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Global Corporate Wellness Industry Report 2024: Merger and Acquisition Activity Symbolizes Market Maturity and Expansion

Research and Markets
·3-min read
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Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Corporate Wellness Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

Corporate Wellness Global Market Report 2024 provides an extensive analysis of the industry's current state and future market projections. The report meticulously covers key categories of corporate wellness services, highlighting areas such as health risk assessment, fitness, and nutrition programs, stress management, and an array of supportive health services.

The corporate wellness market is witnessing unprecedented growth, driven by a heightened focus on employee well-being and productivity. As the industry evolves, our report indicates a significant growth trajectory from $65.14 billion in 2023 to an expected $95.78 billion by 2028, with a steady CAGR of 8.2%.

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Chronic Illnesses and Rising Healthcare Costs Propel Market Expansion

A pivotal driver of this market upswing is the increased prevalence of chronic illnesses among corporate workers, which has underscored the need for comprehensive workplace wellness programs. In conjunction with soaring healthcare costs, companies are investing in these programs to alleviate long-term medical expenses and promote healthier workforces.

Technological Advancements Are Revolutionizing Corporate Wellness

Technological innovation is at the forefront of this market's evolution, with leading firms like Virgin Pulse and WELL Health Technologies Corp. introducing cutting-edge solutions that are reshaping personalized wellness programs.
The increased adoption of advanced preventative care initiatives and integration of artificial intelligence technologies signifies the progress and adaptability within the corporate wellness landscape.

Merger and Acquisition Activity Symbolizes Market Maturity and Expansion

Noteworthy transactions, such as the Telus Corporation's acquisition of LifeWorks Inc., highlight the globalization of the corporate wellness industry and its expansive reach across international markets, catering to the health and well-being of a diverse global population.

Regional Insight: North America Leads While Asia-Pacific Emerges as Fastest Growing Market

With North America standing as the leading region in corporate wellness in 2023, the report also underscores the rapid growth anticipated in the Asia-Pacific market. This pivot towards the Asia-Pacific region is indicative of the increasing awareness and adoption of wellness programs in emerging economies.

Comprehensive Analysis of the Corporate Wellness Industry's Future

  • In-depth analysis of corporate wellness market statistics and future scenarios

  • Identifies key market players including ComPsych Corporation, Virgin Pulse Inc., and Telus Corporation

  • Geographic analysis spanning Asia-Pacific, North America, and other key regions

  • Explores a wide array of wellness programs, addressing remote work challenges, and emphasizing ROI

  • Details the impact of chronic illnesses and healthcare costs on market dynamics

  • Examines innovative technologies and strategies set to shape the industry landscape

A selection of companies mentioned in this report includes

  • ComPsych Corporation

  • Wellness Corporate Solutions LLC

  • Virgin Pulse Inc.

  • Provant Health Solutions LLC

  • Exos

  • Marino Wellness

  • Privia Health Group Inc.

  • Vitality Group International Inc.

  • Wellsource Inc.

  • Central Corporate Wellness

  • SOL Wellness LLC

  • Well Nation

  • Aduro Inc.

  • Beacon Health Options Inc.

  • Fitbit Inc.

  • Bupa Wellness Pty Ltd.

  • The Vitality Group Inc.

  • Truworth Health Technologies Pvt. Ltd.

  • Sodexo Group

  • Quest Diagnostics Incorporated

  • 1to1help.net Pvt. Ltd.

  • CHC Wellbeing lnc.

  • Wellness 360 Technologies Inc.

  • Premise Health

  • Kinema Fitness lnc.

  • Health Advocate Inc.

  • Onlife Health

  • TotalWellness Health

  • HealthCheck360

  • RedBrick Health

  • Corporate Fitness Works Inc.

For more information about this report visit https://www.researchandmarkets.com/r/kbyswv

About ResearchAndMarkets.com
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