On-site preventive care market drivers June 29, 2018
The number of on-site employer-sponsored healthcare clinics is increasing and is projected to continue increasing over the next several years. Employers have realized the benefits of providing on-site clinics for their employees, including healthier employees, increased productivity, and an added incentive for recruiting and retaining talent. Employees enjoy the convenience of on-site healthcare and tend to use it more frequently because of that available access.
A study recently published by Future Market Insights (FMI) “On-site Preventive Care Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” points out that on-site healthcare incorporates “Wellbeing screenings (e.g. hypertension or cancer), vaccinations, routine physical exams to screen wellbeing and survey future risk of developing conditions, instruction about legitimate nourishment and exercise, administration of existing conditions to expand personal satisfaction and decrease risk of future entanglements.”
The FMI study also identifies anticipated major growth drivers for the on-site preventive care market, including the “increasing incidence of life-threatening diseases such as cancer, cardiovascular and infective diseases.” Other factors identified include the “growing number of on-site preventive care centers worldwide, extending medical applications at workplace, increasing number of qualified physicians for on-site preventive care, expanding aging demographics etc.”
Particularly with rising healthcare costs, employees who are able to take advantage of the less expensive options of on-site healthcare are also more apt to seek out preventive care. That, in turn, helps to lower the rate of absenteeism and presenteeism (showing up for work when feeling ill or contagious) for the employer. Likewise, employees with chronic or complex conditions have access to convenient healthcare to treat illnesses that could otherwise become more significant issues for them and for their employer.
As the report states, “The global market for on-site preventive care is expected to flourish over the forecast period of 2017-2027 due to increasing awareness about physical, social and psychological, needs of patients with life-threatening diseases and their families.”