Just as well: Increasing health consciousness will help offset revenue declines

IBISWorld’s Corporate Wellness Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.


Industry Analysis & Industry Trends

The Corporate Wellness Services industry has struggled over the past five years. The industry initially recorded robust growth over the early stage of the period, as government funding subsidised the cost of corporate wellness programs. Subsequent increases in the number of affordable programs resulted in businesses recognising the benefits of promoting health and wellbeing in the workplace. However, government funding and support schemes ended midway through the period, leading to industry performance declining. Many industry operators that previously relied on government support to deliver affordable programs have since left the industry. As a result, industry revenue is expected to have declined by an annualised 0.4% over the five years through 2016-17...

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What is the Corporate Wellness Services industry?

Businesses in the industry are skewed towards the eastern states of Victoria, New South Wales and Queensland. Much of the industry's revenue is earned in CBDs, as white-collar and government workers are the major target markets. Many of the industry players that operate nationally have established premises close to finance hubs and office buildings, as industry activities are often held in or near the client company's office space.

Melbourne houses several large players in the industry and the head offices of many manufacturing and professional services firms. While the potential market is not as a big as New South Wales, Victoria has benefited from a high level of industry assistance from WorkSafe and Victorian Government initiatives. Syd...

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Additional Insights for the Corporate Wellness Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corporate Wellness Services Industry are

  • Easy access for clients
  • Access to highly skilled workforce
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Capital expenditure by the private sector and Health consciousness in the Corporate Wellness Services industry impact industry performance..

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    New Zealand Special Report

    Products & Brands

    Major products in this industry
    Health risk assessments and health checks
    Education and training
    Mental health programs
    Health and fitness programs
    Other services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Capital expenditure by the private sector
  • Health consciousness
  • Average weekly hours worked
  • Total number of non-manual employees in the workforce

  • Current Performance
  • Rising awareness
  • Government support
  • Profit and enterprises
  • Chart: Revenue Growth

  • Industry Outlook
  • Employee wellbeing
  • Online delivery growth
  • Changing product mix
  • Profit and enterprises
  • Table: Corporate Wellness Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corporate Wellness Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Financial and Insurance Services
  • Professional Services

  • Key Selling Industries
  • Computer System Design Services
  • Fitness
  • Health Services
  • Printing

  • Products & Services
  • Health and fitness programs
  • Health risk assessments and health checks
  • Education and training
  • Mental health programs
  • Other services
  • Chart: Corporate Wellness Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • White-collar businesses
  • Government clients
  • Blue-collar businesses
  • Other
  • Chart: Major Market Segmentation for the Corporate Wellness Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Corporate Wellness Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corporate Wellness Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Corporate Wellness Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Corporate Wellness Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Health Check
  • During a health check, a healthcare professional assesses an employee's health by performing a physical examination.
  • Health Risk Assessment
  • Health risk assessments provide a snapshot of employees' health within an organisation. The assessment typically involves a questionnaire, risk score and feedback.
  • Presenteeism
  • The cost of employees not performing their jobs to full capacity. This may be due to negative factors such as lack of sleep, fitness or poor nutrition.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Corporate Wellness Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Corporate Wellness Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corporate Wellness Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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