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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 - 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

 


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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