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According to the latest report by IMARC Group, titled "Workplace Stress Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global workplace stress management market reached a value of US$ 9.26 Billion in 2021. Workplace stress is the emotional and physical response caused due to the conflicting demands in an individual’s job. It occurs when the requirements of the job do not match the resources, capabilities or needs of the employee. Some of the common causes of work stress include unrealistic targets, longer working hours and job insecurity that hampers the productivity of an employee. Workplace stress management involves various methods and services that aid in maintaining a healthy workplace-personal life balance that is conducive to productivity and creativity.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Workplace Stress Management Market Trends:
The global market is primarily driven by the rising awareness regarding the benefits of work stress management sessions. This is supported by the increasing prevalence of chronic headaches, depression and anxiety among employees caused due to intensive competition in the workplace. In line with this, the rising focus on the safety and health regulations of employees is creating a positive market outlook. Moreover, the rapid outbreak of coronavirus disease (COVID-19) across the globe has encouraged multiple businesses to adopt effective workplace stress management programs, which, in turn, has provided a thrust to the market. Along with this, numerous initiatives undertaken by the government of several countries for providing mental health support and resources for assisting workers and employers are favorably impacting the market. Other factors, including the advent of online and digital self-assessment tests, the growing health concerns among the masses, the escalating popularity of health-related practices, and continuous improvements in the healthcare infrastructure, are also positively influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 15.19 Billion by 2027, exhibiting a CAGR of 8.20% during 2022-2027.
Market Summary:
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