Press release
Asia Pacific Corporate Wellness Market to Reach US$ 7.4 Bn in 2024 as MNCs Encourage Fitness among Employees - Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
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.
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Table of Content
1. Preface
1.1. Report Scope and Market Segmentation
1.2. Preface
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
3.1. Asia Pacific Corporate Wellness - Market Snapshot
3.2. Asia Pacific Corporate Wellness – Drivers, Restraints and Key Trends
3.3. Asia Pacific Corporate Wellness – Market Value Share, by Country, 2015
3.4. Market Opportunity Map
4. Asia Pacific Corporate Wellness – Market Overview
4.1. Industry Analysis: Asia Pacific Corporate Wellness Market
4.2. Key Industry Developments
5. Market Dynamics
5.1. Market Dynamics -Drivers and Restraints Snapshot Analysis
5.1.1. Drivers
5.1.1.1. Driver 1: Promotion of health and well-being to be driven by increase in NCDs
5.1.1.2. Driver 2: Government support and initiatives
5.1.1.3. Driver 3: Increasing number of white collar employees
5.1.1.4. Driver 4: Rising health consciousness
5.1.1.5. Driver 5: Willingness of employers to invest in wellness programs
5.1.1.6. Driver 6: Mandatory law to incorporate corporate wellness services
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