Workplace Stress Management Market Scope
Employees are under a lot of strain and have a lot of demands because of the increasing competition. As a result, stress causes an undesirable reaction in employees, disrupting their work-life balance. Because of the initiatives performed by businesses all over the world, people are becoming more conscious of stress management. In the coming years, stress management programmes are expected to become an important part of personnel management practices. Employee mindfulness programs such as Search Inside Yourself, Meditation 101, and Mindfulness-Based Stress Reduction are available at Google. The business launched gPause, a virtual and in-person community that encourages meditation practise by providing tools like daily reminders.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | ActiveHealth Management (United States), Fitbit (United States), Marino Wellness (United States), ComPsych (United States), Wellness Corporate Solutions (WCS) (United States), Truworth Wellness (India), Central Corporate Wellness (Singapore), CuraLinc Healthcare (United States) and Wellsource, Inc. (United States) |
CAGR | 8.4% |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Workplace Stress Management market throughout the predicted period.
ActiveHealth Management (United States), Fitbit (United States), Marino Wellness (United States), ComPsych (United States), Wellness Corporate Solutions (WCS) (United States), Truworth Wellness (India), Central Corporate Wellness (Singapore), CuraLinc Healthcare (United States) and Wellsource, Inc. (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Workplace Stress Management market by Type and Region with country level break-up.
On the basis of geography, the market of Workplace Stress Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
On 25th August 2020, Fitbit has announced Fitbit SenseTM, the company’s most advanced health smartwatch, bringing innovative sensor and software technology with the world’s first electrodermal activity (EDA) sensor on a smartwatch to help manage stress, along with advanced heart rate tracking technology, new ECG app, and an on-wrist skin temperature sensor, all powered by 6+ days of battery life.
In February 2022, Calm has acquired the Ripple Health Group a leader in healthcare technology company to accelerate its mental health care ambition.
The Management of Health and Safety at work Regulations 1999 which places a legal duty on employers to protect employees from stress at work by doing a risk assessment and acting on it. And under HR law, the Equalities Act (2010) which deals with disability discrimination.
Influencing Trend:
Increasing Competition at Workplaces
Market Growth Drivers:
Increasing Awareness about Stress Management and Growing Demand due to Popularity of Personal Fitness Trainers
Challenges:
The Dearth of Skilled Counselors
Restraints:
Lack of Awareness in Developing Regions
Opportunities:
Increasing Focus on Health and Safety Laws and The Growing Popularity of Yoga and Other Health-Related Activities
Key Target Audience
Workplace Stress Management Providers, Government Regulatory Bodies, Government Reserch Organization, Private Research Organizations and Others