The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s corporate wellness market report forecasts the corporate wellness market size to grow to $87.94 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Corporate Wellness Market Report 2023 – https://www.thebusinessresearchcompany.com/report/corporate-wellness-global-market-report

Corporate Wellness Market Size Forecast
The global corporate wellness market is expected to grow from $60.64 billion in 2022 to $65.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global corporate wellness market size is expected to reach $87.94 billion in 2027 at a CAGR of 7.8%.

North America held the largest corporate wellness market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Corporate Wellness Market Driver ­– Rise In The Prevalence Of Chronic Illnesses Among Corporate Workers
According to the Bureau of Labour Statistics, a US-based intergovernmental organisation, the number of respiratory disease cases recorded by employers grew by about 4,000% in November 2021, from 10,800 in 2019 to 428,700 in 2020. Respiratory disease rates increased from 1.1 cases per 10,000 full-time equivalent workers in 2019 to 44.0 cases per 10,000 full-time equivalent workers in 2020. As a result, the increased prevalence of chronic illnesses among corporate personnel is propelling the corporate wellness market forward.

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Key Corporate Wellness Market Trend – Technological Advancement
Major corporations in the corporate wellness sector are focusing on developing technical solutions to boost their market position. For example, Virgin Pulse, a US-based firm that provides employee well-being solutions, unveiled VP Activate in September 2022, a more advanced intelligent communication tool that allows corporations and health systems to reach out to their audiences more rapidly and proactively. VP Activate is a data-driven, multi-channel communication solution that identifies and connects people at danger of falling through the cracks in care, as well as calculates the best way to contact with key groups to encourage action. It evaluates each person’s needs, identifies barriers to filling care gaps and participating in other health activities, and then utilises a surround-sound method to get positive results through both.

Corporate Wellness Market Segment
1) By Service: Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition And Weight Management, Stress Management, Other Services
2) By Delivery Model: Onsite, Offsite
3) By Category: Fitness And Nutrition Consultants, Psychological Therapists, Organizations Or Employers
4) By End User: Private Sector, Public Sector, Other End Users

Corporate Wellness Market Major Players and Strategies
Major players in the corporate wellness market are ComPsych Corporation, Wellness Corporate Solutions LLC, Virgin Pulse, Provant Health Solutions LLC, Exos, Marino Wellness, Privia Health, Vitality Group International Inc., Wellsource Inc., Central Corporate Wellness, Truworth Wellness, SOL Wellness LLC, Well Nation, Aduro Inc., Beacon Health Options Inc., and Fitbit Inc.

Telus Corporation, a Canadian corporation that provides employee well-being solutions, telecommunications, and other services, will buy LifeWorks Inc. for roughly $1.69 billion in September 2022. TELUS Health’s global reach has extended as a result of the acquisition; it now serves corporate clients in more than 160 countries and covers 50 million individuals worldwide. LifeWorks Inc. is a Canadian company that provides employee wellness, human resources, and technology.

The Corporate Wellness Global Market Report 2023 covers regional data on corporate wellness market size, corporate wellness market trends and drivers, opportunities, strategies, and corporate wellness market competitor analysis. The countries covered in the corporate wellness market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Corporate wellness, often known as workplace wellness, is a broad word covering activities, policies, and organisational rules aimed at encouraging beneficial behaviour at work. It is a structured, employer-funded programme designed to help employees adopt and sustain practises that reduce health hazards, improve quality of life, increase productivity, and benefit an organization’s bottom line.

View More Reports Related To The Corporate Wellness Market –
Corporate Employee Transportation Service Global Market Report 2023
Wellness Supplement Global Market Report 2023
Wellness Tourism Global Market Report 2023

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