{"id":92828,"date":"2020-12-01T16:39:00","date_gmt":"2020-12-01T16:39:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2772205"},"modified":"2020-12-01T16:39:00","modified_gmt":"2020-12-01T16:39:00","slug":"registering-a-5-90-cagr-between-2020-and-2027-global-workplace-wellness-market-to-reach-us66-20-bn-by-2027","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/12\/01\/registering-a-5-90-cagr-between-2020-and-2027-global-workplace-wellness-market-to-reach-us66-20-bn-by-2027\/","title":{"rendered":"Registering a 5.90% CAGR between 2020 and 2027, Global Workplace Wellness Market to Reach US$66.20 bn by 2027"},"content":{"rendered":"

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A new study on the global workplace wellness market has been recently added to the vast repository of Report Ocean. The report, titled “Workplace Wellness Market by Type (Weight Management & Fitness Services, Nutrition & Dietary Plan, Stress Management Services, Health Screening & Assessment, and Smoking Cessation) and End User (Large-Size Organizations, Mid-Size Organizations, Small-Size Organizations, Public Sector, and NGOs): Global Opportunity Analysis and Industry Forecast, 2020–2027<\/strong>,” offers a detailed study of this market on the basis of its past and current performance.<\/p>\n

GET SAMPLE COPY @ https:\/\/www.reportocean.com\/industry-verticals\/sample-request?report_id=AMR1258<\/a><\/p>\n

According to the research report, the global market for workplace wellness reached US$49.81 bn in 2019. Expanding at a healthy CAGR of 5.90% during the period from 2020 to 2027, the market is projected to reach US$66.20 bn by the end of the forecast period. The increasing prevalence of chronic diseases across the world is the key driving force behind the growth of this market. The increasingly sedentary lifestyle and the lack of work-life balance are giving way to a number of diseases among consumers, which in turn, is leading to the high demand for workplace wellness solutions.<\/p>\n

Going forward, the rising awareness level and the implementation of wellness programs by employers are expected to propel this market over the years to come. However, huge initial cost incurred in the implementation of workplace wellness plans may act as a hindrance in the near future. Nonetheless, increasing focus of enterprises on the health and wellness of employees and surge in government regulations regarding employees’ wellness are likely to create lucrative opportunities for market players in the near future.<\/p>\n

Impact of Covid 19 on Global Workplace Wellness Market<\/strong><\/p>\n

Like many other markets, the global workplace wellness market has also been impacted by the outbreak of the Coronavirus pandemic. With the lockdown imposed in many countries, offices have been forced to remain shut, which is reflected on the demand for workplace wellness solutions.<\/p>\n

Global Workplace Wellness Market: Business Dynamics<\/strong><\/p>\n

In this research report, the workplace wellness market has been evaluated on the basis of the type, end user, and the region. Based on type, it has been divided into weight management and fitness services, nutrition and dietary plan, stress management services, health screening and assessment, and smoking cessation. The stress management services segment is anticipated to grow at the fastest growth rate during the forecast period.<\/p>\n

On the basis of end user, it has been categorized into large-size private organizations, mid-size private organizations, small-size private organizations, public sector, and NGO. The large-size organizations segment has been dominating global market and is expected to remain on the top over the next few years. In terms of the region, it has been analyzed across North America, Europe, Asia Pacific, and LAMEA. North America has acquired the lead in the global market for workplace wellness.<\/p>\n

Key Findings: <\/strong><\/p>\n