Chiropractic Care Market Forecast (2022-2027)

The Chiropractic Care Market size is forecast to reach $16.9 billion by 2027 and is expected to grow at a CAGR of 3.1% during the forecast period 2022-2027. Chiropractic Care involves the treatment and manipulation of the body joints in order to treat disorders of the musculoskeletal system and alleviate pain in several parts of the body, by using techniques such as Auriculotherapy and Spinal adjustments. Chiropractic care also involves the treatment of conditions affecting the nervous system, through vertebral subluxation, which helps ease pain in the Lower Back, Neck, as well as Muscles. Chiropractor care involves different types of treatment which include Adjustments, Soft Tissue Therapy, Guided Exercise, and Stretches as well as a combination treatment with integrative medicine such as Osteopathic Medicine.

Chiropractic care has garnered significant demand as an alternative treatment to option to prescription medicines. Back pain, Neck pain, Joint Pain, and Chronic pain have taken off in recent times due to Lifestyle changes, which have pushed the Chiropractic Care Market. Moreover, the comparative affordability of Chiropractic treatment for back pain, over conventional treatment methods has further driven the market.

Report Coverage

The report: “Chiropractic Care Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Chiropractic Care Market.

By Type: Pain Management Care, Functional Corrective Care, Maintenance and Preventative Care
By Treatment Method: Chiropractic Adjustments, Soft-Tissue Therapy, Chiropractic Exercises and Stretches, Kinesio Taping, Others
By Age Group: Below 21 years, 21-44 years, 45-64 years, Above 64
By End User: Hospitals, Rehabilitation Centers, Homecare Settings, Others
By Geography: North America (U.S, Canada, Mexico, Rest of North America), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), Europe (U.K, Germany, Italy France, Spain, Netherlands, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia & New Zealand, South Korea, Rest of Asia Pacific), Rest of the World (Middle East and Africa)

Inquiry Before Buying : https://www.industryarc.com/reports/request-quote?id=15783

Key Takeaways

  • Geographically, The North American Chiropractic Care Market accounted for the highest revenue share in 2021. This is owing to the presence of several key players in the regions who provide a wide range of Chiropractic Care services.
  • Several significant players, such as Chiro One Wellness Center and Courtyard Clinic, are increasingly focusing on extending their service capabilities through Mergers and Acquisitions to meet the rising demand for Chiropractic Care.
  • Chiropractic Care Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Chiropractic Care Market report.

Chiropractic Care Market Share, By Region (%) in 2021

Chiropractic Care Market Share

Request For Sample : https://www.industryarc.com/pdfdownload.php?id=15783

Chiropractic Care Market Segment Analysis – By Type

The Chiropractic Care Market based on type can be segmented into Pain Management Care, Functional Corrective Care, Maintenance, and Preventative Care. The Pain Management Care segment has the largest share in the Chiropractic Care Market in 2021. This is owing to Lifestyle changes that have led to rising instances of Chronic Neck and back pain across the globe. In fact, a study by WebMD shows that over 35% of patients opt for Chiropractic care in order to alleviate pain in the neck, arms as well as legs.

However, Maintenance and Preventative Care is estimated to be the fastest-growing segment with a CAGR of 4.8% during the forecast period 2022-2027. Maintenance and Preventative Care is a proven approach whereby patients continue treatment even after pain relief. A study by BioMed Central reveals that more Chiropractic patients are opting in for maintenance care, as it significantly reduces the instances of lower back pain, thereby allowing patients to evade high traditional treatment costs.

Chiropractic Care Market Segment Analysis – By Age Group

The Chiropractic Care Market based on Application can be segmented into Below 21 years, 21-44 years, 45-64 years, and Above 64. 45-64 years had the largest share in the Chiropractic Care Market in 2021. This is owing to the high demand for Chiropractic care amongst patients aged 45 to 64. A study by the National Institutes of Health (NIH), shows that almost 50% of the patients opting for Chiropractic Care are aged between 45-64. This is mainly due to the high prevalence of Neck Pain and Co-Morbid headaches in the age group.

