Health & Wellness Services Market Forecasts Rapid Growth, Analyzed Till 2026

The demand for health and wellness services is skyrocketing around the world. Organizations often bear indirect health care costs commonly associated with lack of productivity among employees, loss of work days, absenteeism, and other factors. In response to the prevailing scenario, employers are compelled to indulge in health and wellness services. As per Transparency Market Research (TMR), this trend is driven by the pressing need of improving employee productivity and efficiency. In a report, titled "Health & Wellness Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026," Transparency Market Research offers a holistic overview of the factors boosting the market. The report covers growth drivers and key restrains enabling growth in the global health and wellness services market.

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As per TMR, the global health and wellness services market will significantly gain from the rising allocation of healthcare costs by employers. The increasing incidence of chronic ailments is also likely to positively influence the market. With organizations around the world realizing the benefits of o0ffering health and wellness services to their employees. Against this backdrop, experts foresee rising investment towards corporate wellness programs. Spurred by these factors the global heal and wellness services market is likely to gain impetus.

Various clinical studies are conducted over the last few years to analyze the efficiency of health and wellness services. As a result of implementing corporate health and wellness programs, organizations were able to achieve reduction in healthcare costs and reduce employee absenteeism. On the flip side, reluctance of employees and employers to engage in these programs is a key challenge witnessed by the market players.

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For the purpose of study, the global health and wellness services market can be segmented on the basis of end user, service type, and region. In terms of type, the market can be classified into weight management services, health risk assessment, nutrition services, fitness services, health screenings, stress management services, smoking cessation, and others. Of these, the demand for health risk assessment will accelerate impressively in the coming years on account of the rising awareness around the world and the increasing participation of employees and employers. Other than this, share held by the smoking cessation segment is forecast to increase considerably over the forecast period. Based on end user, the global health and wellness services market can be segmented into employers, consumers or employees, and others.

Regionally, TMR forecasts North America to hold dominance in the global market. The rising adoption of health and wellness programs across organizations in Canada and the US will boost growth prospects in North America. Besides this, Europe and Asia Pacific is expected to show rising demand for health and wellness services. The rising per capita income and increasing awareness will boost the health and wellness services market in emerging nations.

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Some of the leading players operating in the global health and wellness services market are Premise Health Inc., Marino Wellness, Provant Health, Kinema Fitness, Wellness Corporate Solutions, LLC, and Corporate Fitness Works.

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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Transparency Market Research (Tmr) is a U.S.-based provider of syndicated research, customized research, and consulting services.