A fair crack: Greater private health insurance coverage is supporting revenue growth

The Chiropractic and Osteopathic Services industry has grown strongly over the past five years. The efficacy of chiropractic and osteopathy has become more widely accepted. As a result, consumers have become more willing to seek industry services, to the extent they are fast becoming a staple of the wider healthcare system. In addition, an increasing number of private health insurers are paying out benefits for industry treatments, which is enhancing the legitimacy of the industry. These factors, coupled with growth in the number of services provided and higher fees, have driven industry growth over the past five years. Overall industry revenue is expected to increase by an annualised 5.5% over the five years through 2016-17, to reach $1.2 billion...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
5.5%
Forecast Growth 17-22
Profit
Employment
11,586
Businesses
4,710
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Consumers have been more willing to seek industry services, driving up industry revenue
  • Growing private health coverage has allowed more patients to subsidise their treatments
  • A growing number of graduates is forecast to enter the industry, increasing industry employment
  • Industry Report - Industry Investment Chapter

    The industry exhibits a low level of capital intensity. IBISWorld expects that for every dollar spent on wages, $0.07 is invested in capital. The industry is labour-intensive, with low investment in capital assets. Each patient requires individual attention from a chiropractor or osteopath, both of which are skilled professionals that have undertaken tertiary degrees. As a result, chiropractors and osteopaths are remunerated as per their qualifications. Chiropractic or osteopathic practices may also employ administrative assistants, which adds to the labour cost of a practice.The nature of the treatment that chiropractors and osteopaths provide means that operators do not require costly medical equipment, as is the case with other medical treatment industries. Eve...purchase to read more.

    Additional Insights for the Chiropractic and Osteopathic Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Chiropractic and Osteopathic Services Industry 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 18 to 64
  • People aged 65 and over
  • People aged 17 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 (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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
    • Quickly build competitive intelligence
    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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