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PUBLISHER: Grand View Research | PRODUCT CODE: 1321326
PUBLISHER: Grand View Research | PRODUCT CODE: 1321326
Australia And New Zealand Corporate Wellness Market Size, Share & Trends Analysis Report By Service (Health Risk Assessment, Smoking Cessation, Health Screening), By Category, By Delivery Model, By End Use, And Segment Forecasts, 2023 - 2030
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Australia And New Zealand Corporate Wellness Market Growth & Trends
The Australia and New Zealand corporate wellness market size is expected to reach USD 2.15 billion by 2030, registering a CAGR of 5.46% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is increasing due to the rising awareness of employee health and well-being. The factors such as increased health awareness, rising employee absenteeism, and capital spending by the private sector are contributing to the market growth. Additionally, chronic conditions such as diabetes, hypertension, cancer, and asthma, are responsible for the rise in loss of productivity and absenteeism. The prevalence of chronic diseases is high in New Zealand and Australia. According to the data published by the Australian Institute of Health and Welfare in February 2023, as per the survey from 2017-18, around 2.7 million (11%) of the total population faced the problem of asthma. From the age group 0-14 asthma was usually seen in boys. In the age group of 15-24 and 45 and over asthma was usually noticed among women.
In addition, the pandemic forced employees and firms to increase their use of new technologies. Employees suffered from stress-related health problems such as insufficient sleep, smoking, alcoholism, improper diet, and lack of physical activity. According to the data published by the Australian Institute of Health and Welfare in April 2023, as per the report in 2021, the alcohol consumption per person from the age group of 15 years and above is 9.5 liters. Alcohol consumption in Australia is more than the Organization for Economic Cooperation and Development (OECD) average of 8.4 liters.
The COVID-19 pandemic had a significant impact on Australia and New Zealand markets. Due to the pandemic and government restrictions, the offices were shut down which resulted in work-from-home transition and increased employee stress. There was a shift from traditional workplace programs to online wellness programs. The companies started offering online fitness classes, and stress management programs. The pandemic focused on the importance of mental health support in the workplace as employees faced stress, anxiety, and isolation.
Australia And New Zealand Corporate Wellness Market Report Highlights
- Based on service, the HRA segment dominated the market with the share of 20.4% in 2022, as they are a crucial component involving the evaluation of health status, lifestyle choices, and risk factors of employees within an organization
- On the other hand, the stress management segment is expected to grow at the fastest CAGR of 6.3% during the forecast period, as corporate programs focus on raising awareness about stress and its impact on employees' physical and mental health
- Based on category, the organization/employers segment accounted for the largest revenue share of 50.1% in 2022, as increasing work stress, long work hours, and health issues among Australians are expected to drive the need for employee well-being practices by employers. The fitness and nutrition consultants segment is expected to grow at the fastest rate during the forecast period, as there is a rise in the accessibility of fitness services, such as massage, nutrition consultation, and yoga among others
- Based on the delivery model, the onsite segment dominated the market in 2022. The offsite segment is expected to experience the fastest CAGR if 6.0% during the forecast period due to the increasing adoption of technology
- Based on the end-user, the large-scale organization's segment accounted for the largest revenue share of 53.0% in 2022, as large companies often include incentives for participating, such as fitness tracking devices and reduced deductibles. The medium-scale organization's segment is expected to expected at the fastest CAGR of 5.9% during the forecast period due to the quick adoption of employee health services
