Industry Analysis & Industry Trends
During the past decade, there has been academic research and media attention on the costs imposed on businesses by illness and injury among workforces. According to the Health and Safety Executive, work-related illness and injury resulted in the loss of 27.3 million working days in 2014-15, costing over £14 billion. 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.
Growth was somewhat constrained during the start of the period as the economic downturn negatively influenced demand for the industry's services... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Corporate Wellness Services industry is in the growth phase of its life cycle. During the 10 years through 2020-21, industry value added is forecast to grow at a compound annual rate of 3.7%, compared with forecast growth in GDP of 2.1% over the same period. This indicates that the industry will account for a growing share of the UK economy.
Industry growth was somewhat restricted during the past five years as the economic downturn forced companies to trim spending on non-core services during the start of the period. However, the industry is well placed for growth over the next five years and beyond. Demographic and social trends are expected to result in the cost of poor health for businesses rising sharply... purchase to read more