UNITED KINGDOM WORKPLACE WELLNESS MARKET FORECAST 2023-2030

In pursuit of their employees’ well-being, numerous corporations have effectively instituted comprehensive programs, covering a range of training activities. These include seminars, access to fitness facilities, gatherings, health screenings, as well as awareness campaigns employing tools like flyers and banners. Moreover, given the rise in awareness, the legitimacy of these programs has grown significantly, leading to a notable reduction in associated stigmas. In this regard, prominent companies like Microsoft, KPMG, Google, and others have taken progressive measures by providing meditation spaces and classes, enabling staff members to find respite from their demanding daily routines.

In the United Kingdom, multiple factors, such as concerns regarding employee well-being, the escalating costs of healthcare, gains in productivity, government backing, legal obligations, and the repercussions of the COVID-19 pandemic, have collectively propelled the expansion of the country’s workplace wellness market. Moreover, technological strides and shifting demographics are set to play an essential role, as well. 

Employers are also recognizing the importance of investing in the health and well-being of their workforce to cultivate a more engaged, content, and efficient workforce. In order to remain competitive, businesses in the United Kingdom are highly focused on prioritizing and enhancing their workplace wellness initiatives. Moreover, companies can also benefit from adeptly tailoring these initiatives to align with the evolving needs of their employees, while harnessing technological advancements to boost employee participation and overall engagement. As a result, these factors are set to bolster the workplace wellness market growth in the United Kingdom during the forecasting period. 

The United Kingdom workplace wellness market is segmented into service and end-user. The end-user segment includes large organizations, mid-size organizations, small organizations, NGO, and public sector. Mid-size organizations, encompassing those with a workforce ranging from 250 to 1,000 employees, are actively adopting wellness initiatives as a strategic approach to curbing healthcare costs. In this sector, prevalent services include biometric testing, management of mental and behavioral health, and fitness programs. Mid-sized firms are also implementing holistic health education programs, screenings, and primary interventions.

The demand for wellness programs in mid-size organizations has surged, as employees increasingly evaluate their career prospects based on the presence of wellness programs within organizations. In this regard, a multi-level strategy is embraced, wherein wellness initiatives are executed at both organizational and environmental levels. Furthermore, a combination of social and physical surroundings also plays a pivotal role in facilitating better ergonomic practices and informed nutritional decisions.

Major players operating in the United Kingdom workplace wellness market include Fitbit Inc, Quest Diagnostics, Optum Inc, etc.

Quest Diagnostics, headquartered in the United States, is a leading provider of diagnostic testing, information, as well as services in the healthcare sector. The company provides a diverse range of medical testing services and products, including diagnostic imaging services, clinical laboratory services, women’s health and wellness, employer solutions, and others.