UK Corporate Wellness Market Size & Outlook, 2023-2030
UK corporate wellness market, 2018-2030 (US$M)
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UK corporate wellness market highlights
- The UK corporate wellness market generated a revenue of USD 3,195.3 million in 2023 and is expected to reach USD 4,775.1 million by 2030.
- The UK market is expected to grow at a CAGR of 5.9% 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 3,195.3 million |
| Market revenue in 2030 | USD 4,775.1 million |
| Growth rate | 5.9% (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, UK accounted for 5.8% 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 Europe, Germany corporate wellness market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 4,509.4 million by 2030.
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Corporate Wellness Market Scope
Corporate Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK 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 21.68% in 2023. Horizon Databook has segmented the UK 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.
Many companies in the UK offer employees with Private Medical Insurance (PMI), which covers several unexpected short-term diseases and assists employees by providing them with access to private hospitals and healthcare centers.
This is generally implemented to reduce absenteeism and healthcare costs. However, some organizations offer a health cash plan. This cost-effective insurance plan reimburses partial or full amount to the employees.
Many companies initiated the Fit for Work service, which offers a tax benefit of USD 663.34 per year. This is generally paid to the employers on implementation of healthcare plans. Employers also provide their employees with paid gym memberships.
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Target buyers of UK 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 UK corporate wellness market , including forecasts for subscribers. This country databook contains high-level insights into UK corporate wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK corporate wellness market size, by service, 2018-2030 (US$M)
UK Corporate Wellness Market Outlook Share, 2023 & 2030 (US$M)
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