United Kingdom Workplace Wellness Market Forecast 2023-2030
KEY FINDINGS
The United Kingdom workplace wellness market is set to progress with a CAGR of 6.98% in terms of revenue across the projection period of 2023 to 2030. The market growth of the country is accredited to concerns regarding employee well-being, government backing, the escalating costs of healthcare, and the repercussions of the COVID-19 pandemic.
MARKET INSIGHTS
According to the Health Survey for England in 2021, a substantial 79% of employed individuals in Britain encountered work-related stress. This makes work-related stress the predominant form of stress experienced in the United Kingdom. The Work-Related Stress, Depression, or Anxiety Statistics in Great Britain for 2021 reveal an upward trajectory in work-related stress, marking an increase from 59% in 2019. It’s noteworthy that stress doesn’t dissipate once the workday concludes, a pattern consistent with findings from previous years.
The nature of the second most prevalent stress type has undergone a shift in 2021, transitioning from household stress, which held this position in 2019, to financial/monetary stress, impacting 60% of individuals. These dynamics collectively contribute to a conducive environment for the workplace wellness market growth in the United Kingdom during the forecast period.
COMPETITIVE INSIGHTS
Some of the top companies operating in the market are Quest Diagnostics, Fitbit Inc, Optum Inc, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Methodology
- 1.3. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Scope Of Study
- 2.5. Crisis Scenario Analysis
- 2.5.1. Impact Of Covid-19 On Workplace Wellness Market
- 2.6. Major Market Findings
- 2.6.1. Holistic Approach Of Workplace Wellness Programs
- 2.6.2. Health Risk Assessments Offer A Proactive Approach To Employee Health
- 2.6.3. Digital And Social Platforms’ Increasing Demand For Workplace Wellness Programs
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Shift Towards Remote Work And Flexible Work Arrangements
- 3.1.2. Increasing Investments In Preventive Care Leading To Reduced Healthcare Costs
- 3.1.3. Lower Employee Productivity Due To Prevalence Of Chronic Diseases
- 3.2. Key Restraints
- 3.2.1. High Implementation Costs
- 3.2.2. Lack Of Clear Knowledge Among Employees
- 4. Key Analytics
- 4.1. Key Market Trends
- 4.2. Porter’s Five Forces Analysis
- 4.2.1. Buyers Power
- 4.2.2. Suppliers Power
- 4.2.3. Substitution
- 4.2.4. New Entrants
- 4.2.5. Industry Rivalry
- 4.3. Growth Prospect Mapping
- 4.3.1. Growth Prospect Mapping For United Kingdom
- 4.4. Market Concentration Analysis
- 4.5. Key Buying Criteria
- 5. Market By Service
- 5.1. Health Risk Assessment
- 5.1.1. Market Forecast Figure
- 5.1.2. Segment Analysis
- 5.2. Nutrition And Weight Management
- 5.2.1. Market Forecast Figure
- 5.2.2. Segment Analysis
- 5.3. Smoking Cessation
- 5.3.1. Market Forecast Figure
- 5.3.2. Segment Analysis
- 5.4. Fitness Services
- 5.4.1. Market Forecast Figure
- 5.4.2. Segment Analysis
- 5.5. Biometric Screening
- 5.5.1. Market Forecast Figure
- 5.5.2. Segment Analysis
- 5.6. Alcohol/Substance Abuse Services
- 5.6.1. Market Forecast Figure
- 5.6.2. Segment Analysis
- 5.7. Mental/Behavioral Health Management
- 5.7.1. Market Forecast Figure
- 5.7.2. Segment Analysis
- 6. Market By End-user
- 6.1. Large Organizations
- 6.1.1. Market Forecast Figure
- 6.1.2. Segment Analysis
- 6.2. Mid-size Organizations
- 6.2.1. Market Forecast Figure
- 6.2.2. Segment Analysis
- 6.3. Small Organizations
- 6.3.1. Market Forecast Figure
- 6.3.2. Segment Analysis
- 6.4. Ngo
- 6.4.1. Market Forecast Figure
- 6.4.2. Segment Analysis
- 6.5. Public Sector
- 6.5.1. Market Forecast Figure
- 6.5.2. Segment Analysis
- 7. Competitive Landscape
- 7.1. Key Strategic Developments
- 7.1.1. Mergers & Acquisitions
- 7.1.2. Product Launches & Developments
- 7.1.3. Partnerships & Agreements
- 7.1.4. Business Expansions & Divestitures
- 7.2. Company Profiles
- 7.2.1. Compsych Corporation
- 7.2.1.1. Company Overview
- 7.2.1.2. Service List
- 7.2.1.3. Strengths & Challenges
- 7.2.2. Fitbit Inc
- 7.2.2.1. Company Overview
- 7.2.2.2. Service List
- 7.2.2.3. Strengths & Challenges
- 7.2.3. Optum Inc
- 7.2.3.1. Company Overview
- 7.2.3.2. Service List
- 7.2.3.3. Strengths & Challenges
- 7.2.4. Quest Diagnostics
- 7.2.4.1. Company Overview
- 7.2.4.2. Service List
- 7.2.4.3. Strengths & Challenges
- 7.2.5. Virgin Pulse Inc
- 7.2.5.1. Company Overview
- 7.2.5.2. Service List
- 7.2.5.3. Strengths & Challenges
- 7.2.6. Vitality Group
- 7.2.6.1. Company Overview
- 7.2.6.2. Service List
- 7.2.6.3. Strengths & Challenges
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