Press release
Corporate Wellness Mmarket Expected to reach high growth rate by end of 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.
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.
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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.
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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.
The corporate wellnessmarket in Asia Pacifichas been segmented as follows:
Asia Pacific Corporate Wellness Market, by Service
Health Risk Assessment
Fitness
Smoking Cessation
Health Screening
Weight Management
Nutrition
Others (stress management, diabetes management, and vaccinations)
Asia Pacific Corporate Wellness Market, by Country
China
Japan
India
Australia
Singapore
Hong Kong
Malaysia
Thailand
Rest of Asia Pacific
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
5.1.2. Restraints
5.1.2.1. Restraint 1: High cost of the services
5.1.2.2. Restraint 2: Inefficient execution of corporate wellness services
5.1.3. Opportunity Analysis
5.1.4. Opportunity
5.1.4.1. Opportunity 1: Availability of time for leisure and recreation
6. Asia Pacific Corporate Wellness Market Revenue, by Service Type, (US$Mn), 2014–2024
6.1. Introduction
6.1.1. Key Findings
6.2. Asia Pacific Corporate Wellness Market Forecast, by Device Type
6.3. Introduction
6.4. Asia Pacific Corporate Wellness Market Value Share Analysis, by Type of Service, 2015 and 2024
6.5. Asia-Pacific Corporate Wellness Market Size (US$ Mn) Forecast, by Type of Service, 2016–2024
6.5.1. Health Risk Assessment Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.2. Fitness Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.3. Smoking Cessation Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.4. Health Screening Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.5. Weight Management Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.6. Nutrition Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
6.5.7. Others Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
7. Asia-Pacific Corporate Wellness Market Analysis
7.1. Asia Pacific Corporate Wellness Market Value Share Analysis, by Country, 2015 and 2024
7.2. Asia Pacific Corporate Wellness Market Forecast, by Country , 2016-2024
7.3. Asia-Pacific Corporate Wellness Market Attractiveness Analysis, by Types of Services, 2015
7.3.1. Health Risk Assessment Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
7.3.2. Fitness Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
7.3.3. Smoking Cessation Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
7.3.4. Health Screening Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
7.3.5. Weight Management Corporate Wellness Market Size (US$ Mn) Forecast, 2014–2024
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