DUBLIN–(BUSINESS WIRE)–The “U.S. Corporate Wellness Market Size, Share & Trends Analysis Report by Service (Health Risk Assessment, Fitness), by End Use, by Category, by Delivery Model (Onsite, Offsite), by Region, and Segment Forecasts, 2022-2030” report has been added to ResearchAndMarkets.com’s offering.
The U.S. corporate wellness market size is expected to reach USD 25.0 billion by 2030, expanding at a CAGR of 3.77%.
Increasing awareness regarding the wellness services at the workplace, high Return on Investment (ROI), and reduction in expenditure on employee healthcare costs are some of the factors driving the market growth.
The increasing awareness regarding the benefits of wellness services in reducing the cost of absenteeism due to loss of productivity is encouraging employers to adopt corporate wellness services. In 2019, the Centers for Disease Control and Prevention (CDC) reported that around 30% of employers offered a wellness program for addressing sedentary behavior, fitness, or physical activity. It also stated that approximately 19% and 17% of employers offered programs, including tobacco cessation and obesity or weight management, respectively.
The service providers are undertaking research and development activities to provide innovative solutions to offer better employee service. Moreover, they are engaging in partnerships and mergers & acquisitions to strengthen their market presence. For instance, in January 2018, Virgin Pulse, digital employee health, wellbeing, and engagement solutions provider, acquired Preventure, a Coventry-based corporate wellness provider. The acquisition will provide Preventure customers access to software solutions and increase Virgin Pulse clientele.
The COVID-19 pandemic is creating a feeling of isolation among employees and financial insecurity, which is affecting their mental health. Wellness providers are adopting various measures, such as guiding tackling the financial crisis, virtual access to physicians and psychologists, and programs to engage employees in wellness activities, to promote and maintain their health.
U.S. Corporate Wellness Market Report Highlights
Market Variables, Trends & Scope
Market Driver Analysis
Market Restraint Analysis
U.S. Corporate Wellness Market: Business Environment Analysis Tools
COVID-19 Impact Analysis
Competitive Analysis
For more information about this report visit https://www.researchandmarkets.com/r/yujh0a
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
