Global Corporate Wellness Market size was valued at USD 73.25 billion in 2023 to USD 103.94 billion by 2031, growing at a CAGR of 4.47% in the forecast period (2024-2031).Rising emphasis on enhancing productivity and employee wellness around the world is projected to primarily drive the demand for corporate wellness over the coming years. Launch of new corporate wellness programs by several organizations and growing mental health awareness are also expected to create new opportunities for market players in the future. High incidence of lifestyle disorders will also favour the demand for corporate wellness.
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Changing corporate culture and rising emphasis on improving employee engagement and productivity are forecasted to help corporate wellness companies expand their business. Growing toxicity in work culture and rising awareness regarding the same will also promote the creation of new corporate wellness programs across organizations. Developing corporate wellness initiatives that not only help people working in the organization but also improve the image of its brand will be a top priority for all market players.
Launch of New Corporate Wellness Programs Helping Market Players Stay Competitive
The global corporate wellness market is highly opportune as the corporate industry focuses on productivity enhancement and employee engagement. Increasing cases of workplace toxicity and poor physical and mental health due to improper work-life balance are also promoting the popularity of corporate wellness around the world. Corporate wellness companies can collaborate with health and wellness companies to expand their business scope from physical to mental health.
A new personalized corporate wellness program was launched in India in April 2024. Unlock.fit, a renowned provider of personalized wellness was behind the launch of CorpGene. The new initiative will help offer personalized genetic insights for employees to enhance their productivity as well as their health.
Taking a unique approach to workplace wellness, a new company from Australia called Wello Works entered the United States market in May 2024. The company is redefining the meaning of wellness in workplaces through its innovative approach and use of techniques such as hydromassages and infrared saunas.
Bahwan Engineering Co. LLC (BEC) an engineering consulting company based in Oman announced the launch of its new corporate wellness program in January 2024. Through this move, the company aims to prioritize and focus on the well-being and happiness of its employees.
Helix & Gene, a company known for its expertise in wellness launched its corporate wellness programs for global use in February 2024. All of these programs were aimed at enhancing employee productivity while maintaining their optimal health.
Creating awareness regarding wellness in the corporate environment is essential for corporate wellness companies to make a mark in the future. Targeting large enterprises with massive workforce can help corporate wellness providers enhance their market share but working with small and medium enterprises can help market players gain recognition in the future.
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Corporate Wellness Market Segmental Analysis:
Service
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Nutrition & Weight Management
Stress Management
Others
Application
Fitness & Nutrition Consultants
Psychological Therapists
Organizations/Employers
Delivery Model
Onsite
Offsite
End User
Small Scale Organizations
Medium Scale Organizations
Large Scale Organizations
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Top Players in the Global Corporate Wellness Market
Virgin Pulse (US)
Wellness Corporate Solutions (US)
ComPsych Corporation (US)
Provant Health Solutions (US)
Optum, Inc. (US)
EXOS (US)
Vitality Group (US)
Marino Wellness (US)
Truworth Wellness (India)
Sodexo (France)
Wellness Layers (US)
TotalWellness Health (US)
Cerner Corporation (US)
Premise Health (US)
Kinema Fitness (US)
Fitbit, Inc. (US)
CoreHealth Technologies (Canada)
Limeade (US)
LifeDojo (US)
RedBrick Health (US)
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