Industry Analysis & Industry Trends
During the past decade, academic research and media attention have focused on the costs imposed on businesses by illness and injury. According to a government report published in 2008, occupational injury and illness cost businesses an estimated £30 billion, while the cost of people not performing their jobs properly because of illness or injury is estimated to cost more than double this. Businesses have gradually come to realise the role corporate wellness services can play in reducing these costs, encouraging firms to invest in the industry's services.
Despite this, industry revenue declined during the base year and remained fragile during the start of the period as the economic downturn negatively influenced demand for 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 55% in 2014-15. 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