Overview

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

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.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2012 - 2017
5.5%
Annual Growth
2017 - 2022
Profit
Employment
11,586
Business
4,710

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Key Buyers Chapter

    The Chiropractic and Osteopathic Services industry exhibits a low level of market share concentration, with no operator accounting for over 5% of industry revenue. Most practitioners operate as sole proprietors or in small-scale partnerships, sometimes employing a small number of administrative assistants on a part-time basis. There are no major operators with a significant number of establishments. According to the ABS, 46.4% of industry enterprises were non-employing in 2015-16, and a further 53.5% employed between one and 19 workers (latest available data). This indicates the high degree of fragmentation in the industry and the low level of market share concentration. Market share concentration has remained unchanged over the past five years.

    ..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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