MRRSE has announced the addition of the “Corporate Wellness Market - Asia Pacific Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 - 2024” report to their offering.
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Strong growth in store for asia pacific corporate wellness market as focus on employee well being rises
1. Strong Growth in Store for Asia Pacific Corporate Wellness
Market as Focus on Employee Well-being Rises
Report Description
The Asia Pacific corporate wellness market is poised to
expand at a strong CAGR of 9.0% from 2016 to 2024, states
a report recently added to the vast repository of Market
2. Research Reports Search Engine (MRRSE.com). The report,
titled “Corporate Wellness Market (Service - Health Risk
Assessment, Fitness, Smoking Cessation, Health Screening,
Weight Management, and Nutrition) - Asia Pacific Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016–
2024”, offers readers a clear understanding of where the
market stands today and where it is headed in the near
future.
The report, published by Transparency Market Research, finds
that the APAC corporate wellness market is slated to rise
from a value of US$3.4 bn in 2015 to reach US$7.4 bn by
2024. Realizing the immense potential that this market
3. presents is likely to attract the attention of MNCs, further
propelling its development.
Request a Sample Copy of the Report @
http://www.mrrse.com/sample/2113
China Takes the Lead in APAC Corporate Wellness Market
The key countries covered by the report on the Asia Pacific
corporate wellness market are Japan, Australia, Hong Kong,
Thailand, China, India, Singapore, Malaysia, and Rest of
APAC. China stands out among these countries with a CAGR
higher than the regional average. The growth of this market
can be attributed to the rising adoption of corporate wellness
4. programs and increased development in the country. Apart
from this, rapid economic growth, large-scale urbanization,
the rising incidence of chronic diseases, and changing
lifestyles have contributed toward making China the largest
market for corporate wellness in Asia Pacific.
India is also a prominent contributor to the market in APAC,
thanks to the soaring number of corporate firms in the
nation. An increasing level of awareness among the citizens
of the country regarding their overall health and well-being
is a key factor driving this market. Japan also accounts for a
significant share in the Asia Pacific corporate wellness
market. The Industrial Safety and Health Act of December
2015 is perhaps the leading driving factor for this market,
5. the report states. The law mandates health checkups for
employees and workers in the country, proving a fillip to the
corporate wellness market in Japan.
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High Implementation Cost Curbing Adoption despite Growing
Need
The corporate wellness market in Asia Pacific is fueled by the
rising prevalence of non-communicable diseases such as
cancer, cardiovascular ailments, chronic respiratory disorders,
and diabetes. Realizing the serious implications of these
6. conditions on the productivity of a firm, employers are
making efforts to offer their workers ways of improving their
overall health and well-being through corporate wellness
programs.
The report, however, notes that the high cost of
implementing these programs acts as a major restraint to the
growth of the corporate wellness market in Asia Pacific.
Services offered by these programs, such as health risk and
fitness assessment, require large investments and despite the
growing need, their adoption remains restricted to a few
companies. Nevertheless, governments of many countries are
supporting these programs through various initiatives.
7. Browse Full Asia Pacific Corporate Wellness Market Report
with TOC:http://www.mrrse.com/asia-pacific-corporate-
wellness-market
According to the report, the key players in the Asia Pacific
corporate wellness market include ComPsych Corporation,
SOL Wellness, Optum, Inc., ConneXions Asia, Central
Corporate Wellness, Truworth Wellness, Bupa Wellness Pty
Ltd., JLT Australia (Recovre Group), and Sodexo.
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