U.S. Chiropractic Market Size to Hit US$ 18.40 Billion By 2030, Exhibit a CAGR of 4.48% | Zion Market Research

NEW YORK, United States, May 11, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “U.S. Chiropractic Market By Age Group (Above 64 Years, 45-64 Years, 21-44 Years, And Below 21 Years), By Type (Functional Corrective Care, Pain Management Care, Preventive Care, And Maintenance), And By Region - Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of U.S. Chiropractic Market size & share in terms of revenue was valued at USD 13.13 billion in 2022 and it is expected to surpass around USD 18.40 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.48% during the forecast period 2023 to 2030.”

What is Chiropractic? How big is the Chiropractic Industry?

Report Overview:

Chiropractic is a pseudoscientific form of medicine or healthcare that largely focuses on the diagnosis, treatment, and prevention of nervous system or musculoskeletal disorders and spine-related conditions in particular. The professionals working in the field are known as chiropractors and they use several types of manual techniques to improve the overall function of the musculoskeletal system. For instance, spine manipulation requires the professional to apply controlled force on a particular area of the spine to restore its function. Chiropractic works around the belief that the body has innate abilities to heal itself and only needs certain external assistance to facilitate the process.

The U.S. chiropractic industry deals with the market of chiropractic services in the United States. It includes all of the professionals working in the field and the organization, small-scale or larger entities, that are working toward creating public awareness. It also includes product providers that are responsible for the manufacturing and distribution of devices required to conduct chiropractic sessions.

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U.S. Chiropractic Market: Growth Dynamics

The U.S. chiropractic market is expected to grow in the country mainly due to the rising number of people that suffer from chronic or mild pain induced due to musculoskeletal conditions. For instance, chiropractic is used to treat back pain, neck pain, headaches, and joint pain. With the increasing number of people who have desk jobs leading to sitting or standing in an incorrect posture for long durations, the demand for the services has increased in recent times. In addition to this, a sedentary lifestyle, minimum to no physical exercise, and constant working on laptops or other gadgets are other factors that have led to a rise in the number of people with back, neck, or wrist pain. The regional market may further be pushed due to the growing elderly population that tends to undertake these services more often.

Furthermore, the US is home to a large group of chiropractors that are associated with organizations promoting the acknowledgment of chiropractic as mainstream medicine. This could lead to the industry gaining more attention from the general public thus impacting the market revenue.

One of the key growth restraints that the U.S. chiropractic industry faces is the lack of recognition that traditional forms of medicine seem to enjoy. Many experts argue that the practice is not nearly as effective as more traditional healthcare processes. Furthermore, the application of chiropractic is largely limited to only certain conditions and the patient is more often required to undertake assistance from medical professionals to completely cure the medical concern. Moreover, chiropractors face intense competition from other service providers such as general physicians or orthopedic doctors that have more acceptance and credibility.

The rising integration with mainstream health care could provide growth opportunities while the limited insurance coverage may challenge market growth.

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Report Scope

Chiropractic Market: Segmentation Analysis

The U.S. chiropractic market is segmented based on age group, type, and region.

Based on age group, the regional market segments are above 64 years, 45-64 years, 21-44 years, and below 21 years. In 2022, the industry witnessed the highest growth in the 45-64 years segment due to the high demand for chiropractic care amongst the people with age in this group. A recent study by the National Institutes of Health (NIH) has claimed that nearly 50% or more of the population that undertakes chiropractic therapies is between the ages of 45 and 64. The main reason for higher growth in the segment is due to people in the age group tend to regularly suffer from spine-related concerns due to poor posture, injury, and many other reasons. People above 65 years have to be in good health if they intend to undergo these services but in case they have an underlying condition, the procedure is not recommended.

Based on type, the U.S. chiropractic market is divided into functional corrective care, pain management care, preventive care, and maintenance. The industry registered the highest CAGR in the pain management care segment. A WebMD report suggests that nearly 35% of the patients opting for chiropractic care generally undertake these therapies for alleviating pain in different body parts such as arms, neck, and legs.

The procedure involves the use of drug-free treatments as chiropractors assess and diagnose any musculoskeletal problem that could be causing the pain. They develop personalized treatments for the patient depending on the diagnosis and address the problem from its root. The treatment plan can include soft tissue therapy, spinal adjustments, and therapeutic exercises and it can also reduce inflammation, promote healing, and improve joint mobility.

