Canada Corporate Wellness Market Size & Outlook, 2023-2030
Canada corporate wellness market, 2018-2030 (US$M)
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Canada corporate wellness market highlights
- The Canada corporate wellness market generated a revenue of USD 2,536.4 million in 2023 and is expected to reach USD 3,433.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, health risk assessment was the largest revenue generating service in 2023.
- Stress Management is the most lucrative service segment registering the fastest growth during the forecast period.
Corporate wellness market data book summary
| Market revenue in 2023 | USD 2,536.4 million |
| Market revenue in 2030 | USD 3,433.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Health risk assessment |
| Fastest growing segment | Stress Management |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health Risk Assessment, Fitness, Smoking Cessation, Health Screening, Nutrition & Weight Management, Stress Management |
| Key market players worldwide | ComPsych, Wellness Corporate Solutions, EXOR NV, Marino Wellness, Privia Health Group Inc, Wellsource, Truworth Wellness |
Other key industry trends
- In terms of revenue, Canada accounted for 4.6% of the global corporate wellness market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. corporate wellness market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,433.8 million by 2030.
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Corporate Wellness Market Scope
Corporate Wellness Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada corporate wellness market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to corporate wellness market will help companies and investors design strategic landscapes.
Health risk assessment was the largest segment with a revenue share of 20.19% in 2023. Horizon Databook has segmented the Canada corporate wellness market based on health risk assessment, fitness, smoking cessation, health screening, nutrition & weight management, stress management covering the revenue growth of each sub-segment from 2018 to 2030.
In a study conducted in Canada, 688 out of the 730 selected members participated in wellness programs out of which, 78% of them completed health screening at baseline. After continuous follow-up, significant improvement in blood pressure was noted. In addition, there was a considerable reduction in insomnia, fatigue, and emotional stress.
The Canadian Centre for Occupational Health and Safety (CCOHS) launched an online course that focuses on the importance of wellness programs for employees. Canadian organizations are planning to implement Workplace Wellness Programs (WWPs) due to rapidly rising healthcare costs.
According to the National Center for Biotechnology Information (NCBI), after the implementation of wellness programs in Canada, there has been a decrease in deaths due to cardiovascular diseases (CVD).
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Target buyers of Canada corporate wellness market databook
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Our clientele includes a mix of corporate wellness market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada corporate wellness market , including forecasts for subscribers. This country databook contains high-level insights into Canada corporate wellness market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada corporate wellness market size, by service, 2018-2030 (US$M)
Canada Corporate Wellness Market Outlook Share, 2023 & 2030 (US$M)
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