Analysts’ Viewpoint on Asia Pacific Corporate Wellness Market Scenario
Companies in the Asia Pacific corporate wellness market should accelerate their service facilities to unlock revenue opportunities to obtain competitive benefits. Market stakeholders are extending their services arms to gain a competitive edge in the healthcare sector. Increasing incidences of chronic disorders in Asia Pacific, along with rapidly increasing elderly population are driving the demand for corporate wellness services. The rising number of market contributors in the Asia Pacific corporate wellness market are marking their presence and generate lucrative revenue opportunities. In order to increase productivity at workforce, many corporate organizations are implementing wellness programs at their workplaces. However, the scarcity of skilled healthcare professionals is a key factor affecting the growth of the Asia Pacific corporate wellness market.
Corporate employees are more likely to invest on wellness programs after the threatening spread of coronavirus. There is an increasing awareness about overall health and fitness among corporate employees. There are various factors that are affecting the health of employees such as smoking habits, alcohol consumption, work stress, consumption of unhealthy food, disturbed sleep cycle, etc. Wellness services provides services including stress management, health screening, weight management, food & nutrition, etc.
The Asia Pacific corporate wellness market is expected to witness steady growth after the coronavirus breakdown, owing to increasing awareness about health and wellbeing in employees. These corporate wellness programs are specifically designed to support employees in understanding their health risk. It reduces healthcare expenditure of employees to a great extent. Corporate or workplace wellness programs are employer-funded services that are designed to maintain good health of employees. There are many organizations implementing wellness programs for good health and fitness of the employees to boost work productivity.
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The increasing prevalence of various cardiovascular diseases in employees at Asia Pacific countries is a major driving factor for the growth of the Asia Pacific corporate wellness market. Unhealthy food habits, hectic lifestyle, disrupted sleep cycle, and excessive stress are some of the key factors responsible of rising incidences of various disorders in Asia Pacific. The increasing number of vendors selling corporate wellness programs to medium and large sizes companies is contributing to market growth.
Manufacturers operating in the Asia Pacific corporate wellness market are focusing on high quality services to boost the overall health and wellbeing of corporate employees. Many employees in Asia Pacific countries are adopting these services for better health and lifestyle. This will 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. Employers are utilizing these wellness programs to improve their lifestyle by reducing incidences of chronic conditions in them. This will help reduce employee healthcare cost and increase productivity.
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The Asia Pacific corporate wellness market is driven by rising number of incidences of non-communicable diseases (NCDs) such as cardiovascular diseases, diabetes, high blood pressure, cancer, and chronic respiratory diseases, etc., causing millions of deaths every year. Old employees are more likely to suffer from these chronic conditions. Rising geriatric population in Asia Pacific is one of the major contributing factors of growth of the Asia Pacific corporate wellness market.
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The rising prevalence of chronic diseases, growth and advancement of healthcare industry, and awareness and adoption of corporate wellness services are some of the major factors expected to increase the demand for corporate wellness programs in Asia Pacific during the forecast period. The increasing awareness about corporate wellness programs in employees, along with willingness to invest in such services boosts market growth in Asia Pacific.
The rising prevalence of cardiovascular diseases such as diabetes, high blood pressure, chronic respiratory diseases, cancer, lung disorders, etc. in employees demand for corporate wellness services. In order to increase the overall wellbeing of employees, market players are introducing cost-effective and highly efficient corporate wellness programs.
The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the corporate wellness market in Asia Pacific.
