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Chiropractors in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Chiropractors Market Research Report | NAICS 62131 | Jan 2017

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

IBISWorld’s Chiropractors 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.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 12-17
1.2%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
168,524
Businesses
67,875
Industry Threats & Opportunities
  • Limited coverage and sustained public skepticism of chiropractic practices will likely limit growth
  • Chiropractors are receiving less pay for services covered under private insurance and Medicare
  • The chiropractic community will focus on demonstrating tangible results of their services
  • ... purchase to read more

Industry Analysis & Industry Trends

The Chiropractors industry is expected to grow slowly due to doubt about the field's legitimacy. However, the number of people over the age of 50 is rising, supporting industry demand; additionally, healthcare reform is expanding the number of individuals with health insurance, bolstering revenue growth. In the next five years, sustained public skepticism of the industry will likely continue to limit industry growth, but chiropractors are positioned to take advantage of newfound consumer interest in complementary and alternative care. Additonally, healthcare reform will also continue to positively impact the industry, although it will drag down profit margins... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

Independent practices dominate the Chiropractors industry, with a small percentage of operators having more than one location. Based on data from the US Census Bureau, less than 0.1% of all industry companies will have 100 employees or more in 2017. Furthermore, a significant percentage of industry companies are nonemployers, or businesses that are made up of just the chiropractor, with no additional employees; sole proprietors are estimated to account for about 50.0% of all industry enterprises, although they only generate about 12.0% of industry revenue.

Although some of the larger practices in this industry have grown during the five years to 2017, the industry remains very fragmented. The four largest industry companies are expected to generate less than 1.0% o.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 careFamily chiropractic careSports and rehabilitation chiropractic careOther patient careRetailDiagnostics
     
    Industry Activities
    Diagnose and treat patientsProvide natural, drugless, nonsurgical health treatmentsRefer patients to or consult with other health practitioners


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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
  • Products & Markets
    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
  • Diagnostics
  • Retail
  • 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
  • Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Chiropractors Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of adults aged 50 and older (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Adjustments
  • 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.

  • Why Buy this Report?
    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 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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