Global Corporate Wellness Market: By Delivery Model (Onsite, Offsite), By Program Type (Nutrition and Weight Management, Stress Management, Smoking Cessation, Fitness Services, Health Education Services, Health Risk Assessment, Health Screening, Others), By End User (Private Sector Businesses, Public Sector Businesses, Non-Profit Organizations, Others), and Geography.

 

The global corporate wellness market size was valued at USD 53.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2027. Corporate wellness programs are designed to encourage and support the wellness in employees by creating organizational culture of health. Corporate wellness programs consist of various activities such as health education, weight management programs, medical screenings, and on-site fitness programs. Corporate wellness programs found in corporate offices, small and large corporations, and factories among others. Many firms and enterprises across a variety of industry verticals have begun to develop health-related programmes for their employees, boosting market demand. Workplace wellness programmes assist businesses in increasing productivity while lowering overall operating costs. The market for corporate wellness is predicted to grow as people become more aware of their own health and well-being. Corporate wellness programmes are a collection of policies, programmes, and perks that target a variety of risk factors and conditions while influencing both employees and the firm as a whole. Furthermore, the pandemic wreaked havoc on the economy, resulting in a financial crisis for many people, which had a negative impact on their mental health. Wellness service providers are using virtual ways to give services such as sessions with psychologists and health coaches to combat the problem.