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Chiropractors Report Summary

SIC Codes: 8041
NAICS Codes: 621310

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms
 

Chiropractors Industry Overview

Excerpt from Chiropractors Report

Practitioners in this industry provide diagnostic and therapeutic treatment of the neuromusculoskeletal systems, with a focus on manipulation and adjustment of the spinal column. No major companies dominate the industry.

Competitive Landscape

Demand for chiropractic services is driven by the aging of the US population and the overall acceptance of alternative medicine and chiropractic care. The profitability of individual companies depends on effective marketing and maximizing billable hours. Large companies have advantages in regional name recognition. Small companies can compete effectively by serving a small community or integrating the practice into a larger holistic health practice. The US industry is highly fragmented: the top 50 companies generate less than 10 percent of revenue.

Products, Operations & Technology

Patient services account for 95 percent of industry revenue; other sources of revenue include sales of medical devices, vitamins, and OTC drugs.

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