United Kingdom Corporate Wellness Report 2024-2029, Featuring Zevo, ComPsych, Elevate Health, Mantra Care, Healthy Performance, Joyful Living, Reinvent Lifestyle, SuperWellness and Workplace Options

World United Kingdom Company Wellness Market

Dublin, April 22, 2024 (GLOBE NEWSWIRE) — The “United Kingdom Company Wellness Market – Forecasts from 2024 to 2029” report has been added to ResearchAndMarkets.com’s providing.

The UK company wellness market is predicted to develop at a CAGR of 4.72% in the course of the forecast interval thereby reaching a market measurement of US$3.71 billion by 2029 from an preliminary market measurement of US$2.69 billion recorded in 2022.

The company wellness market in the UK is witnessing a notable surge, pushed by a number of key components, such because the rising prevalence of persistent illnesses like weight problems and diabetes. That is contributing to elevated healthcare prices for corporations and better charges of absenteeism amongst staff. To handle these challenges, companies are turning to wellness packages as a strategic funding to mitigate prices and improve total productiveness. Projections from well being.org.uk point out that by 2040, roughly 9.1 million folks in England are anticipated to be dwelling with main sicknesses, additional highlighting the urgency for proactive measures within the company wellness sector. Furthermore, there’s a rising consciousness of the interconnectedness between worker well-being and enterprise efficiency, emphasizing the significance of holistic approaches to well being inside the office.

Furthermore, companies acknowledge the worth of psychological well being assist within the total well-being of their staff. Wellness packages typically embody stress-reduction and mindfulness-training advantages by means of psychological well being counselling, serving to staff handle nervousness and enhance their total psychological resilience. Psychological well being and smoking have grow to be a significant problem for the UK in recent times. For example, in Nice Britain, roughly 8.7% of respondents within the Opinions and Life-style Survey (OPN), equal to round 4.5 million adults, indicated that they presently have interaction in every day or occasional use of e-cigarettes in 2022. This marked a rise from the 2021 information, the place 7.7% of people reported utilizing e-cigarettes on a every day or occasional foundation. According to these traits, companies in the UK are adopting complete wellness packages that embody a variety of companies. These might embody yoga lessons, persistent illness administration, psychological well being counselling, and bodily remedy. Notably, there’s a proactive method towards addressing particular well being considerations, with packages designed to help people in quitting smoking or receiving vitamin counselling. The incorporation of numerous wellness choices will improve the necessity for company wellness market development.

Rising smoking cessation and stress to bolster the market development

The extended work hours, tight deadlines, and conflicting calls for prevalent within the office have a detrimental affect on worker well being, giving rise to each bodily and psychological well being points. This not solely results in decreased productiveness but in addition ends in an uptick in absenteeism. The heightened competitors within the skilled panorama locations undue stress on staff, disrupting the fragile stability between work and private life. A notable illustration of this problem is obvious within the 2023 Office Well being Report by Champion Well being, revealing a big rise within the expertise of moderate-to-high-level stress amongst staff in the UK. The report signifies a rise from 67% in 2022 to 76% in 2023, underscoring the escalating stress ranges confronted by the workforce. This stress phenomenon is intricately linked with smoking habits inside the inhabitants. In 2022, roughly 12.9% of people aged 18 years and above within the UK, totalling round 6.4 million folks, reported smoking cigarettes. The prevalence of present people who smoke was highest amongst these aged 25 to 34 years (16.3%) and lowest amongst these aged 65 years and over (8.3%) in the identical yr. In males, 14.6% of males had been people who smoke, in distinction to 11.2% of females.

Quite a few medical research counsel a connection between smoking and stress, with nicotine dependency probably exacerbating stress ranges. People who smoke describe distinct every day temper patterns, experiencing regular moods whereas smoking however going through worsening moods between cigarettes. This intricate relationship highlights the problem of addressing stress and smoking concurrently. In response to those challenges, organizations just like the Nationwide Centre for Smoking Cessation and Coaching (NCSCT) have emerged. This social enterprise is devoted to supporting the implementation of efficient, evidence-based tobacco management packages and smoking cessation interventions. These initiatives are supplied by means of native stop-smoking companies and collaborations with colleagues within the NHS, aiming to handle the complicated interaction between office stress, smoking habits, and total worker well-being.

Moreover, the UK company wellness market will develop due to the elevated prevalence of persistent illnesses like diabetes and weight problems introduced on by a fast-paced life-style. Furthermore, 76% of employees skilled moderate-to-high or excessive ranges of stress, and 33% mentioned that stress negatively impacts their potential to work. In current occasions, organizations have targeted on selling staff’ psychological & bodily well being, which is predicted to affect the market development positively.

Market Key Developments

• April 2023 – ACAS launched new tips for employers relating to stress administration, as 33% of British employees really feel that their firm doesn’t successfully deal with stress associated to work. Acas employed YouGov to survey British employees about their perceptions of their firm’s efficacy in dealing with stress associated to work. Moreover, in line with the survey, 34% of employees thought their place of employment did a superb job of managing stress, whereas 23% had been not sure. In line with a March ACAS survey, three out of 5 employees (63%) reported feeling beneath stress on account of rising dwelling bills.

Market Segmentation:

By Sort:

By Enterprise Dimension:

By Area:

• England

• Wales

• Scotland

• Northern Eire

Key Attributes:

Key Matters Coated:

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Research
1.4. Market Segmentation
1.5. Foreign money
1.6. Assumptions
1.7. Base, and Forecast Years Timeline
1.8. Key advantages to the stakeholder

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. Analyst View

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s 5 Forces Evaluation
4.4. Business Worth Chain Evaluation
4.5. CXO Perspective

5. UNITED KINGDOM CORPORATE WELLNESS MARKET BY TYPE
5.1. Introduction
5.2. Weight Administration & Health
5.3. Smoking Cessation
5.4. Stress Administration
5.5. Others

6. UNITED KINGDOM CORPORATE WELLNESS MARKET BY ENTERPRISE SIZE
6.1. Introduction
6.2. Small
6.3. Medium
6.4. Giant

7. UNITED KINGDOM CORPORATE WELLNESS MARKET BY REGION
7.1. Introduction
7.2. England
7.3. Wales
7.4. Scotland
7.5. Northern Eire

8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Main Gamers and Technique Evaluation
8.2. Market Share Evaluation
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Aggressive Dashboard

9. COMPANY PROFILES

For extra details about this report go to https://www.researchandmarkets.com/r/r6lmp8

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s main supply for worldwide market analysis studies and market information. We give you the most recent information on worldwide and regional markets, key industries, the highest corporations, new merchandise and the most recent traits.

Attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wooden,Senior Press Supervisor [email protected] For E.S.T Workplace Hours Name 1-917-300-0470 For U.S./ CAN Toll Free Name 1-800-526-8630 For GMT Workplace Hours Name +353-1-416-8900