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 28.2 million working days in 2013-14, 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.
Industry growth was somewhat constrained during the start of the period as the economic downturn negatively influenced demand for the services provided by industry participants... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Corporate Wellness Services industry is expected to have a medium level of market share concentration, with the top four players in the industry estimated to have a combined market share of less than 60% in 2015-16. The industry is comprised mainly of small businesses employing fewer than 20 people. The level of industry concentration has increased marginally over the past five years as larger players have acquired smaller ones. For instance, the industry's largest player Nuffield Health acquired Bladerunner in 2010.
The level of industry concentration is expected to decline marginally over the next five years as low barriers to entry and stronger economic conditions attract smaller players into the industry... purchase to read more