Middle East & Africa Corporate Wellness Market Size & Outlook
Middle East & Africa corporate wellness market, 2018-2030 (US$M)
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MEA corporate wellness market highlights
- The MEA corporate wellness market generated a revenue of USD 1,156.9 million in 2023.
- The market is expected to grow at a CAGR of 3.6% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,156.9 million |
| Market revenue in 2030 | USD 1,485.1 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Health risk assessment |
| Fastest growing segment | Stress Management |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 2.1% of the global corporate wellness market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 14,546.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Corporate Wellness Market Scope
Corporate Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 Middle East & Africa 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 growth in this region is expected to be static as compared to the other regions. This is mainly due to lack of awareness about these programs. In addition, in countries such as the UAE, acceptance is low and skepticism is high, further blocking the growth of the market. However, in countries such as South Africa, the South African Board for People Practices (SABPP) implemented few wellness laws for employees.
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Target buyers of Middle East & Africa 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 continent-level data and insights on the Middle East & Africa corporate wellness market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa corporate wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA corporate wellness market size, by country, 2018-2030 (US$M)
Middle East & Africa Corporate Wellness Market Outlook Share, 2023 & 2030 (US$M)
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