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Workplace Wellness Market in COVID-19: Implications and Opportunities for Growth in all regions

The workplace health market size is expected to reach $74 billion by 2026, with a CAGR of 6.1% from 2019 to 2026.

Workplace health includes employers’ approaches to improving employee health, such as company-sponsored exercise programs, weight loss plans, training seminars, smoking cessation programs, and health screenings. The plan is designed to help employees maintain a healthy lifestyle, lose weight and improve overall physical health. Wellness programs also include financial incentives for employees such as health insurance premium cuts or gift cards.

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The rapid growth of chronic disease outbreaks and optimal return on investment are key drivers of market growth in the workplace health market. It also promotes the growth of the workplace health market by raising awareness about employers maintaining a balanced life and implementing health programs. However, it is expected that the company will be enormously costly to adopt a work welfare plan, which will hinder market growth. It is also expected to create profitable opportunities in the near future, with an emphasis on economic development to improve employee health in the public and private sectors.

Workplace health is categorized by type and end user. The types are divided into weight management and fitness services, nutrition and diet planning, stress management services, health checkups and assessments, and smoking cessation. Based on end users, they are categorized into small private organizations, medium private organizations, large private organizations, public sector and NGOs. It is analyzed in North America, Europe, Asia Pacific and LAMEA by region.

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The main results of the study:
• By type, the health screening and evaluation sector accounted for the highest market share of 31% in 2018.
• By type, the stress management sector is expected to grow at the fastest growth rate during the forecast period.
• By region, North America was a major shareholder, with the largest share of 48% in 2018.
• The Asia Pacific region by region is expected to grow by an average of 8.2% per annum during the forecast period.
• End users are expected to have a large private organization segment dominating the market in 2018 and are expected to maintain their lead over the forecast period.

Comprehensive competitive analysis and profiles of key market players such as Wellness Workplace Solutions, ComPsych, FitLinxx, HealthifyMe, Truworth Wellness, Central Workplace Wellness, Marino Wellness, Privia Health and Wellsource are provided in this report. Other key players not included in the report include Sonic Boom Wellness, Zeel, WellSteps, Kinema Fitness, Premise Health, and TotalWellness Health.

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Understanding COVID-19’s Positive impact on the Workplace Wellness Market

The size of the workplace wellness market is expected to reach $74 billion by 2026 with a CAGR of 6.1% from 2019 to 2026.

Workplace health includes employers’ approaches to improving employee health, including company-sponsored exercise programs, weight loss plans, educational seminars, smoking cessation programs, and health checks. These plans are designed to help employees maintain a healthy lifestyle, lose weight and improve their overall physical health. The wellness program also includes financial incentives for employees, such as health insurance discounts and gift cards.

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Rapid outbreaks of chronic illness and optimal return on investment are key drivers of market growth in the workplace health market. In addition, employers will be more aware of maintaining a balanced work life and implementing wellness programs, which will accelerate the growth of the workplace wellness market. However, the sheer cost of companies to adopt workplace wellness plans is likely to hinder market growth. Moreover, the focus on public and private sector development of the economy towards improving employee health is projected to create lucrative opportunities in the near future.

Workplace health is categorized based on type and end user. By type, there are weight management and fitness services, nutrition and diet planning, stress management services, medical examinations and medical examinations, and smoking cessation. They are categorized into small private sector, medium private sector, large private sector, public sector and NGO based on end users. By region, it is analyzed across North America, Europe, Asia Pacific and LAMEA.

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Main results of the survey:
• By type, the 2018 Health Screening and Valuation segment has the highest market share of 31%.
• By type, the stress management segment is expected to grow at the fastest rate during the forecast period.
• By region, North America was the main shareholder with a top share of 48% in 2018.
• By region, the Asia Pacific segment is expected to grow at a CAGR of 8.2% during the forecast period.
• By end user, a large private sector segment will dominate the market in 2018 and is expected to remain dominant during the forecast period.

This report provides a comprehensive competitive analysis and profile of key market players such as Wellness Workplace Solutions, ComPsych, FitLinxx, HealthifyMe, Truworth Wellness, Central Workplace Wellness, Marino Wellness, Privia Health and Wellsource. Other key players not included in the report are Sonic Boom Wellness, Zeal, Wellstep, Kinema Fitness, Premise Health and Total Wellness Health.

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Workplace Wellness Market Estimate to Boost Growth in Demand by 2026 with Top Key Players: Wellness Workplace Solutions, ComPsych, FitLinxx, HealthifyMe

The global workplace wellness market was valued at $46.08 billion 2018 and is expected to reach $74.00 billion by 2026, registering a CAGR of 6.1% from 2019 to 2026. Workplace wellness programs are executed by the employers for managing the overall health issues of their employees and includes programs, policies, and others These worksite health programs are now becoming an important part that combines individual and organizational level strategies and interventions to influence health. The wellness program approaches certain policies and interferences that address multiple risk factors and health conditions and plan strategies that may influence multiple organization levels including individual employee behavior change, organizational culture, and worksite environment.

Some of the key players of Workplace Wellness Market:
Wellness Workplace Solutions, ComPsych, FitLinxx, HealthifyMe, Truworth Wellness, Central Workplace Wellness, Marino Wellness, Privia Health, Wellsource

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Workplace Wellness Market report provides in-depth statistics and analysis available on the market status of the Workplace Wellness key players and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Workplace Wellness market. It contains the analysis of drivers, challenges, and restraints impacting the industry.

Type Segmentation:
Weight Management & Fitness Services, Smoking Cessation Nutrition and Dietary Plan, Stress Management Services, and Health Screening

End User Segmentation:
Small-Size Private Organizations, Mid-Size Private Organizations, Large-Size Private Organizations, Public Sector, and Non-Governmental Organizations

Major Regions play vital role in Workplace Wellness market are:
North America, Europe, China, Japan, Middle East & Africa, India, South America, Others

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What the report features:-

  1. Global analysis of Workplace Wellness Market from 2020 – 2026 illustrating the progression of the market.
  2. Forecast and analysis of Workplace Wellness Market by Dosage, Route of Administration and Application from 2020 – 2026.
  3. Forecast and analysis of Workplace Wellness Market in five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America.

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Workplace Wellness Market Size
2.2 Workplace Wellness Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Workplace Wellness Market Size by Manufacturers
3.2 Workplace Wellness Key Players Head office and Area Served
3.3 Key Players Workplace Wellness Product/Solution/Service
3.4 Date of Enter into Workplace Wellness Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Workplace Wellness Sales by Product
4.2 Global Workplace Wellness Revenue by Product
4.3 Workplace Wellness Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Workplace Wellness Breakdown Data by End User

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