On-site preventative care is set to grow steadily June 15, 2018
Workplace clinics have been steadily growing in popularity among employers and employees over the past several years. A recent report published by Future Market Insights (FMI) states the number of on-site clinics, particularly those providing preventative care, will continue to increase among businesses throughout the US, at least over the next ten years.
The FMI report, “On-site Preventive Care Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” states 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 increase of workplace illnesses has “made it an obligation for employers to follow employee safety codes and adopt on-site preventive care.”
Increased productivity, reduced costs, and even improved morale are being realized by companies that offer their employees on-site preventative care. The enticement of this type of return on investment (ROI) has led more companies to offer their employees on-site preventative care. According to the FMI report, “the global on-site preventive care market is expected to witness a CAGR [compound annual growth rate] of 7.1% from 2017 to 2027. The market was worth around US $16,135 Mn [million] in 2017 and is likely to touch a valuation of $32,063 Mn [million] approximately by the end of 2027.”
Workplace wellness programs, including smoking cessation and fitness classes, are also becoming more popular. When employees need basic preventative services, such as immunizations and well checks, the convenient access to on-site care is a significant factor in their decision and their ability to secure such services. As FMI states, “on-site clinics provide employees with the necessary support without having to leave their work and plus the clinicians also work together with the patients in a cohesive environment to address their various health related issues.”