Corporate Wellness Market: Opportunity Analysis and Industry Forecast upto 2024

The corporate wellness market in Asia Pacific is led by a slew of global and local companies, such as Central Corporate Wellness, ComPsych Corporation, Optum, Inc., JLT Australia (Recovre Group), Truworth Wellness, SOL Wellness, Sodexo, ConneXions Asia, and Bupa Wellness Pty Ltd. Transparency Market Research has observed that the number of companies venturing into this avenue has been steadily rising owing to the growing presence of MNCs in several developing countries.

Obtain Report Details @

https://www.transparencymarketresearch.com/asia-pacific-corporate-wellness-market.html

The opportunity in the corporate wellness market in Asia Pacific was pegged at US$3.4 bn in 2015 and is expected to be worth US$7.4 bn by the end of 2024 at a strong CAGR of 9.0%. Geographical expansions, expansion of product portfolio, mergers and acquisitions, and investing in extensive wellness programs are some of the key growth strategies adopted by the leading players in the Asia Pacific. For instance, in March 2016, Sodexo signed a 10-year contract with Rio Tinto to expand its operations in Australia.

The prevalence of non-communicable diseases such as diabetes, chronic respiratory diseases, cardiovascular diseases, and cancer has increased significantly in Asia Pacific in recent years. The report has found that these diseases account for at least 8.5 million deaths in Southeast Asia each year. “Employers are, as a result, driven to promote as well as maintain the health and well-being of their employees and offering corporate wellness programs and services has turned out to be the most effective method of doing so,” the lead analyst states. These services not only boost productivity but also reduce overall medical costs.

Obtain Brochure Of Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=13988

The corporate wellness market in Asia Pacific is also fueled by government support and initiatives, the rising number of white-collar employees, the willingness of employers to invest in wellness programs, and growing health consciousness among the population.

“Implementing corporate wellness programs in organizations is a costly affair and companies need to utilize a certain portion of their budget from the revenue generated,” the author of the study comments. Services such as fitness and health risk assessment need high investments and as a result, are cut down by the companies. This restricts the growth of the corporate wellness market.

In addition, the inefficient execution of corporate wellness services is a major restraint to the market and is likely to increase costs for the companies.

Get A Sample Report @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=13988

By type of service, the fitness segment led the overall corporate wellness market, accounting for a 38.6% share in 2015, reaching US$2,793.5 mn by 2024. The smoking cessation segment, although the smallest in terms of revenue in 2015, is anticipated to register a strong CAGR of 9.6% during the forecast period.

By country, China emerged as the leading revenue generator in 2015 and is projected to retain its position throughout the forecast period. India, on the other hand, is expected to expand at the fastest pace by 2024. This review is based on the findings of a TMR report titled “Corporate Wellness Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

Lipid Profile Market: Information, Figures And Analytical Insights 2027 | Abbott., Akers Biosciences, Inc., Beckman Coulter

Emerging product trends, major drivers, challenges and opportunities in the market are identified and analysed apparently while generating this credible Lipid Profile Market analysis report. It helps customers or other market participants to be aware of the problems they may face while operating in the Lipid Profile industry over a longer period of time. The market data is analysed and forecasted using well established market statistical and coherent models. The global Lipid Profile business report is generated based on the market type, size of the organization, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. The scope of this Lipid Profile Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. The data collected to structur...

Cryptocurrency Market: Opportunity Analysis and Industry Forecast Up To 2025

The growing popularity of digital currency has played an integral role in driving sales across the global cryptocurrency market. The use of digital ledgers and blockchain technology across the financial space has emerged as an important dynamic of market growth. Moreover, investments in various forms of cryptocurrency have led to market growth and maturity. Several industry analysts consider cryptocurrency as a lucrative digital currency that could revolutionize the area of transactions. The availability of digital ledgers floating across the cryptocurrency ecosystem has helped in reconciling the use of this currency. Considering the factors stated above, it is legit to believe that the global cryptocurrency market would gain momentum in the times of follow. Transparency Market Research (TMR), in it report, predicts that the global cryptocurrency market would grow at a boisterous CAGR of 31.30% over the period between 2017 and 2025. The total value of the glo...

Agricultural Sprayers Market To 2027 Market Development, Overview and Forecast | Deere & Company, CNH Industrial, Exel Industries

This large scale Agricultural Sprayers Market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. The report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market. Agricultural Sprayers Market report helps uncover the general market conditions and tendencies. Clients accomplish unparalleled insights and acquaintance of the best market opportunities into their respective markets from this market report. The Agricultural Sprayers Market document assist businesses with the intelligent decision making and better manage marketing of goods which ultimately leads to growth in the business. Request an analyst call or drop down an enquiry to get thorough Agricultural Sprayers Market report. Different markets, marketing strategies, trends, future products and emerging opportunities are taken...

Research Blogs

Search This Blog