Corporate Wellness Services
The Corporate Wellness Services industry experienced growth over the five years to 2019 as many businesses purchased wellness programs in an effort to contain rising healthcare costs. According to the research corporation RAND, 69.0% of employers surveyed in 2013 had purchased screening services and intervention services, providing steady demand for industry services (latest data available). In response to the obesity epidemic, which may increase employer-mandated health insurance costs, many businesses have implemented biometric screening services. Over the five years to 2024, industry revenue is forecast to grow. According to a survey by the Society for Human Resource Management (SHRM), in 2017, 25.0% of companies surveyed reported that they increased their wellness program benefits in the past year, with this trend expected to continue during the five-year period (latest data available).
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.
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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