PUBLISHER: Grand View Research | PRODUCT CODE: 1405794
PUBLISHER: Grand View Research | PRODUCT CODE: 1405794
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.