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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Health Fitness Corporation Health Fitness Corporation 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 - Starting a New Business Chapter

Investment requirements are low to start a corporate wellness firm, however most industry firms rely heavily on the expertise of professionals in the health and wellness industry including nutritionists and physical trainers and therapists. These professionals require extensive qualifications, certifications and training, and call for a higher pay grade. New entrants that do not already have extensive knowledge of the healthcare and wellness industry and do not have a leadership team in place with the necessary certifications and qualifications are at a disadvantage. Firms led by certified and experienced healthcare or wellness professionals have more credibility in the market, and are more suited to compete with the more established players... 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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