Industry Analysis & Industry Trends
After enjoying a long run of health during the early to mid-2000s, the Corporate Wellness Services industry has fallen ill during the past five years. A housing crash, financial crisis and two recessions since 2008-09 have seen employers cut back on non-core spending and slash jobs, constraining demand for health and wellbeing services. The downturn has proved particularly pronounced for corporate health providers as key customers like banks and accounting firms downsized and prioritised spending elsewhere.
During the past decade, academic research and media attention has focused on the costs imposed on business by illness and injury. As a result, companies have come to view corporate wellness services as an effective way of reducing costs and boosting productivity... purchase to read more
Industry Report - Industry Investment Chapter
The industry displays a moderate level of capital intensity. The capital-to-labour ratio for the industry is 1:3.2, meaning that for every £1.00 invested in capital, £3.20 is invested in labour. Wages represent the largest cost item for the industry. Corporate wellness providers employ a range of specialised healthcare and fitness professionals, including physiotherapists, doctors, nurses, dieticians and personal trainers. Capital costs are also high as purchases such as medical and fitness equipment are depreciated over the useful life of the asset... purchase to read more