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Corporate Wellness Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Corporate Wellness Services Market Research Report | Life Sciences | Wellness Services | Dec 2013

All good: Strong growth will continue as companies look to save on healthcare costs

IBISWorld’s Corporate Wellness Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 08-13
5.6%
Annual Growth 13-18
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Profit
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Employment
16,850
Businesses
8,684
Industry Analysis & Industry Trends

Corporate wellness services provide workplace programs to help corporations improve the health of their employees. As healthcare costs rose and discounts were implemented for employees participating in wellness programs, more corporations demanded services from corporate wellness providers. An overall increase in corporate profit and a decline in Americans' overall health also helped boost the industry in the past five years. As company and employee numbers rise in line with the recovering economy, demand for the industry's services will improve. This demand, however, will be slightly offset by external competition, such as from gym memberships that companies buy for their employees or from more internal wellness programs coordinated by HR staff.... purchase to read more

Industry Report - Industry Investment Chapter

This industry has a low level of capital intensity. For every dollar spent on labor, the average industry operator spends about $0.08 on capital improvements. Nevertheless, capital requirements have been making up a slightly larger portion of revenue during the past five years. Meanwhile, wages have been decreasing as a portion of revenue. The amount of investment in plant and equipment required for ongoing operations is low. Industry firms largely rely on knowledge, expertise and software to carry out wellness programs. Wages account for a large portion of industry revenue at 33.4% reflecting the industry's reliance on highly trained, expert personnel required for the various coaching, screening, training and counseling programs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Corporate Wellness Services Industry?

This industry includes companies that primarily provide workplace programs that offer a combination of educational, organizational and environmental activities designed to support behavior that is conducive to the health of employees and their families. This does not include programs designed internally by existing human resources personnel.

Industry Products
Health Risk Assessments (HRAs)ScreeningsNutritionWeight ManagementFitness ServicesOther servicesSmoking CessationStress Management
 
Industry Activities
Provide health assessments and screeningsProvide education on nutrition and other health related topicsProvide fitness classes and services


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