Keeping well: Companies are likely to spend on wellness services in order to retain employees

During the past decade, there has been significant academic research and media attention on the costs imposed on businesses by illness and injury among workforces. Businesses have gradually come to realise the role corporate wellness services can play in reducing these costs, which has encouraged firms to invest in the industry’s services and contributed to revenue growth during the past five years. Declining unemployment and expansion in the range of services provided also supported industry expansion. However, large job cuts in the financial services sector, which is an important market for the industry, lacklustre demand from public-sector entities and strong external competition restricted growth. Revenue is expected to increase at a compound annual rate of more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Low unemployment and increased health consciousness is likely to support growth
  • Pricing pressure caused by rising competition has adversely affected profitability
  • A reduction in the number of skilled workers will decrease demand for wellness services
  • Industry Report - Starting a New Business Chapter

    Barriers to entry for the industry are estimated to be low and increasing. The skills required to operate a business vary, ranging from those required of a personal trainer through to those necessary of a highly educated doctor or physiotherapist. There is no particular legislation constraining corporate wellness services.The capital required to enter the industry is relatively high. However, this varies depending on the size of the business a new entrant wishes to target and on the scope of services they wish to offer. A new entrant aiming to start a niche business specialising in a certain segment may be able to start a sole proprietorship and operate with minimal equipment...purchase to read more.

    Additional Insights for the Corporate Wellness Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corporate Wellness Services Industry are

  • Easy access for clients
  • Access to highly skilled workforce
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Business confidence index and Health consciousness in the Corporate Wellness Services industry impact industry performance..

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    What's in this report

    What is the Corporate Wellness Services Industry?

    Companies in this industry provide a range of wellness services including health risk assessments, health and fitness programmes, educational advisory services and counselling services. These activities are designed to improve the health and well-being of employees in order to increase productivity and minimise costs for the company.

    Industry Products
  • Health risk assessments
  • Health and fitness programmes
  • Education and advisory services
  • Counselling services
  • Industry Activities
  • Providing health risk assessments
  • Designing and providing health and fitness programmes
  • Providing educational advisory services
  • Providing counselling services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business confidence index
  • Health consciousness
  • National unemployment rate
  • Real household disposable income

  • Current Performance
  • Wellness drivers
  • Other demand drivers
  • Margins widen
  • Chart: Revenue Growth

  • Industry Outlook
  • Potential issues
  • The ageing workforce
  • Margins expand slightly
  • Online services
  • Table: Corporate Wellness Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corporate Wellness Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Investment Banking & Securities Brokerage
  • Management Consultants
  • Consumers

  • Key Selling Industries
  • Gyms & Fitness Centres
  • Medical & Dental Instrument Manufacturing
  • Printing
  • Software Publishing

  • Products & Services
  • Health risk assessments
  • Health and fitness programmes
  • Education and advisory services
  • Counselling services
  • Other
  • Chart: Corporate Wellness Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • White-collar businesses
  • Public and non-profit sector
  • Blue-collar businesses
  • Other
  • Chart: Major Market Segmentation for the Corporate Wellness Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Corporate Wellness Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corporate Wellness Services Industry

  • Industry Globalization
    Nuffield Health, The British United Provident Association Ltd,
  • Table: Nuffield Health - financial performance
  • Table: The British United Provident Association Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Corporate Wellness Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Corporate Wellness Services Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blue-Collar Business
  • A business that employs workers to perform manual labour. This may involve skilled or unskilled work.
  • Health Check
  • When a health-care professional assesses an employee's health by performing a physical examination.
  • Health Risk Assessment
  • Health risk assessments provide a snapshot of an employee's health within an organisation. The assessment typically involves a questionnaire, risk score and feedback.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Corporate Wellness Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Corporate Wellness Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corporate Wellness Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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