Product Code: GVR-4-68039-923-1
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Service
- 1.1.2. Category
- 1.1.3. Delivery model
- 1.1.4. End use
- 1.1.5. Country
- 1.1.6. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Service outlook
- 2.2.2. Category outlook
- 2.2.3. Delivery model outlook
- 2.2.4. End-use outlook
- 2.2.5. Country outlook
- 2.3. Competitive Insights
Chapter 3. Australia & New Zealand Corporate Wellness Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Reimbursement framework
- 3.4. Market Dynamics
- 3.4.1. Market driver analysis
- 3.4.2. Market restraint analysis
- 3.5. Australia & New Zealand Corporate Wellness Market Analysis Tools
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier power
- 3.5.1.2. Buyer power
- 3.5.1.3. Substitution threat
- 3.5.1.4. Threat of new entrant
- 3.5.1.5. Competitive rivalry
- 3.5.2. PESTEL analysis
- 3.5.2.1. Political landscape
- 3.5.2.2. Technological landscape
- 3.5.2.3. Economic landscape
- 3.5.1. Industry Analysis - Porter's
Chapter 4. Australia Corporate Wellness: Service Estimates & Trend Analysis
- 4.1. Australia Corporate Wellness Market: Key Takeaways
- 4.2. Australia Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 4.3. Health risk assessment
- 4.3.1. Health risk assessment market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.4. Fitness
- 4.4.1. Fitness market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.5. Smoking cessation
- 4.5.1 Smoking cessation market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.6. Health screening
- 4.6.1 Health screening market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.7. Nutrition & weight management
- 4.7.1 Nutrition & weight management market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.8. Stress management
- 4.8.1 Stress management market estimates and forecasts, 2018 - 2030 (USD Million)
- 4.9. Others
- 4.9.1 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Australia Corporate Wellness: Category Estimates & Trend Analysis
- 5.1. Australia Corporate Wellness Market: Key Takeaways
- 5.2. Australia Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Fitness & nutrition consultants
- 5.3.1 Fitness & nutrition consultants market estimates and forecasts 2018 - 2030 (USD Million)
- 5.4. Psychological therapists
- 5.4.1 Psychological therapists market estimates and forecasts, 2018 - 2030 (USD Million)
- 5.5. Organizations/employers
- 5.5.1 Organizations/employers market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6. Australia Corporate Wellness: Delivery Model Estimates & Trend Analysis
- 6.1. Australia Corporate Wellness Market: Key Takeaways
- 6.2. Australia Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Onsite
- 6.3.1 Onsite market estimates and forecasts, 2018 - 2030 (USD Million)
- 6.4. Offsite
- 6.4.1 Offsite market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 7. Australia Corporate Wellness: End-use Estimates & Trend Analysis
- 7.1. Australia Corporate Wellness Market: Key Takeaways
- 7.2. Australia Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 7.3. Small-scale organizations
- 7.3.1 Small-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.4. Medium-scale organizations
- 7.4.1 Medium-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.5. Large-scale organizations
- 7.5.1 Large-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 8. New Zealand Corporate Wellness: Service Estimates & Trend Analysis
- 8.1. New Zealand Corporate Wellness Market: Key Takeaways
- 8.2. New Zealand Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 8.3. Health risk assessment
- 8.3.1. Health risk assessment market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.4. Fitness
- 8.4.1. Fitness market estimates and forecasts, 2018 to 2030 (USD Million)
- 8.5. Smoking cessation
- 8.5.1 Smoking cessation market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6. Health screening
- 8.6.1 Health screening market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7. Nutrition & weight management
