Chiropractors in the US - Industry Market Research Report

Chiropractors in the US - Industry Market Research Report

Chiropractors in the US

Once regarded as quackery by the American Medical Association, chiropractic care has transformed into a mainstream medical treatment option. Lacking conclusive medical research, private and public insurers' coverage of care is a tacit acceptance of chiropractic treatments and spurs consumers to consider chiropractors' lower-cost, drug-free alternatives. Considered an essential service and able to benefit from small business assistance, chiropractor revenue bounced back from the COVID-19 (coronavirus) pandemic. Nonetheless, revenue grew slightly at a CAGR of 0.4% to $19.5 billion through 2023. Hefty profit margins at 19.6% matched strong revenue growth of 4.3% in 2023 alone

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."