Report Overview

United States Corporate Wellness Market – Industry Trends & Forecast Report, 2030

United States Corporate Wellness Market size by value was estimated at USD 15.9 billion in 2023. During the forecast period between 2024 and 2030, United States Corporate Wellness Market size is expected to expand at a CAGR of 3.80% reaching a value of USD 20.5 billion by 2030. United States Corporate Wellness Market is driven by increasing awareness of employee health and well-being, the rising prevalence of chronic diseases, and technological advancements. Companies are investing in wellness programs to reduce healthcare costs, improve employee productivity, and enhance job satisfaction. Additionally, government initiatives promoting workplace health and the adoption of digital health tools are contributing to market growth.

Corporate Wellness – Overview

Corporate wellness programs are designed to improve employee health and well-being. These initiatives include fitness programs, mental health support, stress management workshops, health risk assessments, and nutrition counseling. By promoting healthier lifestyles, companies aim to enhance productivity, reduce absenteeism, and lower healthcare costs. Investing in corporate wellness creates a supportive work environment, fosters employee satisfaction, and increases retention. The market is driven by rising awareness of chronic diseases, economic benefits of a healthy workforce, and technological advancements in wellness solutions.

United States Corporate Wellness Market

Growth Drivers

Growing Awareness about Employee Well-Being

United States Corporate Wellness Market is experiencing significant growth due to the increased awareness of employee well-being. Employers are recognizing the importance of promoting health and wellness to enhance productivity, reduce absenteeism, and improve job satisfaction. This awareness has led to greater investment in comprehensive wellness programs, including mental health support, fitness initiatives, and stress management workshops, fostering a healthier and more engaged workforce.

Challenges

High Implementation Costs

United States Corporate Wellness Market faces a significant restraint due to high implementation costs. Developing and maintaining comprehensive wellness programs, which include fitness facilities, mental health support, and health assessments, require substantial investment. These high costs can be a barrier for smaller businesses, limiting their ability to adopt such initiatives and potentially slowing overall market growth.

Impact of Escalating Geopolitical Tensions on United States Corporate Wellness Market

Intensifying geopolitical tensions among countries and further spreading across the regions could significantly impact United States Corporate Wellness Market. Economic, poliitcal, and trade tensions could disrupt global supply chains, leading to shortages of wellness products and services. Increased costs of imported wellness solutions could raise operational expenses, making it more challenging for companies to invest in employee health programs. Additionally, political instabilities could deter foreign investments and affect consumer confidence, resulting in reduced spending on wellness initiatives. Trade restrictions and sanctions can further complicate the import of advanced wellness technologies, hindering market growth.

United States Corporate Wellness Market

Segmental Coverage

United States Corporate Wellness Market – By Service Type

By service type, United States Corporate Wellness Market is divided into Health Risk Assessment, Nutrition & Weight Management, Smoking Cessation, Fitness Services, Stress Management, Health Screening & Assessment, and Employee Assistance Programs (EAPs) segments. Health risk assessment segment is typically the largest service type in United States Corporate Wellness Market, due to an increasing focus on early detection of health risks, personalized health strategies, and cost-effective healthcare solutions for employees. Organizations prioritize health risk assessments to mitigate future medical expenses and enhance employee productivity. These programs often serve as the foundation for broader wellness initiatives, including fitness services, stress management, and employee assistance programs, ensuring a comprehensive approach to workforce well-being.

United States Corporate Wellness Market – By Delivery Model

Based on delivery model, United States Corporate Wellness Market is bifurcated into On-site Programs and Off-site Programs segments. The on-site programs segment holds a larger share of United States Corporate Wellness Market by delivery model. On-site programs are preferred due to their direct accessibility and convenience for employees, as they integrate wellness activities into the workplace. Services such as fitness centers, mental health workshops, and health screenings are popular in on-site setups. Companies value these programs for fostering employee engagement, productivity, and overall well-being while reducing absenteeism. Their comprehensive and immediate impact drives higher adoption compared to off-site alternatives.

United States Corporate Wellness Market – By Category

On the basis of category, United States Corporate Wellness Market is divided into Fitness & Nutrition Consultants, Psychological Therapists, Organizations/Employers, and Fitness & Medical Institutions segments. The organizations/employers segment is the largest category in United States Corporate Wellness Market, due to increasing investments in workplace wellness programs aimed at boosting employee health, productivity, and job satisfaction. Employers often integrate initiatives like fitness challenges, mental health support, and wellness workshops to mitigate healthcare costs and absenteeism. As businesses prioritize holistic well-being, the role of employers in facilitating tailored wellness solutions continues to grow, reinforcing their prominence in the corporate wellness market.

