Know about Workplace Wellness

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The global workplace wellness market was valued at $46.08 billion 2018 and is expected to reach $74.00 billion by 2026, registering a CAGR of 6.1% from 2019 to 2026. Workplace wellness programs are executed by the employers for managing the overall health issues of their employees and includes programs, policies, and others These worksite health programs are now becoming an important part that combines individual and organizational level strategies and interventions to influence health. The wellness program approaches certain policies and interferences that address multiple risk factors and health conditions and plan strategies that may influence multiple organization levels including individual employee behavior change, organizational culture, and worksite environment. 

Surge in prevalence of chronic diseases across the globe and adoption of sedentary lifestyle are the major factors drive that drive the market growth for workplace wellness. In addition, economic benefits offered by these programs, rise in awareness, and implementation of wellness programs by employers further propel the workplace wellness market growth. However, huge cost for companies to adopt workplace wellness plans is anticipated to hamper the market growth. Moreover, significant focus by the public and private sector of developing economies toward improvement in health of their employees is predicted to create lucrative opportunities in the future. 

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