New York, United States , March 06, 2024 (GLOBE NEWSWIRE) -- The Global Workplace Stress Management Market Size is to Grow from USD 10.90 Billion in 2023 to USD 16.77 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.40% during the projected period.
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Workplace stress management involves to the strategy, approaches, and interventions used to reduce and ameliorate the harmful effects of stress on employees in the workplace. It includes a number of ways for detecting, avoiding, and managing with workplace stresses. Promoting work-life balance, implementing stress reduction programs, cultivating a supportive organizational culture, providing mindfulness and relaxation resources, offering employee assistance programs, and encouraging open communication channels are all examples of effective stress management initiatives. The global workplace stress management market is being pushed by a number of factors, including a rise in the frequency of mental diseases worldwide. Metal disorders, such as depression, anxiety, and chronic fatigue, are becoming increasingly widespread. In addition, the growing emphasis on health and safety requirements, as well as the popularity of yoga and other health-related activities, are expected to fuel market growth throughout the forecast period.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Workplace Stress Management Market Size, Share, and COVID-19 Impact Analysis, By Delivery Mode (Individual Counselors, Personal Fitness Trainers, & Others), By Activity (Indoor, Outdoor), By End User (Small organization, Medium Organization & Large Organization), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033."
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The personal fitness trainer segment is expected to hold the largest share of the global workplace stress management market during the predicted timeframe.
On the basis of delivery mode, the global workplace stress management market is divided into individual counselors, personal fitness trainers, and others. The personal fitness trainer segment is expected to hold the largest share of the global workplace stress management market during the predicted timeframe. Proactive employee well-being is improving business earnings through improved benefits, working methods, and communication. Personal trainers are help manage stress, and the pharmaceutical specialist's market sector is expected to experience profitable market expansion in the workplace stress management research period.
The indoor segment is expected to grow at the fastest pace in the global workplace stress management market during the estimated period.
On the basis of the activity, the global workplace stress management market is divided into indoor and outdoor. Among these, the indoor segment is expected to grow at the fastest pace in the global workplace stress management market during the estimated period. App-based tension management services and data analytics platforms, like Appster and Google's "Search inside you" and "gPause" communities, have gained market share due to perks and mindfulness promotion.
The large organization segment is expected to grow at the fastest pace in the global workplace stress management market during the anticipated period.
On the basis of the end user, the global workplace stress management market is divided into small organization, medium organization, and large organization. Among these, the large organization segment is expected to grow at the fastest pace in the global workplace stress management market during the anticipated period. Large-scale organizations have the financial means and personnel to apply such pressure management measures. However, the medium-sized business market sector is predicted to have lucrative market growth over the workplace stress management research period.
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North America is anticipated to hold the largest share of the global workplace stress management market over the predicted timeframe.
North America is anticipated to hold the largest share of the global workplace stress management market over the predicted timeframe. Regional market expansion is driven by COVID-19 employee layoffs, increased workload, and a favourable regulatory framework for workplace stress management. Government is addressing employee tiredness and implementing measures.
Throughout the projected period, Europe is anticipated to increase at the quickest rate. High levels of stress at work can be caused by a variety of factors, including high job expectations, long working hours, and employment insecurity. A competitive employment market, growing healthcare costs, and an emphasis on employee well-being are some other factors driving up demand for stress management services.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Workplace Stress Management Market include Headspace, Calm, BetterUp, Lyra Health, Modern Health, Ginger, Unmind, LifeDojo, Whil Concepts, Virgin Pulse, meQuilibrium, Happify Health, Lantern, Spring Health, Talkspace, 7 Cups & Others.
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Recent Developments
- In January 2024, Headspace, has merged with Ginger, an on-demand mental health business, is combining professional mental health services and mindfulness material into a single platform.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Workplace Stress Management Market based on the below-mentioned segments:
Global Workplace Stress Management Market, By Delivery Mode
- Individual Counselors
- Personal Fitness Trainers
- Others
Global Workplace Stress Management Market, By Activity
- Indoor
- Outdoor
Global Workplace Stress Management Market, By End User
- Small Organization
- Medium Organization
- Large Organization
Global Workplace Stress Management Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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