Global Corporate Wellness Market Overview:
Corporate wellness solutions refer to workplace health promotion activity designed to support healthy behavior in the workplace aiming at the improvement of employee well-being. It includes healthy eating promotion, stress management, exercise, and others. Market players are focusing on developing advanced corporate wellness solutions. For instance recently in 2018, Wellness Corporate Solutions launches an upgraded employee wellness portal named Well Connect Plus. In addition, increasing demand for corporate wellness solutions from medium-sized organizations, emerging countries, and growth in the private sector expected to drive the demand for corporate wellness solutions over the forecasted period. Some of the players profiled in the study are Compsych (United States), Wellness Corporate Solutions (United States), Optum, Inc. (United States), Virgin Pulse (United States), Quest Diagnostics (United States), EXOS (United States), Privia Health (United States), Central Corporate Wellness (Singapore), Sodexo (France), Vitality Group (Spain), Truworth Wellness (India) and Fitlinxx (United States). According to Market Analyst at AMA, the Global Corporate Wellness market may see a growth rate of 8.9%
On the basis of geography, the market of Corporate Wellness has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service , the sub-segment i.e. Health Risk Assessment will boost the Corporate Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Category , the sub-segment i.e. Fitness & Nutrition Consultants will boost the Corporate Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Small-scale Organizations will boost the Corporate Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Number of Employees in the Private Sector
- Rising Awareness Regarding Employee Health & Well-Being
- Increasing Demand for Corporate Wellness Solutions from Medium-Scale Organizations
- Emphasizing On Integration of Wearable Technology, Gamification Programs, and Mobile Applications in Corporate Wellness Solutions
- Emergence of onsite corporate wellness programs
- Low Adoption of Wellness Solution Program in Small Corporate Organizations
- Integration of corporate wellness programs with various systems
- Rising Demand for Corporate Wellness Solutions from Emerging Economies
- Growing Focus on Employee Retention
- Increasing Adoption of Wellness Programs in Organizations As It Reduces the Health Risks of Employees
- Low Participation Rate of Employees in Corporate Wellness Program in Emerging Countries
Key Market Developments:
27th November 2018, Virgin Pulse, an employee well-being solution provider acquires Simply Well Inc. (Viverae), a workplace wellness company in the United States. This acquisition will provide clients if Simply Well to expand their wellbeing programs with Virgin Pulse’s full-featured digital behavior change platform.
2018, Vitality Group, collaborated with seven health companies including Vida Health, Happify Health, Headspace, U.S. Preventive Medicine, Wellness Corporate Solutions, eHealth Screenings, and Zipongo.
Corporate Wellness Service Providers, Large Size Organizations, Medium Size Organizations, and Small Size Organizations, Market Research and Consulting Firms, Academic Institutions, Venture Capitalists and Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Corporate Wellness market on the basis of product  , application , key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Corporate Wellness market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Corporate Wellness industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are SOL Wellness (Hong Kong), Jardine Lloyd Thompson Group PLC (Australia) and ConneXions Asia (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Corporate Wellness market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.