- 8.7.1 Nutrition & weight management market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.8. Stress management
- 8.8.1 Stress management market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.9. Others
- 8.9.1 Others market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. New Zealand Corporate Wellness: Category Estimates & Trend Analysis
- 9.1. New Zealand Corporate Wellness Market: Key Takeaways
- 9.2. New Zealand Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 9.3. Fitness & nutrition consultants
- 9.3.1 Fitness & nutrition consultants market estimates and forecasts 2018 - 2030 (USD Million)
- 9.4. Psychological therapists
- 9.4.1 Psychological therapists market estimates and forecasts, 2018 - 2030 (USD Million)
- 9.5. Organizations/employers
- 9.5.1 Organizations/employers market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 10. New Zealand Corporate Wellness: Delivery Model Estimates & Trend Analysis
- 10.1. New Zealand Corporate Wellness Market: Key Takeaways
- 10.2. New Zealand Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 10.3. Onsite
- 10.3.1 Onsite market estimates and forecasts, 2018 - 2030 (USD Million)
- 10.4. Offsite
- 10.4.1 Offsite market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 11. New Zealand Wellness: End-use Estimates & Trend Analysis
- 11.1. New Zealand Corporate Wellness Market: Key Takeaways
- 11.2. New Zealand Corporate Wellness Market: Movement & Market Share Analysis, 2022 & 2030
- 11.3. Small-scale organizations
- 11.3.1 Small-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
- 11.4. Medium-scale organizations
- 11.4.1 Medium-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
- 11.5. Large-scale organizations
- 11.5.1 Large-scale organizations market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 12. Competitive Landscape
- 12.1. Recent Developments & Impact Analysis, By Key Market Participants
- 12.2. Market Participant Categorization
- 12.2.1. Corporate Wellness Australia
- 12.2.1.1. Company overview
- 12.2.1.2. Financial performance
- 12.2.1.3. Product benchmarking
- 12.2.1.4. Strategic initiatives
- 12.2.2. Holistic Services Group
- 12.2.2.1. Company overview
- 12.2.2.2. Financial performance
- 12.2.2.3. Product benchmarking
- 12.2.2.4. Strategic initiatives
- 12.2.3. Workplace Wellness Australia
- 12.2.3.1. Company overview
- 12.2.3.2. Financial performance
- 12.2.3.3. Product benchmarking
- 12.2.3.4. Strategic initiatives
- 12.2.4. Complete Corporate Wellness
- 12.2.4.1. Company overview
- 12.2.4.2. Financial performance
- 12.2.4.3. Product benchmarking
- 12.2.4.4. Strategic initiatives
- 12.2.5. Evolv
- 12.2.5.1. Company overview
- 12.2.5.2. Financial performance
- 12.2.5.3. Product benchmarking
- 12.2.5.4. Strategic initiatives
- 12.2.6. Corporate Work Health Australia
- 12.2.6.1. Company overview
- 12.2.6.2. Financial performance
- 12.2.6.3. Product benchmarking
- 12.2.6.4. Strategic initiatives
- 12.2.7. Logic Health
- 12.2.7.1. Company overview
- 12.2.7.2. Financial performance
- 12.2.7.3. Product benchmarking
- 12.2.7.4. Strategic initiatives
- 12.2.8. Health At Work
- 12.2.8.1. Company overview
- 12.2.8.2. Financial performance
- 12.2.8.3. Product benchmarking
- 12.2.8.4. Strategic initiatives
- 12.2.9. Healthbox NZ
- 12.2.9.1. Company overview
- 12.2.9.2. Financial performance
- 12.2.9.3. Product benchmarking
- 12.2.9.4. Strategic initiatives
- 12.2.1. Corporate Wellness Australia
Product Code: GVR-4-68039-923-1
List of Tables
- Table 1 List of abbreviation
- Table 2 Australia corporate wellness market, by service, 2018 - 2030 (USD Million)
- Table 3 Australia corporate wellness market, by category, 2018 - 2030 (USD Million)
- Table 4 Australia corporate wellness market, by delivery model, 2018 - 2030 (USD Million)
- Table 5 Australia corporate wellness market, by end use, 2018 - 2030 (USD Million)
- Table 6 New Zealand corporate wellness market, by service, 2018 - 2030 (USD Million)
- Table 7 New Zealand corporate wellness market, by category, 2018 - 2030 (USD Million)
- Table 8 New Zealand corporate wellness market, by delivery model, 2018 - 2030 (USD Million)
