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U.S. Corporate Wellness Market - Industry Outlook & Forecast 2022-2027

U.S. Corporate Wellness Market - Industry Outlook & Forecast 2022-2027

  • March 2022
  • 545 pages
  • ID: 6020371
  • Format: PDF
  • Arizton

Summary

Table of Contents

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.

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

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.

Segmentation by Program

• HRA
• Nutrition & Weight Management
• Smoking Cessation
• Fitness Services
• Alcohol & Drug Rehab
• Stress Management
• Health Education Services
• Financial Wellness
• Other Corporate Wellness Services

Segmentation by Revenue Model

• Recurring Revenue Model
• Seasonal Revenue Model

Segmentation by Delivery Model

• Onsite
• Offsite

Segmentation by Incentive Programs

• Participatory Programs
• Health-Contingent Programs

Segmentation by Type

• Services
• Technology

Segmentation by Industry

• Media and Technology
• Healthcare
• Financial Services
• Manufacturing
• Retail
• Others

Segmentation by End-User

• Large Private Sector Businesses
• Medium Private Sector Businesses
• Public Sector Companies
• Small Private Sector Businesses
• Non-Profit Organizations

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.

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

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.

Segmentation by Region

• US
o South
o West
o Midwest
o Northeast

THE REPORT INCLUDES:

1. The Analysis of The U.S. Corporate Wellness Market Size and Growth Rate for The Forecast Period 2022-2027.
2. It Offers Comprehensive Insights into Current Industry Trends, Trend Forecast, And Growth Drivers About the U.S. Corporate Wellness Market.
3. The Report Provides the Latest Analysis of Market Share, Growth Drivers, Challenges, And Investment Opportunities.
4. It Offers a Complete Overview of Market Segments and The Regional Outlook of The Corporate Wellness Market.
5. The Report Offers a Detailed Overview of The Vendor Landscape, Competitive Analysis, And Critical Market Strategies to Gain Competitive Advantage.

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