Corporate Wellness Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44158

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The corporate wellness market size will grow up to USD 24.44 billion at a CAGR of 7.88% during 2021-2025.

This corporate wellness market analysis report entails exhaustive statistical qualitative and quantitative data on application (health assessments and screenings, nutrition and fitness, and others) and geography (North America, Europe, APAC, South America, and MEA) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Corporate Wellness Market Size be in 2021?

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Corporate Wellness Market: Key Drivers and Trends

According to our research output, there has been a negative impact on the market growth post COVID-19 era. Key drivers such as the increasing need to combat rising healthcare costs are notably supporting the corporate wellness market growth. However, one of the foremost factors impeding market growth is the poor engagement level of employees. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic corporate wellness market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Corporate Wellness Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • British United Provident Association Ltd.
  • Central Wellness
  • ComPsych Corp.
  • EXOS
  • Fit Athletic Club LLC
  • Laboratory Corp. of America Holdings
  • Sodexo Group
  • Vitality Group LLC
  • WebMD Health Services Group Inc.
  • WorkStride

 

From our Porter’s five forces analysis study, get detailed insights on the functional involvement of the buyers and suppliers to form well-rounded knowledge about the supply chain and create cost reduction plans. The corporate wellness market analysis report also contains exhaustive observations on the organic and inorganic growth strategies deployed by the vendors. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post-pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the corporate wellness market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Corporate Wellness Market?

Corporate-Wellness-Market-Market-Share-by-Region-2020-2025

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39% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for corporate wellness in North America.

North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The need for improved employee productivity has been identified as one of the chief factors that will drive the corporate wellness market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Corporate Wellness Market?

Corporate-Wellness-Market-Market-Share-by-Application-2020-2025

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The corporate wellness market report provides a comprehensive understanding of the subsets of our target market to earmark niche customer groups and simplify demographic requirements. In addition, the report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency. The corporate wellness market share growth by the health assessments and screenings segment has been significant and is expected to provide significant growth opportunities to market vendors.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the corporate wellness market size.

 

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What are the Key Factors Covered in this Corporate Wellness Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive corporate wellness market growth during the next five years
  • Precise estimation of the corporate wellness market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the corporate wellness market across North America, Europe, APAC, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of corporate wellness market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The corporate wellness market growth will increase by $25.42 billion during 2019-2024.
The corporate wellness market is expected to grow at a CAGR of 8.08% during 2019-2024.
Technavio has segmented the corporate wellness market by application (Health assessments and screenings, Nutrition and fitness, and Others) and geographic (North America, Europe, APAC, South America, and MEA).
Athletes Performance Inc., British United Provident Association Ltd., Central Wellness, ComPsych Corp., Fit Athletic Club LLC, Laboratory Corp. of America Holdings, Sodexo Group, Vitality Group LLC, WebMD Health Services Group Inc., WorkStride are a few of the key vendors in the corporate wellness market.
North America will register the highest growth rate of 39.06% among the other regions. Therefore, the corporate wellness market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the corporate wellness market growth are:
  • Increasing need to combat rising healthcare costs
  • Adoption of wearable technology
The corporate wellness market vendors should focus on grabbing business opportunities from the health assessments and screenings segment as it accounted for the largest market share in the base year.
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