U.S. Corporate Wellness Market

U.S. Corporate Wellness Market Size, Share, Growth Analysis, By Service(Health Risk Assessment, Fitness, Smoking Cessation, Health Screening), By End - Use(Small Scale Organizations, Medium Scale Organizations, and Large Scale Organizations), By Category(Fitness & Nutrition Consultants, Psychological Therapists, Organizations/Employers), By Region - Industry Forecast 2024-2031

Report ID: SQMIC35D2248 | Region: Country | Published Date: February, 2024
Pages: 157 | Tables: 94 | Figures: 76

U.S. Corporate Wellness Market News

  • Blue Cross Blue Shield, based in Massachusetts, provides health insurance plans, medical claims, insurance coverage, benefits and telehealth. This company reported in February 2023 that it will be releasing a new corporate wellness program. It will be called "MyPath to Better Health."
  • Welltok is a data-driven, enterprise SaaS company that provides a cloud-based employee wellness platform. The company was bought by Aetna, as reported in March 2023. Aetna is an American managed health care company that sells health care insurance and related services, such as medical, pharmaceutical, dental, behavioral health, and more.
  • Kaiser Permanente is an American integrated managed care consortium and one of the leading providers in the region. This company made an announcement in January 2023. It stated that the provider will expand its corporate wellness program to give a larger emphasis on mental health.
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US Corporate Wellness Market size was valued at USD 18.5 billion in 2022 and is poised to grow from USD 19.24 billion in 2023 to USD 26.33 billion by 2031, growing at a CAGR of 4% in the forecast period (2024-2031).

The US corporate wellness market’s environment is highly competitive. The dynamic of this landscape is sculpted by market players constantly engaged in rivalry to seize market share. The players include leading healthcare firms and providers, along with new entrants and technology companies. 'Cigna (Bloomfield, Connecticut)', 'UnitedHealth Group (Minnetonka, Minnesota)', 'Garmin (Olathe, Kansas)', 'ComPsych Corporation (Chicago, Illinois)', 'Fitbit (San Francisco, California)', 'HealthFitness (Minneapolis, Minnesota)', 'Vitality Group (Chicago, Illinois)', 'Welltok (Denver, Colorado)', 'Virgin Pulse (Providence, Rhode Island)', 'CoreHealth Technologies (Kelowna, British Columbia, Canada)', 'RedBrick Health (Minneapolis, Minnesota)', 'Bravo Wellness (Cleveland, Ohio)', 'Interactive Health (Schaumburg, Illinois)', 'TotalWellness (Omaha, Nebraska)', 'Wellness Corporate Solutions (Bethesda, Maryland)', 'Keas (San Francisco, California)', 'Wellable (Boston, Massachusetts)', 'Limeade (Bellevue, Washington)', 'EXOS (Phoenix, Arizona)', 'Provant Health (East Greenwich, Rhode Island)'

Businesses are now prioritizing employee health and well-being as part of their operations. Healthy employees can translate to higher productivity, lesser absenteeism, and reduced accidents. The market;s offerings can improve the health and well-being of employees, making the jobs of employers easier.

Increased Use of Technology: Corporate wellness market has seen a significant change in the way the programs are delivered. This remodeling can be attributed to the increased use of technology. With the help of technological devices, employers can track worker health and deliver customized wellness programs. These devices include wearable devices and mobile apps, among others. This trend has made it easier for employers to introduce wellness programs which are engaging, effective, and efficient.

The northeastern part of the US leads the regional market for corporate healthcare.This is due to their widespread adoption of wellness programs, which is a result of their emphasis on preventive care. Businesses are integrating health-based incentive programs to support the adoption of healthier behavior among employees. These programs reward employees with discounts on health insurance premiums or offer gift cards for healthy food purchases.

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U.S. Corporate Wellness Market

Report ID: SQMIC35D2248

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