The latest market report published by Credence Research, Inc. “Global US Corporate Wellness Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The US Corporate Wellness Market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 4.20% between 2022 and 2030. The market was valued at USD 18.1 billion in 2022 and is expected to reach USD 24.14 billion in 2030.
The market is segmented by service, end user, category, and delivery model, with health risk management services proving to be a dominant segment. Large-scale organizations, due to their resources, currently dominate the end-user segment. Higher Return on Investment (ROI) and reduced healthcare costs are among the key factors propelling market growth. Further, legal and regulatory incentives like tax benefits for organizations investing in wellness programs present a significant growth opportunity.
Despite the promising outlook, the market faces challenges, including the high cost of wellness programs and budget constraints, particularly for small and medium-sized enterprises.
In terms of market players, the US Corporate Wellness Market is highly competitive, featuring key players like ComPsych, Wellness Corporate Solutions, Virgin Pulse, EXOS, Marino Wellness, Privia Health, Vitality, Wellsource, Inc., and Sonic Boom Wellness. These organizations continue to innovate, bringing new programs and solutions to the market, contributing to market growth.
US Corporate Wellness Market Drivers refer to the factors that propel growth and development in the corporate wellness market within the United States. These drivers encompass a multitude of elements, including increasing healthcare costs, rising employee health concerns, evolving government regulations, and a growing emphasis on employee well-being. Firstly, with healthcare expenses continuously skyrocketing, companies are actively seeking ways to mitigate these costs by investing in preventive measures through their corporate wellness programs. This investment not only improves employees’ overall health but also reduces absenteeism, increases productivity levels, and lowers insurance premiums for employers.
Innovations in technology, like wearables, mobile apps, artificial intelligence, and data analytics, are expected to further drive growth, enabling personalized wellness interventions and real-time feedback.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global US Corporate Wellness Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global US Corporate Wellness Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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