What’s going on:
According to the latest IMARC Group report, the global corporate wellness market size is booming, reaching an estimated $61.8 Billion in 2022 and forecast to expand further to $94.8 Billion by 2028, according to Digital Journal.
Why it matters:
The ever-growing recognition of employee health and well-being is one of the major forces behind the growth of the market, while the rising investment in mental health and stress management programs is further boosting it.
Technological breakthroughs like AI and Machine Learning are giving a significant push to the market’s expansion as well.
How it’ll impact the future:
The escalating demand for corporate wellness programs by companies to cut down operational costs and amplify employee effectiveness is contributing to the market’s growth.
Corporate wellness has become a go-to strategy in organizations, both small, medium and large, across the globe. It helps to increase employee engagement, reduce absenteeism, boost morale and confidence and lessen healthcare costs. By conducting wellness assessments and offering mental health resources, (and much more), corporate wellness can effectively reduce stress, improve employee behavior and even strengthen worker relationships — all which aids in the recruitment and retention of employees.
