North America and Europe command the leading share of the global corporate wellness market, followed by Asia Pacific, Latin America and Middle East & Africa. (Photo: Shutterstock)
Increasing health care costs, corporate profit and focus on employee retention is driving the growth of the global corporate wellness market, with more demand now coming from emerging economies such as India and China, according to a Transparency Market Research report.
From 2018 to 2026, the market for corporate wellness services across the world is projected to grow at an annual compound growth rate of 9 percent, to $61.69 million, Transparency Market Research predicts.
The market intelligence company defines corporate wellness programs as those consisting of health risk assessments, fitness, health screening, weight management, smoking cessation and nutrition education, all of which are intended to reduce the cost of hospitalization, surgeries and visits to health care specialists.
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Katie Kuehner-Hebert
Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.
