Corporate Wellness Global Business Report 2024

Corporate wellness market

DUBLIN, April 17, 2024 (Globe Newswire) — ‘Corporate Wellness – Global Strategic Business Report’ report added ResearchAndMarkets.com Recruitment.

Global corporate wellness market expected to reach $117.9 billion by 2030

The global corporate wellness market, estimated at USD 75.6 billion in 2023, is projected to reach an adjusted size of USD 117.9 billion by 2030, increasing by 5.7% over the analysis period 2023-2030. Grows at CAGR.

Health risk assessment services, one of the segments analyzed in the report, is expected to register a CAGR of 5.6% and reach USD 26 billion by the end of the analysis period. The growth rate of the fitness services sector is estimated to be 4.9% CAGR over the next eight years.

The US market is estimated at $29.4 billion, while China is projected to grow at a CAGR of 6.8%

The US corporate wellness market is estimated at USD 29.4 billion in 2023. China, the world’s second largest economy, is expected to reach a projected market size of USD 8.4 billion by 2030, followed by a CAGR of 6.8%. The analysis period is from 2023 to 2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 4.9% and 5.9%, respectively, between 2023 and 2030. Among Europe, Germany is projected to grow at a CAGR of approximately 5.4%.

This report features profiles of more than 160 notable companies. Companies included in the report include:

• Cerner Corporation

• Ceridian Ho Chi Minh Co., Ltd.

• Castlight Health Co., Ltd.

• ComPsych Co., Ltd.

• Ebix Co., Ltd.

• CXA Group Pte. Co., Ltd.

• Anya Wellness

• Applied Health Analytics, LLC

• Core Health Technologies Co., Ltd.

• Aduro Co., Ltd.

• Beacon health options

• Cigna Co., Ltd.

• Catalyst Sante Co., Ltd.

• Bristlecone Health

• Fitbit Health Solutions

Key reporting features

• Full access to influencer engagement statistics

• Free access to digital archives and research platforms. The unique platform is fully enabled to unleash the creativity and market knowledge of subject matter experts from around the world in a cohesive and collaborative manner. State-of-the-art tools provide a world-class market perspective while protecting participant privacy and identity. The numbers, statistics, and market stories within the report are based on fully curated insights shared by experts and influencers in the field.

• Opportunity to participate in interactive surveys with real-time data simulator tools and bespoke report generation capabilities

• Full client access to a peer collaboration and interactive platform for smart idea exchange between businesses

• 1 year of free report updates

• Covering global market share of competitors and key players

• Player market presence analysis across multiple regions (Strong/Active/Niche/Minor)

• Access to selected YouTube video transcripts of subject matter expert/influencer interviews, podcasts, press statements, and event keynotes.

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Key attributes:

Main topics covered:

1. Market overview

• Corporate Health – Market share percentage of the world’s main competitors in 2023 (E)

• Competitive Market Presence – Strong/Active/Niche/Mediocre (E) for Players Worldwide in 2023

• Workplace Stress: A Silently Emerging Public Health Crisis and the 21st Century’s Biggest Threat to Employee Health

• The health and economic impact of workplace stress

• Main causes of stress at work

• How can a corporate wellness program help?

• Pandemic experience has increased work-related stress, making corporate health management more important than ever

• Post-pandemic, health will become a bigger priority for companies

• Here’s why exercise and fitness during the pandemic should be a priority in your corporate wellness program

• World economic outlook

• Corporate Wellness Programs: What are they? Why are they important and what are the benefits?

• Recent market activity

• world brands

2. Focus on selected players

3. Market trends and drivers

• Health care costs continue to spiral, increasing far faster than national GDP

• Growth in healthcare spending outpacing global GDP growth means companies need to rein in healthcare spending to prevent a hit to profitability: ratio

• Rising healthcare costs for employers highlight the importance of well-designed and managed wellness programs

• Pandemic drives healthcare costs higher, forcing companies to strategize wellness programs to control costs

• Considering that sick employees can affect your bottom line, wellness programs join the league of strategies essential to business continuity and preparedness. Average U.S. worker and employer health insurance premium contributions in 2010, 2015, and 2021 (USD)

• More companies are implementing wellness programs, highlighting increased employer awareness of the many benefits offered: Percentage of companies offering health benefits in the U.S. in 2000, 2010, 2015, and 2021

• The negative impact of employee absenteeism on a company’s balance sheet puts wellness programs directly in the spotlight.

