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

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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Limited coverage and sustained public skepticism of chiropractic practices will likely limit revenue growth
  • Chiropractors are receiving less pay for services covered under private insurances and Medicare
  • Chiropractors are expected to enhance their ability to network with healthcare providers
  • Industry Report - Industry Investment Chapter

    The Chiropractors industry in the United States is labor intensive, with each patient requiring individual attention from a chiropractor and sometimes from additional employees. Although most chiropractors own their own practices, they still rely heavily on experienced and trained personnel. In addition, industry operators rely much less on medicinal tools and machines when compared with other treatment industries, limiting the need for equipment. In 2018, it is expected that labor costs will account for 34.7% of revenue, while depreciation will account for just 1.5%. As a result, IBISWorld estimates that industry operators will spend $0.04 on equipment for every $1.00 spent on wages, representing a low level of capital intensity...purchase to read more.

    Additional Insights for the Chiropractors Industry

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

  • Having a good reputation
  • Proximity to key markets
  • Development of a symbiotic relationship with another industry
  • IBISWorld analysts also discuss how external factors such as Number of adults aged 50 and older and Per capita disposable income in the Chiropractors industry impact industry performance..

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    What's in this report

    What is the Chiropractors Industry?

    This industry includes practitioners who have a chiropractic degree. These doctors are primarily independent practitioners who 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.

    Industry Products
  • General chiropractic care
  • Family chiropractic care
  • Sports and rehabilitation chiropractic care
  • Other patient care
  • Retail
  • Diagnostics
  • Industry Activities
  • Diagnose and treat patients
  • Provide natural, drugless, nonsurgical health treatments
  • Refer patients to or consult with other health practitioners
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of adults aged 50 and older
  • Per capita disposable income
  • Healthy eating index
  • Participation in sports

  • Current Performance
  • Demographic trends support growth
  • Consumer lifestyles and chiropractic acceptance
  • Profit growth and fraud
  • Solo versus group practices
  • Chart: Revenue Growth

  • Industry Outlook
  • Realigning perception
  • Reform boosts demand, shrinks profit
  • Geriatric services
  • Table: Chiropractors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chiropractors Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Life Insurance & Annuities
  • Health & Medical Insurance
  • Primary Care Doctors
  • Specialist Doctors

  • Key Selling Industries
  • Diagnostic & Medical Laboratories
  • Glasses & Contact Lens Manufacturing
  • Medical Instrument & Supply Manufacturing

  • Products & Services
  • General chiropractic care
  • Family chiropractic care
  • Sports and rehabilitation chiropractic care
  • Retail
  • Diagnostics
  • Other
  • Other patient care
  • Chart: Chiropractors Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Private health insurance
  • Patients paying out-of-pocket
  • Medicare and Medicaid
  • Auto insurance
  • Workers' comp
  • Other
  • Chart: Major Market Segmentation for the Chiropractors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Chiropractors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chiropractors Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Chiropractors 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 Chiropractors Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Number of adults aged 50 and older (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A technique involving the application of a thrust to specific bones that is meant to help relieve pressure from spinal nerves.
  • Musculoskeletal
  • Structures involving tendons, muscles, ligaments and joints.
  • Spinal Manipulation
  • A forceful, high-velocity thrust that stretches a spinal joint beyond its passive range of movement in order to increase its mobility.
  • Subluxation
  • An incomplete or partial dislocation of a joint or organ.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Chiropractors is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 Chiropractors:
    • 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 Chiropractors 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 Chiropractors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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