Dublin, Jan. 24, 2024 (GLOBE NEWSWIRE) -- The "Workplace Stress Management Market Global Report 2024" report has been added to ResearchAndMarkets.com's offering.
The workplace stress management market has grown rapidly in recent years. It will grow from $9.55 billion in 2023 to $10.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The workplace stress management market is expected to see rapid growth in the next few years. It will grow to $15.85 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%.
The anticipated expansion in the forecast period can be credited to challenges associated with remote work, the formulation of corporate mental health policies, a heightened emphasis on mental health advocacy, the introduction of tailored stress reduction programs, and prevailing global economic conditions.
Major trends expected in the forecast period encompass the adoption of flexible work arrangements, the introduction of workshops and training for stress reduction, the incorporation of employee assistance programs, a focus on fostering a positive workplace culture, and the acknowledgment of burnout as a significant concern.
The surge in the popularity of yoga is anticipated to drive the growth of the workplace stress management market in the future. Yoga, primarily a spiritual practice, focuses on achieving harmony between the body and mind, relying on a delicate science. Its emphasis on mental and physical relaxation contributes to stress and anxiety reduction.
The physical postures involved in yoga enhance flexibility, relieve tension, and alleviate pain. The integration of yoga into professional workplaces is fostering demand for workplace stress management services. Notably, around 300 million people globally practice yoga, as reported by Yoga Basics, a US-based online resource for yoga. Consequently, the growing popularity of yoga is expected to propel the expansion of the workplace stress management market.
The increasing number of working individuals in developed countries is poised to drive the growth of the workplace stress management market. Working individuals are those actively engaged in employment or labor for livelihood. With the workforce expanding, the prevalence of workplace stress may rise, prompting organizations to invest in stress management programs and solutions.
Technological advancements emerge as a key trend where organizations are increasingly adopting advanced solutions to assist employees in relaxing their minds and effectively managing stress. A notable example is Talkspace, a US-based digital behavioral technology healthcare company, which introduced Talkspace Self-Guided in April 2022.
This suite of offerings for employers is designed to help managers, executives, and teams prioritize mental wellness and emotional intelligence both within and outside the workplace. The single smartphone app, built on attachment therapy principles, provides employees with tried-and-true mental health training accessible anonymously at any time.
Major companies in the workplace stress management market are strategically focusing on the introduction of employee engagement platforms, such as the ASHA platform, to enhance their competitiveness. The ASHA platform serves as a comprehensive employee engagement and wellness solution, aiming to elevate workplace satisfaction and productivity through personalized programs and insights.
North America was the largest region in the workplace stress management share market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The countries covered in the workplace stress management market market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Key Topics Covered:
1. Executive Summary
2. Workplace Stress Management Market Characteristics
3. Workplace Stress Management Market Trends and Strategies
4. Workplace Stress Management Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Workplace Stress Management Market Size and Growth
5.1. Global Workplace Stress Management Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Workplace Stress Management Market Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Workplace Stress Management Market Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Workplace Stress Management Market Segmentation
6.1. Global Workplace Stress Management Market, Segmentation by Service, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Stress Assessment
- Yoga and Meditation
- Resilience Training
- Progress Tracking Metrics
- Other Services
6.2. Global Workplace Stress Management Market, Segmentation by Delivery Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Individual Counselors
- Personal Fitness Trainers
- Meditation Specialists
- Other Delivery Modes
6.3. Global Workplace Stress Management Market, Segmentation by Activity, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Indoor
- Outdoor
6.4. Global Workplace Stress Management Market, Segmentation by End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
- Large Private Organizations
- Mid-Sized Private Organizations
- Small Private Organizations
- NGO
- Public sector
7. Workplace Stress Management Market Regional and Country Analysis
7.1. Global Workplace Stress Management Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Workplace Stress Management Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
A selection of companies mentioned in this report includes
- CVS Health Payor Solutions
- Fitbit Inc.
- Asset Health Inc
- ComPsych Corporation
- CuraLinc Healthcare LLC
- Marino Wellness LLC
- Wellness Corporate Solutions LLC
- Wellsource Inc.
- Sol Wellness LLC
- Central Corporate Wellness Pte. Ltd.
- Truworth Health Technologies Private Limited
- ACAP HealthWorks
- Animo B.V.
- BHS International Ltd
- Canopy Inc.
- eMindful Inc.
- Happify Health
- Headspace Inc.
- LifeDojo Inc.
- Magellan Health Inc.
- Mindario Inc.
- SilverCloud Health Limited
- Total Brain Limited
- Whil Concepts Inc.
- Workplace Options LLC
- 2Morrow Inc.
- Audink Inc.
- BetterUp Inc.
- Castlight Health Inc.
- The Cigna Group
For more information about this report visit https://www.researchandmarkets.com/r/p95fp5
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