Corporate Wellness Market Size to Grow by USD 24.44 Billion | Central Wellness, ComPsych Corp., EXOS, and Sodexo Group among Dominant Vendors | Technavio

NEW YORK, June 22, 2022 /PRNewswire/ — The “Corporate Wellness Market by Application and Geography – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The potential growth difference for the corporate wellness market between 2020 and 2025 is USD 24.44 billion, as per the latest market analysis report by Technavio. The report projects the market to witness an accelerating growth momentum at a CAGR of 7.88% during the forecast period. The increasing need to combat rising healthcare costs will influence the market positively. However, the poor engagement level of employees will emerge as a major challenge for global corporate wellness market growth.  

To get the exact yearly growth variance and the Y-O-Y growth rate, Download Sample Report.

Competitive Landscape

  • The corporate wellness market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. 
  • To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
  • The corporate wellness market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Some Companies Mentioned with their Offerings

    • British United Provident Association Ltd.: The company offers corporate wellness such as health. insurance, health assessments, dental insurance, mind matters, cash plan, private GP and nurse services, occupational health.
    • Central Wellness: The company offers corporate wellness such as health and wellness events, health and wellness coaching, health assessment.
    • ComPsych Corp.: The company offers corporate wellness such as Health assessment, Tobacco cessation, Weight management, Lifestyle coaching, Worksite wellness, challenges, Mobile and online tools and incentive tracking, Ongoing education and communications.
    • EXOS: The company offers corporate wellness such as corporate wellness programs which are the combination of wellness services, technology, fitness facilities.
    • Sodexo Group: The company offers corporate wellness such as corporate wellness programs.

Some other companies covered in this report are:

    • Fit Athletic Club LLC
    • Laboratory Corp. of America Holdings
    • Vitality Group LLC
    • WebMD Health Services Group Inc.
    • WorkStride
  • To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

Key Revenue-generating Segment Highlights

The corporate wellness market report is segmented by Application (health assessments and screenings, nutrition and fitness, and others) and Geography (North America, Europe, APAC, South America, and MEA).  

  • The health assessments and screenings application segment held the largest corporate wellness market share in 2020. The segment will continue to account for the highest revenue throughout the forecast period. The growth of this segment can be attributed to the increasing adoption of workplace health assessment involving the assessment of current workplace wellness programs, physical environment, policies of the organization, and an employee survey followed by a questionnaire to identify behaviors, health concerns, and interests of employees.
  • 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 market in North America. Market growth in this region will be faster than the growth of the market in regions. The increasing need to combat rising healthcare costs will facilitate the corporate wellness market growth in North America over the forecast period. 

View sample report for insights into the contribution of all the segments and regional opportunities in the report.

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Corporate Wellness Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.88%

Market growth 2021-2025

$24.44 billion

Market structure

Fragmented

YoY growth (%)

7.26

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 39%

Key consumer countries

US, UK, China, Canada, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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., and WorkStride

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Leisure facilities

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ billion)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 15: Application – Market share 2020-2025 (%)
  • 5.2 Comparison by Application
    • Exhibit 16: Comparison by Application
  • 5.3 Health assessments and screenings – Market size and forecast 2020-2025
    • Exhibit 17: Health assessments and screenings – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 18: Health assessments and screenings – Year-over-year growth 2020-2025 (%)
  • 5.4 Nutrition and fitness – Market size and forecast 2020-2025
    • Exhibit 19: Nutrition and fitness – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 20: Nutrition and fitness – Year-over-year growth 2020-2025 (%)
  • 5.5 Others – Market size and forecast 2020-2025
    • Exhibit 21: Others – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 22: Others – Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 23: Market opportunity by Application

