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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Key Buyers Chapter

The Corporate Wellness Services industry is characterized by a low level of market share concentration. In 2014, the top four companies are expected to make up 9.6% of industry revenue. Overall, the industry is highly fragmented, which can be attributed to many corporate wellness companies solely catering to market niches. In particular, some companies may offer wellness services to nonprofit businesses or some public sector businesses. For instance, ValueOptions benefits from robust demand for behavioral health and wellness services from active duty members, retirees and their families via the Department of Defense's TRICARE program.

As a result, if corporate wellness companies can secure contracts to exclusively provide wellness services (e.g... 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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