Corporate wellness has been a critical keyword in the Asia Pacific fitness industry over the recent past. The number of people from the working class falling prey to chronic diseases and stress-related illnesses is growing by the day, and so is the sheer volume of people in the working class society itself. The rise of industrial power in Asia Pacific and the growing number of people becoming greatly concerned over their health is making is essential for the fitness industry to incorporate the corporate wellness market as an integral part, necessary to bring about the required change in individual health for the better.
Browse the full Fine Asia Pacific Corporate Wellness Market Report: http://www.mrrse.com/asia-pacific-corporate-wellness-market
The Asia Pacific corporate wellness market is expected to expand at an optimistic CAGR of 9.0% within a forecast period from 2016 to 2024, in terms of revenue. This revenue was already calculated at US$3.4 bn at the end of 2015. By the end of 2024, the Asia Pacific corporate wellness market is expected to reach US$7.4 bn.
Smoking Cessation Programs Growth to Take Off Exponentially
The Asia Pacific corporate wellness market holds nutrition, health screening, weight managements, health risk assessment, fitness, and smoking cessation, as the key segments in terms of the services being offered today. Of these, fitness holds the lion’s share and will continue to take up a heavy lead in the Asia Pacific corporate wellness market for the coming few years. At the same time, players in the Asia Pacific corporate wellness market are seeing a growing scope of opportunities in smoking cessation. This segment is expected to expand at a prolific CAGR within the given forecast period, owing simply to the rapidly growing number of smokers within the working class. China leads the APAC countries in terms of consumption of cigarettes and the number of smokers seems to be on the rise. This is pushing smoking cessation as a valuable segment in the Asia Pacific corporate wellness market.
China to Continue Leading Asia Pacific Corporate Wellness Market
The scope of the corporate wellness market in China has been relatively higher than other APAC countries. It is likely that the demand for this market in China will remain on the higher side for the coming years. The corporate wellness market in China is expected to expand at a CAGR of 9.1% within the forecast period from 2016 to 2024, fueled by growing government support and increasing concern shown by employees over chronic diseases and stress levels. The nation benefits from the large number of players – both government and private – in this market to continue on a healthy growth path.
Japan and India Consolidate Position in Asia Pacific Corporate Wellness Market
While China is the dominant country in the Asia Pacific corporate wellness market, India and Japan are not too far behind and are already showing phenomenal growth in demand. The implementation of the Industrial Safety and Health Act in Japan, in December 2015, has brought forth a large number of players to this market, especially in the case of medical checkups which are now mandatory for all industrial workers and other employees. India is also showing a highly favorable growth rate in the Asia Pacific corporate wellness market, owing to a booming corporate and IT culture that is highly aware of the need to engage in physical exercise and maintain healthy diets.
Browse the full Press Release of Asia Pacific Corporate Wellness Market at :http://www.mrrse.com/corporate-wellness-market
The key players in the Asia Pacific corporate wellness market at the moment, include ComPsych Corporation, Central Corporate Wellness, JLT Australia (Recovre Group), Optum, Inc., SOL Wellness, Truworth Wellness, ConneXions Asia, Sodexo, and Bupa Wellness Pty Ltd.