United States Corporate Wellness Markets, 2021-2022 & 2027 - Growth in Individualized Self-Care, Use of Technology to Improve Outcomes, Growing Role of Wellness Champions

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Apr 01, 2022, 14:45 ET

DUBLIN, April 1, 2022 /PRNewswire/ -- The "U.S. Corporate Wellness Market - Industry Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. Corporate Wellness Market Report

The corporate wellness market in US is expected to grow at a CAGR of 12.27% during 2022-2027.

U.S. CORPORATE WELLNESS MARKET SEGMENTATION

The health & risk assessment (HRA) program accounted for highest share in the market in 2021. However, demand for financial wellness programs is expected to witness highest CAGR during the forecast period owing to rising focus on savings investments in the US post COVID-19 pandemic.

Onsite model accounted for highest share in the US corporate wellness market in 2021. Larger companies are more likely to offer onsite services as they have access to more resources in terms of budgets, space, and personnel, unlike smaller companies that typically outsource them.

The media and technology industry accounted for over 18% share in the US corporate wellness market in 2021 and is anticipated to witness substantial growth during forecast period.

VENDOR LANDSCAPE

The US corporate wellness market witnesses moderate to high competition as it is an extremely fragmented market. However, many of these players operate in specific niches, driving down the intensity of competition.

However, vendors try to break price-based competition by relying upon value-added sales offerings that not only offer them a competitive advantage but potentially offer them better margins.

GEOGRAPHICAL ANALYSIS

In 2021, the Southern region accounted for highest share of the US corporate wellness market with majority of demand coming from states including Texas, Florida, Virginia, Georgia, and others.

MARKET OPPORTUNITIES AND TRENDS

Growing Role of Wellness Champions
Data Analytics Increasingly Powering Wellness
Use Of Technology to Improve Outcomes
Extension Of Wellness Programs to Families
Mental & Physical Health Awareness on social media

Key Vendors

Compsych
Wellness Corporate Solutions
Virgin Pulse
Provant Health Solutions

Other Prominent Vendors

Active Wellness
Aduro
Alyfe Wellbeing Strategies
American Specialty Health
Aquila
AYCO
Bank of America Merill Lynch
BaySport
Beacon Health Options
Best Money Moves
Brightdime
Brightside
BSDI
Castlight Health
Ceridian
Corporate Fitness Works
DHS Group
Edukate
Elite Wellness
Enrich
Even
EXOS
Financial Fitness Group
Financial Knowledge
FlexWage
HealthCheck360
HealthFitness
HealthTrax
Holberg Financial
Health Advocate
Integrated Wellness Partners
Karelia Health
Kersh Health
Kinema Fitness
LearnLux
LifeCents
LifeDojo
LifeStart
Limeade
LIVunLtd
Marino Wellness
Marathon Health
Mercer
NIFS
Money Starts Here
My Secure Advantage
The National Institute for Fitness and Sport (NIFS)
OptumHealth
Orriant
Payactiv
Power Wellness
Premise Health
Privia Health
Professional Fitness Management
Prudential Financial
Purchasing Power
Ramsey Solutions
Reach Fitness
Sonic Boom Wellness
Sprout
StayWell
Transamerica
Vantage Circle
Vitality Group
Wellable
Wellness Coaches USA
Wellsource
WellSteps
Wisdom Works Group
Woliba
Workstride
WTS International
Origin
BrightPlan
Savology
Sqwire
FinFit
Pro Financial Health
FutureFuel.io
Salary Finance
SoFi
GoPlan 101
The Financial Gym
PDHI
Novant Health
Sum180

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 State of Us Healthcare
7.3 Vendor & Employer Rights, Obligations, & Pricing Models
7.4 Regulatory Framework
7.5 Lifecycle Stage of Corporate Wellness Market in US
7.6 Growth Prospects
7.7 Supply Chain
7.8 American Workforce Analysis
7.9 Factors Influencing Demand: Healthy Eating Index
7.10 Employee Behavior Insights
7.1 Economic and Demographical Analysis
7.2 Key Decision Influencers
7.3 Impact of Covid-19

8 Market Opportunities & Trends
8.1 Growing Role of Wellness Champions
8.2 Data Analytics Increasingly Powering Wellness
8.3 Use of Technology to Improve Outcomes
8.4 Growing Reign of Ai
8.5 Extension of Wellness Programs to Families
8.6 Offering Solutions Under One Roof
8.7 Incorporation of Social Connectedness
8.8 Increasing Penetration of Telehealth
8.9 Mental & Physical Health Awareness on Social Media

9 Market Growth Enablers
9.1 Growing Focus on Improving Employee Wellbeing
9.2 Growth in Individualized Self-Care
9.3 Rise of Information Economy
9.4 Evolution of Value Proposition
9.5 Increase in Number of Working Hours
9.6 Broad Shift in Wellness Perspectives
9.7 Corporate Wellness Programs Reducing Load on Us Healthcare Systems
9.8 Hike in Attrition in US
9.9 Health Issues Due to Work Stress

10 Market Restraints
10.1 Remote Work and Increased Surveillance by Employers
10.2 Constant Struggle for Employee Engagement and Participation
10.3 Perceived High Cost of Wellness Programs
10.4 Wariness Regarding Misuse of Data
10.5 Counterproductive to Employee Health
10.6 Increased Sense of Anxiety
10.7 Singular Approach to Wellness
10.8 Lack of Gender-Specific Approach
10.9 Dearth of Cultural Support

11 Market Landscape
11.1 Market Overview
11.2 Market Size & Forecast
11.3 Industry
11.4 End-User
11.5 Incentive Program
11.6 Delivery
11.7 Type
11.8 Revenue Model
11.9 Program
11.10 Pest Analysis
11.11 Five Forces Analysis

12 Program
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Health & Risk Assessment (Hra)
12.4 Nutrition & Weight Management
12.5 Smoking Cessation
12.6 Fitness Services
12.7 Alcohol & Drug Rehab
12.8 Stress Management
12.9 Health Education Services
12.10 Financial Wellness
12.11 Other Corporate Wellness Services

13 Revenue Model
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Recurring Revenue Model
13.4 Seasonal Revenue Model

14 Delivery Model
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 Onsite
14.4 Offsite

15 Incentive Programs
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Participatory Programs
15.4 Health-Contingent Programs

16 Type
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Services
16.4 Technology

17 Industry
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Media & Technology
17.4 Healthcare
17.5 Financial Services
17.6 Manufacturing
17.7 Retail
17.8 Other End-Users

18 End-User
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Large Private Sector Businesses
18.4 Medium Private Sector Businesses
18.5 Public Sector Companies
18.6 Small Private-Sector Business
18.7 Non-Profit Organizations

19 Region
19.1 Market Snapshot & Growth Engine
19.2 Regional Overview

For more information about this report visit https://www.researchandmarkets.com/r/2npo8h

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Research and Markets
Laura Wood, Senior Manager
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