- Table 9 New Zealand corporate wellness market, by end use, 2018 - 2030 (USD Million)
List of Figures
- Fig. 1 Market research process
- Fig. 2 Information procurement
- Fig. 3 Primary research pattern
- Fig. 4 Market research approaches
- Fig. 5 Value chain-based sizing & forecasting
- Fig. 6 QFD modeling for market share assessment
- Fig. 7 Market formulation & validation
- Fig. 8 Australia & New Zealand corporate wellness market outlook, 2022 (USD Million)
- Fig. 9 Market trends & outlook
- Fig. 10 Australia & New Zealand Corporate Wellness Market segmentation
- Fig. 11 Penetration & growth prospect mapping
- Fig. 12 Market driver relevance analysis (Current & future impact)
- Fig. 13 Market restraint relevance analysis (Current & future impact)
- Fig. 14 Australia corporate wellness service market share analysis, 2022 & 2030
- Fig. 15 Australia corporate wellness service market: Segment dashboard
- Fig. 16 Health risk assessment market, 2018 - 2030 (USD Million)
- Fig. 17 Fitness market, 2018 - 2030 (USD Million)
- Fig. 18 Smoking cessation market, 2018 - 2030 (USD Million)
- Fig. 19 Health screening market, 2018 - 2030 (USD Million)
- Fig. 20 Nutrition & weight management market, 2018 - 2030 (USD Million)
- Fig. 21 Stress management market, 2018 - 2030 (USD Million)
- Fig. 22 Others market, 2018 - 2030 (USD Million)
- Fig. 23 Australia corporate wellness category market share analysis, 2022 & 2030
- Fig. 24 Australia corporate wellness category market: Segment dashboard
- Fig. 25 Fitness & nutrition consultants category market, 2018 - 2030 (USD Million)
- Fig. 26 Psychological therapist category market, 2018 - 2030 (USD Million)
- Fig. 27 Organizations/employers category market, 2018 - 2030 (USD Million)
- Fig. 28 Australia corporate wellness delivery model market share analysis, 2022 & 2030
- Fig. 29 Australia corporate wellness delivery model market: Segment dashboard
- Fig. 30 Onsite market, 2018 - 2030 (USD Million)
- Fig. 31 Offsite market, 2018 - 2030 (USD Million)
- Fig. 32 Australia corporate wellness end-use market share analysis, 2022 & 2030
- Fig. 33 Australia corporate wellness end-use market: Segment dashboard
- Fig. 34 Small-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 35 Medium-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 36 Large-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 37 New Zealand corporate wellness service market share analysis, 2022 & 2030
- Fig. 38 New Zealand corporate wellness service market: Segment dashboard
- Fig. 39 Health risk assessment market, 2018 - 2030 (USD Million)
- Fig. 40 Fitness market, 2018 - 2030 (USD Million)
- Fig. 41 Smoking cessation market, 2018 - 2030 (USD Million)
- Fig. 42 Health screening market, 2018 - 2030 (USD Million)
- Fig. 43 Nutrition & weight management market, 2018 - 2030 (USD Million)
- Fig. 44 Stress management market, 2018 - 2030 (USD Million)
- Fig. 45 Others market, 2018 - 2030 (USD Million)
- Fig. 46 New Zealand corporate wellness category market share analysis, 2022 & 2030
- Fig. 47 New Zealand corporate wellness category market: Segment dashboard
- Fig. 48 Fitness & nutrition consultants category market, 2018 - 2030 (USD Million)
- Fig. 49 Psychological therapist category market, 2018 - 2030 (USD Million)
- Fig. 50 Organizations/employers category market, 2018 - 2030 (USD Million)
- Fig. 51 New Zealand corporate wellness delivery model market share analysis, 2022 & 2030
- Fig. 52 New Zealand corporate wellness delivery model market: Segment dashboard
- Fig. 53 Onsite market, 2018 - 2030 (USD Million)
- Fig. 54 Offsite market, 2018 - 2030 (USD Million)
- Fig. 55 New Zealand corporate wellness end-use market share analysis, 2022 & 2030
- Fig. 56 New Zealand corporate wellness end-use market: Segment dashboard
- Fig. 57 Small-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 58 Medium-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 59 Large-scale organizations market, 2018 - 2030 (USD Million)
- Fig. 60 Recent Developments and Impact Analysis, by Key Market Participants
- Fig. 61 Strategy framework
- Fig. 62 Company Market position analysis
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