Corporate Wellness Services in Canada
Companies that operate in the Corporate Wellness Services industry in Canada create and implement workplace programs that offer educational, organizational and environmental activities designed to support the health of employees and their families. The industry has experienced growth over the five years to 2019 as more businesses have increasingly purchased wellness programs in an effort to contain rising healthcare costs. Despite increasing demand, industry operators have endured pressure from external competition. Industry operators contend with competition from in-house wellness programs, health and wellness industries and large insurance companies with wellness program services. Furthermore, when Canada entered a recession in 2015, corporate profit levels declined tremendously. Efforts to control climbing healthcare costs with an increased emphasis on employee satisfaction and productivity will drive demand for industry services. In particular, more programs will likely focus on preventive care and mental health, as these factors are increasingly linked to improvements in employee well-being, lower costs and higher productivity.
This industry provides workplace programs that offer educational, organizational and environmental activities designed to support the health of employees and their families. Programs designed by internal human resources personnel are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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