by Market Overview:
The global chiropractic care market involves physical therapy practices such as chiropractic adjustments, massage therapy, acupuncture, and other alternative treatments to help relieve pain in the joints, muscles, bones and nervous system resulting from injuries, repetitive activities, or other causes. Chiropractic care is widely used by athletes to treat sports injuries and prevent recurrence, as well as by those suffering from back pain, neck pain, headaches, sciatica and other neuro-musculoskeletal disorders. It aims to improve mobility, alleviate discomfort and help the body heal itself without medications or surgeries. The growing prevalence of sedentary jobs and obesity has contributed to a rise in musculoskeletal disorders. With its natural, drug-free approach, chiropractic care has emerged as a popular treatment option.
The Global Chiropractic Care Market is estimated to be valued at US$ 1.38 Bn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2024 To 2031.
Key Takeaways:
Key players operating in the Global Chiropractic Care market include Chiro One Wellness Center, Chiropractic Strategies Group, Inc., ProHealth Chiropractic Wellness Center, The Joint Corp., Landmark Healthcare Services, Inc., American Chiropractic Clinics, OPTIMAL HEALTH CHIROPRACTOR LIMITED, HealthQuest Chiropractic Physical Therapy, ATLAS CHIROPRACTIC WELLNESS, NJSSW, Pure Wellness, Align Chiropractic, City Chiropractic, Aarhus Chiropractic, and MaxLiving.
Growing health awareness and willingness to pay for pain relief services has resulted in high demand for chiropractic care globally. The market opportunity is expanding with increasing demand for non-invasive options to treat MSK disorders.
Major players are investing in global expansion by opening new clinics franchises to leverage opportunities in emerging markets like Asia Pacific and Latin America. This expansion is helping improve access and drive further Global Chiropractic Care Market growth.
Market Key Trends:
The Global Chiropractic Care Market Size And Trends is trending with increased demand for neuro-musculoskeletal relief. Rising prevalence of back pain, neck pain and other disorders due to sedentary lifestyle and obesity has driven growth of 7.2% annually. Major players are enhancing customer experience with new technologies like AI, VR and mobilapps for pain assessment and treatment. They are collaborating with athletes and sports bodies for sponsorship and outreach to tap niche segment opportunities.
Porter’s Analysis
Threat of new entrants: Low startup costs allow new competitors to enter the market easily.
Bargaining power of buyers: Individual consumers have low bargaining power but insurance companies can negotiate prices.
Bargaining power of suppliers: Chiropractors rely on a small number of equipment and supplement suppliers giving them some bargaining power.
Threat of new substitutes: Physiotherapy, acupuncture, massage therapy can substitute chiropractic services.
Competitive rivalry: Competition is intense as chiropractors compete for customers locally
Geographical Regions
North America currently holds the largest share of the global chiropractic care market in terms of value due to increasing demand for non-medical pain management.
The Asia Pacific region is expected to be the fastest growing market during the forecast period owing to rising awareness, healthcare expenditure and growth of the middle-class population in countries like China and India.
*Note:
1. Source: Coherent Market Insights, Public Source, Desk Research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
