India Corporate Wellness Market

Market Overview:

India corporate wellness market size reached INR 18.5 Billion in ​2023​. Looking forward, IMARC Group expects the market to reach INR 31.7 Billion by ​2032​, exhibiting a growth rate (CAGR) of 5.50% during 2024-2032. The rising emphasizes among organizations to create workplace culture that contribute to the holistic health and success of both employees and the businesses they serve is primarily driving the market growth.

Corporate wellness pertains to the set of workplace initiatives, policies, and programs designed to foster healthy behaviors and positively impact the health outcomes of employees. Encompassing aspects of physical, mental, and emotional health, corporate wellness initiatives provide resources and incentives that encourage healthy lifestyles, such as fitness classes, nutritional education, and stress management training. These efforts are instrumental in the prevention and management of chronic diseases, stress reduction, and the improvement of overall life satisfaction among employees. Corporate wellness programs play a crucial role in talent acquisition and retention by showcasing an employer's commitment to the well-being of their workforce. Many companies go beyond traditional offerings by providing gym memberships, healthy meals, and educational resources covering a spectrum of topics from sleep hygiene to financial well-being. This comprehensive approach not only contributes to the health and happiness of employees but also fosters a positive and supportive workplace culture. By addressing multiple dimensions of wellness, including physical fitness, mental health, and lifestyle choices, corporate wellness programs create an environment conducive to employee productivity, satisfaction, and engagement.

India Corporate Wellness Market Trends:

The corporate wellness market in India has emerged as a dynamic sector, reflecting the growing recognition of the impact of employee well-being on organizational success. In India, this market has witnessed significant growth as employers increasingly prioritize the physical, mental, and emotional well-being of their workforce. Additionally, corporate wellness programs in India are designed to offer a holistic approach to employee health, incorporating elements such as physical fitness, mental health support, and lifestyle education. Apart from this, beyond the direct benefits to employees, corporate wellness initiatives in India also play a strategic role in talent acquisition and retention. By demonstrating a commitment to the well-being of their staff, organizations enhance their attractiveness as employers. Moreover, many businesses go a step further by offering perks like gym memberships, healthy meals, and educational resources covering topics ranging from sleep hygiene to financial wellness. Besides this, the inflating need for improving employee well-being is expected to fuel the market growth across India in the coming years.

India Corporate Wellness Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on service, category, delivery, and organization size.

Service Insights:

• Health Risk Assessment
• Fitness
• Smoking Cessation
• Health Screening
• Nutrition and Weight Management
• Stress Management
• Others
   

The report has provided a detailed breakup and analysis of the market based on the service. This includes health risk assessment, fitness, smoking cessation, health screening, nutrition and weight management, stress management, and others.

Category Insights:

• Fitness and Nutrition Consultants
• Psychological Therapists
• Organizations/Employers
   

A detailed breakup and analysis of the market based on the category have also been provided in the report. This includes fitness and nutrition consultants, psychological therapists, and organizations/employers.

Delivery Insights:

• Onsite
• Offsite
   

The report has provided a detailed breakup and analysis of the market based on the delivery. This includes onsite and offsite.

Organization Size Insights:

• Small Scale Organizations
• Medium Scale Organizations
• Large Scale Organizations
   

A detailed breakup and analysis of the market based on the organization size have also been provided in the report. This includes small scale organizations, medium scale organizations, and large scale organizations.

Regional Insights:

• North India
• West and Central India
• South India
• East and Northeast India
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North India, West and Central India, South India, and East and Northeast India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Corporate Wellness Market Report Coverage:

Key Questions Answered in This Report:

• How has the India corporate wellness market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the India corporate wellness market?
• What is the breakup of the India corporate wellness market on the basis of service?
• What is the breakup of the India corporate wellness market on the basis of category?
• What is the breakup of the India corporate wellness market on the basis of delivery?
• What is the breakup of the India corporate wellness market on the basis of organization size?
• What are the various stages in the value chain of the India corporate wellness market? 
• What are the key driving factors and challenges in the India corporate wellness?
• What is the structure of the India corporate wellness market and who are the key players?
• What is the degree of competition in the India corporate wellness market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India corporate wellness market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the India corporate wellness market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India corporate wellness industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.