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Corporate Wellness Solutions Market size worth $ 110.09 Billion, Globally, by 2028 at 8.29% CAGR: Verified Market Research®

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Verified Market Research

19 Jan, 2022, 16:15 GMT

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The rising adoption of corporate wellness programs by employers increased uptake of technology-powered corporate wellness solutions, and the growing prevalence of chronic diseases across the globe is boosting the Corporate Wellness Solutions Market

JERSEY CITY, N.J., Jan. 19, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Corporate Wellness Solutions Market" By Product (Cloud-Based, On-Premises), By End User (Large Enterprises, Small And Medium Size Enterprises), and By Geography. According to Verified Market Research, the Global Corporate Wellness Solutions Market size was valued at USD 58.24 Billion in 2020 and is projected to reach USD 110.09 Billion by 2028, growing at a CAGR of 8.29% from 2021 to 2028.

Download PDF Brochure:

https://www.verifiedmarketresearch.com/download-sample/?rid=214093

Browse in-depth TOC on "Corporate Wellness Solutions Market"

202 - Pages

126 – Tables

37 – Figures

Global Corporate Wellness Solutions Market Overview

Increasing adoption of corporate wellness programs across organizations is one of the key factors driving the growth of the market during the forecast period. Employers can gain higher benefits by aligning corporate wellness programs in their company's mission health and wellness programs are considered important by employees while choosing an employer or an organization. Corporate wellness programs have a positive effect on the overall organizational culture. Employees prefer incentive-based wellness programs as incentives play a significant role in the motivation of employees.

In addition, the growing prevalence of chronic diseases across the globe is boosting the overall Corporate Wellness Solutions Market growth. According to the National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP), corporate wellness and health initiatives, as well as disease prevention plans, have the potential to influence more than 150 million employees in the United States, lowering healthcare costs significantly. Employers are also focusing on establishing wellness programs that target chronic conditions that are easily addressable in order to cut costs.

Furthermore, the market is likely to be driven by increased awareness of employee health and well-being. Employees are encouraged to live a healthy lifestyle, which helps businesses increase productivity and cut costs by boosting employee wellness. In the future years, the overall costs of lost productivity owing to illness-related absenteeism are predicted to exceed USD 150 billion. Increased insurance costs result from the rise in obese and overweight people, putting financial pressure on employers.

However, a few of the main reasons why employees are pushing against such programs are a lack of confidence in the employer's ability to run an effective program, doubt about the programs being helpful, and privacy concerns. These factors are leading to the slow adoption of corporate wellness software, which is expected to restrain the overall growth of the market

Key Developments

  • December 2020, MediKeeper Announces the Release of a Fully Integrated COVID-19 App with Risk Assessment, Cleared for Workflow, and Case Management.

Key Players

The major players in the market are CoreHealth Technologies, MediKeeper, Wellness Layers, Alyfe Wellbeing Strategies, BSDI, Ceridian Lifeworks, Corporate Health Partners, Infinite Wellness Solutions, Sprout, and Burner Fitness.

Verified Market Research has segmented the Global Corporate Wellness Solutions Market On the basis of Product, End User, and Geography.

  • Corporate Wellness Solutions Market, By Product
    • Cloud-Based
    • On-Premises
  • Corporate Wellness Solutions Market, By End User
    • Large Enterprises
    • Small and Medium Size Enterprises
  • Corporate Wellness Solutions Market by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

Browse Related Reports:

Corporate Wellness Programs Market By Product (Cloud Based and On-Premises), By Application (Large Enterprises and Small and Medium Size Enterprises), By Geography, Forecast, 2021-2028

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5 Leading Blockchain-As-A-Service Providers' technological tour de force

Visualize Corporate Wellness Solutions Market using Verified Market Intelligence:-:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling of this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, and Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research provides advanced analytical research solutions while offering information enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SME's offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductor & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us

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Verified Market Research®
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