Latest News- Corporate Wellness Market in US: Health assessments and screenings is expected to lead the Service segment during 2025-2029

The Corporate Wellness Market in US is being driven by Increasing need to combat rising healthcare costs

The Corporate Wellness Market in US is expected to grow at a CAGR of 10% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 8.9 billion. Wearable technology, encompassing devices such as activity trackers, smartwatches, Bluetooth headsets, and web-enabled glasses, is gaining traction in the corporate wellness sector. These innovative gadgets, worn as accessories or integrated into clothing, enable employees to connect to the Internet and exchange data with networks in real-time. By monitoring vital health signs, location, and biofeedback, wearable technology empowers companies to promote employee well-being and productivity. This cutting-edge technology is revolutionizing the corporate landscape by facilitating seamless access to information and enhancing overall workforce efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Service
  • Health assessments and screenings
  • Nutrition and fitness
  • Stress management
  • Others
• End-user
  • SMEs
  • Large organizations
• Delivery Mode
  • Onsite
  • Virtual
• Geography
  • US

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing need to combat rising healthcare costs
• Need for improved employee productivity
• Recent developments in corporate wellness solutions in US

However, the market also witnesses some limitations, which are as follows:

• Poor engagement level among employees
• Lack of investments by organizations
• Concerns over data breaches

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Market Scope in Corporate Wellness Market in US Research Report

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Research Analysis Overview

The Corporate Wellness Market in the US is focused on implementing strategic initiatives for employee wellbeing, incorporating holistic approaches that include preventative healthcare programs and mental health awareness. Wellness technology adoption and data-driven programs facilitate effective communication, evaluation, and budgeting. Vendor selection, personalized plans, and leadership programs enhance sustainability and reporting. Healthy eating initiatives, workplace solutions, and wellness incentives offer benefits, while employee surveys and feedback mechanisms ensure continuous improvement. Effectiveness metrics and program tracking provide valuable insights for ongoing success.

Market Research Overview

The Corporate Wellness Market in the US, a segment of the global Leisure Facilities Market within the broader Hotels, Restaurants, and Leisure Industry, encompasses businesses offering employee wellness programs, mental health resources, and stress management techniques. According to Technavio, market growth is driven by the rise in disposable income, enabling increased spending on wellness initiatives. This includes sports and fitness centers, mental health services, and stress management resources. The global Leisure Facilities Market, comprising companies in casinos and gaming, hotels, resorts, and cruise lines, leisure facilities, and restaurants, is projected to expand due to the positive correlation between disposable income and discretionary spending on wellness and recreation.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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