France Corporate Wellness Market Size, Share, Opportunities, And Trends By Type (Weight Management And Nutrition, Fitness, Smoking Cessation, Stress Management, Others), By Enterprise Size (Small, Medium, Large) By Department - Forecasts From 2023 To 2028

The France corporate wellness market is predicted to grow at a CAGR of 4.77% from US$2.117 billion in 2021 to US$2.934 billion by 2028.

The proliferation of wearable technology, the popularity of fitness activities, and the prevalence of chronic illnesses among corporations are all contributing to the market's expansion. Further, to improve workplace resilience, businesses in France have begun giving employee welfare the same priority as in wealthy nations. To assist employees, and improve their physical, emotional, and financial well-being, corporate wellness firms offer them perks like free online counseling sessions and meditation apps. This growing emphasis on employee health and well-being is anticipated to create new opportunities for the France corporate wellness market to expand. However, worries over employee data breaches serve as a restraint on the market's expansion.

Increasing stress among employees

The increasing frequency of long work hours, demanding workloads, and concerns associated with work pressure have a negative impact on employees' physical and mental health—including hypertension, heart attacks, and a sense of insecurity—are reasons that are fuelling the market's expansion. Employees are under strain and face unreasonable demands due to increased competition. Stress subsequently throws employees' work-life balance out of balance.

Moreover, increasing professional competition among employees to outperform their peers, meet deadlines on time or early, stick to budgets as closely as possible, and increase sales are a few variables that contribute to employee stress. These factors cause stress and have a detrimental effect on employees' mental health, and this in turn has a detrimental effect on their overall productivity. According to the Ramsay Générale de Santé Corporate Foundation, nearly 9 out of 10 French adults experience stress due to work in 2022, and nearly 4 out of 10 have seen an increase in stress over the last three years. 60% of women and 57% of young professionals are also impacted.

 Additionally, as per the March 2023 survey by Jama Open Network, a Journal published by the American Medical Association, in a national cross-sectional survey of 2,390 tenured university hospital faculty members in France, 40% of respondents experienced severe burnout, 12% said they were under stress at work, and 15% reported suicidal thoughts. Work-life interference and a perceived lack of corporate support were risk factors to be addressed.

Imperativeness of stress management

French employment law places a high priority on preventing the physical and social dangers that employees face at work. Employees who experience harassment or unhealthy levels of stress at work may be entitled to compensation. This puts a significant amount of responsibility on HR Directors to take proactive measures to reduce social and physical hazards, often in coordination with the employer's risk manager.  Many French businesses monitor employee stress levels, frequently with the help of outside experts. To evaluate all the problems and be seen to consider them, HR Directors benefit from input from occupational health, an HR adviser or consultant, and a labor law professional as they choose the best preventative strategy.

Research studies on workplace stress

According to the National Research and Prevention Institute for Occupational Health and Safety (INRS), workplace stress caused 16% of occupational disorders in France in 2020. According to the French Agency for Food, Environmental, and Occupational Health and Safety (ANSES), stress at work was the root cause of 30% of all diseases at work in France in 2019. The expansion of France's corporate wellness sector is fuelled by the rise in chronic illnesses among office workers and the rising investment in programs for stress reduction and mental health.

The European Agency for Health and Safety at Work (EU-OSHA) discovered that 46% of respondents were under extreme time pressure or workload overload in a Flash Eurobarometer poll conducted in 2022. A quarter (26%) of respondents mentioned a lack of cooperation or communication inside their company, while 18% mentioned a lack of autonomy or control over the speed of work or work processes. 16% of respondents said they had experienced violence or verbal abuse from clients or patients, and 7% said they had experienced bullying at work. The EU-OSHA also emphasized the connection between job stress and heart disease in its most recent study, which was released this year.

ADP Research Institute's Workforce View 2020 survey found that 55% of employees in France suffer stress at work each week. Some industries—such as the health, social, artistic, and entertainment sectors—are more impacted than others. A recent poll by Human Footprint and Opinionway in 2022 found that 2.5 million employees in France, or 34% of the workforce, would be in a condition of burnout (also known as "professional exhaustion syndrome") because of the health crisis.

Research by Technologia, a company that specializes in evaluating occupational hazards, found that 3.2 million workers in France, or 12% of the total, are at risk of burnout in 2022. The research concludes that the repercussions are risky not just for people but also for the nation's finances: the Technologia study projected that the societal cost of job stress in France is between 2 and 3 billion euros yearly.

Key Developments:

• In September 2021, the "Alan Mind" mental health support program, which offers access to virtual therapy sessions, meditation classes, and individualized help from mental health professionals, was introduced by Alan, a French digital health insurance firm.
• In March 2021, Amazon launched WorkingWell, a brand-new initiative for improving workplace health and safety which was created by Amazon's 6,200 workers. WorkingWell helps operations staff members recharge and reenergize their bodies and eventually lowers their risk of injury using scientifically validated physical and mental wellness routines, and healthy eating habits.
• In 2023, the SPARK Resilience programme was developed by psychologists to assist individuals in developing resilience—the capacity to successfully adapt to and get through difficult circumstances. It is based on positive psychology and cognitive behavioral therapy principles. At the start of the COVID-19 pandemic, an international team of researchers from France, the UK, and Russia conducted a study on the efficacy of this program for building resilience.

France Corporate Wellness Market Scope:

Segmentation:

• By Type
  • Weight Management and Nutrition
  • Fitness
  • Smoking Cessation
  • Stress Management
  • Others
• By Enterprise Size
  • Small
  • Medium
  • Large
• By Department
  • Paris
  • Hauts-de-Seine
  • Seine-Saint-Denis
  • Yvelines
  • Others