United States Corporate Wellness Market – By End User

Based on end user, United States Corporate Wellness Market is divided into Small Scale Organizations, Medium Scale Organizations, and Large Scale Organizations segments. The large scale organizations segment accounts for the largest share of United States Corporate Wellness Market by end user. Large organizations invest heavily in wellness programs due to their substantial employee base and the need to enhance productivity, reduce healthcare costs, and improve workplace morale. They often implement comprehensive initiatives such as fitness programs, mental health support, and wellness workshops. The extensive resources and budgets available to large corporations enable them to create robust wellness infrastructures, making this segment a significant contributor to market growth.

Competitive Landscape

Major companies in the highly competitive United States Corporate Wellness Market include US Wellness, ComPsych, SkillSmith, Virgin Pulse, Marino Wellness & MedSpa, Privia Health, Wellsource, Inc., Vitality Group, EXOS, and Optum. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Service Type

• Health Risk Assessment

• Nutrition & Weight Management

• Smoking Cessation

• Fitness Services

• Stress Management

• Health Screening & Assessment

• Employee Assistance Programs (EAPs)

By Delivery Model

• On-site Programs

• Off-site Programs

By Category

• Fitness & Nutrition Consultants

• Psychological Therapists

• Organizations/Employers

• Fitness & Medical Institutions

By End user

• Small Scale Organizations

• Medium Scale Organizations

• Large Scale Organizations

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. United States Corporate Wellness Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising healthcare costs
         2. Increased awareness of employee well-being
         3. Government Initiatives to encourage workplace wellness
      2. Restraints
         1. High implementation costs
         2. Low employee participation
         3. Data privacy concerns
      3. Opportunities
         1. Growing awareness of mental health
         2. Rise of remote work
         3. Embedding wellness into the company culture
      4. Challenges
         1. Adhering to complex regulations, especially related to data privacy and healthcare
         2. Assessing the long-term benefits of wellness programs
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. United States Corporate Wellness Market: Marketing Strategies
5. United States Corporate Wellness Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Service Type
         1. Health Risk Assessment
         2. Nutrition & Weight Management
         3. Smoking Cessation
         4. Fitness Services
         5. Stress Management
         6. Health Screening & Assessment
         7. Employee Assistance Programs (EAPs)
      2. By Delivery Model
         1. On-site Programs
         2. Off-site Programs
      3. By Category
         1. Fitness & Nutrition Consultants
         2. Psychological Therapists
         3. Organizations/Employers
         4. Fitness & Medical Institutions
      4. By End User
         1. Small Scale Organizations
         2. Medium Scale Organizations
         3. Large Scale Organizations
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. United States Corporate Wellness Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operation Channel Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tension on United States Corporate Wellness Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. US Wellness
   2. ComPsych
   3. SkillSmith
   4. Virgin Pulse
   5. Marino Wellness & MedSpa
   6. Privia Health
   7. Wellsource, Inc.
   8. Vitality Group
   9. EXOS
   10. Optum
   11. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents
    5. Assumption & Limitation

*Financial information of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1       United States Corporate Wellness Market Segmentation            

Figure 2       United States Corporate Wellness Market Value Chain Analysis  

Figure 3       Company Market Share Analysis, 2023                                               

Figure 4       United States Corporate Wellness Market Size, By Value (USD Billion), 2019–2030

Figure 5       United States Corporate Wellness Market Share, By Service Type, By Value (USD Billion) 2019–2030

Figure 6       United States Corporate Wellness Market Share, By Delivery Model, By Value (USD Billion) 2019–2030

Figure 7       United States Corporate Wellness Market Share, By Category, By Value (USD Billion) 2019–2030

Figure 8       United States Corporate Wellness Market Share, By End User, By Value (USD Billion) 2019–2030

List of Tables    

Table 1        United States Corporate Wellness Market Size, By Value (USD Billion), 2019–2030

Table 2        United States Corporate Wellness Market Share, By Service Type, By Value (USD Billion) 2019–2030

Table 3        United States Corporate Wellness Market Share, By Delivery Model, By Value (USD Billion) 2019–2030

Table 4        United States Corporate Wellness Market Share, By Category, By Value (USD Billion) 2019–2030

Table 5        United States Corporate Wellness Market Share, By End User, By Value (USD Billion) 2019–2030

Table 6        US Wellness Company Overview

Table 7        US Wellness Financial Overview

Table 8        ComPsych Company Overview

Table 9        ComPsych Financial Overview

Table 10      SkillSmith Company Overview

Table 11      SkillSmith Financial Overview

Table 12      Virgin Pulse Company Overview

Table 13      Virgin Pulse Financial Overview

Table 14      Marino Wellness & MedSpa Company Overview

Table 15      Marino Wellness & MedSpa Financial Overview

Table 16      Privia Health Company Overview

Table 17      Privia Health Financial Overview

Table 18      Wellsource, Inc. Company Overview

Table 19      Wellsource, Inc. Financial Overview

Table 20      Vitality Group Company Overview

Table 21      Vitality Group Financial Overview

Table 22      EXOS Company Overview

Table 23      EXOS Financial Overview

Table 24      Optum Company Overview

Table 25      Optum Financial Overview