This has resulted in healthy growth in the chiropractic practices. Furthermore, it has also exhibited steadily increasing acceptance by doctors, third-party payers, and the federal government apart from patients. These factors are expected to support the market expansion. As per the American Chiropractic Association, it is estimated that by 2020, there would be ~80,000 chiropractors in the country with an addition of over ~2500 new practitioners each year graduating from colleges. Chiropractors treat an approximate 35 million patients each year in the country, which has contributed to making the U.S. chiropractic industry a significant one.
U.S. Chiropractic Market Report Highlights
- The clinic segment accounted for the largest revenue share of around 45% in 2022. In comparison to wellness centers, chiropractic clinics have grown significantly.
- The franchise segment is expected to expand at the fastest CAGR of 28.5% over the forecast period in the U.S. chiropractic market.
- The suburban segment dominated the market and accounted for the largest revenue share of around 62.0% in 2022. Chiropractic care has grown more rapidly in the U.S. suburbs than urban regions.
- The rural segment is expected to advance at the fastest CAGR of 27.2% during the forecast period. The segment is projected to witness a significant increase in healthcare expenditure.
Table of Contents
Companies Mentioned
- Magen David Community Center, Inc.
- The Joint Corp.
- Lbi Starbucks DC 3
- Allied Health of Wisconsin, S.C.
- Sherman College of Chiropractic
- Chiropractic Strategies Group, Inc.
- Chiro One Wellness Centers, LLC
- Landmark Healthcare Services, Inc.
- Parsons Gregory V Advanced Chiropractic Clinic
- Silverman Chiropractic Center, DC PCA
- Emergency Chiropractic
- Multi-Specialty Healthcare Group, LLC
Methodology
LOADING...