According to Inkwood Research, the Global Workplace Wellness Market is expected to progress with a CAGR of 6.57% in terms of revenue during the forecast years of 2023-2032.
“Browse 51 Market Data Tables and 49 Figures spread over 217 Pages, along with an in-depth TOC on the Global Workplace Wellness Market Forecast 2023-2032.”
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Fostering healthy behaviors and improving employees’ overall health outcomes constitutes a pivotal aspect of workplace wellness. This includes a diverse range of initiatives, such as arranging health education events and fairs, delivering assistance in stress management, orchestrating company wellness competitions, and extending the provision of complimentary medical screenings.
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Shift to Remote & Flexible Work Models Augments Market Growth
Remote employees often spend prolonged periods in deskbound positions at home, potentially leading to health issues associated with a sedentary lifestyle. To counter this, corporate wellness programs incorporate resources such as virtual fitness classes, incentives for engaging in physical activity, and assessments of ergonomic homework setups. Accordingly, prioritizing the physical well-being of employees has the potential to reduce healthcare costs and enhance overall productivity.
Health Risk Assessment Segment to Lead the Service Category
A health risk assessment (HRA), also referred to as a health appraisal or health assessment, serves as a screening tool designed to aid individuals in recognizing and comprehending their health vulnerabilities. Moreover, it also helps in monitoring employee health status.
North America: Major Region in 2022
The market growth in North America is accredited to the significant rise in health and wellness expenditure, the growing importance of stress management, as well as increasing work pressure.
The industry rivalry is expected to be intense in the global market. Moreover, key companies operating in the global workplace wellness market include Privia Health LLC, Quest Diagnostics, Optum Inc, etc.
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