As per this study the Global Chiropractic Market was valued USD 15.1 BN (by revenue) in 2022 and is anticipated to reach USD 27.38 BN by 2030 with a CAGR of 7.67%.
Chiropractic is a noninvasive therapy, which deals with the diagnosis, treatment, and prevention of mechanical disorders of the musculoskeletal system. It also deals with the effects of musculoskeletal disorders on the nervous system of the patient. It emphasis on the manual treatment by spinal adjustment, correcting alignment problems and supporting the body's natural ability to heal itself without the surgical treatment. The professionals who carried out these practices are called chiropractors.
Market Dynamics
The increasing demand for the non-invasive treatment of chronic pain along with the growing awareness of chiropractic is driving the market growth. Increasing cases of the back, shoulder, foot, neck pain and headaches owing to changing lifestyle are again fuelling the market growth. On the other hand, the need of frequent visit to the doctor's office in chiropractic may hamper market growth. Whereas, efforts to reduce unnecessary procedures and tests within the chiropractic industry and franchising are anticipated to augment demand over the forecast period.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of chiropractic.
Market Segmentation
The broad chiropractic market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for chiropractic in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Chiropractic Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the chiropractic market includes Allied Health of Wisconsin, S.C., P.C., Chiro One Wellness Centers, LLC, Chiropractic Strategies Group, Inc., Emergency Chiropractic PC, Landmark Healthcare Services, Inc., Lbi Starbucks DC 3, Magen David Community Center, Inc., Multi-Specialty Healthcare Group, LLC, Parsons Gregory V Advanced Chiropractic Clinic, Sherman College of Straight Chiropractic, Inc., Silverman Chiropractic Center, DC PCA and The Joint Corp. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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