They are leading the way to a more comprehensive understanding of well-being
The global health and wellness market continues to boom. According to Precedence Research, the sector is expected to grow to US$8.9 billion by 2034, with the Asia Pacific region contributing to US$2.8 billion, becoming its most lucrative market. The forecast identifies several growth factors, including people’s interest in warding off physical and mental diseases and their desire to lead a healthier lifestyle.
Indeed, people are looking for more ways to improve their health and are now turning to a holistic approach that considers the harmony of the body, mind and soul. Apart from minding physical health through nutrition and exercise, there is an increased focus on caring for mental health through practices such as meditation and stress management.
In the region, these innovators on the Asia’s Most Influential list are showing us the way to wellness. By sharing their expert knowledge on traditional medicine or providing a multitude of solutions for well-being, they help people achieve a more balanced lifestyle at the start of the new year and beyond.
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Ron Sim, founder and executive chairman, V3 Group (Singapore)
Under business magnate Ron Sim’s guidance, Singapore-based V3 Group has evolved into a global holding company that now operates in 118 cities across Asia, Oceania, the Middle East, Europe and North America. The company manages a portfolio of luxury gourmet, capital markets, real estate, integrated healthcare and well-being brands, including Osim, a leading producer of premium massage chairs.
Osim, which celebrates its 45th anniversary this year, also offers an ecosystem of wellness products such as body massagers, health monitors and air purifiers to enhance people’s health. One of its well-being chairs, for example, taps into the five senses to deliver relaxation and, with the power of AI, also measures, monitors and manages stress.
Sim’s health and well-being interests extend to supplement brand LAC, whose products range from daily vitamins and immunity boosters to traditional Chinese medicine and plant-based protein. The businessman also operates well-known gourmet brands, TWG Tea and Bacha Coffee, the latter of which opened new locations in Hong Kong and Malaysia in 2023.