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Attribute |
Detail |
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Market Size Value in 2020 (Base Year) |
US$ 4.9 Bn |
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Market Forecast Value in 2028 |
US$ 8.6 Bn |
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Growth Rate (CAGR) |
7.6% |
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Forecast Period |
2021–2028 |
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Quantitative Units |
US$ Bn for Value |
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Market Analysis |
It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
|
Format |
Electronic (PDF) |
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Market Segmentation |
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|
Regions Covered |
|
|
Countries Covered |
|
|
Customization Scope |
Available upon request |
|
Pricing |
Available upon request |
Asia Pacific Corporate Wellness Market – Segmentation
| Service |
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| Country |
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Corporate wellness market in asia pacific is expected to cross the value of US$ 8.6 Bn by 2028
Corporate wellness market in asia pacific is estimated to expand at a CAGR of 7.6% from 2021 to 2028
Corporate wellness market in asia pacific is driven by rising number of incidences of non-communicable diseases (NCDs)
The smoking cessation segment dominated the asia pacific corporate wellness market
Key players in the corporate wellness market in asia pacific include Central Corporate Wellness, ComPsych Corporation, Optum, Inc., JLT Australia (Recovre Group), Truworth Wellness
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Corporate Wellness Market
4. Market Overview
4.1. Introduction
4.1.1. Services Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Asia Pacific Corporate Wellness Market Analysis and Forecast, 2017–2028
4.4.1. Market Revenue Projections (US$ Bn)
5. Key Insights
5.1. Corporate Wellness Market: Value Chain Analysis
5.2. Corporate Wellness Market: Porter’s Five Forces Analysis
6. Asia Pacific Corporate Wellness Market Analysis and Forecast, by Services
6.1. Introduction & Definition
6.1.1. Key Findings / Developments
6.2. India Corporate Wellness Market Value Forecast, by Services, 2017–2028
6.2.1. Health Risk Assessment
6.2.2. Fitness
6.2.3. Smoking Cessation
6.2.4. Health Screening
6.2.5. Weight Management
6.2.6. Nutrition
6.2.7. Others
6.3. Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Services
7. Asia Pacific Corporate Wellness Market Analysis and Forecast, by Country
7.1. China
7.2. Japan
7.3. India
7.4. Australia
7.5. Singapore
7.6. Hong Kong
7.7. Malaysia
7.8. Thailand
7.9. Rest of Asia Pacific
8. China Corporate Wellness Market Analysis and Forecast
8.1. Introduction
8.1.1. Key Findings
8.2. China Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
8.2.1. Health Risk Assessment
8.2.2. Fitness
8.2.3. Smoking Cessation
8.2.4. Health Screening
8.2.5. Weight Management
8.2.6. Nutrition
8.2.7. Others
8.3. China Corporate Wellness Market Attractiveness Analysis
8.3.1. By Services
9. Japan Corporate Wellness Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Japan Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
9.2.1. Health Risk Assessment
9.2.2. Fitness
9.2.3. Smoking Cessation
9.2.4. Health Screening
9.2.5. Weight Management
9.2.6. Nutrition
9.2.7. Others
9.3. Japan Corporate Wellness Market Attractiveness Analysis
9.3.1. By Services
10. India Corporate Wellness Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. India Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
10.2.1. Health Risk Assessment
10.2.2. Fitness
10.2.3. Smoking Cessation
10.2.4. Health Screening
10.2.5. Weight Management
10.2.6. Nutrition
10.2.7. Others
10.3. India Corporate Wellness Market Attractiveness Analysis
10.3.1. By Services
11. Australia Corporate Wellness Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Australia Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
11.2.1. Health Risk Assessment
11.2.2. Fitness
11.2.3. Smoking Cessation
11.2.4. Health Screening
11.2.5. Weight Management
11.2.6. Nutrition
11.2.7. Others
11.3. Australia Corporate Wellness Market Attractiveness Analysis
11.3.1. By Services
12. Singapore Corporate Wellness Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Singapore Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
12.2.1. Health Risk Assessment
12.2.2. Fitness
12.2.3. Smoking Cessation
12.2.4. Health Screening
12.2.5. Weight Management
12.2.6. Nutrition
12.2.7. Others
12.3. Singapore Corporate Wellness Market Attractiveness Analysis
12.3.1. By Services
13. Hong Kong Corporate Wellness Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Hong Kong Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