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 25: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 26: Geographic comparison
  • 7.3 North America – Market size and forecast 2020-2025
    • Exhibit 27: North America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
  • 7.4 Europe – Market size and forecast 2020-2025
    • Exhibit 29: Europe – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 30: Europe – Year-over-year growth 2020-2025 (%)
  • 7.5 APAC – Market size and forecast 2020-2025
    • Exhibit 31: APAC – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 32: APAC – Year-over-year growth 2020-2025 (%)
  • 7.6 South America – Market size and forecast 2020-2025
    • Exhibit 33: South America – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
  • 7.7 MEA – Market size and forecast 2020-2025
    • Exhibit 35: MEA – Market size and forecast 2020-2025 ($ billion)
    • Exhibit 36: MEA – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 37: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 38: Market opportunity by geography ($ billion)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 39: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Vendor landscape
    • Exhibit 40: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 41: Landscape disruption
    • Exhibit 42: Industry risks
  • 9.3 Competitive scenario

10 Vendor Analysis

  • 10.1 Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 44: Market positioning of vendors
  • 10.3 British United Provident Association Ltd.
    • Exhibit 45: British United Provident Association Ltd. – Overview
    • Exhibit 46: British United Provident Association Ltd. – Business segments
    • Exhibit 47: British United Provident Association Ltd. – Key news
    • Exhibit 48: British United Provident Association Ltd. – Key offerings
    • Exhibit 49: British United Provident Association Ltd. – Segment focus
  • 10.4 Central Wellness
    • Exhibit 50: Central Wellness – Overview
    • Exhibit 51: Central Wellness – Product and service
    • Exhibit 52: Central Wellness – Key offerings
    • Exhibit 53: Central Wellness – Segment focus
  • 10.5 ComPsych Corp.
    • Exhibit 54: ComPsych Corp. – Overview
    • Exhibit 55: ComPsych Corp. – Product and service
    • Exhibit 56: ComPsych Corp. – Key offerings
  • 10.6 EXOS
    • Exhibit 57: EXOS – Overview
    • Exhibit 58: EXOS – Product and service
    • Exhibit 59: EXOS – Key offerings
  • 10.7 Fit Athletic Club LLC
    • Exhibit 60: Fit Athletic Club LLC – Overview
    • Exhibit 61: Fit Athletic Club LLC – Product and service
    • Exhibit 62: Fit Athletic Club LLC – Key offerings
  • 10.8 Laboratory Corp. of America Holdings
    • Exhibit 63: Laboratory Corp. of America Holdings – Overview
    • Exhibit 64: Laboratory Corp. of America Holdings – Business segments
    • Exhibit 65: Laboratory Corp. of America Holdings – Key news
    • Exhibit 66: Laboratory Corp. of America Holdings – Key offerings
    • Exhibit 67: Laboratory Corp. of America Holdings – Segment focus
  • 10.9 Sodexo Group
    • Exhibit 68: Sodexo Group – Overview
    • Exhibit 69: Sodexo Group – Business segments
    • Exhibit 70: Sodexo Group – Key news
    • Exhibit 71: Sodexo Group – Key offerings
    • Exhibit 72: Sodexo Group – Segment focus
  • 10.10 Vitality Group LLC
    • Exhibit 73: Vitality Group LLC – Overview
    • Exhibit 74: Vitality Group LLC – Product and service
    • Exhibit 75: Vitality Group LLC – Key news
    • Exhibit 76: Vitality Group LLC – Key offerings
  • 10.11 WebMD Health Services Group Inc.
    • Exhibit 77: WebMD Health Services Group Inc. – Overview
    • Exhibit 78: WebMD Health Services Group Inc. – Product and service
    • Exhibit 79: WebMD Health Services Group Inc. – Key offerings
  • 10.12 WorkStride
    • Exhibit 80: WorkStride – Overview
    • Exhibit 81: WorkStride – Product and service
    • Exhibit 82: WorkStride – Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 83: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 84: Research Methodology
    • Exhibit 85: Validation techniques employed for market sizing
    • Exhibit 86: Information sources
  • 11.4 List of abbreviations
    • Exhibit 87: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
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UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

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Corporate Wellness Market Size to Grow by USD 24.44 Billion | Central Wellness, ComPsych Corp., EXOS, and Sodexo Group among Dominant Vendors | Technavio WeeklyReviewer

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