Corporate Wellness Market to Generate Revenue of $99.8 Billion by 2028 | Only 62% Organizations Have Corporate Welling Program | SkyQuest Technology – GlobeNewswire
| Source: SkyQuest Technology Consulting Pvt. Ltd. SkyQuest Technology Consulting Pvt. Ltd.
Westford, USA, Sept. 20, 2022 (GLOBE NEWSWIRE) — Corporate wellness market is gaining in popularity as organizations strive to maintain a healthier work force. The benefits of corporate wellness are numerous and include improved morale, reduced absenteeism, and increased productivity. In addition to the traditional physical health benefits, corporate wellness programs can also focus on mental well-being, social support, stress reduction, and environmental sustainability.
Some of the key components of a corporate wellness market include diet and fitness counseling, stress relief programs, meditation and mindfulness training, and medical screenings. Some companies also offer group yoga classes, tai chi sessions, or mindfulness meditation sessions.
Increasingly diverse workforce demands more flexible working hours; the rise in chronic diseases such as obesity has led to an increase in health-care costs; millennials want jobs that foster creativity and self-expression; and customers increasingly expect businesses to be cool and environmentally conscious. In fact, according to a report by SkyQuest, nearly two-thirds (62%) of employers who offer corporate wellness programs see an increase in employee engagement as a result.
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Our recent report on corporate wellness market revealed that improving employee health and wellbeing can save businesses an estimated $178 billion in indirect costs, such as lower employee absenteeism, increased safety, productivity and work satisfaction. In fact, the study found that 41% of US employees would leave their job if it weren’t for the positive impact their health and wellbeing have on their work life.
SkyQuest is pleased to announce the release of its corporate wellness market report. This report provides an in-depth analysis of the market, including key trends, growth drivers, challenges, and opportunities. The report provides valuable insights into this rapidly growing market, helping corporations identify opportunities to improve employee health and wellbeing.
Only 62% Companies Have Corporate Wellness Program, SkyQuest Survey
SkyQuest conducted a survey on global corporate wellness market. The survey asked participating companies about their wellness programs, and how they are faring. More than 1,200 companies participated in the survey, and the findings provide valuable insights into how companies are addressing wellness within their organizations. The following are some of the most interesting takeaways from the survey:
Browse summary of the report and Complete Table of Contents (ToC):
The report provides an in-depth analysis of the key players in the market, including their products, services, business strategies, and financials. It also includes a SWOT analysis of each player. SkyQuest’s report is an essential resource for companies looking to gain a comprehensive understanding of the corporate wellness market.
Top Trends in Global Corporate Wellness Market
As the healthcare system continues to rapidly evolve and grow more complex, companies have begun to take notice and respond with innovative wellness programs. Given the mounting medical costs and skyrocketing rates of chronic disease, corporations are beginning to see the value in investing in employee well-being.
In line with this the global corporate wellness market is witnessing following key trends:
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Top Players in Global Corporate Wellness Market
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