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Corporate Wellness Services in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Corporate Wellness Services Market Research Report | SIC UK0.008 | Nov 2016

Healthy demand: Rising health consciousness should support continued revenue growth

IBISWorld’s Corporate Wellness Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Bupa plc Bupa plc market share
Nuffield Health Nuffield Health market share
Industry Statistics & Market Size
Revenue
£473m
Annual Growth 12-17
2.9%
Annual Growth 17-22
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Profit
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Employment
3,251
Businesses
85
Industry Analysis & Industry Trends

During the past decade, there has been some academic research and media attention on the costs imposed on businesses by illness and injury among workforces. 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 and contributed to revenue growth during the past five years. Declining unemployment, expansion in the range of services provided and increasing business expenditure on non-core services has also supported industry expansion. However, large job cuts in the financial services sector, which is an important market for the industry, and lacklustre demand from public-sector entities restricted growth. Revenue is expected to increase at a compound annual rate of 2.9%... 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

 


Industry ProductsRelated ReportsTable of Contents

What is the Corporate Wellness Services Industry?

Companies in this industry provide a range of wellness services including health risk assessments, health and fitness programmes, educational advisory services and counselling services. These activities are designed to improve the health and well-being of employees in order to increase productivity and minimise costs for the company.

Industry Products
Health risk assessmentsHealth and fitness programmesEducation and advisory services Counselling services
 
Industry Activities
Providing health risk assessmentsDesigning and providing health and fitness programmesProviding educational advisory servicesProviding counselling services


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