The Global On-Site Preventive Care Industry is poised for a remarkable upswing, with projections indicating an impressive trajectory that is set to culminate in a staggering US$33.8 billion valuation by 2028. This optimistic forecast stems from an exhaustive analysis conducted by Future Market Insights (FMI) in their latest report titled “On-site Preventive Care Market: Global Industry Analysis (2022-2028) and Opportunity Assessment
At the heart of this anticipated success is a robust Compound Annual Growth Rate (CAGR) of 6.8%, signifying the industry’s resilience and its potential for substantial expansion. The comprehensive study emphasizes that this growth is expected to kick off from an estimated USD 22.8 billion in 2022, underscoring the sector’s rapid progression over the forecast period.
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On-site clinics enable employees to receive the required essential care at the time of emergency without having to leave the workplace. The clinicians in these clinics also aid employees in searching for a primary care physician whom they can consult with regularly. As a Future Market Insights 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 organizations across the globe.”
North America and Western Europe to Compete Neck and Neck
In 2017, North America held a share of 37.0% in the global on-site preventive care market closely trailed by Western Europe. The dominance of North America can be attributed to the several policies implemented by the U.S. government about employee safety and the adoption of certain employee codes of safety. The U.S. is also an extremely mature market owing to the high adoption of workplace wellness programmes.
Burgeoning Penetration of Workplace Wellness Programmes to Bode Well for the Market
In the recent past, workplace wellness programmes have earned the merit of being one of the most adopted healthcare services in the world. It has been further expected that its adoption will increase in the coming years owing 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. Moreover, the growing incidences of chronic diseases among the working population have also become a matter of concern and this has compelled employers across the globe to adopt as well as promote workplace wellness programmes.
Furthermore, employers who have adopted on-site preventive care services have reported enhanced performance ranging from heightened morale and cost savings to productivity. The death 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, missing out on critical preventive care measures and also leaving chronic conditions unmanaged. In this regard, on-site clinics provide employees with the necessary support without having to leave their work and the clinicians also work together with the patients in a cohesive environment to address their various health-related issues.
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Companies to Innovate Services in the Global On-Site Preventive Care Industry
To stay ahead of the competition, several companies operating in the global market are focussing on innovating their existing services and integrating new services. Some of the leading companies in the market are Premise Health, OnSite Care, Inc., PrevMED, RepuCare, Healthcare Solutions Centers, LLC, McCormack & Kale Motiva Health & Chiropractic, Inc., Marino Wellness, Kinema Fitness, and TotalWellness.
Key Market Segments Covered in Global On-Site Preventive Care Industry Research
By Service Type
- Acute Care
- Chronic Disease Management
- Wellness and Coaching
- Nutrition Management
- Diagnostic and Screening
- Others
By Management Model
- In-house Management Model
- Hybrid Management Model
- Outsourced Management Model
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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