Corporate wellness initiatives are carried out to maintain staff health, avoid illness, and boost productivity. The worldwide corporate wellness market is also anticipated to develop over the course of the forecast period as a result of high rates of smoking and obesity. The Institute for Health Metrics and Evaluation (IHME) estimates that 6.32 million smoker-related deaths were documented worldwide in 2016. Additionally, according to the same source, there were approximately 883,930 documented fatalities of second-hand smoking worldwide in 2016.
The global Corporate Wellness Market size was valued at US$ 53,645.7 million in 2018, and is expected to exhibit a CAGR of 7.2% over the forecast period (2019–2027).
Prominent Companies in the Corporate Wellness Industry:
1. ComPsych Corporation
ComPsych Corporation was founded in 1984 and its headquarter in Chicago, Illinois, United States.The company operates in 200 countries.
2. United Health Group
United Health Group was launch in 1977. And its headquarter - Minnetonka, Minnesota, United States. It operate over 33 country 2023 UnitedHealth Group has made 22 acquisitions and 5 investments. The company has spent over $ 38.88B for the acquisitions.
3. Sodexo
Sodexo,was launch in 1966 and it’s headquarter located in Issy-les-Moulineaux, France.it operate over 56 country .
4. BupaWellness Pty Ltd.
BupaWellness Pty Ltd, Inc was launch in 1947 and it’s headquarter located in Melbourne, Victoria, 3000, Australia.it operate over 75+ country
5. Recovre Group
Recovre Group founded in 2010, its headqueters located in Oslo, Norway with businesses in over 40 countries.
6. Central Corporate Wellness
Central Corporate Wellness, was launch 2012 and its headquarter Singapore . It operate over 40 country..
7. Truworth Wellness
Truworth Wellness Founded in 2008, with its headquarters in India. With businesses in over 6 countries.
8. CXA Group Pte
CXA Group Pte founded in 2013, with its headquarters in Singapore, Central Region, Singapore. With businesses in over 20 countries. CXA Group, a Singapore-based AI-driven health platform, has secured $25m in its latest funding round, to support its Asia-Pacific expansion.
*Definition- Corporate wellness plays a major role in advanced healthcare, as it keeps employees healthy and happy. Corporate organizations conduct various programs to create stress-free environment and healthy work culture for employees
