Albany, NY -- (SBWire) -- 11/02/2018 --ResearchMoz.us has announced the addition of a new market intelligence report, titled "Global Corporate Wellness Market Size, Status and Forecast 2018-2025". The in-depth study on the global corporate wellness market offers a detailed assessment of the key growth drivers and constraints, prominent trends, and the prevailing competitive dynamics of the market in various regions. The study takes a critical look at the current and emerging opportunities and offers insights into the application avenues in companies of varying sizes.
The global drive for corporate wellness stemmed from the need for assessing the health risks and fitness of employees, with an aim to manage their healthcare expenditures and to ensure a more productive and healthy workplace. The focus of employees to progressively reduce the cost of hospitalization and insurance on one hand and reduce absenteeism from work on the other hand are factors that potentially drive the expansion of the corporate wellness market. The global market is projected to witness several promising prospects across end users and applications during the assessment period of 2018–2025.
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Under corporate wellness programs, multiple aspects of health of employees pertaining to the outcome and screening are rising in significance. These programs embody a wide range of services, the key of which are nutrition and weight management, fitness services, smoking cessation, alcohol and drug rehab, health education services, and stress management. The growing demand for these programs to reduce hospital stays and visits to healthcare specialists is boosting the market. The rising concern of obesity owing to sedentary lifestyles in the corporate sector has propelled employers to give more attention to employees' wellness programs, especially in developing and developed nations.
A staggering rise in workforce participation in the private sector in various parts of the world is a notable factor expected to impart large growth momentum to the corporate wellness programs. The growing number of white-collar employees, coupled with the rising awareness about their health, is bolstering the need for corporate wellness. The need for stress management in the workforce to maintain a positive work life balance is also favoring the growth of the corporate wellness market.
The rising popularity of preventive care to improve health outcomes has also fueled the expansion of the corporate wellness market. In developed nations, company-wide employee-centric healthcare campaigns are gathering steam among employees and employers. This is likely to underpin new, exciting avenues in the market.
The advent of new, innovative delivery models of corporate wellness programs in large-scale companies has opened up vast lucrative opportunities that market players can capitalize on in the coming years. The market is also likely to benefit from the growing engagement of fitness and nutrition consultants in the corporate sector.
Some of the prominent players operating in the corporate wellness market are Bupa Wellness Pty Ltd., ConneXions Asia, Sodexo, SOL Wellness, Truworth Wellness, JLT Australia (Recovre Group), Optum, Inc., ComPsych Corporation, and Central Corporate Wellness.
Substantial Need to Improve Health Outcomes to Bolster Corporate Wellness Programs World Over