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Saturday, 28 January 2023
The North American Corporate Wellness Market to 2030 – Featuring Apple, Google and Cigna Among Others

The North American Corporate Wellness Market to 2030 – Featuring Apple, Google and Cigna Among Others

2022-10-30

The global wellness market is forecast to grow from $3.6 trillion in 2016 to $6.3 trillion by 2030, according to a new report from research and consulting firm Jones Lang LaSalle. The market for wellness and health care services is expected to grow at a much faster pace than the general economy. This is due in part to the increasing number of people who are looking to improve their health and well-being.

With so many companies looking to cut ties with unhealthy

and unhealthy-tasting products, wellness and health care services are emerging as one of the most promising new revenue streams for corporations.

For example, in the food industry, companies have begun to explore the opportunity for healthier alternatives to traditional meals. In the technology sector, companies have begun to explore the opportunity for healthier alternatives to traditional internet services. And in the wellness and health care services industry, companies are exploring the opportunity for healthier alternatives to traditional pharmaceuticals and herbal remedies.

What is the scope of the North American Corporate Wellness Market?
The scope of the market covered in this report includes hardware and software, devices, products and services, as well as regulatory factors. The hardware and software components of a company’s wide range of products are almost always local. The devices, products and services of a company’s business unit may vary from those of other business units in the same company. Regulatory factors, such as tax laws and the ability of businesses to operate internationally, are only briefly touched upon in this report.

There are a number of reasons why the North American corporate wellness market is growing so rapidly. The first is that there is an increasing number of companies looking to cut ties with unhealthy and unhealthy-tasting products. This includes companies that produce sugary drinks, snacks and other foods, as well as big name brands such as Coca-Cola, Pepsi, Dr Pepper and other fizzy drinks.

Additionally, consumers are becoming more health conscious, and are looking for healthier options. In addition, health care is a growing part of the business landscape, and many companies are looking to strengthen their wellness offerings in order to appeal to a wider range of customers.

Why is the North American Corporate Wellness Market growing?
In order to succeed in the corporate wellness realm, companies need a strategy to growth. There are a number of ways that companies can grow their business in this industry, but the easiest way is through acquisitions. Acquisitions, in and of themselves, are rarely a sign of success for a company. Success for an acquirer can often be boiled down to two words – profit. However, acquisitions that are catered towards the long-term growth of a company are usually more successful. Companies that are able to acquire businesses with a long-term view, and grow these businesses through organic growth, are able to reap the long-term benefits that come with successful acquisitions.

 

Additionally, the North American corporate wellness market is seeing a shift in the way that companies are marketing and selling their products. Companies are now focusing more on the service side of the wellness equation, rather than the products themselves – which are often expensive to provide. This shift is partly driven by a desire to focus less on the negative side effects of certain products, and more on the health benefits. Additionally, there will be an increasing number of companies entering the market, and existing competitors are eager to gain a competitive advantage.

Key trends impacting the North American Corporate Wellness Market
Healthy living – Consumers are now looking for healthier options compared to a few years ago. With this shift in consumer preferences, and the fact that a larger percentage of the population is becoming more health conscious, there is an increased demand for healthy products. The growth in the corporate wellness market is expected to be driven by the following key trends:

– Globalization – Globalization is already occurring, and will likely accelerate over the next few years. More people will be able to purchase healthy products and services from more locations, which should result in stronger demand for healthy products and services. Additionally, there is a chance that regulatory factors will change, which could result in more stringent rules regarding the promotion and sale of healthy foods and beverages.

– Diverse cultures – Cultures around the world are becoming more diverse. This is already happening at a global level, and is likely to accelerate over the next decade. More countries will be able to join the ranks of the healthy by strengthening their health care systems. Diversity of thought, as well as of product, service and location are two of the many benefits that will result from this.

– Social media – Social media is already having a huge impact on marketing and branding – and will likely continue to do so. Companies need to take advantage of this, while they can. Not only do consumers use social media, but businesses also have an opportunity to engage with their customers through social media. This can be a great way to build loyalty and brand recognition, as well as to solicit feedback and recommendations on products and services.

Concluding remarks
The North American corporate wellness market is forecast to grow from $3.6 trillion in 2016 to $6.3 trillion by 2030, according to a new report from research and consulting firm Jones Lang LaSalle. The market for wellness and health care services is expected to grow at a much faster pace than the general economy. This is due in part to the increasing number of people who are looking to improve their health and well-being.

With so many companies looking to cut ties with unhealthy and unhealthy-tasting products, wellness and health care services are emerging as one of the most promising new revenue streams for corporations. With sales of healthy food and drinks increasing, and obesity rates increasing in many parts of the world, the need for healthier alternatives is critical.

For example, in the food industry, companies have begun to explore the opportunity for healthier alternatives to traditional meals. In the technology sector, companies have begun to explore the opportunity for healthier alternatives to traditional internet services. And in the wellness and health care services industry, companies are exploring the opportunity for healthier alternatives to traditional pharmaceuticals and herbal remedies.

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