However, 64 and above Age group is estimated to be the fastest-growing segment with a CAGR of 4.7% during the forecast period of 2022-2027. Chiropractic therapy has been found in studies to provide long-term pain alleviation, improved sleep, and increased energy levels for older patients by relieving tension. Furthermore, older adults are increasingly seeking Chiropractic treatment to help with balance and alignment difficulties. The segment is being driven even more by the world's continually rising geriatric population.

Chiropractic Care Market Segment Analysis – By Geography

The Global Demand for Chiropractic Care Market based on Geography can be segmented into North America, South America, Europe, Asia-Pacific, and the Rest of the World. The North American region dominated the Chiropractic Care market in 2021 with a market share of 38%. This is owing to the high standard of living as well as awareness in the region combined with a well-developed healthcare environment. Moreover, the region boasts of several key players who are further expanding their reach due to the growing demand for Chiropractic Care. Additionally,

However, Asia-Pacific is estimated to be the fastest-growing segment during the forecast period of 2022-2027 owing to the high economic growth which has led to an improved Standard of Living in the region. Patients are spending more on health and wellness due to the rise in income levels. Moreover, the growing penetration of Digital Health Access has had a significant impact on the awareness amongst the masses, as Chiropractic referrals have skyrocketed in recent times across the region, as per the Journal of Contemporary Chiropractic (JCC).

Chiropractic Care Market Drivers

Increased instances of back pain due to an Unhealthy Lifestyle, may drive the Chiropractic Care Market

Back pain has grown very common in recent years as a result of lifestyle changes. According to a WebMD survey, about 80% of the population will have serious back pain at some point in their lives. Back pain is the greatest cause of disability in the world, and it's also an expensive ordeal, with total global expenditures exceeding $400 billion in 2021. In recent years, a growing number of people have begun to seek chiropractic treatment because it reduces pain and improves function. According to Harvard University surveys, chiropractic care resulted in less painkiller use and a considerable reduction in lower back pain. As a result, the market is growing due to the effectiveness of chiropractic care in alleviating back pain.

Relatively Lower costs of Chiropractic care over Traditional treatment methods are driving the market

As per the World Health Organization (WHO), Healthcare is becoming more expensive all around the globe with Global spending accounting for up to 10% of a nation's GDP in some instances. Traditional Medication costs remain low in the short run but get expensive soon, as they are not long-lasting solutions. On the other hand, Initial Chiropractic Care Expenses may seem overwhelming but are significantly less in the long run as compared to traditional medical expenses. For instance, according to a survey undertaken by the International Chiropractors Association (ICA) on over 40,000 patients, the average cost of standard treatment was over $20,000, whereas chiropractic care expenses were just over $660, a difference of over 80%. The Significantly Lower costs have been instrumental in the Chiropractic Care Market’s growth.

Chiropractic Care Market Challenges

Potential complications and side effects arising from Chiropractic Care may hamper the Chiropractic Care Market’s growth

Although Chiropractic care in most cases is a safe bet and has also become increasingly popular, still the share of potential risks remains at large ranging from bone damage to a fatal stroke. Further, according to research published by the American Heart Association, chiropractic neck adjustments may be associated with an increased risk of stroke. Several cases of deaths caused by chiropractic neck adjustments have lately surfaced. Furthermore, chiropractic treatment is incompatible with a variety of patient types. Patients with osteoporosis or nerve damage, for example, may find that chiropractic treatment exacerbates their symptoms. According to recent statistics from the International Osteoporosis Foundation, worldwide, 1 in 3 women over the age of 50 years and 1 in 5 men will experience osteoporotic fractures in their lifetime. These potential risk factors may hamper the Market’s growth.