The U.S. chiropractic market is expected to witness the highest growth in the Midwest area of the US. This region consists of several small regions such as Kansas, Indiana, Minnesota, Michigan, Missouri, Iowa, and other surrounding locations. The presence of a large geriatric population is the main revenue driver. Additionally, chiropractic has been a part of the living culture for a long time in this area.

The U.S. Chiropractic market is segmented as follows:

By Age Group

• Above 64 years
• 45-64 years
• 21-44 years
• Below 21 years

By Type

• Functional Corrective Care
• Pain Management Care
• Preventive Care
• Maintenance

Browse the full “U.S. Chiropractic Market By Age Group (Above 64 years, 45-64 years, 21-44 years, and Below 21 years), By Type (Functional Corrective Care, Pain Management Care, Preventive Care, and Maintenance), and By Region - Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2023 – 2030”-Report at https://www.zionmarketresearch.com/report/chiropractic-market

Competitive Landscape

Some of the main competitors dominating the U.S. Chiropractic market include - 

• Northwestern Health Sciences University
• The Joint Chiropractic
• Parker University
• Life Chiropractic College West
• University of Western States
• Palmer College of Chiropractic
• Canadian Memorial Chiropractic College
• National University of Health Sciences
• Bridgeport University College of Chiropractic
• Logan University
• Texas Chiropractic College
• Sherman College of Chiropractic
• International Chiropractors Association
• Cleveland University-Kansas City
• Davenport University College of Chiropractic
• New York Chiropractic College
• The Joint Commission for Accreditation of Healthcare Organizations
• Southern California University of Health Sciences
• ChiroTouch
• Life University
• The American Chiropractic Association
• Chiropractic Economics magazine
• Foundation for Chiropractic Progress
• ChiroHealthUSA
• ChiroSecure malpractice insurance.

 Key Insights from Primary Research:

• According to the analysis shared by our research analyst, the Chiropractic market is likely to expand at a CAGR of around 4.48% during the forecast period (2023-2030).  
• In terms of revenue, the Chiropractic market size was valued at around US$ 13.13 billion in 2022 and is projected to reach US$ 18.40 billion by 2030.
• The U.S. chiropractic market is projected to grow at a significant rate due to the growing emphasis on non-invasive therapies.
• Based on type segmentation, main management care was predicted to show maximum market share in the year 2022.
• Based on age group segmentation, 45-64 years was the leading group in 2022.
• On the basis of region, Midwest was the leading revenue generator in 2022.

Have Any Query? Ask Our Experts: https://www.zionmarketresearch.com/inquiry/us-chiropractic-market

Key questions answered in this report:

• What is the market size and growth rate forecast for Chiropractic industry?
• What are the main driving factors propelling the Chiropractic Market forward?
• What are the leading companies in the Chiropractic Industry?
• What segments does the Chiropractic Market cover?
• How can I receive a free copy of the Chiropractic Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Age Group, Type, and Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The industry may witness high growth in the Northeast sector of the US as well due to the high incidence of musculoskeletal injuries as the regions in this sector are densely populated. This region is also witnessing a rise in emphasis on integrating chiropractic with mainstream healthcare which could work in the favor of the service providers. The Southern area of the US is diverse and large and since more people are into several forms of outdoor practices they are most prone to undertaking chiropractic services.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In March 2023, The Joint Corp, the largest provider of chiropractic care in the US, entered the Puerto Rican market. This was achieved with the assistance of The Joint Chiropractic® network which signed a first franchise agreement deal with Major Jeanette Comerford and Jason Comerford to open two joints in the US part of Puerto Rico
• In March 2023, the U.S. Senate and the U.S. House of Representatives reintroduced a bill for increasing access to Medicare-covered services that are provided by chiropractors

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/us-chiropractic-market

FREQUENTLY ASKED QUESTIONS:

• What is chiropractic?
• Which key factors will influence U.S. chiropractic market growth over 2023-2030?
• What will be the value of the U.S. chiropractic market during 2023-2030?
• What will be the CAGR value of the U.S. chiropractic market during 2023-2030?
• Which region will contribute notably towards the U.S. chiropractic market value?
• Which are the major players leveraging the U.S. chiropractic market growth?

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