• Popular
    • Medicine
    • Radiology
    • Cardiology
    • Surgery
    • Nanomedicine
    • Military Medicine
    • Rehab
  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS
  • Submit PR
  • Log in
Medgadget
Medgadget
  • Popular
    • Medicine
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Medgadget Visits Healthcareᐩ Expo Taiwan

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

    • Radiology
      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Exciting Medtech at the Healthcareᐩ Expo Taiwan

      Fluorescence Imaging System Illuminates Tumor Depth

      Fluorescence Imaging System Illuminates Tumor Depth

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Soft Robot Grows Like a Plant to Travel Through Tight Spaces

      Mining Ultrasound Data to Improve Liver Diagnostics: Interview with Beth Rogozinski, CEO at Oncoustics

      Mining Ultrasound Data to Improve Liver Diagnostics: Interview with Beth Rogozinski, CEO at Oncoustics

    • Cardiology
      Belt Monitors Heart Failure Patients

      Belt Monitors Heart Failure Patients

      Camera Measures Blood Pressure with Quick Look

      Camera Measures Blood Pressure with Quick Look

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

    • Surgery
      Biobots Use Optogenetic Muscle Actuators for Movement

      Biobots Use Optogenetic Muscle Actuators for Movement

      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Electrospun Construct Mimics Elasticity of Blood Vessels

      Electrospun Construct Mimics Elasticity of Blood Vessels

    • Nanomedicine
      Extra Hot Nanoparticles for Cancer Therapy

      Extra Hot Nanoparticles for Cancer Therapy

      Making Tumors Tastier for the Immune System

      Making Tumors Tastier for the Immune System

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Improved Membrane Coating for Anti-Cancer Nanoparticles

      Magnetic Bacteria Target Tumors

      Magnetic Bacteria Target Tumors

    • Military Medicine
      Device Measures Hemoglobin More Accurately in Dark Skin

      Device Measures Hemoglobin More Accurately in Dark Skin

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fingertip Sensor Measures Lithium Levels in Sweat

      Fabric Makes Electricity from Movement to Power Wearables

      Fabric Makes Electricity from Movement to Power Wearables

      Wearable Uses Microneedles to Track Metabolism

      Wearable Uses Microneedles to Track Metabolism

    • Rehab
      Implantable Device Adheres to Muscle, Treats Atrophy

      Implantable Device Adheres to Muscle, Treats Atrophy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Non-Invasive Spinal Modulation for Cerebral Palsy

      Implanted Magnets for Prosthetic Control

      Implanted Magnets for Prosthetic Control

      FDA-Approved At-Home Spirometer: Interview with Charvi Shetty, Co-Founder and CEO at Aluna

      FDA-Approved At-Home Spirometer: Interview with Charvi Shetty, Co-Founder and CEO at Aluna

  • Categories
    • Exclusive
    • A-D
      • Anesthesiology
      • Art
      • Cardiac Surgery
      • Cardiology
      • Critical Care
      • Dentistry
      • Dermatology
      • Diagnostics
    • E-I
      • Emergency Medicine
      • ENT
      • Genetics
      • Geriatrics
      • GI
      • Informatics
    • M-N
      • Medicine
      • Military Medicine
      • Nanomedicine
      • Net News
      • Neurology
      • Neurosurgery
      • Nuclear Medicine
    • O-P
      • Ob/Gyn
      • Oncology
      • Ophthalmology
      • Orthopedic Surgery
      • Pathology
      • Pediatrics
      • Plastic Surgery
      • Psychiatry
      • Public Health
    • R-V
      • Radiation Oncology
      • Radiology
      • Rehab
      • Reproductive Medicine
      • Space Medicine
      • Sports Medicine
      • Surgery
      • Thoracic Surgery
      • Urology
      • Vascular Surgery
  • SUBSCRIBE
  • Submit PR
  • About
  • Log in
  • Submit PR
  • Follow
    • Facebook
    • Twitter
    • Linkedin
    • Youtube
    • Instagram
    • RSS

ASEAN & US Corporate Wellness Market is Expected to Reach USD 30.82 Billion by 2030

January 13th, 2023 Astute Analytica Releases

ASEAN & US corporate wellness market is forecast to reach a valuation of US$ 30.82 Bn in 2030 from US$ 18.29 Bn in 2021. The market is predicted to register healthy growth at a CAGR of 5.88 % during the forecast period 2022–2030.

