Corporate Wellness Market Share, Development and Demand Forecast Report 2030

The total revenue generated by the corporate wellness industry will grow at a rate in the years to come, and reach to USD 99,147.6 million by 2030, as stated by a market research institution, P&S Intelligence.

The key factors accountable for the development of the industry include the snowballing focus on health and wellbeing, staffs in quest of wellness perks from corporations, and expanding occurrence of chronic diseases.

The health risk assessment category dominated the market in the past, on the basis of service type. This was primarily as a result of health risk assessment being the key screening process employed in nearly all the corporates, in agreement with mandates of the government.

Large-scale organizations led the market in the past, on the basis of end user. This is credited to a large count of employees in and high budgets of large-scale establishments. Accordingly, these organizations frequently offer exhaustive healthcare schemes and programs for staffs.

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North America dominated the corporate wellness industry in the past. This had a lot to do with the increasing incidence of cardiovascular ailments as a result of an inactive lifestyle, in addition to poor nutrition. Employers are conscious of this, which is why they are progressively executing wellness programs, therefore driving the growth of the industry.

As per the WHO, over 1.9 billion people aged 18 and above were overweight in 2016, with more than 650 million obese. Physical inactivity has increased because of the inactive lifestyle, altering forms of transport, and increasing rate of urbanization.

With a study published by the     NLM under the NIH of the U.S., 1 out of every 3 persons all over the world suffers from a number of chronic illnesses. Moreover, youths’ increasing consciousness on wellbeing is boosting the progress of the industry.

Increase in the prevalence of chronic diseases all over the world is one of the prime reasons for the booming demand for corporate wellness solutions.