Buy Now : https://www.industryarc.com/purchasereport.php?id=15783

Chiropractic Care Industry Outlook

Product Launch and Acquisitions were the key strategies adopted by players in the Chiropractic Care Market. In 2022, the Chiropractic Care Market share is consolidated by the top ten players present in the market. Chiropractic Care top 10 companies include: -

  1. Aarhus Chiropractic
  2. Atlanta Chiropractic & Wellness
  3. Cornerstone Chiropractic
  4. Deloe Chiropractic Care
  5. Chiro One Wellness Center
  6. Rivera Chiropractic Center LLC
  7. RiverTowne Family Chiropractic LLC
  8. Rohlfs Chiropractic Care
  9. PROSPINE Health and Injury Center
  10. Chiropractic Company 

Recent Developments

  • On April 6, 2022, FV Hospital announced the acquisition of The American Chiropractic Clinic (ACC). FV Hospital plants to improve their medical examination and treatment services through this acquisition.
  • In June 2021, Courtyard Clinic announced the acquisition of the Malmesbury Chiropractic Clinic (MCC). Through this acquisition, Courtyard Clinic will expand its Chiropractic care services in Malmesbury and surrounding areas.
  • In September 2019, Chiro One Wellness Center announced the acquisition of Schultz Chiropractic, also known as My Life Health Center, in order to expand its service capability in the State of Wisconsin, US. 

Relevant Titles:

Chiropractic Software Market – Forecast (2022 - 2027)

Report Code: ITR 0297

U.S. Chiropractic Market – Forecast (2022-2027)

Report Code: HCR 26910

 Spine Biologics Market – Forecast (2022 - 2027)

Report Code: HCR 0568

For more Lifesciences and Healthcare Market reports, please click here

Location: United States

Comments

Post a Comment

Popular posts from this blog

Global Fish Oil Market - Forecast (2022 - 2027)

Image
Fish Oil Market size is estimated to   reach $3.2 billion by 2026, growing at a CAGR of 6.4% during the forecast period 2021-2026 . Fish oil is derived from the fish tissues that contain omega 3 fatty acids, such as docosahexaenoic acids (DHA) and eicosapentaenoic acids (EPA). Fish oil provides various health benefits, such as improving the cardiovascular system and enhancing the functioning of the nervous system. Fish oil is increasingly being adopted across the world owing to the growing awareness about the benefits of fish oil and the increase in the demand for omega 3 fatty acids. The rise in the adoption of anchovy-based fish oil in developed nations, increase in the demand for menhaden-based fish oils in animal nutrition, rise in awareness about the health benefits of docosahexaenoic acids (DHA), and the growing investment by the key players to develop high-quality fish oil are the factors that are set to drive the growth of the Fish Oil Market for the period 2021-2026. Inqu...
Read more

Vein Finders Market Forecast (2022-2027)

Image
The Vein Finders Market size is forecast  to reach $642.7 million  by 2027 and is expected  to grow at a  CAGR of 12.4%  during the forecast period 2022-2027.  Vein finders are an essential device for healthcare professionals to use during venipuncture operations as they allow for the finding of unseen veins without causing pain to the patient. These are sophisticated devices that locate veins beneath the skin in order to collect blood and provide IV access in a variety of patient groups, including the elderly, obese, and persons of colour who have difficulty finding veins. Most of the devices work by using vein visualization technology which uses infrared light on the patients. The hemoglobin, which is the oxygen carrying protein inside the patient, absorbs the light and creates a pattern that reveals the blood vessels. This helps professionals understand the vein mapping of a patient and enables the discovery of veins that are difficult to identify....
Read more

Business Analytics Platform Market - Forecast (2022 - 2027)

Image
The global Business Analytics Platform  Market size  is forecast to reach $114.2 billion by 2027, growing at a CAGR of 11.6% from 2022 to 2027 .  Growing  demand for business analytics in various industries such as Healthcare, BFSI and Retail & E-commerce in order to mitigate  frauds or criminal activities, rising migration towards cloud based data management and others have been attributed to the market growth.  Moreover, organizations must be equipped with business intelligence, data warehousing and  Enterprise Performance Management solutions  to better assess, store and act clearly on huge volumes of data both generated from within and outside their businesses. Furthermore , the  rising shift towards social media analytics for improving business operations along with technological advancement towards artificial intelligence to improve  business analytics, which can be used for content analysis, marketing analysis or weather fore...
Read more