South & Central America Well-Being Platform Market Forecast to 2030 - Regional Analysis - by Service, Category, Delivery Model, and End User

Description

List of Tables

The South & Central America well-being platform market was valued at US$ 18,148.07 million in 2022 and is expected to reach US$ 29,342.57 million by 2030; it is estimated to grow at a CAGR of 6.2% from 2022 to 2030.

Rise in Workplace-Associated Disorders Fuels the South & Central America Well-Being Platform Market

According to a report by the World Health Organization (WHO), employed individuals account for more than 50% of the global population, and 15% of these are living with mental disorders. Without effective support, mental disorders can hamper a person's confidence and productivity, and increase absenteeism. Annually, 12 billion working days are lost due to depression and anxiety. However, work-related mental health conditions can be averted by managing psychological risks at the workplace and implementing organizational interventions that directly target working conditions and environments. Additionally, the increasing implementation of health risk assessment (HRA) at the workplace is one of the best solutions to tackle physical and mental health conditions.

According to the KFF 2023 report, in 2019, 84% of large firms (200 or more workers) offered workplace wellness programs for their employees to encourage them to quit smoking, lose weight, adopt a healthy lifestyle, and take behavioral coaching courses. 4%. of large firms have wellness programs that focus on health screening Further, the implementation of HRAs has increased among large firms, resulting in offering health benefits rising from 47% in 2008 to 65% in 2019. Several employers also offer monetary incentives to encourage employees to disclose health information during HRAs. A small percentage of large employers also offer incentives to achieve optimal health conditions such as maintaining body mass index (BMI) or cholesterol levels within the specified range. Thus, the wellness platform market is growing with an upsurge in the cases of workplace-associated disorders.

South & Central America Well-Being Platform Market Overview

During the COVID-19 pandemic in Brazil, companies were forced to implement effective business strategies to sustain business, as per the Information Services Group (ISG) report. Also, in Brazil, holistic and strategic management of human resources acts as an integral part of decision-making in the companies. In Brazil, compared to other regions, companies are incorporating new technologies, processes, services, governance, and security tools to maximize employee satisfaction in engagement, productivity, and creativity owing to the rising incidence of work stress results in disruptions. This is increasing the adoption of employee wellness among various organizations. In Brazil, the ISG Provider Lens Future of Work-Services and Solutions report evaluates the capabilities of 24 providers across two quadrants-Workplace Strategy Transformation Services and Managed Workplace services-with a major focus on technology, digital service desk, workplace support services, and managed employee experience services.

South & Central America Well-Being Platform Market Revenue and Forecast to 2030 (US$ Bn)

South & Central America Well-Being Platform Market Segmentation

The South & Central America well-being platform market is segmented into service, category, delivery model, end user, and country.

Based on service, the South & Central America well-being platform market is segmented into health risk assessment, fitness, smoking cessation, health screening, nutrition & weight management, stress management, comprehensive well-being, and others. The comprehensive well-being segment held the largest market share in 2022.

Based on category, the South & Central America well-being platform market is segmented into fitness and nutrition consultant, psychological therapists, and organizations/employers. The organizations/employers segment held the largest market share in 2022.

Based on delivery model, the South & Central America well-being platform market is bifurcated into onsite and offsite. The onsite segment held a larger market share in 2022.

Based on end user, the South & Central America well-being platform market is segmented into small-scale organizations, medium-scale organizations, large-scale organizations, and home use. The home use segment held the largest market share in 2022.

Based on country, the South & Central America well-being platform market is segmented to Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America well-being platform market share in 2022.

ComPsych Corporation, Fitbit LLC, Optum Inc, and Quest Diagnostics are some of the leading companies operating in the South & Central America well-being platform market.

Product Code: BMIRE00029608

Table of Content

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 South & Central America Well-being Platform Market, by Country (US$ Billion)

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. South & Central America Well-being Platform Market Landscape

4.1 Overview
4.2 PEST Analysis
- 4.2.1 South & Central America PEST Analysis

5. South & Central America Well-being Platform Market - Key Industry Dynamics

5.1 Key Market Drivers
- 5.1.1 Rise in Workplace-Associated Disorders
- 5.1.2 Reduction in Healthcare Costs
5.2 Key Market Restraints:
- 5.2.1 Failure in Product Positioning and Implementation
5.3 Key Market Opportunities:
- 5.3.1 Launch of Innovative Products
5.4 Key Market Trends:
- 5.4.1 Technological Advancement
5.5 Impact Analysis

6. Well-being Platform Market - South & Central America Market Analysis

6.1 South & Central America Well-being Platform Market Revenue (US$ Billion), 2022 - 2030

7. South & Central America Well-being Platform Market - Revenue and Forecast to 2030 - by Service

7.1 Overview
7.2 South & Central America Well-being Platform Market Revenue Share, by Service 2022 & 2030 (%)
7.3 Health Risk Assessment
- 7.3.1 Overview
- 7.3.2 Health Risk Assessment: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.4 Fitness
- 7.4.1 Overview
- 7.4.2 Fitness: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.5 Smoking Cessation
- 7.5.1 Overview
- 7.5.2 Smoking Cessation: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.6 Health Screening
- 7.6.1 Overview
- 7.6.2 Health Screening: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.7 Nutrition and Weight Management
- 7.7.1 Overview
- 7.7.2 Nutrition and Weight Management: South & Central America Well-being Platform Market - Revenue and Forecast to 2030(US$ Billion)
7.8 Stress Management
- 7.8.1 Overview
- 7.8.2 Stress Management: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.9 Comprehensive Wellbeing
- 7.9.1 Overview
- 7.9.2 Comprehensive Wellbeing: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
7.10 Others
- 7.10.1 Overview
- 7.10.2 Others: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)

