What is Workplace Wellness?
As the world of work progresses, one of the signs of a top-notch employer will be the quality of their workplace wellness program in recruiting and retaining talent. Big or small, all businesses can benefit from some form of a wellness initiative at work. Workplace wellness programs concentrate on fitness, weight loss, and other fairly soft wellness targets. Certainly, fitness and weight management are important, but standing alone, they will not bend the cost curve very much. Many employers do provide blood tests and encourage their employees to talk to their doctors about the results, however, most doctors are not trained in preventing or reversing disease, so their best advice is usually how to manage a disease with medication. The demand for workplace wellness is booming in the market due to healthy employees are more productive and have fewer accidents due to not being overweight, tired, out of shape, stressed or lacking sleep, and many more.
The market study is broken down by Type (Onsite and Offsite) and major geographies with country level break-up.
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Workplace Wellness market throughout the predicted period.
Fitbit (United States), Novant Health(United States), EXOS(United States), Vitality Health (United Kingdom), ComPsych(United States), HealthifyMe (India), MDVIP(United States), Marino Wellness(United States), WorkStride(United States) and FitLinxx(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Truworth Wellness(United States), Privia Health(United States) and Wellsource (United States).
AdvanceMarketAnalytics has segmented the market of Global Workplace Wellness market by Type, Application and Region.
On the basis of geography, the market of Workplace 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 Organization Size, the sub-segment i.e. Small Scale will boost the Workplace 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 Workplace Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Health Risk Assessment will boost the Workplace Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In June 2020 GreenLattey Indian-based organization dispatched TwelveWeek Challenge – An application for corporates to remain at home, remain safe, and remain sound. - world's first accomplishment store dispatched 360-degree wellbeing action for corporate individuals. This is to help individuals remain at home, remain safe, and remain solid. Taking care of the general issue of remaining gainful and sound at their workstations by not passing up day by day practice whenever of the day, in the current pandemic. It has dispatched another portable application that helps corporates remain arranged and inspired by another exercise each day from their home or office inside the workspace., and In December 2020 Mindhouse Mental health's new business reported the dispatch of Wellness Labs – a community oriented learning stage for senior HR experts zeroed in on progressing workplaces during and post the pandemic.
- The emergence and adoption of the Wearable Fitness Devices
- The growing prevalence and early onset of chronic diseases
- Regulations for Wellness Programs
- The growing adoption of the screening and assessment programs by the organization worldwide
- Lack of awareness regarding Workplace Wellness
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Workplace Wellness Providers, Government Regulatory and Research Organizations and End-Use Industry
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
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.
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