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Corporate Wellness Market Analysis | CMI

Read here the latest updates on the Corporate Wellness Market Analysis published by CMI team

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Corporate Wellness Market Analysis | CMI

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. CORPORATE WELLNESS MARKET ANALYSIS • Corporate Wellness Market, by Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, and Others), by End User (Small-scale Organizations, Medium-scale Organizations, and Large-scale Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027 • The global corporate wellness market size was valued at US$ 53,645.7 million in 2018, and is expected to exhibit a CAGR of 7.2% over the forecast period (2019–2027).

  3. Figure 1. Global Corporate Wellness Market Value (US$ Mn), by Region, 2018

  4. Market Drivers • Increasing incidences of smoking is expected to propel growth of the Corporate Wellness Market • Corporate wellness programs are conducted to keep employees healthy, prevent diseases, and increase the productivity. Moreover, high prevalence smoking and obesity is expected to drive growth of the global corporate wellness market during the forecast period. According to Institute for Health Metrics and Evaluation (IHME), 2017, an estimated 6.32 million deaths of smokers were reported in 2016 globally. Moreover, according to the same source, around 883,930 deaths of second hand smokers were reported in 2016 globally • Moreover, increasing prevalence of obesity associated with deskbound lifestyle is expected to propel growth of the global corporate wellness market over the forecast period. According to the World Health Organization (WHO) factsheet, February 2018, around 1.9 billion adults aged 18 years and above were overweight around the world in 2016, of which around 650 million were obese.

  5. Market Restraint • However, low adoption rate of corporate wellness programs by new startups and small corporate offices is expected is the major factor hindering the market growth.

  6. Figure 2. Global Corporate Wellness Market Share (%), by Service, 2019 and 2027

  7. Segment Information: • Increasing risk of diabetes associated with deskbound lifestyle in North America is expected to bolster the market growth in the region. • North America holds dominant position in the global corporate wellness market, owing to increasing risk of diabetes and other diseases associated with deskbound lifestyle or physical inactivity. According to the Centers for Disease Control and Prevention (CDC) report, 2015, around 30.3 million Americans were diagnosed with diabetes in 2015, and around 1.5 million are diagnosed with diabetes every year. • Moreover, increasing employee welfare activities in the corporate sector is propelling growth of the market. For instance, Accenture, a consultant company, offers employee assistance programs to provide confidential support for employees’ issues such as stress, substance abuse, depression, and anxiety. Furthermore, the company provides employees Teladoc services, where they can consult a physician for any health-related queries 24x7.

  8. Key Players • Major players operating in the global corporate wellness market include Wellness Corporate Solutions, ComPsych Corporation, United Health Group, Sodexo, BupaWellness Pty Ltd., Recovre Group, Central Corporate Wellness, Truworth Wellness, CXA Group Pte. Limited, SOL Wellness, ComPsych Corporation, Virgin Pulse, Inc., Interactive Health, Inc., and ConneXions Asia.

  9. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Reference : https://www.coherentmarketinsights.com/market-insight/corporate-wellness-market-2062

  10. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  11. Contact Us Mr. Shah Coherent Market Insights Pvt.Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

  12. Thank You! Kindly follow CMI Social Media Profiles for the latest company updates Facebook Linkedin Twitter https://www.coherentmarketinsights.com/

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