Skip to main content

Corporate Wellness Market By 2023 – Asia-Pacific to Witness Increase in Corporate Wellness Programs

The latest report published by Transparency Market Research (TMR) titled “Corporate Wellness Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023,” offers an in-depth analysis of the global corporate wellness market. According to TMR, the global corporate wellness market is witnessing the growth due to the presence of the both local and global companies. There has also been a steady growth in the number of MNCs in emerging countries, boosting the demand for corporate wellness. Some of the key market players in the global corporate wellness market are adopting various strategies such as product portfolio expansion, expanding geographically, increasing investment in extensive wellness programs, mergers and acquisitions, etc.
Profits of companies are negatively affected by declining productivity due to absenteeism. Hence, increasing number of companies are investing in corporate wellness initiatives to maintain and improve the health of employees. Companies are also adopting regular fitness activities. Along with the wellness programs companies have also started offering flexible workplace environment, teleworking, flexible schedules, practicing mindfulness is also becoming the part of wellness programs. There has also been an increased demand for corporate wellness services, owing to the increase in healthcare cost and discounts offered to the employees participating in wellness programs.
Rising adoption of corporate wellness is also creating an opportunity for nutrition consultants, fitness consultants, psychological therapists and the companies that offer all these facilities under one roof.
Asia-Pacific to Emerge as the Biggest Market for Corporate Wellness
Corporate wellness is already being practiced in developed regions such as Europe and North America. However, the corporate wellness market holds a great potential in Asia-Pacific region. As a developing market, MNCs and other global companies are focusing setting their footprints in various countries in Asia-Pacific. Hence, the scope of corporate wellness programs will increase with the growth in industrialization. Key market players are also looking forward to expanding their product portfolio by entering into mergers and acquisitions, some of the leading market players are Trotter Wellness, Corporate Wellness Solutions, FitLinxx, GCC Group, Provant Health Solutions and others. Fitbit is also planning to expand its business operations to offer corporate wellness solutions.
Initiatives by the government that require companies and organizations to provide corporate wellness programs for employees is also driving the growth of corporate wellness market in Asia-Pacific. Various reforms are also being introduced globally, for instance, new reforms in the Affordable Care Act in the U.S. raised the capital on incentives offered to employees participating in wellness programs, and it has been raised from 20% to 30%. Introduction of more such reforms will lead to the increasing participation of employees in wellness programs.
Fill the form to gain deeper insights on this market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=4743
Companies across the globe are also facing the problem of employee retention, thus the implementation of corporate wellness can also result in holding human resource, as the wellness program can motivate employees to perform better, thereby increasing productivity.
Along with the established companies, small organizations are also expected to adopt corporate wellness programs. Rising industrialization in emerging nations is also expected to boost the growth of the global corporate wellness market. Companies have also started providing various services such as biometric screening, lifestyle coaching, free subscriptions on fitness bands as well as discounts at various fitness centers and gyms. However, the inefficient planning for corporate wellness programs, leading to the increased cost for organizations is one of the biggest challenges. The report by TMR provides all the macro and micro factors essential for the leading market players and new entrants or start-ups.
Labels:
Location: Albany, NY 12207, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more