In-depth analysis and data-driven insights on the impact of COVID-19 included in this US corporate wellness market report.
The US corporate wellness market is expected to grow at a CAGR of over 9% during the period 2020−2026.
Key Highlights Offered in the Report:
Key Offerings:
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US Corporate Wellness Market – Segmentation
US Corporate Wellness Market by Programs
US Corporate Wellness Market by End-user
US Corporate Wellness Market by Revenue Model
US Corporate Wellness Market by Delivery Model
US Corporate Wellness Market by Incentive Program
US Corporate Wellness Market by Type
US Corporate Wellness Market by Industry
US Corporate Wellness Market – Dynamics
Companies are collating the massive amount of qualitative and quantitative data from these sources to build tailored programs, thereby causing a paradigm shift in terms of how employers and employees look at health and wellness. Companies such as Georgia Pacific, Autodesk, and NetApp are making use of mobile applications, wearable devices, and employee-submitted data to follow the health of their employees. Some companies are also monitoring functions such as body temperature, heart rate, eating habits, sleep patterns, and overall movement in real time and putting them together in monthly reports that employees can access and be provided with relevant and specific medical information through internal portals. Many of these employers who adopted this practice early have reported that their employees helped lower their blood pressure or lose weight within six months of incorporating. The data gathered can also be used in medical studies and enable employers to cut down on their healthcare budgets.
Key Drivers and Trends fueling Market Growth:
US Corporate Wellness Market – Geography
The US business landscape has been at an intersection where companies are doing well, but employees are going through epidemic levels of stress and depression due to more responsibilities, dwindling workforce, toxic office environment, and culture. Unhealthy lifestyles that constitute inactivity, smoking, and bad nutrition is spiraling healthcare costs out of control. The long-term impact of these issues on the quality of life and performance of employees is significant. This, along with the colossal healthcare costs in the US, has warranted the need for corporate wellness programs to sustain a thriving standard of high-quality life. The leading drivers for health and wellness programs in the US are the need for healthy eating, exercise, high prevalence of obesity, and reduction of insurance and healthcare costs. Corporate profits that recorded an uptick after a long period of sluggish growth, is also fueling the adoption of wellness programs. This puts employees in a better place in terms of being able to allocate budgets for corporate wellness programs. Therefore, the corporate wellness market in the US is expected to witness growth during the forecast period.
US Corporate Wellness Market by Geography
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