The Rise Of The Wellness Industry
SME Magazine Singapore|Issue 31, 2021
Wellness isn’t just a fringe, New Age buzzword anymore. It’s no longer something only gym regulars or health gurus preach. It’s a trend that is developing around the world as people increasingly value leading a healthy lifestyle.
Ong Xiang Hong
The Rise Of The Wellness Industry

The COVID-19 pandemic has only accelerated that trend. There has been a shift in consumer health perceptions, that common illness like the flu are no longer seen as irritants, but are linked to a variety of health conditions.

A Bain poll of 1,200 adults in New York City, Munich and New Delhi reveals that despite cultural and demographic differences, people put a similar value on living healthy. Crucially, they face the same challenges in maintaining that healthy lifestyle.

A healthy lifestyle requires commitment, and this means that people’s relationships with healthcare businesses have changed. The emphasis is no longer about curing disease, but instead staying healthy and enjoying a higher quality of life. As incomes grow and lifestyles change, people are becoming more and more aware of “diseases of affluence” like heart disease, cancer, and diabetes. Such diseases are preventable by leading a healthy lifestyle.

CONSUMER PRIORITIES

Eating healthy and exercising are the cornerstones of healthy living. There are plenty of brands that can cater to these needs, as well as fitness trainers, influencers, and even government bodies that provide free advice.

However, consumers are now looking at a more holistic view of health. The COVID-19 pandemic not only shifted the health conversation to the immune system, but also to mental health and wellbeing. Workers stuck at home with a lack of inperson socialising began to realise how important mental wellbeing is not just for health, but also for work productivity.

This story is from the Issue 31, 2021 edition of SME Magazine Singapore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the Issue 31, 2021 edition of SME Magazine Singapore.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM SME MAGAZINE SINGAPOREView All
Cloud- Driven Recovery
SME Magazine Singapore

Cloud- Driven Recovery

With digital transformation being an important catalyst for Malaysia’s inclusive economic recovery, cloud computing plays an important role that enables . the country to acquire the advantages that technology offers.

time-read
5 mins  |
Issue 40, 2021
SME Magazine Singapore

Live Werkz: Venturing Beyond Southeast Asia

Being forward-looking in its approach has enabled LiveWerkz Pte Ltd to survive the Covid-19 pandemic, says vice president Tricia Ng. Despite being a Singaporean company, the company does not focus its efforts in the Southeast Asia region. Instead, Greater China and the Middle East become the foundation for its businesses. Ng tells SME the company’s strategies in facing a challenging future.

time-read
2 mins  |
Issue 42, 2021
SME Magazine Singapore

Singapore's Go Digital Well Received

More than 78,000 of Singapore’s SMEs have participated in the country’s Go Digital programme since its 2017 launch, with more about 40,000 becoming participants last year, including 30,000 that received Covid-19 incentives from the government.

time-read
2 mins  |
Issue 42, 2021
Accountants And SMEs: Creating A Sustainable World
SME Magazine Singapore

Accountants And SMEs: Creating A Sustainable World

For SME finance professionals, ‘sustainability’ is about achieving longevity. However, there is a confusion over different definitions of sustainability. They recognise the growing importance of tackling sustainability issues but lack the understanding of how doing this can be integrated into day-to-day practices within the finance function.

time-read
5 mins  |
Issue 42, 2021
Rebuilding Our Mental Well-Being In Sales
SME Magazine Singapore

Rebuilding Our Mental Well-Being In Sales

Sue Barrett is a writer, training provider and entrepreneur who founded Barrett in 1995 to positively transform the culture, capability and continuous learning of leaders, teams and businesses.

time-read
2 mins  |
Issue 42, 2021
Omicron: A Test Of Resilence
SME Magazine Singapore

Omicron: A Test Of Resilence

Global manufacturers have been facing a supply chain crisis since the start of the year. Just as it appeared that the situation was beginning to stabilise, the Omicron Covid variant reared its ugly head.

time-read
6 mins  |
Issue 42, 2021
Silver Lining In The Cloud
SME Magazine Singapore

Silver Lining In The Cloud

Although RAS Security Pte Ltd’s business was adversely affected by the pandemic, there’s a silver lining in the cloud. The occurrence has necessitated the company to innovate its business model to remain viable and led to the discovery of new areas of security service provision. Managing director Tejdeep Singh shares his journey.

time-read
2 mins  |
Issue 40, 2021
SME Magazine Singapore

Accelerating Artificial Intelligence

Singapore is introducing two new public artificial intelligence (AI) programmes as part of the strategy to use technology for social and economic good, involving a total allocation of S$680 million to accelerate AI research. The latest initiatives require a funding of S$180 million.

time-read
2 mins  |
Issue 40, 2021
Three Tips For Hiring Top Talents
SME Magazine Singapore

Three Tips For Hiring Top Talents

BIG EGOS LOSE TALENTS First up, when it comes to hiring, you must put aside your ego.

time-read
2 mins  |
Issue 40, 2021
The Economy Is Recovering, But What About People?
SME Magazine Singapore

The Economy Is Recovering, But What About People?

All signs are pointing towards a speedy recovery. Contrary to what this writer initially predicted, the economy seems to be genuinely recovering.

time-read
3 mins  |
Issue 40, 2021