Corporate Wellness Market Expansion to be Persistent During 2026
Corporate
wellness are programs that are conducted in corporate offices
to keep the employees healthy and happy, both physically and
mentally. Currently, corporate wellness programs are largely adopted
by employers to promote employee health, to reduce health related
costs, and to increase the productivity and quality of work.
Corporate wellness programs vary in services and activities, some
common programs which are largely adopted by employers include
smoking cessation program to help employees to quit habit of smoking,
nutrition and weight management program to help employees to manage
their weight and nutrition, stress management program to reduce
stress from employees’ life, and fitness programs to keep employees
fit and active.
Corporate
Wellness Market Drivers
High prevalence of
smoking, obesity, and overweight is expected to be a major factor
which will create demand for corporate wellness programs. Therefore
employers are adopting corporate wellness programs in order to make
their employees’ healthy, reduce health care costs, and to increase
employee’s productivity. For instance, according to the data
published by Center for Disease Control and Prevention (CDC), in
2016, around 15.5% of the U.S. adults smoke cigarettes, which is
around 37.8 million adults in the U.S. According to World Health
Organization’s data published in February 2018, since 1975 obesity
has nearly tripled globally, and it was estimated that in 2016,
globally, 39% of adults aged 18 years and above were overweight and
around 13% were obese. Furthermore, according to the same source, in
2016, over 1.9 billion adults (18 years and older) were overweight
out of which over 650 million were obese.
In corporate
offices, an employee works around 9 hours, and during this time
period most employees sit continuously and are physically inactive
during working hours. Hence, such physical inactivity can lead to
rise in prevalence of lifestyle diseases such as diabetes, blood
pressure, and others. Hence, increasing prevalence of such lifestyle
diseases can increase demand for corporate wellness programs by
employers to reduce absenteeism, increase work productivity, and to
improve employee morale. For instance, according to the data
published by Center for Disease Control and Prevention (CDC) in 2017,
in the U.S. 30.2 million adults aged 18 years or older (12.2% of all
the U.S. adults) were suffering from diabetes in which type 2
diabetes accounted for 90% to 95% of all diabetes cases. According to
the data published by Center for Disease Control and Prevention (CDC)
in January 2018, the death rate from high blood pressure increased by
nearly 11% in the U.S. between 2005 and 2015, and the actual number
of deaths rose by almost 38% up to nearly 79,000 by 2015.
Corporate
Wellness Market Regional Analysis
North America
corporate wellness market is expected to hold a dominant position in
the global corporate wellness market over the forecast period, owing
to increasing adoption of corporate wellness programs by corporate
offices and rising health awareness among the population for living a
healthy and stress free life.
Asia Pacific
corporate wellness market growth is expected to exhibit high growth
over the forecast period, due to increasing demand for corporate
wellness program from countries such as Japan and China, where there
is a rise in lifestyle diseases such as diabetes and blood pressure.
For instance, according to a survey done in Japan by Health Ministry
in 2016, around 10 million adults in Japan were suspected to be
diabetic.
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Corporate
Wellness Market Restraint
Low adoption rate of
corporate wellness by small scale corporate offices and new startups
in emerging economies such as India and Africa is expected to be a
major factor which will hinder and restrain the global corporate
wellness market growth. Furthermore, low participation of employees
in corporate wellness programs is also expected to hamper the global
corporate wellness market growth.
Corporate
Wellness Market Key Players
Key players
operating in the global corporate wellness market include EXOS,
Hooper Holmes, Inc., Wellness Corporate Solutions, ComPsych
Corporation, United Health Group, Sodexo, BupaWellness Pty Ltd.,
Recovre Group, Central Corporate Wellness, Truworth Wellness, CXA
Group Pte. Limited, SOL Wellness, ComPsych Corporation, Virgin Pulse,
Inc., Interactive Health, Inc., FitLinxx, Inc., and ConneXions Asia
Corporate
Wellness Market Taxonomy
The global corporate
wellness market is segmented on the basis of service type, end user,
and region.
By Service Type
Smoking
Cessation
Nutrition and
Weight Management
Stress
Management
Fitness
Health Risk
Assessment
Health Screening
Others
By End User
Large-scale
Organizations
Medium-scale
Organizations
Small-scale
Organizations
By Region
North America
Latin America
Europe
Asia Pacific
Middle East
Africa
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