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 Key Buyers Chapter
The industry has a low level of ownership concentration. In 2013, IBISWorld estimates that the four largest firms in the Corporate Wellness Services Industry generated about 12.0% of industry revenue. The industry is composed of a large number of small players. Most firms have an average of one to two employees. This low level of concentration causes most competition to occur on a regional basis; however, larger organizations in this industry may operate in more than one region.
Due to this industry's growth and untapped market potential, the major players in this industry are expected to gain significant market share over the next five years, benefiting from improved economic conditions and the continued trend toward health awareness and preventive medicine... purchase to read more