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Canada Corporate Wellness Market to Witness Huge Growth by 2028

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Steve Johnson
Canada Corporate Wellness Market to Witness Huge Growth by 2028

DEC 22 2020: The Canada corporate wellness market size is expected to reach USD 4.7 billion in 2027, according to a new report by Radiant Insights, Inc. It is anticipated to expand at a CAGR of 6.8% during the forecast period. An increase in awareness regarding available employee wellness services and the increasing onset of chronic diseases are some of the factors driving the market growth.

The increasing awareness regarding the benefits of wellness services in reducing the cost of absenteeism due to loss of productivity is encouraging employers to adopt corporate wellness services. According to the Conference Board of Canada stated that mental health conditions in working Canadians cost around USD 15.5 billion annually to employers from lost productivity, absenteeism, and medical claims.

To Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/canada-corporate-wellness-market/request-sample

The wellness service providers are engaging in partnerships and mergers and acquisitions to strengthen their market presence. For instance, in June 2020, Bridges Health partnered with the Saskatchewan Chamber of Commerce to conduct a webinar series focusing on maintaining mental health during the time of the pandemic.

As the economy is hit by the COVID-19 pandemic, many employees are facing financial uncertainty affecting their mental health. Moreover, the work from home is also developing a sense of isolation in the employees. The pandemic has seen an overall increase in the telehealth services by wellness service providers

Canada Corporate Wellness Market Report Highlights

  • The health risk assessment segment (HRA) dominated the market in terms of revenue share in 2019. The HRA is a widely adopted service as it conducts overall health analysis of the employee assisting in determining the further line of treatment required
  • The medium-scale organizations are adopting the corporate wellness services at an optimum pace which is expected to contribute to the fastest growth of the medium-scale organizations segment over the forecast period 2020 to 2027
  • In the category segment, fitness and nutrition consultants are expected to register the fastest growth over the forecast period. It includes services such as lunch ‘n learns and workshops and group exercise classes to promote the habit of fitness and having a nutritious diet
  • Onsite corporate wellness dominated the delivery model segment in 2019. Onsite services have a high adoption rate since it saves employees time for availing of the service as compared to offsite services"

To Browse Full Research Report @:
https://www.radiantinsights.com/research/canada-corporate-wellness-market

"Table of Contents

Chapter 1 Methodology and Scope

1.1 Market Segmentation & Scope

1.1.1 Service

1.1.2 End Use

1.1.3 Category

1.1.4 Delivery Model

1.1.5 Estimates and Forecast Timeline

1.2 Research Methodology

1.3 Information Procurement

1.3.1 Purchased Database

1.3.2 GVR’s Internal Database

1.3.3 Secondary Sources

1.3.4 Primary research

1.4 Information or Data Analysis

1.4.1 Data Analysis Models

1.5 Market Formulation & Validation

1.6 Model Details

1.7 List of Secondary Sources

1.8 Objectives

Continued………….


To See More Reports of This Category by Radiant Insights:
https://latestmarkettrends.news.blog/


About Radiant Insights:
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Email: [email protected]
Phone: (415) 349-0054
Address: 201 Spear St #1100, Suite #3036
City: San Francisco
State: California
Country: United States
https://marketsandtrendsreport.blogspot.com/

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