Industry Analysis & Industry Trends
The Corporate Wellness Services industry has experienced robust growth over the past five years, due to many businesses' purchasing wellness programs to help lower healthcare costs. Many businesses have grappled with illness-related costs, such as a loss of productivity due to employee absenteeism, bolstering demand for corporate wellness programs. During the five years to 2019, industry revenue is forecast to exhibit strong growth. According to a 2012-2013 Health Care Reform study by Willis, a majority of businesses surveyed reported that they planned on expanding the scope of their wellness program, which will provide opportunities for the industry over the next five years.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Corporate Wellness Services industry is characterized by a low level of market share concentration. In 2014, the top four companies are expected to make up 9.6% of industry revenue. Overall, the industry is highly fragmented, which can be attributed to many corporate wellness companies solely catering to market niches. In particular, some companies may offer wellness services to nonprofit businesses or some public sector businesses. For instance, ValueOptions benefits from robust demand for behavioral health and wellness services from active duty members, retirees and their families via the Department of Defense's TRICARE program.
As a result, if corporate wellness companies can secure contracts to exclusively provide wellness services (e.g... purchase to read more