![]() ![]() Workplace mental health & wellbeing acts as one of the critical priorities for public health. These health clinics include wellness programs as part of a more all-inclusive set of healthcare services ranging from first aid to special care to auxiliary services. ![]() corporate wellness market must assemble a team that includes licensed healthcare practitioners, paraprofessionals, support staff, administrators, vendors for diagnostics and clinical lab tests, and delegated third-party vendors for digital applications, among others, to facilitate these programs.Įmployers further add to this complicated system by offering easy access to healthcare services through health clinics instead of wellness programs to solve high deductible health plan choices. The front-end aspects include offering educational programs and doling out newsletters. Vendors must maintain the back-end aspects of wellness program services, including technical, administrative, IT resources, and data analytics. ![]() corporate wellness market offering and implementing these programs for large employers receive a program management fee that is structured based on the type of wellness program segments. It is common for employers to associate with third-party vendors to plan and implement their wellness programs despite having the resources to hold these programs, a simple reason being certain fringe benefits. The media and technology industry largely constitute high-profile companies such as Apple, Google, and Microsoft with innumerable wellness offerings. The need for businesses in every sector to adopt high resilience and innovative strategies is bolstering the sector's growth and, in turn, leaving more profits aside for the wellness of employees. The industry is already anticipated to witness long-term increased spending. The pandemic has accelerated the need for a digitally connected world, driving the media, technology, and telecommunication sectors at a high-growth pace. The media & technology segment dominated the U.S. However, over the past couple of years, the industry has witnessed the entry of many external players, such as in-house services by large businesses and other entities in the health and fitness space that offer membership discounts to drive up their share in the market. Most vendors offer wellness portals, wellness management services, and incentive programs. corporate wellness market players include COMPSYCH, Labcorp, Virgin Pulse, and Quest Diagnostics. However, the industry witness consolidation, albeit at a slow pace. corporate wellness market is highly fragmented, with several top vendors. corporate wellness market is expected to reach a value of $25 billion by 2028 from $12.12 billion in 2022, growing at a CAGR of 12.83% Corporate Wellness Market - Industry Outlook & Forecast 2023-2028" report has been added to 's offering. ![]()
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