Corporate Wellness Services in Australia - Industry Market Research Report
Corporate Wellness Services in Australia
The Corporate Wellness Services industry has performed strongly in recent years, despite the pandemic causing havoc since late 2019-20 and leading to more people working away from offices. Greater recognition of mental health issues and their effects in the workplace has buoyed industry growth. Employee burnout has also emerged as a growing concern, buttressing employer enquiries into corporate wellness services, and lifting demand and revenue. Increased capital expenditure by the private sector and growth in the number of non-manual employees in the workplace have contributed to climbing demand for corporate wellness services. That's why industry revenue is expected to grow at an annualised 4.7% over the five years through 2022-23, to total $301.3 million, with a 2.0% jump anticipated in the current year.
Industry companies primarily provide workplace programs designed to improve the mental and physical wellbeing of employees through a combination of educational, organisational and environmental activities. Industry services do not include programs designed internally by a company’s human resources personnel.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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