About Enterprise Wellness
Enterprise Wellness is vital as most of the personnel in an employer are struggling from a variety of illnesses like hypertension, despair and so on. Excellent worker gain packages can enhance the financial, intellectual and bodily fitness of personnel and to mitigate fees related with healthcare and turnover. Healthy personnel can spend much less on fitness care, take fewer ill days which offers greater productive output. Evolving industrialization in developing economies limit the incidences such as, hypertension and different ailments like diabetes with diabetes management.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Enterprise Wellness market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ComPsych Corporation (United States), LifeWorks, Inc. (Canada), UnitedHealth Group (Optum) (United States), Anthem, Inc. (United States), Workplace Options (United States), Cerner Corporation (United States), Centene Corporation (United States), TELUS (Canada), Cleveland Clinic (United States) and Wellright (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Virgin Group Ltd. (United States), CVS Health Corporation (United States), Alphabet Inc. (Fitbit) (United States), Total Wellness (United States), Wellsteps (United States) and Corporate Fitness Works (United States).
Segmentation Overview
AMA Research has segmented the market of Global Enterprise Wellness market by and Region.
On the basis of geography, the market of Enterprise Wellness 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). If we see Market by Organization, the sub-segment i.e. Small & Medium Scale Organizations will boost the Enterprise Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service, the sub-segment i.e. Health Risk Assessment will boost the Enterprise Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Private Sector will boost the Enterprise Wellness market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Trend among Companies Worldwide to Implement Employee Health and Wellness Programs
Market Growth Drivers:
Rising Adoption of Enterprise Wellness Programs and Increasing Corporate Investment for Employee Productivity
Challenges:
Low Employee Engagement and Participation and Slow Awareness and Low Adoption in Small Scale Organizations
Restraints:
Shortage in the Number of Suitably Qualified Professionals and High Cost
Opportunities:
Emerging Countries with a Large Working Population and Rising Awareness of Mental and Physical Health of Employees
Market Leaders and their expansionary development strategies
In January 2024, FlexIt Inc., a leader in digital health and wellness experiences, acquired an Enterprise Wellness business previously of Sukhi Inc., a mental wellness platform. With the combination, FlexIt announced that Rahul Kay, MBA / MPH has joined FlexIt as its new SVP of Enterprise Wellness.
In 2021, Cerner announced Cerner RevElate, the company’s go-forward patient accounting product that will bring new and enhanced capabilities to the Cerner revenue cycle management portfolio. Cerner RevElate is a result of Cerner’s investment in advancing patient accounting capabilities and enterprise-wide technology optimization an effort to best-align Cerner’s powerful research and development resources with those solutions most needed by caregivers around the globe.
Key Target Audience
Provider, Venture Capitalists and Private Equity Firms, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.