Corporate Wellness Market Size Is Set To Reach USD 12.56 Billion By 2024

By Goldstein Research || 2018-12-27 11:01:01 AM

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Promoting Employee Well-Being by Corporate Wellness Program

Increase in human lifespan, longer working hours, increasing the age of retirement to reduce pension and healthcare expenses, reward-based approach and increasing industrialization are the drivers of corporate wellness market. However, inefficient execution of a plan which has ultimately resulted in increased costs for the companies impacts the market penetration scenario.

Browse Full Report Here: Corporate Wellness Market

According to Goldstein Research, Corporate Wellness Market size is set to reach USD 12.56 billion by 2024, at a CAGR of 5.36% over the forecast years owing to the presence of a health-conscious population and growth in awareness, affordability, and the availability of corporate wellness programs.

Geographically, China has the largest market for corporate wellness and acquire the market share of 42.35% of overall APAC corporate wellness market due to hiking healthcare expenditure, with more and more middle and upper classes working in offices, long days and even weekends spent sitting at the computer.

Health is in Earth Friendly Products' DNA

Earth Friendly Products, a champion for eco-friendly techniques for the sustainable and green environment. Here, each facility has an organic garden from which employees can snag fruits & vegetables. In addition, a unique aspect of this wellness program is RE-Parties where employees can exchange clothes and household items, also if an employee wants to trade a car for a more eco-friendly one, the organization will help in payment. And last but not the least reform i.e. everyone who chooses to move to the office area in order to reduce carbon emission (commutes) receives USD 1,000.   

Global Corporate Wellness Market Report contains a detailed overview of the global corporate wellness market in terms of market segmentation by solution type and path.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.

 

Global corporate wellness market report also provides a competitive outlook for some of the major players which includes profiling of companies such as Well Nation, Virgin Pulse, Provant Health Solutions, ComPsych, EXOS, Kinema Fitness, Karelia Health, Marino Wellness, Premise Health, Wellness Corporate Solutions, WorkStride, Wellsource, Wisdom Works Group. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents comprehensive synopsis on the global corporate wellness market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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