by The global chiropractic care market has witnessed significant growth opportunities in recent times owing to the growing acceptance and popularity of alternative treatment methods to manage pain disorders. Chiropractic care involves manual techniques such as adjustments, massage, and exercise to help alleviate pain in the musculoskeletal system without the use of prescription drugs or surgery. Such alternative pain management approaches are becoming increasingly mainstream due to factors such as rising health consciousness, growing preference for natural treatments, and desire to avoid addictive pain medications and costly surgeries when possible.
global chiropractic care market care provides safe and effective relief for pain in the back, neck, shoulders, and other areas caused by muscle strain, posture issues, minor injuries, sports injuries, and more. Global demand for chiropractic services has been rising sharply as more people recognize the benefits of spinal manipulation and allied techniques to treat pain without drugs or invasive means.
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 from 2024 to 2031.
Key Takeaways
Key players: Key players operating in the global chiropractic care market are 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, MaxLiving .
Key opportunities: Rising prevalence of musculoskeletal disorders, growing geriatric population suffering from mobility issues, insurance coverage for chiropractic services, and increasing collaboration of chiropractors with physical therapists and primary care providers are expected to create significant opportunities for players in the Global Chiropractic Care Market Trend .
Technological advancements: Introduction of advanced chiropractic techniques and therapeutic technologies such as decompression therapy, shockwave therapy, and interferential therapy are improving treatment outcomes and raising acceptance of chiropractic modalities.
Market drivers:
Increasing frequency of sports injuries and road accidents leading to skeletal injuries, growing awareness about advantages of drug-free pain management through campaigns, and expanding insurance coverage for chiropractic services are some of the major factors driving the growth of the Global Chiropractic Care Companies.
Current challenges in the Global Chiropractic Care Market:
The global chiropractic care market is facing certain challenges like lack of insurance coverage, misconceptions about chiropractic care being a form of alternative medicine rather than mainstream medicine, and shortage of chiropractors in certain regions. While chiropractic therapy has proven benefits for back pain and musculoskeletal conditions, many insurance plans do not cover chiropractic treatment fully causing patients to bear high out-of-pocket expenses. This pricing pressure acts as a hindrance for wider acceptance and growth of the market. There is also a lack of awareness in some parts of the world about chiropractic being a legitimate primary healthcare option.
SWOT Analysis
Strength: Non-invasive nature of chiropractic adjustments make it a popular first line treatment for back pain and musculoskeletal conditions. Growing evidence on effectiveness of chiropractic care is increasing its acceptance.
Weakness: Lack of universal insurance coverage and pricing pressure due to high costs of chiropractic treatment. Misconceptions about it being alternative rather than conventional medicine in some regions.
Opportunity: Increasing prevalence of back pain and musculoskeletal disorders worldwide creates an opportunity to establish chiropractic care as an integral part of mainstream healthcare systems. Growing geriatric population prone to such conditions boosts the market scope.
Threats: Shortage of chiropractors in certain regions poses a threat to rapid market expansion. Entry of other alternative treatment modalities also increases competition.
The global chiropractic care market in terms of value is currently concentrated highly in North America, especially the United States owing to favorable reimbursement policies and established infrastructure of chiropractic clinics. Europe is another major regional market supported by growing reliance on drug-free therapies. However, the Asia Pacific region excluding Japan holds the fastest growth potential for chiropractic care market due to increasing prevalence of lifestyle diseases, growing medical tourism and rising disposable incomes in developing countries. Countries like China, India and South Korea are emerging as lucrative markets.
*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, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
