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 Analysis Chapter
The Corporate Wellness Services industry has experienced escalating demand in the five years to 2013. With rising healthcare costs and expanding corporate profit, companies have increased their demand for corporate wellness services. IBISWorld expects industry revenue to grow at an average annual rate of 5.6% to $2.2 billion over the five years to 2013. However, during the period, industry growth has been slightly restricted by external competition that provides cheaper options for improving employee health.
In 2013, IBISWorld estimates industry revenue to increase by 10.0%... purchase to read more