Global Corporate Wellness Market Trajectory and Analysis Report 2022: COVID-19 Accelerating the Natural Integration of Telemedicine into Corporate Wellness Strategies – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Corporate Wellness – Global Market Trajectory and Analysis” report has been added to from ResearchAndMarkets.com offer.

Global corporate wellness market to reach US$90.4 billion by 2026

Amid the COVID-19 crisis, the global corporate wellness market estimated at US$70.1 billion in 2022 is expected to reach a revised size of US$90.4 billion by 2026, growing at a CAGR of 6.8% over the analysis period.

Health Risk Assessment, one of the segments analyzed in the report, is expected to grow at a CAGR of 6.5% to reach US$20.9 billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Fitness segment is readjusted to a revised CAGR of 6% for the next 7-year period. This segment currently represents a 12.9% share of the global corporate wellness market.

Workplace stress is an often overlooked and silent factor that negatively impacts worker productivity and health. Stress at work has quickly become a major public health crisis and a formidable threat to the health of workers, with detrimental effects on organizations. Stress at work has gradually increased over the past decades and represents the main source of stress among adults. Workplace stress is closely linked to worker health and organizational performance.

The US market is estimated at $27.2 billion in 2022, while China is expected to reach $6 billion by 2026

The corporate wellness market in the United States is estimated to be worth US$27.2 billion in 2022. The country currently accounts for a 38.79% share of the global market. China, the world’s second largest economy, is expected to reach an estimated market size of US$6 billion in 2026, growing at a CAGR of 8.2% over the analysis period.

Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 5.8% and 7.2% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of approximately 6.5%, while the rest of the European market (as defined in the study) will reach US$10.2 billion by the end of the year. analysis period.

Smoking Cessation Segment to Reach $14.9 Billion by 2026

Cigarette addiction around the world is expected to increase despite organizations and governments around the world trying to raise awareness about the harmful effects of tobacco, imposing high taxes on various tobacco products in an attempt to reduce their consumption and the approval of less harmful and less harmful tobacco products. innovative as a suitable substitute for traditional cigarettes.

Millions of people around the world suffer from various diseases and conditions caused by smoking, with COPD being the leading killer disease. Since many of the young workers are vulnerable, the scenario highlights the importance of smoking cessation programs in the workplace.

In recent years, a growing number of organizations have begun to focus on smoking cessation programs in the workplace to help employees improve their health and eventually improve their bottom line by increasing productivity and saving money on health care costs. Smoking cessation programs help smokers choose and receive the right medication, such as a lozenge, gum, or patches, to reduce cravings and ease withdrawal symptoms. In the global smoking cessation segment, the United States, Canada, Japan, China and Europe will drive the estimated CAGR of 5.7% for this segment.

These regional markets representing a combined market size of US$9.1 billion will reach a projected size of US$13.5 billion by the end of the analysis period. China will remain among the fastest growing markets in this group of regional markets. Led by countries like Australia, India, and South Korea, the Asia-Pacific market is expected to reach US$1.1 billion by 2026.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors

  • Market presence in multiple geographies – Strong/Active/Niche/Trivial

  • Peer-to-peer collaborative online interactive updates

  • Access to the publisher’s digital archives and research platform

  • Free updates for one year

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Workplace stress: The quietly emerging public health crisis and the biggest threat to employee health in the 21st century

  • Health and economic consequences of stress at work

  • How can corporate wellness programs help?

  • The COVID-19 pandemic is amplifying work-related stress, making corporate wellness more important than ever

  • Wellbeing becomes a bigger priority for businesses amid the pandemic

  • Here’s why exercise and fitness amid the pandemic should be prioritized in corporate wellness programs

  • The endless “race” between the virus and vaccines continues. Amid this chaotic battle, what is the prognosis for the pandemic and where is the global economy headed now and beyond?

  • With new strains emerging at an alarming rate, the focus is on booster doses and adjusting vaccines amid waning vaccine immunity. But how practical is it to implement them?

  • As 2022 dawns, after many new strains and millions of deaths, challenges in producing, sourcing, accessing and sharing vaccine technologies persist

  • Divided storylines unfold: The great vaccine divide emerges

  • Corporate wellness programs: what are they? Why are they important and what benefits do they offer?

  • Recent market activity

  • Global brands

2. FOCUS ON CERTAIN PLAYERS Select competitors (164 total featured)

  • ADURO, INC.

  • Beacon Health Options, Inc.

  • Bupa Wellness Pty Ltd

  • Corporate wellness center

  • ComPsych Corporation

  • EXERCISES

  • Fitbit Health Solutions

  • HealthifyMe Wellness Private Limited

  • LifeWorks Inc.

  • Sailor Well-being

  • Privia Health, LLC

  • Sodexo Group

  • The Vitality Group, Inc.

  • Truworth Health Technologies Pvt. ltd

  • Virgin Pulse, Inc.

  • Good Nation

  • Wellness Enterprise Solutions

  • Wellsource, Inc.

3. MARKET TRENDS AND DRIVERS

  • Health care costs continue to soar, growing much faster than national GDP

  • Rising Employer Health Costs Highlight the Importance of Well-Drafted and Managed Wellness Programs

  • The pandemic is driving up healthcare costs even further, forcing companies to strategize on wellness programs to contain costs

  • Negative impact of employee absenteeism on company bottom line highlights wellness programs

  • Widespread Nicotine Addiction and Abuse Encourages Companies to Implement Innovative Smoking Cessation Programs

  • The increase in chronic disease makes health risk assessment, fitness and health screening important aspects of an effective wellness program

  • The COVID-19 experience will lead to increased adoption of new employee infectious disease screening, tracking and tracing tools

  • COVID-19 is accelerating the natural integration of telemedicine into corporate wellness strategies

  • Globesity: Global obesity epidemic is forcing companies to include nutrition and weight management in their wellness programs

  • Workplace fitness center and on-site gyms are growing in popularity

  • Wellness Programs in Cafeterias: An Essential Part of Obesity Management in the Workplace

  • Remote wellness in the age of working from home (WFM) is gaining importance

  • Mental health as part of corporate wellness programs gaining popularity amid COVID-19 pandemic

  • Mental health apps as part of corporate wellness programs are gaining popularity

  • Innovation is key to the success of corporate wellness programs

  • VR relaxation capsules – A key innovation in well-being

  • AI emerges as a wellness expert in the corporate space

4. GLOBAL MARKET OUTLOOK

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information on this report, visit https://www.researchandmarkets.com/r/n7o6m

Comments are closed.