• Employee absenteeism has a significant impact on productivity and revenue, so companies need to strengthen their wellness programs: Direct costs of employee absenteeism as a percentage of payroll expenditures

• Attempting to measure productivity losses incurred due to employee absenteeism reveals why companies should prioritize wellness programs and strategies: Total cost of productivity loss as a percentage of labor expenditures

• The High Cost of Unplanned Absenteeism In addition to the fact that illness is cited as the most common cause of unplanned absenteeism, employee health must be paramount if companies plan to succeed. Should: Impact of unplanned absences (percentage of disruptions caused)

• Industries with the highest absenteeism rates will be important revenue sources and attractive customers for wellness program service providers: Absenteeism Rates by Industry (%) Using the United States as an example

• Widespread nicotine addiction and abuse prompts companies to introduce innovative smoking cessation programs

• With 15% of the world’s population addicted to smoking, wellness programs can no longer ignore the need to help employees overcome tobacco addiction: Number of tobacco smokers worldwide in 2021 (millions)

• The rise in chronic diseases makes health risk assessment, fitness, and physical exams important aspects of effective wellness programs.

• The rising prevalence of chronic diseases increases the need to address the management of these diseases in health programs: Global costs of chronic diseases in 2021 and 2030 (US$ billion)

• Companies that transform health and well-being in the workplace are more likely to succeed: Percentage of U.S. companies offering different types of health support and care as part of their wellness programs in 2021

• COVID-19 experience prompts implementation of new infectious disease testing, tracing and employee health screening tools

• The increasing frequency and severity of emerging and re-emerging infectious diseases has highlighted the importance of infectious disease testing in wellness programs: Fatality rates of major viral infections over the past 50 years

• The high human-to-human transmission of infectious diseases means companies need to protect the sanctity of the workplace and prevent the spread of infection among employees: RO values ​​for known infectious diseases

• COVID-19 accelerates telemedicine’s natural fit into corporate wellness strategies

• Telemedicine results in significant cost savings compared to other methods of coordinating health care services for employees: % of U.S. hospitals and organizations report varying levels of cost savings from using telemedicine. I have

• More hospitals offering telehealth services, making it easier and more effective to integrate telehealth into corporate wellness programs: % of U.S. hospitals have fully or partially implemented telehealth services

• Robustly growing telemedicine market attests to the increasing adoption of this innovative healthcare delivery method: Global Telemedicine Opportunity in 2021, 2023, 2025, and 2027 (US$ Billion) )

• Globesity: Global obesity epidemic is forcing companies to include nutrition and weight management as part of their wellness programs

• Health programs need to address obesity as the incidence of obesity increases Highlights the need to help employees manage their lifestyles to maintain the right balance between work and health: in adult populations by country Percentage of obesity

• Workplace fitness centers and in-house gyms are becoming more popular.

• Cafeteria Wellness Programs: An Important Part of Workplace Obesity Management

• The growing importance of remote wellness in the era of work-from-home (WFM)

• Mental health as part of corporate wellness programs quickly gains popularity post-COVID-19 pandemic

• Mental health apps grow in popularity as part of corporate wellness programs

• Stress during pandemic negatively impacts mental health, forcing employers to focus on mental health in corporate wellness programs: Percentage of adults who experienced anxiety and depression during the pandemic (February 2020) (from September)

• Prevalence of mental disorders in the world population by disease type in 2021

• Gen Z is more likely to develop mental disorders: Percentage of adults who report good or good mental health by generation

• Generation Z knows the depth of loneliness!Why: Percentage of U.S. adults by generation who experience loneliness

• Innovation is the key to a successful corporate wellness program

• VR Relaxation Pod – An important innovation in wellness

• AI emerges as the wellness expert in the corporate space

For more information about this report, please visit https://www.researchandmarkets.com/r/edoqzl.

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