Dublin, May 22, 2024 (GLOBE NEWSWIRE) -- The "ASEAN & US Corporate Wellness Market" report has been added to ResearchAndMarkets.com's offering.
The ASEAN & US Corporate Wellness market is projected to experience significant growth from a market value of US$ 19.51 billion in 2022 to US$ 30.82 billion by 2030, marking a CAGR of 6.06%. This growth is indicative of an increasing focus on employee health and wellbeing in corporate environments.
The primary drivers for this market's growth include the rising cases of chronic diseases and a growing awareness regarding employee health and wellbeing in corporate sectors. However, budgetary constraints and a lack of awareness or interest in corporate wellness programs pose challenges to market expansion. The market is also influenced by the evolving work culture, an increased emphasis on work-life balance, and the integration of wellness programs into corporate strategies.
In the ASEAN region, Malaysia demonstrates the fastest growth with a CAGR of around 7.3%. The US holds a substantial portion of the market with a revenue of US$ 18.32 billion in 2022, expected to surpass US$ 28 billion by 2030. This growth is attributed to the increasing implementation of wellness programs by large corporations and a heightened focus on employee health in the workplace.
The market is dominated by major players, collectively holding a market share of approximately 68%. Aduro, Inc., with its innovative Aduro Connect Care service, and Vitality Group, with its expanded wellness marketplace, are notable contributors. Other key players include EXOS, Privia Health, ComPsych, Virgin Pulse, and Beacon Health Options.
Market Segmentation Analysis by:
- Service
- Integrated Health Check/Assessments
- Emergency Care
- Biometric Screenings
- Health Coaching
- Tobacco Cessation
- Weight Management
- Stress Management
- Others
- Availability
- On Site
- Off Site
- Enterprise Size
- Small and Medium Enterprises
- Large Enterprises
- Provider
- Corporate Wellness Consultant
- Corporate Wellness Coach
- Psychological Therapist
- Others
Integrated Health Check/Assessments dominate the services segment, while Stress Management is witnessing the fastest growth. Off-Site services present significant growth opportunities. Small and Medium Enterprises are the fastest-growing segment by enterprise size. In terms of providers, Corporate Wellness Consultants lead the market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 244 |
| Forecast Period | 2022-2030 |
| Estimated Market Value (USD) in 2022 | $19.51 Billion |
| Forecasted Market Value (USD) by 2030 | $30.82 Billion |
| Compound Annual Growth Rate | 6% |
| Regions Covered | Asia-Pacific, United States |
A selection of companies mentioned in this report includes, but is not limited to:
- ADURO, INC.
- Beacon Health Options
- Central Corporate Wellness
- ComPsych
- EXOS
- Marino Wellness
- Privia Health
- Provant Health Solutions
- SOL Wellness
- Truworth Wellness
- Virgin Pulse
- Vitality Group
- Well Nation and Fitbit, Inc.
- Wellness Corporate Solutions
- Wellsource, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/cey4ml
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