Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Corporate Wellness Market". This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.
Read Full Report: http://www.transparencymarketresearch.com/corporate-wellness-market.html
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Corporate wellness market global industry analysis, size, share, growth, trends and forecast 2015 - 2023
1. Transparency Market Research
Corporate Wellness Market - Global
Industry Analysis, Size, Share,
Growth, Trends and Forecast 2015 -
2023
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2. Transparency Market Research Reports incorporated a definite business overview and investigation inclines on "Corporate
Wellness Market". This report likewise incorporates more illumination about fundamental review of the business including
definitions, requisitions and worldwide business sector industry structure.
The global corporate wellness market has been experiencing a robust rise since the last few years. A number of organizations
are purchasing wellness programs in order to ensure the wellbeing of their employees, as it continues to be a matter of
significant concern for employers across the world. Apart from this, the increasing health insurance costs that companies have
to cover, are also compelling these organizations to take up corporate wellness services such as biometric screening.
According to a research study, published by Transparency Market Research (TMR), the continual increase in the healthcare costs,
together with hefty discounts offered on wellness programs by major players, is boosting the worldwide corporate wellness
market significantly. In addition to this, various government regulations, mandating enterprises to implement wellness programs
for their employees, are likely to drive the market growth in the coming years.
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TMR analysts answer the major questions that companies in the global corporate wellness market need to ask:
What are the major challenges faced by employers that are encouraging them to deploy corporate wellness programs in their
organizations?
Employers across the world are facing a number of health-related challenges that are diminishing the potentials of both their
workforce and their organizations. The increasing prevalence of obesity, hypertension, depression, and other chronic diseases
such as diabetes and cardiovascular diseases in employees has raised their concerns over the operational efficiency of their
companies.
Employee retention has also emerged as one of the major issues that employers around the world are facing nowadays. The
implementation of corporate wellness programs can help them in retaining their valuable human resource as these programs
increase employee satisfaction, encouraging them to perform better.
REPORT DESCRIPTION
3. Is Affordable Care Act motivating employees in the U.S. to enroll in corporate wellness programs?
Companies in Europe and North America have tried and tested the concept of workplace wellness. Specifically, in the U.S., large
firms believe that these programs enhance employees’ health and result in a significant reduction in the medical spending
incurred by them. Due to this, they encourage their employees to take up these services on a regular basis. The U.S. Affordable
Care Act is also playing a significant role in motivating employees to enroll in corporate wellness programs in this country.
According to the latest reform in this act, the cap on incentives offered to employees for participating in wellness programs has
been increased from 20% to 30% of the overall cost of the program. This development is attracting a number of employees
towards corporate wellness programs in the U.S. Even in other countries, such government reforms encourage employees to
actively participate in corporate wellness programs.
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Which regional corporate wellness market is exhibiting highest potential?
North America and Europe have arrived at maturity in the global corporate wellness market. Major players are finding lucrative
opportunities for proliferation of corporate wellness programs in Asia Pacific, as being an emerging market it holds immense
potential for growth. The rising incidence of non-communicable chronic diseases in this region supports this theory.
With increasing industrialization, the scope of the corporate wellness market is increasing in Asia Pacific, as a number of major
international corporate wellness services providers are trying to get a foothold in this region.
FitLinxx, Corporate Wellness Solutions, GCC Group, Trotter Wellness, Provant Health Solutions are some of the major corporate
wellness services providers in the global arena.
Transparency Market Research is a market intelligence company providing global business information reports and services. Our
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