The report "Corporate Wellness Solutions Market by Service Offering (HRA, Nutrition, Weight Loss, Fitness, Substance Abuse Management, Employee Assistance Programs, Health Benefits), & End-User (Organizations (Large, Mid-Sized, SME)) - Global Forecast to 2026", The corporate wellness solutions market is projected to reach USD 94.60 billion by 2026 from USD 61.2 billion in 2021, at a CAGR of 9.1%. Growth in the market is driven by rising adoption of corporate wellness programs by employers, technology-powered corporate wellness solutions and burden of chronic lifestyle diseases and mental health issues in organizations. However, factors posing a challenge to this market include low employee engagement and participation in corporate wellness programs and adoption of internal-led corporate wellness programs through benefits packages and perks.
Browse 92 market data Tables and 55 Figures spread through 228 Pages and in-depth TOC on "Corporate Wellness Solutions Market by Service Offering (HRA, Nutrition, Weight Loss, Fitness, Substance Abuse Management, Employee Assistance Programs, Health Benefits), & End-User (Organizations (Large, Mid-Sized, SME)) - Global Forecast to 2026"
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Based on service offering, the corporate wellness solutions market is segmented into nutrition and weight management, health risk assessment, fitness services, smoking cessation, biometric screening, alcohol/substance abuse services, health education services, virtual consultation/virtual care, mental/behavioral health management, employee assistance programs, and health benefits programs.
Virtual Care/Consultation Services is expected to witness the fastest growth in the corporate wellness solutions market, in the forecast period.
In 2020, the Virtual Care/Consultation Services segment accounted for the largest share of the corporate wellness solutions market. The large share of this segment can be attributed to the utility of this service for early identification and mitigation health risks in employees, to reduce absenteeism due to health conditions, and lower healthcare costs.
large organizations segment by End-user accounted for the largest share of the corporate wellness solutions market.
Based on end user, the corporate wellness solutions market is segmented into large organizations, mid-sized organization, and small-sized organizations. In 2020, the large organizations segment accounted for the largest share of the corporate wellness solutions market. The large share of this segment can be attributed to high consumption of workplace wellness programs by these organizations, and favorable incentivization for employee participation in corporate wellness programs.
North America holds the largest share in the corporate wellness solutions market, by region, in the forecast period
The corporate wellness solutions market is segmented into North America, Europe, Asia Pacific, and Rest of the World. APAC to grow at the highest CAGR in the corporate wellness solutions market during the forecast period. The major factors driving the growth of the Asia Pacific corporate wellness solutions market include increasing awareness of the benefits of corporate wellness solutions, favorable regulations, the growing working population, the high prevalence of chronic diseases such as diabetes, and high tobacco consumption.
Prominent players in the corporate wellness solutions market include ComPsych Corporation (US), LifeWorks, Inc. (Canada), UnitedHealth Group (Optum) (US), Anthem, Inc. (US), Workplace Options (US), Cerner Corporation (US), Centene Corporation (US), TELUS (Canada), Cleveland Clinic (US), Wellright (US), Virgin Group Ltd. (US), CVS Health Corporation (US), Alphabet Inc. (Fitbit) (US), Discovery Limited (Vitality Group) (South Africa), EXOS (US), Laboratory Corporation of American Holdings (US), Sharecare (US), Gilsbar (US), Medcan Clinic (Canada), Limeade (US), Aduro, Inc. (US), TotalWellness (US), Wellsteps (US), Corporate Fitness Works (US), and WellWorks For You (US).
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