Global Workplace Stress Management Market to Reach US$ 23.0 Billion by 2032, Impelled by Rising Prevalence of Depression Among Employees

April 18, 2022 | Healthcare

According to the latest report by IMARC Group, titled "Workplace Stress Management Market Report by Service (Stress Assessment, Yoga and Meditation, Resilience Training, Progress Tracking Metrics, and Others), Delivery Mode (Individual Counselors, Personal Fitness Trainers, Meditation Specialists, and Others), Activity (Indoor, Outdoor), End User (Small Scale Organizations, Medium Scale Organizations, Large Scale Organizations), and Region 2024-2032," the global workplace stress management market reached a value of US$ 12.5 Billion in 2023. 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.

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$ 23.0 Billion by 2032, exhibiting a CAGR of 6.9% during 2024-2032. 

Market Summary:

  • On the basis of the service, the market has been segmented into stress assessment, yoga and meditation, resilience training, progress tracking metrics, and others.
  • Based on the delivery mode, the market has been segregated into individual counselors, personal fitness trainers, meditation specialists and others.
  • On the basis of the activity, the market has been bifurcated into indoor and outdoor.
  • Based on the end-user, the market has been classified into small scale, medium scale and large-scale organizations.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa. 
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.Some of these players include Asset Health Inc., Cascade Centers Inc., Central Corporate Wellness Pte. Ltd., ComPsych Corporation, CuraLinc Healthcare, CVS Health Corporation, Fitbit LLC (Alphabet Inc.), Headspace Inc., Marino Wellness LLC, Sol Wellness LLC, Truworth Health Technologies Pvt. Ltd. and Wellness Corporate Solutions LLC.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Service, Delivery Mode, Activity, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Asset Health Inc., Cascade Centers Inc., Central Corporate Wellness Pte. Ltd., ComPsych Corporation, CuraLinc Healthcare, CVS Health Corporation, Fitbit LLC (Alphabet Inc.), Headspace Inc., Marino Wellness LLC, Sol Wellness LLC, Truworth Health Technologies Pvt. Ltd. and Wellness Corporate Solutions LLC
Customization Scope 10% Free Customization
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Global Workplace Stress Management Market to Reach US$ 23.0 Billion by 2032, Impelled by Rising Prevalence of Depression Among Employees
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