Chiropractors in the US - Industry Market Research Report

Chiropractors in the US - Industry Market Research Report

  • February 2019 •
  • 37 pages •
  • Report ID: 198586 •
  • Format: PDF

Strong backbone: Aging baby boomers and healthcare reform will support modest growth

Abstract

Chiropractors in the US
Chiropractic care is the largest complementary alternative medicine in the United States. Despite revenue growth, the industry has consolidated over the past five years, as chiropractors have attempted to gain legitimacy and reduce costs by partnering with other healthcare professionals to establish multidisciplinary companies. This trend has limited growth in the total number of industry operators. Demographic trends have had an effect on industry profitability. The number of people in the United States over the age of 50 has increased over the past five years. Seniors are likely to accept chiropractic care, as its practices are particularly well-suited to the problems that arise from aging, such as arthritis and spinal stenosis. Limited Medicare and Medicaid coverage of industry services, coupled with sustained public skepticism of chiropractic practices, will likely limit industry revenue growth over the next five years.

This industry includes practitioners that have a chiropractic degree. These doctors are primarily independent practitioners that diagnose and treat patients based on the concept that the nervous system coordinates all of the body’s functions. Chiropractors manipulate the spine with their hands to realign the vertebrae and relieve pressure on the nerves.

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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