8. South & Central America Well-being Platform Market - Revenue and Forecast to 2030 - by Provider

8.1 Overview
8.2 South & Central America Well-being Platform Market Revenue Share, by Provider 2022 & 2030 (%)
8.3 Fitness and Nutrition Consultant
- 8.3.1 Overview
- 8.3.2 Fitness and Nutrition Consultant: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
8.4 Psychological Therapists
- 8.4.1 Overview
- 8.4.2 Psychological Therapists: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
8.5 Organizations
- 8.5.1 Overview
- 8.5.2 Organizations: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)

9. South & Central America Well-being Platform Market - Revenue and Forecast to 2030 - by Delivery Model

9.1 Overview
9.2 South & Central America Well-being Platform Market Revenue Share, by Delivery Model 2022 & 2030 (%)
9.3 Onsite
- 9.3.1 Overview
- 9.3.2 Onsite: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
9.4 Offsite
- 9.4.1 Overview
- 9.4.2 Offsite: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)

10. South & Central America Well-being Platform Market - Revenue and Forecast to 2030 - by End User

10.1 Overview
10.2 South & Central America Well-being Platform Market Revenue Share, by End User 2022 & 2030 (%)
10.3 Small Scale Organizations
- 10.3.1 Overview
- 10.3.2 Small Scale Organizations: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
10.4 Medium Scale Organizations
- 10.4.1 Overview
- 10.4.2 Medium Scale Organizations: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
10.5 Large Scale Organizations
- 10.5.1 Overview
- 10.5.2 Large Scale Organizations: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
10.6 Home Care
- 10.6.1 Overview
- 10.6.2 Home Care: South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)

11. South & Central America Well-being Platform Market - Revenue and Forecast to 2030 - Country Analysis

11.1 Overview
- 11.1.1 South & Central America Well-being Platform Market, by Country, 2022 & 2030 (%)
  - 11.1.1.1 Brazil: South & Central America Well-being Platform Market
    - 11.1.1.1.1 Brazil: South & Central America Well-being Platform Market- Revenue and Forecasts to 2030 (US$ Billion)
    - 11.1.1.1.2 Brazil: South & Central America Well-being Platform Market, by Service, 2020-2030 (US$ Billion)
    - 11.1.1.1.3 Brazil: South & Central America Well-being Platform Market, by Provider, 2020-2030 (US$ Billion)
    - 11.1.1.1.4 Brazil: South & Central America Well-being Platform Market, by Delivery Model, 2020-2030 (US$ Billion)
    - 11.1.1.1.5 Brazil: South & Central America Well-being Platform Market, by End User, 2020-2030 (US$ Billion)
  - 11.1.1.2 Argentina: South & Central America Well-being Platform Market
    - 11.1.1.2.1 Argentina: South & Central America Well-being Platform Market- Revenue and Forecasts to 2030 (US$ Billion)
    - 11.1.1.2.2 Argentina: South & Central America Well-being Platform Market, by Service, 2020-2030 (US$ Billion)
    - 11.1.1.2.3 Argentina: South & Central America Well-being Platform Market, by Provider, 2020-2030 (US$ Billion)
    - 11.1.1.2.4 Argentina: South & Central America Well-being Platform Market, by Delivery Model, 2020-2030 (US$ Billion)
    - 11.1.1.2.5 Argentina: South & Central America Well-being Platform Market, by End User, 2020-2030 (US$ Billion)
  - 11.1.1.3 Rest of South & Central America Well-being Platform Market
    - 11.1.1.3.1 Rest of South & Central America Well-being Platform Market - Revenue and Forecast to 2030 (US$ Billion)
    - 11.1.1.3.2 Rest of South & Central America Well-being Platform Market, by Service, 2020-2030 (US$ Billion)
    - 11.1.1.3.3 Rest of South & Central America Well-being Platform Market, by Provider, 2020-2030 (US$ Billion)
    - 11.1.1.3.4 Rest of South & Central America Well-being Platform Market, by Delivery Model, 2020-2030 (US$ Billion)
    - 11.1.1.3.5 Rest of South & Central America Well-being Platform Market, by End User, 2020-2030 (US$ Billion)

12. Industry Landscape

12.1 Overview
12.2 Growth Strategies in the Well-being Platform Market
12.3 Inorganic Growth Strategies
- 12.3.1 Overview
12.4 Organic Growth Strategies
- 12.4.1 Overview
12.5 Company Profiling - Customization

13. Company Profiles

13.1 ComPsych Corp
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Optum Inc
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Fitbit LLC
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Quest Diagnostics Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments

14. Appendix

14.1 About Us
14.2 Glossary of Terms