The Corporate Wellness Software Market was valued at USD 409.50 Million in 2022 and is projected to reach USD 714.31 Million by 2030, growing at a CAGR of 7.47% from 2022 to 2030.
The Global Corporate Wellness Software Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030. The market growth is supported by various growth factors and major market determinants. The market research report includes the analysis of the market based on geographical segmentation and market segmentation. The Global Corporate Wellness Software Market report is a valuable source of insightful statistics for business strategists. This Report offers an industry overview with historic and future cost and growth analysis, revenue, demand, and supply data. Our analyst offers a comprehensive overview of the value chain and analysis of your distributor. This market study provides comprehensive data that enhances the understanding, scope, and application of this report.
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One of the company’s major priorities now is the wellbeing of its employees. Growing insights, data, and technology in the wellness sector motivate employees to maintain their health and influence the direction of workplace wellness initiatives. Therefore, one of the major factors fueling the market development during the forecast period is the rising adoption of employee wellness programmes across companies. The global increase in the prevalence of chronic diseases is also promoting the market development for enterprise health software. Employers are concentrating on creating wellness programmes that target and treat chronic conditions in an effort to cut costs.
Employee opposition to these programmes, however, often stems from a variety of factors, including private concerns, scepticism about the programmes’ value, and lack of faith in the employer’s capacity to manage them successfully. These issues are delaying the uptake of workplace wellness software, which is predicted to impede the market’s overall expansion.
Top Leading Companies of Global Corporate Wellness Software Market are MediKeeper, Wellness Layers, Alyfe Wellbeing Strategies, BSDI, Ceridian Lifeworks, Corporate Health Partners, Infinite Wellness Solutions, Sprout, Burner Fitness, Virgin Pulse, Rival Health, Protocol Driven Healthcare, Inc (PDHI), Privia Health Group, Inc. and Others, and others., and others.
Report Segments are:
On the Basis of Type:
- On-premise
- Cloud-based
On the Basis of Application:
- SMEs
- Large Enterprises
Industry Development:
- In November 2021, Virgin Pulse announced the acquisition of Welltok. After Welltok’s acquisition, its activation engine and Virgin Pulse’s daily involvement platform will help the firms’ combined 4,100 worldwide employer, health plan, and health system clients achieve improved health outcomes and lower costs. Integrating Welltok’ customization and analytics abilities into Homebase for Health will provide clients and their respective demographics with substantially more value.
- In October 2021, Privia Health Group, Inc., a physician integration company announced that it has expanded its presence in Texas in collaboration with Abilene Diagnostic Clinic, a self-governing, multi-specialty group practice with more than 30 providers and five care center locations. Privia Health Group, Inc. has expanded its footprint in Texas by partnering with Abilene Diagnostic Clinic.
Global Corporate Wellness Software Market: Regional Analysis
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The largest portion of the worldwide corporate wellness software market is in North America. The growing knowledge of employee fitness is what is driving the market for employee wellness software. Additionally, the rising incidence of chronic illnesses, mental health issues, and substance abuse, particularly in conjunction with the region’s opioid epidemic, may be to blame for the rising demand for corporate wellness software among workers.
The enterprise health software market in Asia Pacific is being driven by significant factors like rising health consciousness, rising smartphone usage, and rising fitness app penetration. During the COVID-19 pandemic, the area also noticed a marked rise in the downloads of fitness apps. According to a WHO report, by 2020, there will be a 78% rise in the number of people using fitness and wellness apps. Additionally, the demand for business wellness software increases along with the labour force in emerging economies.
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Years considered for this report:
Historical Years: 2017-2021
Base Year: 2022
Estimated Year: 2022
Forecast Period: 2023-2030
Important Sections from the Table of Contents:
- Global Corporate Wellness Software Market Overview
- Economic Impact on Industry
- Market Competition by Manufacturers
- Production, Revenue (Value) by Region
- Supply (Production), Consumption, Export, Import by Regions
- Production, Revenue (Value), Price Trend by Type
- Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Corporate Wellness Software Market Forecast
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