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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 2014

All is well: Companies looking to cut healthcare costs will look toward operators that prove positive ROI

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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$7bn
Annual Growth 09-14
5.6%
Annual Growth 14-19
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Profit
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Employment
40,521
Businesses
5,151
Industry Analysis & Industry Trends

The Corporate Wellness Services industry has experienced robust growth over the past five years, due to many businesses' purchasing wellness programs to help lower healthcare costs. Many businesses have grappled with illness-related costs, such as a loss of productivity due to employee absenteeism, bolstering demand for corporate wellness programs. During the five years to 2019, industry revenue is forecast to exhibit strong growth. According to a 2012-2013 Health Care Reform study by Willis, a majority of businesses surveyed reported that they planned on expanding the scope of their wellness program, which will provide opportunities for the industry over the next five years.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Corporate Wellness Services is currently in the growth stage of its life cycle. During the 10 years to 2019, industry value added (IVA), which measures an industry's contribution to the overall economy, is expected to grow at an annualized rate of 8.3%. Comparatively, US GDP is anticipated to rise at an average annual rate of 2.5% during the ten-year period. Overall, the industry is growing, which can be attributed to many businesses adopting wellness programs to help lower healthcare costs. Thanks to the Patient Protection and Affordable Care Act implementing penalties for businesses that do not provide employer-mandated health insurance, with penalties set to commence in either 2015 or 2016, many businesses will invest in corporate wellness 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
Providing health assessments and screeningsProviding education on nutrition and other health related topicsProviding fitness classes and services


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