Author: Sarah Turk, IBISWorld
What services constitute the corporate wellness industry? How big is our industry in financial terms? How many are corporate wellness services vendors out there? These are just a few of the answers you will find in this edition of the Connections newsletter.
Why is this important?
This 34-page report provides a concise summary of the size and major characteristics of the corporate wellness services industry in the U.S. It is important because it is one of the few well-researched and quantitively strong examinations of the size, scope, characteristics and business performance of the corporate wellness industry.
The report provides a great deal of information about market size and the external drivers that are likely to shape the future growth of the industry. The current overall size of the industry was estimated to be $7.8 Billion in 2016 and is projected to have a future annual growth rate of 7.8% for the next five years. However, this growth will likely be affected in a major way by the level of corporate profits, the rates of growth in health plan coverage and cost, the number of employees in the labor force and the awareness of the prevalence of modifiable health risk factors.
The report provides validation and credibility of the size and importance of the industry to the U.S. employer community and identifies a range of key characteristics for industry analysis.
Click here to download this document
NOTE: You will need to have an active WellCert Membership in order to download this document.
I hope this tool helps you reach your wellness programming goals! Drop me a note and let me know your thoughts and if you found it to be helpful: [email protected].