India Corporate Wellness Market Size & Outlook, 2023-2030
India corporate wellness market, 2018-2030 (US$M)
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India corporate wellness market highlights
- The India corporate wellness market generated a revenue of USD 1,632.5 million in 2023 and is expected to reach USD 2,563.4 million by 2030.
- The India market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, health risk assessment was the largest revenue generating service in 2023.
- Stress Management is the most lucrative service segment registering the fastest growth during the forecast period.
Corporate wellness market data book summary
| Market revenue in 2023 | USD 1,632.5 million |
| Market revenue in 2030 | USD 2,563.4 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Health risk assessment |
| Fastest growing segment | Stress Management |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management |
| Key market players worldwide | ComPsych, Wellness Corporate Solutions, EXOR NV, Marino Wellness, Privia Health Group Inc, Wellsource, Truworth Wellness |
Other key industry trends
- In terms of revenue, India accounted for 3.0% of the global corporate wellness market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan corporate wellness market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,563.4 million by 2030.
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Corporate Wellness Market Scope
Corporate Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
India corporate wellness market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corporate wellness market will help companies and investors design strategic landscapes.
Health risk assessment was the largest segment with a revenue share of 19.44% in 2023. Horizon Databook has segmented the India corporate wellness market based on health risk assessment, fitness, smoking cessation, health screening, nutrition & weight management, stress management covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of a large number of industries of all sizes is likely to be a driving factor for corporate wellness programs. In addition, changes in individual lifestyle have led to a growing prevalence of stress, obesity, and other health problems.
Employers have realized that in order to increase productivity and reduce absenteeism & attrition, they have to introduce wellness programs. Currently, the growth of the corporate wellness market is sporadic, but it is anticipated to show rapid growth over the forecast period. However, adoption rates and engagement could be hindered due to absence of individual and customized programs.
According to a study by Assocham, if corporate wellness programs have been successfully implemented, it could save more than USD 20 billion and reduce the rate of absenteeism by almost 1%. It has also been found that corporate wellness programs help employers save almost USD 1.93 on absenteeism costs, and USD 0.90 in healthcare costs.
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Target buyers of India corporate wellness market databook
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Our clientele includes a mix of corporate wellness market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India corporate wellness market , including forecasts for subscribers. This country databook contains high-level insights into India corporate wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India corporate wellness market size, by service, 2018-2030 (US$M)
India Corporate Wellness Market Outlook Share, 2023 & 2030 (US$M)
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