Employers Incorporating Corporate Wellness Programs in Workplaces to Create Holistic Environment

The World Health Organization (WHO) stated that over 1.9 billion adults across the world were overweight in 2016. Of these, more than 650 million adults were obese. Furthermore, the International Diabetes Federation (IDF) estimates that around 700 million adults within the age group of 20–79 years will be living with diabetes by 2045. 

The increasing prevalence of such lifestyle-associated diseases can be attributed to the changing forms of transformation, accelerating urbanization rate, and surging shift toward sedentary lifestyle. Thus, the rising incidence of lifestyle-related ailments and chronic diseases will boost the corporate wellness market growth during 2021–2030. 

According to P&S Intelligence, the market was valued at around $51 billion in 2020 and it is expected to generate about $100 billion revenue by 2030. For instance, the WHO estimates that around 17.9 million deaths occur due to cardiovascular diseases (CVDs) each year, globally. The number of cases of CVDs is increasing due to the unhealthy diet, tobacco consumption, excessive alcohol consumption, and physical inactivity.

Moreover, the increasing number of mental wellness programs at workplaces is a key trend in the market. Intense work pressure is taking a toll on the mental health of employees, owing to which they are preferring a holistic work environment. To offer a holistic work environment, employers are focusing on sleep and stress management programs to assist employees in balancing their life. 

For example, in July 2020, Google LLC initiated the "TEA Check-ins" program within its employee training regimen to address workplace-related exhaustion and stress. Thus, the growing prevalence of chronic and lifestyle-related diseases and the increasing implementation of wellness programs in enterprises will fuel the need for corporate wellness services, worldwide.

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