USA Corporate Wellness Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Weight Management & Fitness, Smoking Cessation, Stress Management), By Enterprise Size (Small, Medium, Large) - Forecasts From 2023 To 2028

An employer's strategy for creating a healthy work environment is to implement a business wellness program. To promote the well-being of its employees, it incorporates wellness practices into everyday living. The decline in employee healthcare expenses as a whole and the rising incidence of chronic illnesses are anticipated to drive market expansion. The contemporary business world has shown to be dependent on a healthy workforce. Employers who make their workers feel appreciated can expect them to work harder. About 60% of workers agree that business wellness initiatives have influenced them to choose a healthy lifestyle outside of work.

Rising stress presents a lucrative market growth for USA corporate wellness

Workplace stress is common among adults in the United States and has been steadily increasing over the last few decades due to which there is a need for stress management that can help employees to reduce their stress levels. The American Institute of Stress stated, in September 2019 that approximately 85% of employees in the United States suffer from work-related stress, which costs employers approximately USD 300 billion per year. Additionally, according to SHRM, treating depression alone costs about 110 billion USD annually, with half of that money going toward treating workers. This shows that stress management will hold a significant market and is required incorporation which will boost the USA corporate wellness market growth.

Increasing market player’s engagement will drive the USA corporate wellness market growth

Several market participants are implementing strategic initiatives, thereby adding to market development. In June 2021, Peloton Interactive Inc., located in the United States, launched a corporate wellness program to attract new users and expand its membership base. Sky, Samsung, SAP, and Wayfair are some of the first businesses to join the effort. In August 2021, TRX, a global leader in functional training products and world-class training content headquartered in the United States, introduced TRX for Employee Wellbeing. This program allows companies of all sizes to provide their workers with a discounted membership to the TRX Training Club, increasing TRX's presence in the corporate wellness market. This shows that increasing corporate wellness program launches in the USA will boost the region’s corporate wellness market growth.

Market key developments

• In January 2021, United Health Group (USA) started virtual primary care for employees to manage chronic conditions.
• In April 2021, Workplace Options (US) introduced a new program to help workers who are suffering from or at risk of burnout through coaching sessions and live therapy.

Segmentation

• By Type
  • Weight Management & Fitness
  • Smoking Cessation
  • Stress Management
  • Others
• By Enterprise Size
  • Small
  • Medium
  • Large