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 SWOT Analysis Chapter
IBISWorld estimates that this industry is in a growth phase of its life cycle. Over the past decade, more companies have embraced corporate wellness programs as an important method of keeping employees healthy and improving healthcare costs. Growth has continued steadily along with fear of higher healthcare payments, which could strain profit margins.
This industry has consistently grown faster than the overall economy. Although the industry experienced a slight decline in 2009, operators experienced significant growth during the middle of the past decade. In the five years to 2018, the industry is expected to grow faster than the overall economy once again, albeit at a moderated pace... purchase to read more