2012-11-23 12:52:27 - Chiropractic Care - A US Market Report - a new market research report on companiesandmarkets.com
Musculoskeletal disorders represent the most common cause for physical disability in the US, with the total costs involved in the treatment of musculoskeletal disorders reaching more than US$800 billion annually. Back pain and neck pain are common conditions, with the economic burden of back pain totaling to about US$12 billion annually. Chiropractic represents one of the most popular and cost-effective alternative treatments for musculoskeletal disorders and is being used by more than 50% of patients suffering from persistent back pain in the US.
About 20 to 30 million individuals in the US use Chiropractic services annually, as stated by the new market research report on Chiropractic Care. The number of patients using chiropractic care is the highest within 31 to 50
years age group, and 51 to 64 years age groups. In terms of gender, women account for a larger share in terms of using Chiropractic services as compared to men. With an increase in the number of people availing Chiropractic services, the US has seen a rise in employment rate in this profession. The employment prospects are good for Chiropractors. The employment opportunities are expected to increase by about 18 to 20% over the next ten years.
Health Maintenance Organizations as well as private companies provide coverage for chiropractic treatment. Medicaid provides coverage for chiropractic services in many states. In addition, the inclusion of chiropractic in government-third party payment programs and private insurance, has proved beneficial for the overall healthcare industry.
The report titled Chiropractic Care: A US Market Report provides a strategic review of Chiropractic industry, key trends, growth drivers, market challenges, review of Complementary & Alternative Medicine (CAM) Therapies, employment rate of Chiropractors, patient population statistics, Chiropractic therapy details and its use in various musculoskeletal disorders. The report in addition also enumerates strategic industry activities and profiles of market participants. The report offers revenue estimates and projections for Chiropractic Care in the US market for the years 2007 through 2015, and 2001 to 2006.
The chiropractic services industry in the US is highly fragmented, with no single establishment currently dominating the industry. Key participants profiled in the report include Aarhus Chiropractic, Absolute Healthcare Chiropractic, ACM Health Centers, American Chiropractic Clinic, Advanced Spinal CARE Center, Applied Chiropractic Inc., Atlanta Health & Wellness Chiropractic Clinic, Atlas Orthogonal Chiropractic, Back to Health Chiropractic Clinics Ltd., Bodywise Chiropractic Center, Care More Chiropractic, Chiropractic Neurology Center, Family Life Chiropractic, Fish Family Chiropractic, Grace Chiropractic, Head, Neck and Spine Center of San Diego, Heritage Chiropractic Wellness Center, Lincroft Chiropractic & Wellness Center, Palmer College of Chiropractic, Rivera Chiropractic Center LLC, RiverTowne Family Chiropractic LLC, San Jose Chiropractic Center, among others.
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