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 - Industry Locations Chapter
The geographic spread of corporate wellness firms closely follows the spread of white-collar private- and public-sector firms. Given that London is one of the largest financial centres in the world, the highest 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.
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