Corporate Wellness Market To Be A 12.56 Billion Dollar Industry By 2024

By | August 31, 2018

The global corporate wellness market was valued at USD 5.76 billion in 2016 and is predicted to expand at a growing CAGR of 5.36% from 2017 to 2024, to reach an estimated value of USD 12.56 billion by 2024, according to the Goldstein Research Analysts.

Analysts predicted that programs within North America and Europe are likely to post the highest revenue, due to high health care expenditures and the availability of a wide range of providers of corporate wellness services. Various organizations across the globe have initiating wellness programs for disease prevention and productivity improvement.

Harvard economists concluded, absenteeism costs to fall by USD 2.73 for every dollar spent on wellness programs that will encourage the employees to adopt a healthier lifestyle to improve their productivity & life quality. Government support, favorable rules and regulations and presence of service providers tends to have a positive impact on the corporate wellness market in APAC in the near future.

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Market Segmentation

On the basis of our in-depth analysis, Global Corporate Wellness Market can be segmented as follows:

On the basis of Solution Type

  • Reducing Healthcare Costs
  • Improve Business Performances
  • Build a Great Company Culture
  • Integrate & Optimize Benefits and HR Investments

By Path

  • Personalized
  • Daily Use

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)} }
  • Rest of the World {Market Share (%), Market Size (USD Billion), Product Sale (Million Unit)}

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The Report “Global Corporate Wellness Market Analysis: By Solution Type (Reducing Healthcare Costs, Improve Business Performances, Build a Great Company Culture and Integrate & Optimize Benefits and HR Investments); By Path (Personalized & Daily Use); By End User (Small Scale Organizations, Medium Scale Organizations, Large Scale Organizations) & Geography – Forecast (2016-2024)”, published by Goldstein Research, estimates the market to reach USD 12.56 billion by 2024.

The report is based on primary and secondary research which includes data collection through surveys, interviews of market professionals, industry consultants and various databases.

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