13.2.1. Health Risk Assessment
13.2.2. Fitness
13.2.3. Smoking Cessation
13.2.4. Health Screening
13.2.5. Weight Management
13.2.6. Nutrition
13.2.7. Others
13.3. Hong Kong Corporate Wellness Market Attractiveness Analysis
13.3.1. By Services
14. Malaysia Corporate Wellness Market Analysis and Forecast
14.1. Introduction
14.1.1. Key Findings
14.2. Malaysia Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
14.2.1. Health Risk Assessment
14.2.2. Fitness
14.2.3. Smoking Cessation
14.2.4. Health Screening
14.2.5. Weight Management
14.2.6. Nutrition
14.2.7. Others
14.3. Malaysia Corporate Wellness Market Attractiveness Analysis
14.3.1. By Services
15. Thailand Corporate Wellness Market Analysis and Forecast
15.1. Introduction
15.1.1. Key Findings
15.2. Thailand Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
15.2.1. Health Risk Assessment
15.2.2. Fitness
15.2.3. Smoking Cessation
15.2.4. Health Screening
15.2.5. Weight Management
15.2.6. Nutrition
15.2.7. Others
15.3. Thailand Corporate Wellness Market Attractiveness Analysis
15.3.1. By Services
16. Rest of India Corporate Wellness Market Analysis and Forecast
16.1. Introduction
16.1.1. Key Findings
16.2. Rest of India Corporate Wellness Market Value (US$ Bn) Forecast, by Services, 2017–2028
16.2.1. Health Risk Assessment
16.2.2. Fitness
16.2.3. Smoking Cessation
16.2.4. Health Screening
16.2.5. Weight Management
16.2.6. Nutrition
16.2.7. Others
16.3. Rest of India Corporate Wellness Market Attractiveness Analysis
16.3.1. By Services
17. Competition Landscape
17.1. Market Player - Competition Matrix (by tier and size of companies)
17.2. Market Share / Position Analysis, by Company, 2020
17.3. Competitive Business Strategies
17.4. Company Profiles
17.4.1. Competition Matrix
17.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.1.2. Financial Analysis
17.4.1.3. Growth Strategies
17.4.1.4. SWOT Analysis
17.4.2. Central Corporate Wellness
17.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.2.2. Financial Analysis
17.4.2.3. Growth Strategies
17.4.2.4. SWOT Analysis
17.4.3. ComPsych Corporation
17.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.3.2. Financial Analysis
17.4.3.3. Growth Strategies
17.4.3.4. SWOT Analysis
17.4.4. Optum, Inc.
17.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.4.2. Financial Analysis
17.4.4.3. Growth Strategies
17.4.4.4. SWOT Analysis
17.4.5. JLT Australia (Recovre Group)
17.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.5.2. Financial Analysis
17.4.5.3. Growth Strategies
17.4.5.4. SWOT Analysis
17.4.6. Truworth Wellness
17.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.6.2. Financial Analysis
17.4.6.3. Growth Strategies
17.4.6.4. SWOT Analysis
17.4.7. SOL Wellness
17.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.7.2. Financial Analysis
17.4.7.3. Growth Strategies
17.4.7.4. SWOT Analysis
17.4.8. Sodexo
17.4.8.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.8.2. Financial Analysis
17.4.8.3. Growth Strategies
17.4.8.4. SWOT Analysis
17.4.9. Bupa Wellness Pty Ltd
17.4.9.1. Company Overview (HQ, Business Segments, Employee Strength)
17.4.9.2. Financial Analysis
17.4.9.3. Growth Strategies
17.4.9.4. SWOT Analysis
List of Table
Table 01: Asia Pacific Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 02: Asia Pacific Corporate Wellness Market Size (US$ Bn) Forecast, by Country, 2021–2028
Table 03: China Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 04: Japan Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 05: India Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 06: Australia Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 07: Singapore Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 08: Hong Kong Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 09: Malaysia Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 10: Thailand Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
Table 11: Rest of Asia Pacific Corporate Wellness Market Size (US$ Bn) Forecast, by Services, 2021–2028
List of Figure
Figure 01: Corporate Wellness Market Snapshot
Figure 02: Corporate Wellness Market Size (US$ Bn) Forecast and Y-o-Y Growth (%), 2017–2028
Figure 03: Market Value Share, By Services, 2020
Figure 04: Market Value Share, By Country, 2020
Figure 05: Asia Pacific Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 06: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), by Health Risk Assessment, 2017–2028
Figure 07: Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), Fitness, 2017–2028
Figure 08: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), Smoking Cessation, 2017–2028
Figure 09: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), Health Screening, 2017–2028
Figure 10: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), Weight Management, 2017–2028
Figure 11: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), Nutrition, 2017–2028
Figure 12: Asia Pacific Corporate Wellness Market Revenue (US$ Bn) and Y-o-Y Growth (%), others, 2017–2028
Figure 13: Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2028
Figure 14: Asia Pacific Corporate Wellness Market Value Share Analysis, by Country, 2020 and 2028
Figure 15: Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Country, 2021–2031
Figure 16: China Corporate Wellness Market Size (US$ Bn) Forecast, 2017–2028
Figure 17: China Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 18: China Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2028
Figure 19: Japan Corporate Wellness Market Size (US$ Bn) Forecast, 2017–2028
Figure 20: Japan Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 21: Japan Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 22: India Corporate Wellness Market Size (US$ Bn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 23: India Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 24: India Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2028
Figure 25: Australia Corporate Wellness Market Size (US$ Bn) Forecast and Y-o-Y Growth (%) Projection, 2017–2028
Figure 26: Australia Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 27: Australia Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 28: Singapore Corporate Wellness Market Size (US$ Bn) Forecast, 2017–2028
Figure 29: Singapore Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 30: Singapore Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 31: Hong Kong Corporate Wellness Market Size (US$ Bn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 32: Hong Kong Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 33: Hong Kong Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 34: Malaysia Corporate Wellness Market Size (US$ Bn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 35: Malaysia Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 36: Malaysia Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 37: Thailand Corporate Wellness Market Size (US$ Bn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 38: Thailand Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 39: Thailand Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 40: Rest of Asia Pacific Corporate Wellness Market Size (US$ Bn) and Y-o-Y Growth (%) Forecast, 2017– 2028
Figure 41: Rest of Asia Pacific Corporate Wellness Market Value Share Analysis, by Services, 2020 and 2028
Figure 42: Rest of Asia Pacific Corporate Wellness Market Attractiveness Analysis, by Services, 2021–2031
Figure 43: Corporate Wellness Market Share Analysis, by Company (2020)
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Asia Pacific Corporate Wellness Market
