Corporate Wellness: Health Risk Assessment Continues to Dominate Industry

Posted by Deeksha on October 17th, 2019

The global market for corporate wellness has been growing exponentially in the past few years. The key factors behind the rise of the industry include increasingly sedentary lifestyle habits, mental and physical stress, increasing incidences of chronic ailments, and the lack of exercise. These insights are according to the intelligence report, titled, “Global Corporate Wellness Market (2018-2023)” which has been freshly added to Market Research Hub’s (MRH) over-arching repository. Despite its advantages, only around 10 per cent of all corporate organizations have set up a facility for such programs, creating substantial potential for growth in the industry.

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Organizations from around the world are focusing on using such wellness programs to help employees to keep up with good health standards. Corporate wellness programs include a number of facilities such as access to health clubs, gym services, healthy edibles, and complementary health checkups.

Companies are preferring to invest in corporate wellness programs with the aim of boosting the productivity rates of employees, cut down on health care costs for the organization, and reduce absenteeism as well.

Some of the major participants in the industry include Vitality, Marino Wellness, Provant, Exos, Virgin Pulse, Wellness Corporate Solutions, Fitbit, Kinema Fitness, WorkStride, and Premise Health among others.

Health and fitness programs, health risk assessments, employee assistance programs, and health coaching and consultation are key services given in the industry. Of these health risk assessments are expected to hold control over major market share in the near future.

With the increasing rate of obesity, and lifestyle diseases such as diabetes becoming very common, the number of people with health issues is expected to hit corporate organizations hard. Consequently, companies are now realizing that they would rather invest in initiatives of wellness instead of losing out on valuable employees in their workforce suffering from chronic conditions. 

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Corporate wellness: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on corporate wellness industry. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the corporate wellness market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on corporate wellness industry.

An insightful and deep-dive assessment of the competitive assessment of the corporate wellness industry pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in corporate wellness. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Corporate wellness: Research Methodology

Primary sources and secondary sources propel intelligence report on corporate wellness that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.