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 Locations Chapter
The geographic spread of corporate wellness firms closely follows the dispersion of white-collar private and public sector firms. Given that London is one the largest financial centres in the world, the largest proportion of white-collar employees in the United Kingdom work in London. Therefore, London has the highest concentration of corporate wellness providers. Manchester, Birmingham and Scotland also have a significant number of corporate wellness firms... purchase to read more