The global Corporate Wellness Solutions market gathered revenue around USD 60.1 Billion in 2020 and market is set to grow USD 96.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10% during the prediction period 2021 to 2027.Growth in the market is driven by rising adoption of corporate wellness programs by employers, increased uptake of technology-powered corporate wellness solutions and substantial burden of chronic lifestyle diseases and mental health in organizations. However, factors posing a challenge to this market include low employee engagement and participation in corporate wellness programs and adoption of internal-led corporate wellness programs through benefits packages and perks.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Corporate Wellness Solutions market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Corporate Wellness Solutions market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Corporate Wellness Solutions market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
North America holds the largest share in the corporate wellness solutions market, by region, in the forecast period
The corporate wellness solutions market is segmented into North America, Europe, Asia Pacific, and Rest of the World. North America accounted for the largest share in the corporate wellness solutions market in 2020. The large share of this regional segment can be attributed to the rising need for corporate wellness solutions for employees due to the rising prevalence of chronic conditions, mental health issues, and substance abuse especially related to the opioid crisis in the region.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Corporate Wellness Solutions Market are:
The corporate wellness solutions market include ComPsych Corporation (US), LifeWorks, Inc. (Canada), UnitedHealth Group (Optum) (US), Anthem, Inc. (US), Workplace Options (US), Cerner Corporation (US), Centene Corporation (US), TELUS (Canada), Cleveland Clinic (US), Wellright (US), Virgin Group Ltd. (US), CVS Health Corporation (US), Alphabet Inc. (Fitbit) (US), Discovery Limited (Vitality Group) (South Africa), EXOS (US), Laboratory Corporation of American Holdings (US), Sharecare (US), Gilsbar (US), Medcan Clinic (Canada), Limeade (US), Aduro, Inc. (US), TotalWellness (US), Wellsteps (US), Corporate Fitness Works (US), and WellWorks For You (US).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Service offering
Corporate Wellness Solutions Market, By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Benefits For Stakeholders
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Corporate Wellness Solutions Market, By Service offering
7.1. Corporate Wellness Solutions Market, By Service offering, 2021-2027
7.1.1. Health Risk Assessment
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Nutrition and Weight Management
7.1.2.1. Market Revenue and Forecast (2016-2027)
7.1.3. Smoking Cessation
7.1.3.1. Market Revenue and Forecast (2016-2027)
7.1.4. Fitness Services
7.1.4.1. Market Revenue and Forecast (2016-2027)
7.1.5. Biometric Screening
7.1.5.1. Market Revenue and Forecast (2016-2027)
7.1.6. Alcohol/Substance Abuse Services
7.1.6.1. Market Revenue and Forecast (2016-2027)
7.1.7. Mental/Behavioral Health Management
7.1.7.1. Market Revenue and Forecast (2016-2027)
7.1.8. Virtual consultation/Virtual care
7.1.8.1. Market Revenue and Forecast (2016-2027)
7.1.9. Virtual consultation/Virtual care
7.1.9.1. Market Revenue and Forecast (2016-2027)
7.1.10. Health Benefit Programs
7.1.10.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Corporate Wellness Solutions Market, By End User
8.1. Corporate Wellness Solutions Market, By End User, 2021-2027
8.1.1. Large organizations
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Medium-sized organizations
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Small organizations
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Corporate Wellness Solutions Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.1.2. Market Revenue and Forecast, By End User (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.1.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.1.4.2. Market Revenue and Forecast, By End User (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.2.2. Market Revenue and Forecast, By End User (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.2.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.2.4.2. Market Revenue and Forecast, By End User (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.2.5.2. Market Revenue and Forecast, By End User (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.2.6.2. Market Revenue and Forecast, By End User (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.3.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.3.4.2. Market Revenue and Forecast, By End User (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.3.5.2. Market Revenue and Forecast, By End User (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.3.6.2. Market Revenue and Forecast, By End User (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.4.2. Market Revenue and Forecast, By End User (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.4.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.4.4.2. Market Revenue and Forecast, By End User (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.4.5.2. Market Revenue and Forecast, By End User (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.4.6.2. Market Revenue and Forecast, By End User (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.5.2. Market Revenue and Forecast, By End User (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.5.3.2. Market Revenue and Forecast, By End User (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, By Service offering (2016-2027)
9.5.4.2. Market Revenue and Forecast, By End User (2016-2027)
Chapter 10. Company Profiles
10.1.1. ComPsych Corporation
10.1.2. Company Overview
10.1.3. Product Offerings
10.1.4. Financial Performance
10.1.5. Recent Initiatives
10.2. LifeWorks, Inc
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. UnitedHealth Group
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Anthem, Inc.
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Workplace Options
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Cerner Corporation
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Centene Corporation
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. TELUS
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Cleveland Clinic
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Cleveland Clinic
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms