Market Overview

Global Corporate Wellness Market 2018-2022 - Adoption of Wearable Technology to Boost Demand - Technavio


analysts forecast the global corporate wellness market to grow at a CAGR
of around 5% during the forecast period, according to their
latest market research report.

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Technavio has published a new market research report on the global corporate wellness market from 20 ...

Technavio has published a new market research report on the global corporate wellness market from 2018-2022. (Photo: Business Wire)

The adoption of wearable technology is one of the major trends being
witnessed in the global
corporate wellness market 2018-2022
. Wearable technology is an
electronic system that can be worn on the body as an accessory or as a
part of the material used in clothing. The most popular devices in
wearable technology are activity trackers and smartwatches. Some of the
other devices in wearable technology are Bluetooth headsets,
smartwatches, and web-enabled glasses that allow employees to access
data hands-free from Wi-Fi networks during activities.

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market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to
the growth of the global corporate wellness market is the increasing
need to combat rising healthcare costs.

Global corporate wellness market: Increasing
need to combat rising healthcare costs

Organizations provide healthcare benefits to employees to improve their
health and have a productive workforce. Some instances of healthcare
benefits are prescription drug subsidies, health insurance, and
compensation or premiums. Such healthcare costs are generally split by
the employers and employees depending on the business size of the
companies and type of insurance coverage.

According to a senior analyst at Technavio for research on health and
wellness, "Bank of America, for instance, incorporates corporate
wellness programs for its employees. Corporate wellness programs use
stress mapping techniques that can assist human resource managers to
determine stress initiating factors in the workspace and take
appropriate actions to reduce the stress levels."

Global corporate wellness market: Segmentation

The global corporate wellness market research report provides market
segmentation by its applications (health assessments and screenings and
nutrition and fitness), and by region (the Americas, EMEA, and APAC). It
provides an in-depth analysis of the prominent factors influencing the
market, including drivers, opportunities, trends, and industry-specific

Of the two major applications, the health assessments and screenings
segment held the largest market share in 2017, contributing to over 41%
of the market. The growth of this application segment is because the
corporate wellness programs involve health tests and screenings for
early detection and prevention of chronic diseases among employees.

The Americas held the largest share of the market in 2017, accounting
for more than 46% share. It was followed by EMEA and APAC respectively.
The growth in the Americas can be due to the significant presence of
vendors in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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