Chiropractic Clinics

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Current Conditions, Industry Structure, How Firms Operate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 38,900 chiropractic clinics in the US provide care that is focused on the spine and neck to patients suffering from disorders or injuries to the musculoskeletal system. Chiropractors may specialize in sports medicine, neurology, pediatrics, orthopedics, nutrition, or radiology. Some practices offer health and wellness counseling, as well as nutritional supplements.

Competition from Other Providers

In addition to chiropractors, other medical providers, such as physical therapists and osteopaths, can treat patients for back or joint pain.

Growing Acceptance of Chiropractic Care

Changing perceptions of alternative medicine and more rigorous educational requirements have led to gradual acceptance of chiropractic care.

Industry size & Structure

A typical chiropractic clinic operates out of a single location, employs about 3-4 workers, and generates $385,000 in annual revenue.

    • The chiropractic industry consists of about 38,900 companies, which employ 138,500 workers and generates $15 billion annually.
    • Most chiropractors are solo practitioners who own and operate a single clinic. About 95% of chiropractic clinics employ less than 10 workers.
    • No national chiropractic chains exist. The largest chains are confined by state boundaries.
    • Half of all patients suffering from persistent back pain receive chiropractic treatment.
                                Industry Forecast
                                Chiropractic Clinics Industry Growth
                                Source: Vertical IQ and Inforum

                                Recent Developments

                                Mar 6, 2023 - Social Media Post Results In Patient Information Disclosure
                                • A letter sent to some patients of Palmer Chiropractic Clinics in Iowa says that some protected health information may have been breached when an employee posted a picture to social media without realizing that information displayed on a computer monitor had been in the background of the picture. The information disclosed included patient names, birth dates, patient numbers and names of insurance providers. The incident was reportedly discovered within an hour of the employee posting the photo. The letter says the clinic has already taken steps to make sure patients' information is protected.
                                • A study conducted by the Chiropractic Doctors Association of Hong Kong found that the incidence of severe adverse events associated with chiropractic spinal manipulation was 0.21 per 100,000 treatments. The study, published in Nature Scientific Reports, looked at treatments involving chiropractic spinal manipulation across 30 chiropractic clinics spanning more than five years. The researchers identified only two severe adverse events in nearly one million treatments, both of which were rib fractures occurring in older women with osteoporosis. No adverse events were life-threatening or resulted in death.
                                • Chiropractic practices have begun targeting electronic sports injuries as a new revenue source. eSports, Electronic sports, also known as eSports, are competitive sports played via video games. Experts say that eSports injuries are increasing among middle school, high school, and especially college-age students. Millions of fans watch eSports athletes at live events or online. Major colleges now host eSports teams at their universities, and like athletes competing in more traditional sports, eSports athletes can also be injured, with many suffering overuse injuries.
                                • The chiropractic industry is moving toward full-service wellness clinics. Clinics are adding wellness services such as massage therapy, cupping, nutritional supplementation, and X-rays in a move to take a deeper look at patients’ long-term health goals and help with more than just improving back pain, according to Chiropractic Economics magazine. Clinics are also trying to avoid what is known as “White Coat Syndrome,” where people have anxiety and high blood pressure when entering medical clinics. A common approach is to provide a spa-like atmosphere where patients can relax during treatment.
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