New York, According to a new market research report published by Global Insight Services “Corporate Wellness Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Corporate wellness is a term used to describe programs and initiatives that are designed to promote the health and well-being of employees within a company. These programs can vary widely in scope and nature, but typically include educational components on topics such as nutrition, physical activity, stress management, and smoking cessation.
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Key Trends
There are a few key trends in corporate wellness technology. First, there is a trend toward mobile health applications. This means that more and more employees are using their smartphones and other mobile devices to track their health data, set goals, and stay motivated. There is also a trend toward wearable devices, such as fitness trackers. These devices can help employees track their activity levels, sleep, and other health metrics.
Additionally, there is a trend toward gamification, which uses game-like elements to encourage employees to be more active and engaged in their health. Finally, there is a trend toward social media integration. This means that corporate wellness programs are using social media platforms, such as Facebook and Twitter, to connect with employees and provide them with health information and motivation.
Key Drivers
The key drivers of the Corporate Wellness market are the increasing awareness of the importance of employee health and wellbeing, the rise in chronic health conditions, and the need to improve productivity and engagement.
The awareness of the importance of employee health and wellbeing has been increasing in recent years, as the costs of healthcare have risen and the prevalence of chronic health conditions has increased. This has led to a growing number of companies implementing Corporate Wellness programs in an effort to improve the health of their employees and improve productivity.
The rise in chronic health conditions is a major driver of the Corporate Wellness market. Chronic health conditions, such as obesity, diabetes, and heart disease, are on the rise, and they are costly to treat. In addition, chronic health conditions can lead to absenteeism and presenteeism, which can negatively impact productivity.
The need to improve productivity and engagement is another key driver of the Corporate Wellness market. Employee productivity and engagement are essential for company success, and wellness programs can help to improve both. In addition, wellness programs can help to reduce stress, which can also improve productivity.
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Market Segmentation
By Service
- Health Risk Assessment
- Fitness
- Smoking Cessation
- Others
By Category
- Fitness & Nutrition Consultants
- Psychological Therapists
- Organizations
Key Players
The key players in the corporate wellness market are ComPsych, Wellness Corporate Solutions, Virgin Pulse, ADURO, INC., EXOS, Marino Wellness, Privia Health, Vitality Group, Wellsource, Inc., and Central Corporate Wellness.
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Reasons to buy Corporate Wellness Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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