Increasing Interest of Employers in Employee Wellness Boosts U.S. Corporate Wellness Services Market

Published Date : May 22, 2017

ALBANY, New York, May 22, 2017: has added a new report, titled “The US Corporate Wellness Services Market: Size, Trends & Forecasts (2017-2021),” to its expanding repository of research reports. The report is an all-important tool to understand the various factors that are expected to have a bearing on the growth of the corporate wellness services market in the U.S. for the 2017-2021 period. The report provides valuable insights on the current competitive hierarchy and how it is expected to change over the forecast period.

The report presents an in-depth reports of the corporate wellness services market in the U.S. with market size projections based on past and current market size figures. Furthermore, the report evaluates key opportunities available in this market and looks into market dynamics that will have a bearing on the growth of this market in the forecast period. In this report, the reports includes market share by businesses and market value by products and services. The report is prepared after an extensive research phase. Analysts tapped into industry-centric databases for data collection and used standard analytical tools for data scrutiny.

Workplace wellness involves organizational policy or health promotion activity designed to advocate wellness pursuits at workplaces and to improve health outcomes. An on-site wellness program holds significance as employees spend major part of their day at their workplaces. On-site wellness programs at workplaces can help prevent several chronic diseases. As per statistics of the Center for Disease Control (CDC), chronic diseases account for significant healthcare costs for governments around the world.

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Workplace wellness programs play a major role in improving the health of a nation. For instance, corporate America is the best way to improve the nation’s health with 150 million Americans going to work every day.

The report elucidates various factors driving the growth corporate wellness services market in the U.S. This includes sedentary lifestyle of corporate employees, increasing healthcare cost, growing interest of employers in health of employees, increasing number of white collar employees, and availability of discounted wellness packages.

However, the market faces several growth challenges as well. This includes ineffective execution of wellness services, stringent government regulations, insufficient funds and high cost, insufficient resources, and failure to engage high risk employees.

Nevertheless, the market is expected to be benefited with some growth trends expected to come to the fore. This includes inclusion of incentive programs by employers, increasing investment by mid and small-size private businesses, incorporation of tangible results by employers, launch of mobile-based wellness services, and expansion in untapped markets.

The report mentions top companies operating in the U.S. corporate wellness services market, namely Castilight Health, ClearCost Health, Healthcare Bluebook, Healthsparq, and Vitals. Each of the companies is profiled for their business overview, business strategy, and financial overview.

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