Request Sample Copy of Research Report @ https://www.astuteanalytica.com/request-sample/asean-us-corporate-wellness-market

In the upcoming year, about 60% of large businesses intend to expand their investment in employee wellness programs, finds a report by the National Business Group on Health. It increased from 44% in 2020 to 32% in 2016. The most effective corporate wellness initiatives are those that are specifically crafted to meet the needs of the business and its personnel. They might also provide services like on-site exercise centers, health exams, educational seminars, wellness coaching, stress management programs, healthy eating initiatives, etc.

Market Dynamics

Drivers

The workforce is getting older, which is another trend boosting demand for corporate wellness initiatives. Companies are concerned about losing the knowledge and experience of baby boomers as they approach retirement age. Wellness initiatives can support the long-term health and productivity of older workers.

Health and wellness attitudes are evolving as people become more aware of the value of leading healthy lives and seek greater workplace support for their wellness objectives.

Chronic diseases are growing increasingly prevalent, and they are expensive to cure. Examples of chronic diseases include diabetes, obesity, and heart disease. Employers think that wellness initiatives can aid in preventing the onset of these disorders or at the very least, can aid in improving their management to reduce costs.

Restraints

Healthcare cost inflation: The corporate wellness sector is experiencing a sharp increase in healthcare costs, which is straining business margins. By encouraging preventative care and early identification of health issues, wellness programs can aid in cost reduction.

Limited Resources: It can be expensive to create and sustain corporate wellness programs. Many businesses lack the funding for extensive wellness programs, and even those that do may not have enough funding to accommodate all of their employees. It could be challenging to offer high-quality services and content as a result. Additionally, businesses might not have the internal personnel necessary to operate a corporate wellness program.

Companies Profile

With a combined market share of more than 40%, the top four competitors in the corporate wellness space are EXOS, Vitality Group, ADURO, INC., and ComPsych. These businesses have been successful in establishing and maintaining a culture of health and wellness inside their workplaces, which has enhanced worker engagement and productivity while also lowering healthcare expenses and absenteeism.

Regional Analysis

In 2021, the United States acquired a substantial share of 93.9% of the ASEAN & US corporate wellness industry. Workplace wellness initiatives have become widespread, benefiting both employees and companies. About 52% of American businesses provide wellness initiatives. 72% of firms have seen a decrease in healthcare expenses after implementing various wellness programs. A significant number of businesses provide wellness initiatives in the United States. The working-age population is growing, and the necessity for employee health management is becoming more widely recognized. As a result, the ASEAN area predicts to develop at the highest CAGR of 6.71% from 2022 to 2030.

The demand for corporate wellness products has increased recently in the US market. Companies are spending more money on initiatives and services that support worker’s health and happiness. This tendency is due to many aspects.

First, rising healthcare expenses are a concern for employers. They are seeking solutions to reduce these expenses while encouraging healthy habits among their staff members.

Second, businesses are aware of the connection between worker health and output. Good health leads to higher productivity and fewer sick days missed by employees.

Finally, businesses want to entice and keep the best employees. A solid business wellness program can be an effective asset for both hiring and keeping employees.

In the coming years, the corporate wellness sector will likely expand further. The ongoing demand for affordable solutions to the rising cost of healthcare and the need to support employee health and productivity will be the driving forces behind this expansion.

Segmentation Analysis

Service Analysis

In 2021, the integrated health/ check assessments segment accounted for a 22% share of the industry. Large enterprises and small and medium-sized businesses use health/check assessments to provide employee well-being services. Screening activities help to identify health concerns, and relevant intervention measures are put into place to encourage employees to lead healthy lifestyles. Contrary, the segment for stress management will expand at the highest growth rate of 6.35% from 2022 to 2030.

Availability Analysis

In 2021, the on-site segment recorded a market share of 58.9% of the ASEAN & US corporate wellness industry and will continue dominating the market. The ability to exercise to meet people’s health needs and add a personal touch to their well-being through on-site wellness initiatives under the direction of fitness consultants and trainers is expanding and boosting segment growth. The best way for a company to promote fitness throughout the work is through on-site exercise programs or classes.

Enterprise Size Analysis

In 2021, the large enterprise segment dominated the ASEAN & US corporate wellness industry accounting for 56.4% share. In the US and ASEAN countries, a large enterprise is the main user of corporate wellness initiatives. The businesses in this group employ more than 500 people. Corporate wellness initiatives aim to enhance workers’ health and happiness. Programs for stress management, fitness, and health screenings are a few instances of these initiatives.

