Corporate Wellness Services

Overview

The Corporate Wellness Services industry has experienced strong growth and is expected to prosper in the years to come. Corporate wellness services provide workplace programs to help corporations improve the health of their employees. As healthcare costs rose and discounts were implemented for employees participating in wellness programs, more corporations demanded services from corporate wellness providers. As such, in the five years to 2011, industry revenue is expected to increase an average 4.3% per year to $1.8 billion. An increase in corporate profit and a decline in Americans’ overall health also helped boost revenue in the past five years. In 2011, IBISWorld estimates industry revenue grew 7.0% as corporate profit improved further by 8.5%, allowing more corporations to afford this industry’s services.