Workplace Wellness Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5608 Status : Upcoming

Description

Global Workplace Wellness Market: Overview

Workplace wellness programs are slowly gaining popularity as more and more organizations are focusing on making their employees’ physical health a priority. This keeps the workforce energetic throughout the day and also helps in improving productivity and output. The COVID-19 pandemic has reinforced the importance of the physical wellbeing of people of all ages. Very recently, workplace wellness programs have gained momentum due to this emphasis on health and wellbeing.

These workplace wellness programs comprise of various sets of policies & insurances, fitness activities, social activities, team-building activities, smoking cessations programs, paramedical services, on-site fitness centers, healthy & conscious diet plans, wellness adventures, and yoga classes. These workplace wellness programs help the workforce to adapt to a healthier lifestyle, increase productivity in the office, and ramp up their overall quality of life.

Global Workplace Wellness Market: Growth Factors

Surging occurrences of chronic conditions and awareness among people about the many advantages of workplace wellness plans are the two key factors steering the expansion of the global workplace wellness market. Government initiatives and policies are targeting to improve the mental and physical wellbeing. Various organizations are adopting office gyms and healthcare centers with certified fitness coaches. This is proving to be advantageous for the global workplace wellness market.

The requirement of heavy investments towards the equipment and other components of a wellness program that is incurred by the respective establishment is a factor predicted to hamper the expansion of the market. Moreover, the WFH (work-from-home) culture has significantly reduced the number of employees. Establishments are dismissing extra workforce in order to reduce their expenses. These factors have affected the global workplace wellness market in a negative manner. The emergence of the system of remote working has further lowered the requirement of workplace wellness programs.

However, telemedicine is acquiring more attention due to the work-from-home trend. Telemedicine enables the employees to care for their health even when they are working remotely. COVID-19 pandemic has substantially increased the mental stress of overall workforce, hence critically affecting the mental health of the employees. Government-lead wellness programs alongside insurance companies have been providing online consultation through telemedicine. Additionally, due to physical distancing and other lockdown restrictions by the governments, utilization of telemedicine in these trying times has drastically surged.

The utilization of these programs assists in diagnosing various disorders. Health management programs are being implemented which is helping keep a check on optimum functioning of an individual, lessening the expenses on treatments, and encouraging prevention of diseases by adopting healthier lifestyles.

Global Workplace Wellness Market: Segmentation

The global workplace wellness market has been segregated based on end-use, category, service, delivery model, and region. On the basis of end-use, the market can be divided as small scale organizations, medium scale organizations, and large scale organizations. By category, the global workplace wellness market has been bifurcated into psychological therapists, fitness & nutrition consultants, and employers. Based on service, the market can be segmented as fitness, health screening, smoking cessation, health risk assessment, stress management, nutrition & weight management, and others. By delivery model, the global workplace wellness market can be classified as onsite and offsite.

Global Workplace Wellness Market: Regional Analysis

North America accounts for a huge share in the global workplace wellness market due to the presence of large companies. This is because larger organizations offer more sophisticated wellness programs to their employees. The growing awareness about mental & physical wellbeing among the people and the multiple benefits associated with workplace wellness programs are further driving the market expansion in the region.

The regional market for workplace wellness in Asia Pacific is predicted to drastically improve in the upcoming times owing to the surge in the number of employees in the region and the growing awareness and importance of physical and mental health management among the youth. Also, the inclination of youth towards living a healthier lifestyle and the rising popularity of fitness influencers and their lifestyles is playing a pivotal in the development of the global workplace wellness market.

Global Workplace Wellness Market: Competitive Players

Several of the established companies are focusing on expanding their portfolios to be able to meet the requirements of the surging number of establishments and the rising demand of workplace wellness programs. The key players operating in the global market for workplace wellness are Virgin Pulse, Marino Wellness, SOL Wellness, Fitbit, Inc., Well Nation, EXOS, ComPsych, Privia Health, and ADURO, INC.

Global Workplace Wellness Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content


Frequently Asked Questions

Surging occurrences of chronic conditions and awareness among people about the many advantages of workplace wellness plans are the two key factors steering the expansion of the global workplace wellness market. More and more government initiatives and policies are targeting to improve the mental and physical wellbeing, and also various organizations are adopting office gyms and healthcare centers with certified fitness coaches.   

The key players operating in the global market for workplace wellness are Virgin Pulse, Marino Wellness, SOL Wellness, Fitbit, Inc., Well Nation, EXOS, ComPsych, Privia Health, and ADURO, INC.

The regional market for workplace wellness in Asia Pacific is predicted to drastically improve in the upcoming times owing to the surge in the number of employees in the region, and the growing awareness and importance of physical and mental health management among the youth.

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