Product ID: SQMIG35G2232
Report ID:
SQMIG35G2232 |
Region:
Global |
Published Date: July, 2001
Pages:
165
|
Tables:
103 |
Figures:
76
Global Corporate Wellness Market size was valued at USD 52.78 billion in 2019 and is poised to grow from USD 55.1 billion in 2023 to USD 74.9 billion by 2031, growing at a CAGR of 4.47% in the forecast period (2024-2031).
Numerous companies and firms across numerous industry sectors have begun adopting health programmes for their staff, which will further increase demand. Workplace wellness initiatives assist businesses in increasing productivity while lowering overall operating expenses. The market for corporate wellness is anticipated to grow as people become more conscious of the importance of employee health and happiness.
Programs that target various risk factors and conditions and have an impact on both employees and the entire firm make up corporate wellness initiatives. The National Center for Chronic Disease Prevention and Health Promotion (NCCDPHP) asserts that corporate wellness and health promotion initiatives and the provision of disease prevention plans have the potential to significantly lower healthcare costs by influencing more than 150 million American workers.
In the upcoming years, it is anticipated that the overall expenditures associated with lost productivity owing to illness-related absenteeism will surpass USD 150 billion. Increased insurance expenses as a result of the growing number of obese and overweight people place a financial burden on companies.
Market Segmental Analysis
US Corporate Wellness Market is poised to grow at a sustainable CAGR for the next forecast year.
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REQUEST FREE CUSTOMIZATIONGlobal Corporate Wellness Market size was valued at USD 52.78 billion in 2019 and is poised to grow from USD 55.1 billion in 2023 to USD 74.9 billion by 2031, growing at a CAGR of 4.47% in the forecast period (2024-2031).
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Product ID: SQMIG35G2232