Workplace wellness programs are a harmonized set of health promotion strategies that are executed at worksites and include programs, policies, and certain benefits to the community designed to encourage the health and safety of employees.
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Significant increases in the prevalence of chronic diseases across the globe and adoption of a sedentary lifestyle are the major factors that drive the growth of the workplace wellness market. In addition, economic benefits offered by these programs and the rise in awareness and implementation of wellness programs by employers further propel the workplace wellness market growth.
However, the huge cost for companies to adopt workplace wellness plans is anticipated to hamper the market growth. Moreover, significant focus by the public and private sector of developing economies toward improvement in the health of their employees is predicted to create lucrative opportunities in the future.
According to the report, the global workplace wellness market is projected to reach $66.20 billion by 2027, registering a CAGR of 5.9% from 2020 to 2027.
The report provides extensive competitive analysis and profiles of the key market players such as Fitbit, Novant Health, EXOS, Virgin Pulse, Vitality Health, ComPsych, HealthifyMe, and MDVIP.
Leading market players, startups, and investors can benefit from the market analysis by determining growth factors, opportunities, competitive scenarios, and regional landscapes to determine steps required to attain growth and stay ahead of the competition.
To know more about the global Workplace Wellness Market, kindly visit our website. Contact us for availing our report that contains an in-depth analysis of the current market strategies.
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