Work-life balance: Growth in corporate profit will provide the industry with stability

Companies 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 experienced growth over the five years to 2018 as more businesses increasingly purchased wellness programs in an effort to contain rising healthcare costs. However, 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. Over the five years to 2023, industry revenue is forecast to more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Despite increasing demand, industry companies have faced pressure from external competition
  • Businesses cut back on nonessential purchases when profit margins are declining
  • Strong external competition is projected to weigh on industry growth
  • Industry Report - Industry Locations Chapter

    AtlanticAccording to the Sun Life-Buffett National Wellness Survey, 74.0% of organizations in the Atlantic region offered wellness programs in 2011. Furthermore, in the Atlantic region, an estimated 30.0% of companies have measured the health of their full-time employees, which is higher than the national average. In particular, companies in this region were likely to report high cholesterol and high blood pressure as their top concerns regarding employee health. As a result, corporate wellness companies have increasingly included cholesterol and blood pressure screenings in their product portfolios to bolster demand from Atlantic-based companies. Add...purchase to read more.

    Additional Insights for the Corporate Wellness Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Corporate Wellness Services Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Provision of superior after sales service
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Corporate profit and Total health expenditure in the Corporate Wellness Services industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    What is the Corporate Wellness Services Industry?

    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.

    Industry Products
  • Wellness needs assessments
  • Blood pressure screenings and flu shots
  • Fitness and health programs
  • Smoking cessation
  • Diabetes screenings
  • Industry Activities
  • Providing health assessments and screenings
  • Providing education on nutrition and other health related topics
  • Providing fitness classes and services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Corporate profit
  • Total health expenditure
  • National unemployment rate
  • Adult obesity rate

  • Current Performance
  • Following the economy
  • Fierce competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Amplified demand
  • Competition persists
  • Table: Corporate Wellness Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Corporate Wellness Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services In Canada
  • Human Resources & Benefits Administration in Canada
  • Public Administration in Canada

  • Key Selling Industries
  • Accounting Services in Canada
  • Medical Device Manufacturing in Canada
  • Printing in Canada
  • Software Publishing in Canada
  • Weight Loss Services in Canada

  • Products & Services
  • Wellness needs assessments
  • Fitness and health programs
  • Blood pressure screenings and flu shots
  • Smoking cessation
  • Diabetes screenings
  • Other
  • Chart: Corporate Wellness Services Industry Products and Services Segmentation

  • Demand Determinants

  • Major Markets
  • Private sector businesses
  • Public sector businesses
  • Nonprofit businesses
  • Chart: Major Market Segmentation for the Corporate Wellness Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent, utilities and marketing
  • Depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Corporate Wellness Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Corporate Wellness Services Industry

  • Industry Globalization
    Morneau Shepell Inc.,
  • Table: Morneau Shepell Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Corporate Wellness Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Corporate Wellness Services Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Corporate profit (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • When a diabetic individual receives dialysis treatments, which purifies the blood by dialysis, a substitute for the normal function of the patient's kidney.
  • Health Risk Assessment
  • Health risk assessments provide a snapshot of employees' health within an organization. The assessment typically involves a questionnaire, risk score and feedback.
  • Hypertension
  • When individuals have abnormally high blood pressure, which can be stress induced.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Corporate Wellness Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Corporate Wellness Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Corporate Wellness Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Corporate Wellness Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.