The $15 Billion United States Chiropractic Market: Industry Analysis 2021 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "U.S. Chiropractors: An Industry Analysis" report from Marketdata LLC has been added to ResearchAndMarkets.com's offering.

The competitive $15 billion U.S. chiropractic services industry, populated by nearly 40,000 offices, held up well during the Covid-19 pandemic, being an essential service.

Chiropractic is now a mainstream healthcare service that provides an alternative to drugs for the treatment of pain. The field has gained legitimacy since the 1990s and future demand looks good.

This report is a comprehensive business and operating analysis covering the nature and operations of chiropractors, industry evolution, services provided, treatment methods, key operating ratios/metrics, dollar size and growth of the industry from 2007 to 2025 Forecast, the economic structure of the business (ratios: national, by state, by major city) and more.

The effects of the pandemic are discussed, as well as the outlook for recovery in 2021, and a long-term forecast to 2025.

The report also analyses the average yearly revenues per chiropractor office, industry profitability, source of revenues by type insurance/payment, market share, offices by revenue size, and patient demographics, including those suffering from chronic pain, chiropractor employment and wages, dollar market potentials/revenues for 50 states and 75 major cities.

The report includes a directory of industry reports, trade associations and magazines.

According to Marketdata's Research Director, John LaRosa: “As the most established form of alternative medicine in the United States, the chiropractic industry has been positively influenced by favorable demographic trends, healthcare reform, and a growing acceptance of alternatives to traditional medicine.”

Key Topics Covered:

Nature of the Industry

• Definition and number of chiropractors, what they do, training/degrees
• Chiropractic's position vis a vis traditional medicine, fight with MDs for legitimacy
• Evolution of the profession, key turning points, 1990 Supreme Court decision.
• Patients - who do chiropractors serve, typical patient profile, alternative medicine interventions.
• Industry structure: solo clinics, group practice, worksite health centers, hospital-based care - discussion of each
• Key Industry Statistics: number of existing and new chiropractors, education, no. of Americans treated by DCs, etc.
• Industry Status Report - Effects of the Pandemic
• Major trends: Opioid crisis drive demand, DCs serve an aging population, efforts To reduce unnecessary healthcare services, franchising, poor reimbursement - discussion

Market Size, Growth, Forecasts

• Estimates of industry size/no. of chiropractor office by U.S. Census, NAICS code for the industry
• Discussion & analysis of historical growth trends, during last recession, recovery since then, current situation, rationale
• Historical market growth since 1980s, 2002-2008, 2010-2015, 2015-2020, Analysis & discussion
• 2020 Performance: Effects of The Pandemic: Analysis & discussion, BLS payroll data, publisher estimate of industry receipts
• 2021 Industry Outlook: Prospects for a recovery: Analysis & discussion, recent BLS payroll data, publisher estimate of industry receipts, Industry employment in 2020 and 1st qtr. Of 2021 (BLS).
• 2025 Industry Forecast: Long-term outlook: Analysis & discussion, demand factors, publisher estimate of industry receipts.
• Discussion of major factors affecting industry growth.

Operations of Chiropractors

• Discussion of Survey findings - Practice Analysis of Chiropractic 2020, by Natl. Board of Chiropractic Examiners: no. of chiropractors, gender, education, weekly working hours, employment by type facility, office settings, practice focus, sources of revenue, patient demographics.

Patient Demographics

Industry Economic Structure & Operating Metrics

• Discussion & Analyses
• Summary of key industry metrics, NAICS code for the industry
• Number of chiropractor offices in 2019
• Industry snapshot: 2007, 2012, 2017: no. of estabs, receipts, employees
• Labor costs & productivity, sales/payroll ratios: 2007, 2012, 2017
• Avg. receipts per chiropractor office: 2007, 2012, 2017
• Avg. receipts, avg. payroll, avg. no employees: 2007, 2012, 2017
• Legal structure: share of receipts by corporations, partnerships, sold proprietors
• Share of receipts by revenue size of chiropractor office: 2017, 2012
• Demand for Chiropractors To Increase - Labor Department projections.

Reference Directory

• List of chiropractic and pain trade associations, journals, special industry reports, articles, other key contacts - address & phones

For more information about this report visit https://www.researchandmarkets.com/r/o157gz

Source: Marketdata LLC