Rising Capital Expenditure of Private Sector to Boost Global Corporate Wellness Software Market

Published On : 18 Dec 2018

The Corporate wellness software is software that is utilized by the human resource department to manage and improve well being and worker health. This is one of the key factors propelling growth of the global corporate wellness software in coming years. Moreover, government stringent policy and regulation along with growing health concern among the key players likely to stimulate growth of this market in coming years. 

The rising awareness about chronic diseases such as diabetes and obesity expected to support growth of this market in near future. The federation legislation has also been introduced to cut sought the healthcare cost. This likely to boost growth of this market in near future. Surge in expenditure on healthcare expected to push growth of this market in coming years. Nevertheless, the growing number of service sector employee expected to influence growth of the global corporate wellness software market

Fitness and High Risk Assessment Service Segment to Dominate Global Market

Based on service, high risk assessment segment holds maximum share in the global corporate wellness software market. Moreover, fitness segment account for second lucrative service segment. Also, due to rise in government fitness program likely to boost growth of this market in coming years. Fitness program also provide the accurate health status of the employee health and further recommendation. 

North America Expected to be Most Lucrative Market for Corporate Wellness

On the geographical standpoint, North America likely to dominates the global corporate wellness software market. Owing to increased government initiative toward corporate wellness fitness and due to surge in the number of white collar employee likely to fuel market growth. Also, presence of various providers for the corporate wellness service expected to supplement growth of the North America’s corporate wellness software market. In addition, U.S. holds maximum share in the North America due to growing corporate wellness service and awareness among the employees about chronic diseases. This is likely to boost growth of the corporate wellness service market in this region.

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Presence of small and large scale Players to Boost Market for Corporate wellness

The global corporate wellness software market is fragmented in structure due to presence of large and small scale players for corporate wellness software market. The research report also offers players operating in the global corporate wellness market. Few players operating in the global corporate wellness market include ComPsych Corporation, Central Corporate Wellness, CXA Group Pte. Limited, ComPsych Corporation, EXOS, Optum, Inc. and Sodexo, The global corporate wellness is fragmented in structure owing to presence of regional players operating at country level. Therefore, no major players with strong geographical presence function in the global corporate wellness software market.

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