Global on-site care market is growing

Global on-site care market is growing

Employers in the US are recognizing the benefits of on-site healthcare for their employees in growing numbers. Companies benefit from cost savings, improved productivity, and reduced absenteeism. Employees benefit from the convenience of accessing basic healthcare services such as preventive care, immunizations, and well checks, without losing time at work. Treatment for illness or injury is also made more expedient with on-site clinics.

The growth of on-site healthcare facilities is growing across the world as well. Future Market Insights (FMI) recently published a report, “On-site Preventive Care Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” that examines the global on-site care market. According to FMI, the compound annual growth rate (CAGR) of on-site preventive care is expected to grow 7.1% from 2017 to 2027.

In its report, FMI points out that the “standards set in the workplace for the safety of workers and the need to adhere to workplace norms have triggered the demand for on-site preventive care.” In addition, “the increasing incidences of workplace illness has also made it an obligation for employers to follow employee safety codes and adopt on-site preventive care.”

Over a third of the global on-site preventive care market share is held by North America. Western Europe follows closely. Within the North American market, the US market is growing as a “mature market,” in which many employers have adopted workplace wellness programs in addition to providing on-site healthcare clinics for their employees. Programs to help employees stop smoking, lose weight, and general maintain their health contribute significantly to the benefits of on-site care.

On-site healthcare clinics also help employers stay competitive across the globe. The benefit of on-site healthcare is used to attract and retain quality talent. Particularly in the US, where the unemployment rate is low and qualified workers may be challenging to recruit, the added benefit of on-site health, coupled with wellness programs, can be an enticing incentive to potential new hires.