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 - Starting a New Business Chapter
Barriers to entry for the industry are estimated to be low and increasing. The skills required to operate a business vary, ranging from those required of a personal trainer through to those necessary of a highly educated doctor or physiotherapist. There is no legislation constraining corporate wellness services.
The capital required to start a corporate wellness business is not substantial, depending on the size of the business a new entrant may wish to target and on the scope of services they wish to offer. A new entrant aiming to start a niche business specialising in a certain segment within the industry may be able to start a sole proprietorship and operate with minimal technological and fitness equipment... purchase to read more