Australia Corporate Wellness Market Report and Forecast 2024-2032

Australia Corporate Wellness Market Outlook

The Australia corporate wellness market size reached USD 1.24 billion in 2023. The market is expected to grow at a CAGR of 5.34% between 2024 and 2032, reaching almost USD 1.97 billion by 2032.

Key Takeaways

• According to Australian Institute of Health and Welfare, approximately 11.6 million (47%) individuals had one or more of the 10 selected chronic conditions in 2020–21.

• Based on self-reported information from the 2020–21 NHS, mental or behavioural conditions, back problems, and arthritis were the most common of the 10 selected chronic conditions.

• Out of the 10 selected conditions, mental and behavioural conditions were the most common conditions among people aged 15–44 (25%).

• In 2022-2023, According to Australian Bureau of Statistics, health care and social assistance saw an increase of 6.1% increase in businesses, followed by financial and insurance services (2.7%), and transport, postal and warehousing (2.4%).

Australia prioritizes well-being through workplace programs and national framework

Many Australians suffer from chronic diseases. To address this, organizations are taking proactive steps by hiring professionals to implement health initiatives. These programs focus on preventative measures like health screenings and smoking cessation, alongside tools like Health Risk Assessments (HRAs) to identify potential health risks.

The Australia corporate wellness market growth is driven by the Work Health Safety Act (WHS) and its regulations that require employers to take an active role in ensuring their employees' mental, physical, and overall well-being. These regulations go beyond just safety; they promote a healthy work environment that can improve employee productivity. Government initiatives like the WHS Act show a growing focus on creating positive work cultures, which is expected to further encourage the adoption of workplace wellness programs.

In July 2023, Australia unveiled a national wellbeing dashboard. This online tool tracks progress on health, education, and the environment, aiming for a better balance between economic and social goals. The dashboard uses five categories: healthy, secure, sustainable, cohesive, and prosperous, and updates annually.

Market Segmentation

Australia Corporate Wellness Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Service

• Nutrition and Weight Management

• Health Risk Assessment

• Stress Management

• Smoking Cessation

Market Breakup by Category

• Fitness and Nutrition Consultants

• Psychological Therapists

• Organisations/Employers

Market Breakup by Delivery Model

• Onsite

• Offsite

Market Breakup by End Use

• Public Sector

• Private Sector

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

Leading Players in the Australia Corporate Wellness Market

The Australia corporate wellness market key players are Happy Melon Studios Pty Ltd., CHM Corporate Health Management Pty. Ltd, Bodycare Health and Wellbeing Pty Ltd., MantraCare Corporation, and The Wellbeing Collective, among others.

Key Highlights of the Report

Australia Corporate Wellness Market Report Snapshots

Australia Corporate Wellness Market Size

Australia Corporate Wellness Companies