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KEY FINDINGS
The Asia-Pacific workplace wellness market is projected to register a CAGR of 7.11% during the forecast period, 2022-2030. The growing large enterprises and medium scale organizations, the increasing initiatives by employers for employee wellness, and the rising importance of stress management propel market growth.
MARKET INSIGHTS
China, Singapore, Thailand, Indonesia, South Korea, Australia & New Zealand, India, Japan, and Rest of Asia-Pacific are evaluated for the Asia-Pacific workplace wellness market growth analysis. Japan has the highest suicide rates among the G7 countries, with work-related stress as the key perpetrator. As per the official data, increasing work-related mental diseases like depression and anxiety and pandemic-induced stress are raising the market demands. At the same time, the companies are taking the employees' mental health and physical health into account. As a result, the Japanese legislation obligates some organizations to take a stress check' for identifying and tackling work-related mental health disorders at the earliest.
In Indonesia, wellness initiatives have gained traction in the last ten years. Also, these have made a difference in the country. Additionally, employers are recognizing the importance of wellness initiatives in influencing employee health and organization productivity.
In India, stats suggest that most professionals are stressed at work once a week. For instance, as per research, 7 out of 10 Indian workers were stressed once a week regularly. Another survey states that stress levels in India were much higher than the Asia-Pacific average of 60%. Moreover, only 15% of India's total workforce is covered with corporate health & wellness programs. Such factors drive market growth in these countries.
COMPETITIVE INSIGHTS
Virgin Pulse, Vitality Group, Workplace Options, Wellness Corporate Solutions (LabCorp Employer Services), etc., are among the leading companies in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments