South & Central America Well

South & Central America Well

South & Central America Well-Being Platform Market Forecast to 2030 – Regional Analysis – by Service (Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management, Comprehensive Well-Being, and Others), Category (Fitness and Nutrition Consultant, Psychological Therapists, and Organizations/Employers), Delivery Model (Onsite and Offsite), and End User (Small-Scale Organizations, Medium-Scale Organizations, Large-Scale Organizations, and Home Use)

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Description

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.

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At 6.2% CAGR, the South & Central America Well-Being Platform Market is Speculated to be Worth US$ 29,342.57 million by 2030, says The Research Team

According to The Research Team’ research, 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, registering a CAGR of 6.2% from 2022 to 2030. Rise in workplace-associated disorders and reduction in healthcare costs are the critical factors attributed to the South & Central America well-being platform market expansion.

Digital platforms have drastically transformed the way businesses operate today. The employee wellness ecosystem is also changing with modifications in business environments. Companies in the well-being platform market actively seek to incorporate cutting-edge technologies and innovations such as occupational health systems, artificial intelligence, and big data to develop comprehensive employee wellness strategies. As per the Frontiers S.A. report, digitalization is a novel phenomenon that employs information technology (IT) across various domains, especially with high applications in the healthcare sector. Wearables and digital biomarker apps are also widely adopted to collect physiological data. Employees can use their smartphones to self-report their mood; record their voice to gauge their emotional state; or use smartwatches to track heart rate, skin temperature, and electrodermal activity, among other parameters, to assess their wellbeing. Thus, digital tools can be used to address mental health challenges at workplaces by gathering data, with employers seeking to improve the well-being of teams.

On the contrary, failure in product positioning and implementation hampers on the growth of South & Central America well-being platform market.

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 24.4% market share in 2022, amassing US$ 4.43 billion. It is projected to garner US$ 7.18 billion by 2030 to expand at 6.2% CAGR during 2022-2030.

Based on category, the South & Central America well-being platform market is divided into fitness and nutrition consultant, psychological therapists, and organizations/employers. The organizations/employers segment held 58.1% share of South & Central America well-being platform market in 2022, amassing US$ 10.55 billion. It is projected to garner US$ 16.69 billion by 2030 to expand at 5.9% CAGR during 2022-2030.

Based on delivery model, the South & Central America well-being platform market is bifurcated into onsite and offsite. The onsite segment held 51.8% share of South & Central America well-being platform market in 2022, amassing US$ 9.41 billion. It is projected to garner US$ 14.92 billion by 2030 to expand at 5.9% CAGR during 2022-2030.

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 68.6% share of South & Central America well-being platform market in 2022, amassing US$ 12.45 billion. It is projected to garner US$ 20.64 billion by 2030 to expand at 6.5% CAGR during 2022-2030.

Based on country, the South & Central America well-being platform market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 38.0% share of South & Central America well-being platform market in 2022. It was assessed at US$ 6.90 billion in 2022 and is likely to hit US$ 10.88 billion by 2030, exhibiting a CAGR of 5.9% during 2022-2030.

Key players operating in the South & Central America well-being platform market are ComPsych Corporation, Fitbit LLC, Optum Inc, and Quest Diagnostics, among others.

– In October 2021, SSM Health and Optum announced collaboration focusing on making quality care more accessible and affordable for people across Midwest. The collaboration will aim certain functions involving inpatient care management, digital transformation, and revenue cycle management to improve health outcomes and patient’s health experiences.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America well-being platform market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in South & Central America well-being platform market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution

