Chiropractic is a health care profession that essentially aims to diagnose a patient’s musculoskeletal and nervous system disorders and how they affect their overall health. The focus is on the spine, connective tissue, bones, joints and muscles with an emphasis on treatment through manual adjustment of the affected area by the doctor.
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The global chiropractic market, which was $ 576.88 million in 2018 and is projected to reach $ 847 million by 2025, at a CAGR of 5.64% over the forecast period
Growth by region
North America had the largest market share in 2018 due to the presence of a variety of chiropractic educational institutions, the benefits of chiropractic treatment, and the significant cost savings associated with it. Europe, on the other hand, ranks second due to the increase in medical supply units combined with the growth of medical infrastructure and other clinical activities. The Asia-Pacific region is also one of the lucrative markets for the marketplace, and is seeing noticeable growth due to the increasing prevalence of chiropractic treatment by doctors through social media.
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Drivers vs. Limitations
The market is mainly driven by the increasing prevalence of obesity among people combined with the patient’s preference for immediate relief that will help them return to their normal lifestyle without wasting too much time. However, the growth of the global chiropractic market is hampered by a low penetration rate in emerging countries, as well as a lack of awareness, affordability and reluctance to use such services by patients.
Industry trends and updates
Cornerstone Chiropractic, a famous chiropractic wellness and care center in the United States, has opened its new business unit in Poplarville to provide service and care to patients in the area.
Midtown Chiropractic, one of the most famous chiropractic and wellness centers in the United States, has installed new equipment at its center, completing the renovation of its new office for $ 16,000 to care for patients and accelerate healing time.
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