ASEAN & US Corporate Wellness Market

ASEAN & US Corporate Wellness Market: On Course to Reach US$ 30.82 Bn by 2030 with a Steady CAGR of 6.06%"

The ASEAN & US Corporate Wellness market is projected to experience significant growth from a market value of US$ 19.51 Bn in 2022 to US$ 30.82 Bn by 2030, marking a CAGR of 6.06%. This growth is indicative of an increasing focus on employee health and wellbeing in corporate environments.

Growth Influencers:

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.

Segment Overview:

The market is segmented by Service, Availability, Enterprise Size, and Provider.

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 and Medium Enterprises
• Large Enterprises

By 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.

Regional Overview:

In the ASEAN region, Malaysia demonstrates the fastest growth with a CAGR of around 7.30%. The US holds a substantial portion of the market with a revenue of US$ 18.32 Bn in 2022, expected to surpass US$ 28 Bn 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.

By Region

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

Company Profile:

The market is dominated by major players, collectively holding a market share of approximately 68.0%. 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.

Report Insights:

• The ASEAN & US Corporate Wellness market is set to reach US$ 30.82 Bn by 2030.
• Rising chronic diseases and awareness about employee wellbeing are key drivers.
• Malaysia leads growth in ASEAN, while the US dominates overall market revenue.
• Corporate Wellness Consultants are the primary providers in this market.

Questions to be Answered:

• What are the driving factors behind the growth of the ASEAN & US Corporate Wellness market?
• How are different regions contributing to the market dynamics?
• Which segments are experiencing the most growth?
• What role do major companies play in the market?