Home

Thursday, 11 April 2024

U.S. Chiropractic Market Size To Reach $28.71 Billion By 2030

 

U.S. Chiropractic Market Growth & Trends

The U.S. chiropractic market size is expected to reach USD 28.71 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 26.3% from 2023 to 2030. Rising cases of back, shoulder, foot, neck pain, and headaches are driving the chiropractic market in the country. This is expected to help in revenue generation. Other factors such as increasing number of chiropractors in the country would help in the market growth. The majority of people suffering from lower back pain and other such issues initially seek help from a chiropractor.

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.

Request a free sample copy or view report summary:
 U.S. Chiropractic Market Report

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.