Joint ventures: Increased consumer acceptance of industry services is backing up revenue growth

The Chiropractic and Osteopathic Services industry has grown modestly over the past five years as the efficacy of chiropractic and osteopathy has become more widely accepted. Consumers have become more willing to seek industry services, and they are fast becoming a staple of the wider healthcare system. Additionally, an increasing number of private health insurers are paying out benefits for industry treatments, boosting the industry's legitimacy. These factors, coupled with higher fees, have driven industry growth over the period. Industry revenue is expected to increase at an annualised 2.5% over the five years through 2018-19, to total $821.5 million. This trend includes an expected 1.9% rise in the current year, driven by ongoing fee increases...read more.

Industry Statistics & Market Size
Revenue
$822m
Annual Growth 14-19
2.5%
Forecast Growth 19-24
Profit
Employment
13,661
Businesses
5,553
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Greater consumer acceptance of industry services has helped boost revenue growth
  • Growing private health coverage has allowed more patients to subsidise their treatments
  • Growing numbers of graduates are forecast to enter the industry, increasing industry employment
  • Industry Report - Industry Products Chapter

    Chiropractors and osteopaths offer different services. Osteopaths tend to concentrate more on massage, whereas chiropractors focus on diagnostic imaging and physical manipulation, particularly of the spine. Chiropractic services can be further broken down into general and specialist services.General chiropractic servicesGeneral chiropractic care is the largest service segment in the industry. Services provided can include treatments for back pain, headaches, neck pain, nerve pain and balance problems. The treatments used to remedy these problems include spinal manipulation, extremity adjusting and trigger-point therapy. This segment has declined as a share of revenue over the past five years as more practices have focused on providing specialist services...purchase to read more.

    Additional Insights for the Chiropractic and Osteopathic Services Industry

    IBISWorld has determined the most important Key Success Factors for the Chiropractic and Osteopathic Services are:

  • Having a good reputation
  • Having a loyal customer base
  • Ability to educate the wider community
  • IBISWorld analysts also discuss how external factors such as Demand from health insurance and Real household disposable income in the Chiropractic and Osteopathic Services industry impact industry performance..

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    What's in this report

    What is the Chiropractic and Osteopathic Services Industry?

    Industry operators primarily provide chiropractic or osteopathic services.

    Industry Products
  • General chiropractic services
  • Osteopathic services
  • Specialist chiropractic services
  • Industry Activities
  • Chiropractic services
  • Osteopathic services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from health insurance
  • Real household disposable income
  • Median age of the population
  • Work accident rate per 1,000 employees
  • Sport participation

  • Current Performance
  • Participation and profit
  • Ageing population
  • Private health insurance
  • Demand trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Participation and profit
  • Private health insurance
  • Ageing population
  • Competition and efficacy
  • Table: Chiropractic and Osteopathic Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Chiropractic and Osteopathic Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Health Insurance
  • Consumers

  • Key Selling Industries
  • Medical and Scientific Equipment Wholesaling
  • Medical and Surgical Equipment Manufacturing
  • Other Health Services

  • Products & Services
  • General chiropractic services
  • Osteopathic services
  • Specialist chiropractic services
  • Chart: Chiropractic and Osteopathic Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 20 to 64
  • People aged 65 and over
  • People aged 19 and under
  • Chart: Major Market Segmentation for the Chiropractic and Osteopathic Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Chiropractic and Osteopathic Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Chiropractic and Osteopathic Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Chiropractic and Osteopathic Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Chiropractic and Osteopathic Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Chiropractic
  • A therapeutic system involving manipulative treatment of misaligned joints, particularly in the spinal cord.
  • Chronic Disease Management
  • Items on the Medicare Benefit Schedule that allow GPs to plan the care of patients with chronic conditions.
  • Osteopathy
  • The manipulation and massage of bones and muscles to treat medical disorders.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Chiropractic and Osteopathic Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Chiropractic and Osteopathic Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Chiropractic and Osteopathic Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Chiropractic and Osteopathic Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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