Canada Corporate Wellness Market
Report ID: UCMIR35A2518
Canada Corporate Wellness Market Size
SkyQuest Technology's Canada corporate wellness market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Canada Corporate Wellness Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.
Canada Corporate Wellness Market Insights
Market Overview:
The Canada corporate wellness market was valued at USD 2.4 billion in 2022 and is predicted to increase at a CAGR of about 4.42% from 2023 to 2030. Rising awareness of available employee wellness services, as well as the growing onset of chronic diseases, are likely to fuel market expansion. According to a Conference Board of Canada study, workplace wellness programmes can result in a return investment of up to USD 2.62 for every dollar spent. Furthermore, according to a poll conducted by the Commission on Mental Health of Canada, approximately 20% of Canadian employees claim to experience mental health issues at work. This highlights the need of concentrating on mental wellness and helping employees. Chronic diseases such as cancer, diabetes, asthma, and hypertension are also causing an increase in absence and productivity loss.
Canada Corporate Wellness Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Canada Corporate Wellness Market Report Snapshots
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