Employees can gain from corporate wellness initiatives in many ways, such as better health, less stress, and increased productivity. These initiatives also assist in reducing healthcare expenses for businesses. Corporate wellness initiatives also contribute to a better work environment. Corporate wellness initiatives are becoming important to large firms, which prioritize them. Companies must provide employee-focused benefits like corporate wellness programs in order to compete for top personnel. Today’s workforce is searching for companies who are concerned about their welfare and provide benefits that promote their health and well-being.

Directly Purchase a copy of report with TOC @ https://www.astuteanalytica.com/inquire-before-purchase/asean-us-corporate-wellness-market

Segmentation Outline

By Service

  • Integrated Health Check/ Assessments
  • Emergency Care
  • Biometric Screenings
  • Health Coaching
  • Tobacco cessation
  • Weight management
  • Stress Management
  • Others

By Availability

  • On-Site
  • Off-Site

By Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

By Provider

  • Corporate Wellness Consultant
  • Corporate Wellness Coach
  • Psychological Therapist
  • Others

By Region

  • ASEAN
    • Cambodia
    • Indonesia
    • Malaysia
    • The Philippines
    • Singapore
    • Thailand
    • Rest of ASEAN
  • The US

To gain more insights into the market with a detailed table of content and figures, click here: https://www.astuteanalytica.com/industry-report/asean-us-corporate-wellness-market

About Astute Analytica 

Astute Analytica is a global analytics and advisory company which has built a solid reputation in a short period, thanks to the tangible outcomes we have delivered to our clients. We pride ourselves in generating unparalleled, in depth and uncannily accurate estimates and projections for our very demanding clients spread across different verticals. We have a long list of satisfied and repeat clients from a wide spectrum including technology, healthcare, chemicals, semiconductors, FMCG, and many more. These happy customers come to us from all across the Globe. They are able to make well calibrated decisions and leverage highly lucrative opportunities while surmounting the fierce challenges all because we analyze for them the complex business environment, segment wise existing and emerging possibilities, technology formations, growth estimates, and even the strategic choices available. In short, a complete package. All this is possible because we have a highly qualified, competent, and experienced team of professionals comprising of business analysts, economists, consultants, and technology experts. In our list of priorities, you-our patron-come at the top. You can be sure of best cost-effective, value-added package from us, should you decide to engage with us.

Contact us:

Aamir Beg
BSI Business Park, H-15,Sector-63, Noida- 201301- India
Phone: +1-888 429 6757 (US Toll Free); +91-0120- 4483891 (Rest of the World)
Email: sales@astuteanalytica.com
Website: www.astuteanalytica.com
Follow US: LinkedIn | Twitter

Sign up and submit a press release

Sponsored
New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

New Clarius Power Fan HD3 Delivers a First for Handheld Ultrasound: Continuous Scanning

Fluidx Unveils New Embolic for Neurovascular Use

Fluidx Unveils New Embolic for Neurovascular Use

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

Annalise.ai and Nuance Communications (a Microsoft Company) Announce Key Partnership to Improve Patient Outcomes with Workflow-Integrated AI

PT Genie Unveils New Brand Identity Reflecting Company’s Transformation and Focus on the Global Future of AI and Machine Learning in Digital Healthcare

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

Clarius Marketplace Unlocks the Power of AI Innovation for Ultrasound Imaging

interviews & reviews
Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Balance Boards to Stay Active in the Offfice: Interview with Joel Heath, CEO of FluidStance 

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Exciting Medtech at the Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Medgadget Visits Healthcareᐩ Expo Taiwan

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Diabetes Management Tech for Type II patients: Interview with Jeffrey Brewer, CEO of Bigfoot Biomedical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

Monitoring Congestive Heart Failure Through Speech: Interview with Tamir Tal, CEO of Cordio Medical

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

In-Office Pediatric Ear Tube Procedures: Interview with Preceptis Medical's Greg Mielke

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

Symani Microsurgical Robotic System: Interview with Mark Toland, CEO of Medical Microinstruments

  • Subscribe
  • Contact us
  • Submit
  • About
  • Back to top
Medgadget

Medical technologies transform the world! Join us and see the progress in real time. At Medgadget, we report the latest technology news, interview leaders in the field, and file dispatches from medical events around the world since 2004.

  • About
  • Editorial policies
  • Contact
  • Terms of Service
  • Privacy
  • Submit press release
  • Advertise
© Medgadget, Inc. All rights reserved. | The Medical Revolution Will Be Blogged.
Please support this website by adding us to your whitelist in your ad blocker. Ads are what helps us bring you premium content! Thank you!
Posting....
  • Facebook
  • Twitter
  • LinkedIn
  • Reddit
  • Email