mindfulness exercises into their wellness offerings to meet the mental health requirements of employees and promote a supportive workplace culture.
Government incentives and regulatory assistance play a part in the corporate wellness market's expansion. Governments in some areas offer tax breaks or financial aid to businesses that run wellness initiatives. This assistance promotes a corporate responsibility culture and aligns businesses with larger public health goals by encouraging them to invest in employee well-being.
Programs for corporate wellness are essential for retaining and engaging employees. Businesses that provide all-inclusive wellness programs demonstrate their dedication to their workers' general well-being and promote a good work environment. Consequently, this improves worker happiness and loyalty, lowers attrition rates, and advances the general prosperity of the business.
Unlock Insights: View Full Report Now!
https://reports.valuates.com/market-reports/QYRE-Auto-0B6365/global-corporate-wellness
CORPORATE WELLNESS MARKET SHARE ANALYSIS
North America's corporate wellness market is expanding significantly due to increased attention to employee well-being, healthcare cost management, and technology improvements. Particularly in the United States, there is a developed corporate wellness market with a high rate of program uptake. The market is expanding as a result of employers in this area realizing the value of comprehensive employee wellness.
Purchase Chapters:
https://reports.valuates.com/market-reports/QYRE-Auto-0B6365/global-corporate-wellness/1
Key Players:
- EXOS
- ProvantHealth
- Wellness Corporate Solutions
- ComPsych Corporation
- Optum
- Central Corporate Wellness
- TruworthWellness
- CXA Group
- SOL Wellness
Purchase Regional Data:
https://reports.valuates.com/market-reports/QYRE-Auto-0B6365/global-corporate-wellness/6
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Corporate Wellness Programs Market
- Corporate Wellness Management Market
- Corporate Wellness Tool Market
- Enterprise Health Management Services Market
- Employee Wellness Platform Market
- Digital Therapeutics and Wellness Market
- Corporate Wellness Software market is projected to reach USD 1946.1 million in 2029, increasing from USD 1163 million in 2022, with a CAGR of 7.6% during the period of 2023 to 2029.
- Corporate Wellness Platforms Market
- Corporate Wellness Services Market
- Corporate Wellness Consulting Provider Market
- Work Stress Management Market
- The global digital therapeutics market size was valued at USD 2.88 Billion in 2019 and is expected to reach USD 13.80 Billion by 2027 with a CAGR of 20.5% during the forecast period.
- CBD for Health and Wellness market is projected to reach USD 8954.1 million in 2029, increasing from USD 6450 million in 2022, with the CAGR of 4.9% during the period of 2023 to 2029.
- AI In Financial Wellness Market
- Healthcare and Wellness market is projected to reach USD 8419.1 million in 2029, increasing from USD 5243 million in 2022, with the CAGR of 7.0% during the period of 2023 to 2029.
- The global fitness app market size was valued at USD 13.78 billion in 2020 and is projected to reach USD 120.37 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 24.3% from 2021 to 2030.
- The sexual wellness market size was valued at USD 74,770.0 Million in 2019, and is estimated to reach USD 108,320.0 Million by 2027, registering a CAGR of 4.62%.
- Predictive Genetic Testing And Consumer & Wellness Genomics Market
- The global personalized nutrition market was valued at USD 14612.1 million in 2021 and is projected to reach USD 37286.9 million by 2030, growing at a CAGR of 11.48% from 2022 to 2030.
- Financial Wellness Program market was valued at USD 1977.8 million in 2022 and is anticipated to reach USD 3409.3 million by 2029, witnessing a CAGR of 9.5% during the forecast period 2023-2029.
- Supplement Subscription Boxes Market
DISCOVER OUR VISION: VISIT ABOUT US!
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.
YOUR FEEDBACK MATTERS: REACH OUT TO US!
Valuates Reports
sales@valuates.com
For U.S. Toll-Free Call 1-(315)-215-3225
WhatsApp: +91-9945648335
Website: https://reports.valuates.com
Blog: https://valuatestrends.blogspot.com/
Pinterest: https://in.pinterest.com/valuatesreports/
Twitter: https://twitter.com/valuatesreports
Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg
Share this article