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Future Market Insights

Global Industry Outlook & Business Review

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On-site Preventive Care Market to Reach $32bn by 2027

Future Market Insights (FMI) has published a new report titled ‘On-site Preventive Care Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’.

The report states that the standards set in the workplace for the safety of workers and the need to adhere to workplace norms have triggered a demand for on-site preventive care. In addition, increasing incidences of workplace illnesses have also made it an obligation for employers to follow employee safety codes and adopt on-site preventive care.

As a result, the global on-site preventive care market is expected to witness a compound annual growth rate (CAGR) of 7.1% from 2017 to 2027. The market was worth around $16.1bn in 2017 and is likely to reach a valuation of $32bn by the end of 2027.

On-site clinics enable employees to receive essential care at the time of emergency without having to leave the workplace. Clinicians in these clinics also aid employees to search for a primary care physician who they can consult with on a regular basis.

As a FMI analyst quotes, “Changes in lifestyle among the working class have incessantly impelled employers to establish certain behavioural standards within the workplace. This is one of the core factors responsible for the growing adoption of on-site preventive care in several organisations across the globe.

Burgeoning penetration of workplace wellness programmes to bode well for the market

Recently, workplace wellness programmes have become one of the most adopted healthcare services in the world. It is expected that its adoption will increase in the coming years due to the implementation of the Affordable Care Act.

This act is expected to promote an increase in the employee-based coverage of workplace wellness and also promote these programmes through several provisions. The growing incidences of chronic diseases among the working population have also become a matter of concern and this has compelled employers worldwide to adopt and promote workplace wellness programmes.

Employers that have adopted on-site preventive care services have reported enhanced performance ranging from heightened morale and cost savings to productivity. The reduction of time, access, and cost along with misunderstanding of the benefits of prescribed wellness programmes result in the underutilisation of primary care services.

As a result, employees flood emergency rooms and miss out on critical preventive care measures, while also leaving chronic conditions go unmanaged. In this regard, on-site clinics provide employees with the necessary support without having to leave their work and plus clinicians work together with patients in a cohesive environment to address various health-related issues.

North America and Western Europe to compete

In 2017, North America held a share of 37% in the global on-site preventive care market, closely followed by Western Europe. The dominance of North America can be attributed to the several policies implemented by the US Government pertaining to employee safety and the adoption of certain employee codes of safety. The US is also an extremely mature market due to the high adoption of workplace wellness programmes.

Companies to innovate services in the global market

In order to stay ahead of the competition, several companies operating in the global market are focusing on innovating their existing services and integrating new services.

Some of the leading companies in the market are Premise Health, OnSite Care, PrevMED, RepuCare, Healthcare Solutions Centers, McCormack & Kale Motiva Health & Chiropractic, Marino Wellness, Kinema Fitness and TotalWellness.

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To find out more information about report methodology, click here.