DUBLIN--(BUSINESS WIRE)--The "Corporate Wellness Market in US - Industry Outlook and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
This market research report on corporate wellness market in US offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis.
The market study also includes insights on segmentation by delivery model (onsite and offsite), by program (HRA, nutrition and weight management, smoking cessation, fitness services, alcohol and drug rehab, stress management, health education services, and others), by end-user (large private sector businesses, medium private sector businesses, public sector companies, small private sector businesses, non-profit organizations), and by revenue model (recurring revenues and seasonal revenues).
Corporate Wellness Market in US - Overview
The growing requirement for healthy eating habits, exercise, the high prevalence of obesity, and reduction of insurance and healthcare costs are some of the major factors driving the growth of the corporate wellness market in US. The increasing focus on work-life balance and implementation of company-wide employee-centric healthcare campaigns that offer lifestyle coaching and benefits will revolutionize the corporate wellness market in the region.
The leading vendors are leveraging digital technology to host virtual screenings and give information through company portals to attract more consumers and gain a larger market share. Financial wellness programs are gaining immense popularity in the US market. These programs are designed to offer resources and tools that provide support to the employees. The financial programs part of the corporate wellness programs offers debt management tools, financial counseling, mortgages, income protection, student loan counseling, budgeting education, and repayment assistance.
The prominent players are launching integrated programs that provide information on health assessment, goal setting, and performance tracking. These platforms can be monitored from tied in apps, and it offers a comprehensive snapshot of the effectiveness of the program at an employee level. The introduction of such platforms will promote the growth of the corporate wellness market in US generating revenues of over $13 billion by 2023 and is expected to grow at a CAGR of more than 8% during the forecast period.
Key Vendor Analysis
The corporate wellness market in US is highly fragmented, and the leading four players account for less than 15% of the total market share. Majority of the companies in the market specialize in offering a limited number of programs to cater to a specific end-user segment.
The entry of a number of external players to offer in-house services to large businesses by offering memberships on discount will help them gain a larger market share in the corporate wellness market in US. The leading players are offering wellness portals, wellness management services, and incentive programs to sustain the competition in the market and attract a large number of consumers.
The major vendors in the US market are:
- Compsych
- Wellness Corporate Solutions
- Virgin Pulse
- Provant Health Solutions
Other prominent vendors include:
- Beacon Health Options
- Ceridian
- Exos
- Marino Wellness
- OptumHealth
- Privia Health
- The Vitality Group
- Wellsource
- Wisdom Works Group
- WorkStride
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Report Coverage
5 Report Assumptions & Caveats
6 Market at a Glance
7 Introduction
8 Overview Of Corporate Wellness
9 Market Dynamics
10 Corporate Wellness Market in the US
11 Corporate Wellness in The US By programs
12 Corporate Wellness In The US By End-User
13 Corporate Wellness In The US By Revenue Model
14 Corporate Wellness In The US By Delivery Model
15 Competitive Landscape
16 Market Vendor Analysis
17 Key Company Profiles
18 Other Prominent Vendors
19 Report Summary
20 Appendix
For more information about this report visit https://www.researchandmarkets.com/research/2m7vcz/corporate?w=4