TABLE OF CONTENTS


1. Introduction
1.1 The Research Team 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

LIST OF TABLES

Table 1. South & Central America Well-being Platform Market Segmentation
Table 2. Brazil: South & Central America Well-being Platform Market, by Service – Revenue and Forecast to 2030 (US$ Billion)
Table 3. Brazil: South & Central America Well-being Platform Market, by Provider- Revenue and Forecast to 2030 (US$ Billion)
Table 4. Brazil: South & Central America Well-being Platform Market, by Delivery Model – Revenue and Forecast to 2030 (US$ Billion)
Table 5. Brazil: South & Central America Well-being Platform Market, by End User – Revenue and Forecast to 2030 (US$ Billion)
Table 6. Argentina: South & Central America Well-being Platform Market, by Service – Revenue and Forecast to 2030 (US$ Billion)
Table 7. Argentina: South & Central America Well-being Platform Market, by Provider- Revenue and Forecast to 2030 (US$ Billion)
Table 8. Argentina: South & Central America Well-being Platform Market, by Delivery Model – Revenue and Forecast to 2030 (US$ Billion)
Table 9. Argentina: South & Central America Well-being Platform Market, by End User – Revenue and Forecast to 2030 (US$ Billion)
Table 10. Rest of South & Central America Well-being Platform Market, by Service – Revenue and Forecast to 2030 (US$ Billion)
Table 11. Rest of South & Central America Well-being Platform Market, by Provider- Revenue and Forecast to 2030 (US$ Billion)
Table 12. Rest of South & Central America Well-being Platform Market, by Delivery Model – Revenue and Forecast to 2030 (US$ Billion)
Table 13. Rest of South & Central America Well-being Platform Market, by End User – Revenue and Forecast to 2030 (US$ Billion)
Table 14. Recent Inorganic Growth Strategies in the Well-being Platform Market
Table 15. Recent Organic Growth Strategies in the South & Central America Well-being Platform Market
Table 16. Company Profiling – Customization
Table 17. Glossary of Terms, South & Central America Well-being Platform Market

LIST OF FIGURES

Figure 1. South & Central America Well-Being Platform Market Segmentation, By Country
Figure 2. South & Central America – PEST Analysis
Figure 3. South & Central America Well-being Platform Market – Key Industry Dynamics
Figure 4. South & Central America Well-being Platform Market: Impact Analysis of Drivers and Restraints
Figure 5. South & Central America Well-being Platform Market Revenue (US$ Billion), 2022 – 2030
Figure 6. South & Central America Well-being Platform Market Revenue Share, by Service 2022 & 2030 (%)
Figure 7. Health Risk Assessment: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 8. Fitness: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 9. Smoking Cessation: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 10. Health Screening: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 11. Nutrition and Weight Management: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 12. Stress Management: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 13. Comprehensive Wellbeing: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 14. Others: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 15. South & Central America Well-being Platform Market Revenue Share, by Provider 2022 & 2030 (%)
Figure 16. Fitness and Nutrition Consultant: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 17. Psychological Therapists: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 18. Organizations: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 19. South & Central America Well-being Platform Market Revenue Share, by Delivery Model 2022 & 2030 (%)
Figure 20. Onsite: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 21. Offsite: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 22. South & Central America Well-being Platform Market Revenue Share, by End User 2022 & 2030 (%)
Figure 23. Small Scale Organizations: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 24. Medium Scale Organizations: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 25. Large Scale Organizations: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 26. Home Care: South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 27. South & Central America Well-being Platform Market, By Key Country – Revenue (2022) (US$ Billion)
Figure 28. South & Central America Well-being Platform Market Share by Country – 2022 & 2030, (%)
Figure 29. Brazil: South & Central America Well-being Platform Market- Revenue and Forecasts to 2030 (US$ Billion)
Figure 30. Argentina: South & Central America Well-being Platform Market- Revenue and Forecasts to 2030 (US$ Billion)
Figure 31. Rest of South & Central America Well-being Platform Market – Revenue and Forecast to 2030 (US$ Billion)
Figure 32. Growth Strategies in the Well-being Platform Market

The List of Companies – South & Central America Well-Being Platform Market

1. ComPsych Corporation
2. Fitbit LLC
3. Optum Inc
4. Quest Diagnostics

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