Industry Analysis & Industry Trends
Sometimes regarded as a fringe or vague science, chiropractic care has recently gained more legitimacy and greater acceptance among medical physicians and insurance providers. Though some doubt remains, demographic trends and the healthcare reform bill will revitalize the industry in the next five years. Additionally, with more baby boomers turning to alternative medicine, demand for chiropractors is set to rise... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Chiropractors industry is in the mature phase of its life cycle with growth slowing in recent years. The value that the industry adds (IVA) to the overall US economy is forecast to increase at an average annual rate of 3.0% during the 10 years to 2018. This is a slightly quicker pace of growth than that of US GDP, which is expected to rise 2.1% per year on average during the same period, based on IBISWorld estimates. However, the industry's IVA growth is largely driven by a recent improvement in the average profit margin and not an exceedingly fast improvement in revenue. During the next five years to 2018, IVA is forecast to rise at an annualized 1.9%, slower than GDP growth of an average 3.3% per year... purchase to read more