Industry Analysis & Industry Trends
The efficacy of chiropractic treatments is regularly challenged and this represents a risk to the industry. However, the industry's services are gaining more acceptance due to increased research into the cost effectiveness and the scientific viability of chiropractics, and greater community awareness of health issues. Australia's population is ageing and this, along with an increase in the incidence of chronic diseases, is benefitting demand for the industry's services.
The Chiropractic and Osteopathic Services industry is expected to generate revenue of approximately $959.1 million in 2012-13, accounting for about 0.6% of health expenditure in Australia. The typical operator in the industry is small, with average revenue per firm estimated at just $270,000... purchase to read more
Industry Report - Industry Products Chapter
The distinction between osteopaths and chiropractors is primarily one of philosophy of practice. Osteopaths tend to concentrate more on massage, whereas chiropractors use diagnostic imaging and physical manipulation. Osteopaths have separate registration and training from chiropractors, however some practitioners train and register in both categories.
While the number of practising osteopaths (about 800) is small relative to the number of practising chiropractors (about 2,500), it is apparent that the number of practising osteopaths is growing faster compared with the number of practising chiropractors. Chiropractors treat about 300,000 people each week (IBISWorld estimate), while Osteopaths treat over 50,000 people per week (Australian Osteopathic Association, July 2012)... purchase to read more