Spending on Corporate Wellness in APAC to Reach US$7.4 bn by 2024 as MNCs Encourage Fitness among Employees

October 26 16:13 2017
Recent development and the current scenario as well as future market potential of “Corporate Wellness Market: (Service Type – Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Weight Management, Nutrition) – Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024” globally.

Corporate wellness services such as fitness, health risk assessment, weight management, and health screening have witnessed significant growth in revenue in the past few years. Corporate wellness programs are designed to support employees in understanding their health risk and accepting healthy behavior at workplace and to reduce their health care expenditure. These programs reduce the cost of hospitalization, emergency room visits, specialist visits, and surgeries. Moreover, corporate wellness programs result in decrease in absenteeism, increase in productivity, and improvement in quality of life of employees. Increase in non-communicable diseases, government support and initiatives, growingnumber of white collar employees, rising health consciousness among the population, willingness of employers to incorporate wellness programs, and mandatory laws to implement wellness programs in organizations are the factors likely to drive the corporate wellness market in Asia Pacific. However, high cost of services andinefficient execution of corporate wellness services are anticipated to hamper the growth of the corporate wellness market in Asia Pacific.

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The executive summary of the report comprises a market snapshot of the corporate wellness market in Asia Pacific and comparative analysis by geography in terms of value % for 2015 and 2024. Based on service type, the corporate wellness market in the region has been segmented intohealth risk assessment, fitness, smoking cessation, health screening, weight management, nutrition, and others.

Market revenue analysis of all the segments mentioned abovehas been provided for the forecast period from 2016 to 2024, considering 2015 as the base year and 2014 as historical year. The executive summary also comprises majordrivers and restraints along with key trends likely to drive the growth of the corporate wellness market in Asia Pacific.

The market overview section of the corporate wellness market report analyzes the market dynamics and trends such as drivers, restraints, and opportunities that influence the current and future status of the corporate wellness market in Asia Pacific. Impact factors such as market attractiveness analysis by geography of the corporate wellness market in Asia Pacific have been provided in this section of the report. Furthermore, the report includes market opportunity map, industry developments and opportunity analysisfor the market.

Geographically, the corporate wellness market in Asia Pacific has been segmented into ninecountries: China, Japan, India, Australia, Singapore, Hong Kong, Malaysia, Thailand, and Rest of Asia Pacific. The study further offers recommendations and key trends for the corporate wellness market in the region, which would be useful for existing and new players to sustain and grow in the market.

The report on the corporate wellness market in Asia Pacific concludes with the company profiles section that includes key information in terms of company overview, financial information, product portfolio, business strategies, and recent development about the major players operating in the corporate wellness market in the region. Key players operating in the corporate wellness market in Asia Pacificinclude Central Corporate Wellness, ComPsych Corporation, Optum, Inc., JLT Australia (Recovre Group), Truworth Wellness, SOL Wellness, Sodexo, ConneXions Asia, and Bupa Wellness Pty Ltd.

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The corporate wellnessmarket in Asia Pacifichas been segmented as follows:

Asia Pacific Corporate Wellness Market, by Service

    Health Risk Assessment
    Smoking Cessation
    Health Screening
    Weight Management
    Others (stress management, diabetes management, and vaccinations)

Asia Pacific Corporate Wellness Market, by Country


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    Hong Kong
    Rest of Asia Pacific

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