Industry Data & Market Research

2023 U.S. Industry Statistics & Market Forecast - Chiropractors

Market Size & Industry Statistics

The total U.S. industry market size for Chiropractors: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Chiropractors market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.

Forecast / Industry Outlook 2023 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The chiropractic industry has experienced significant growth in recent years, driven by a range of factors affecting both the demand for and the delivery of chiropractic care. Key trends affecting the chiropractors industry include the growing stigma of opioids and other prescription painkillers, the increasing focus on preventative care, and the rise of alternative therapies and complementary medicine.

Firstly, the opioid crisis has brought a renewed interest in natural and non-invasive approaches to pain relief, making chiropractic care a highly sought after alternative. Secondly, chiropractors are increasingly being viewed as partners in overall health maintenance and prevention, rather than just for back pain treatment. This has led to a greater emphasis on patient education, wellness programs, and lifestyle changes.

Additionally, the use of mobile technology is rising, providing patients with greater availability and access to chiropractic care. Telehealth and telemedicine technologies have enabled remote consultations, follow-up visits, and appointment scheduling, all of which make chiropractic care more convenient and accessible.

Finally, chiropractors are starting to embrace a more evidence-based approach to treatment, using technology to monitor patients' progress and outcomes, and sharing data with other healthcare providers. This approach is a positive shift towards integration with other parts of the healthcare system, and may lead to greater acceptance of chiropractic care as a legitimate and effective treatment option.

Product & Services Breakdown

Research products and services in the Chiropractors industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Patient Care, Related To Icd-9 Major Category, Based On Primary Diagnosis

Patient Care - Infectious And Parasitic Diseases (Icd-9 Codes 001-139)

Patient Care - Diseases Of The Nervous System And Sense Organs (Icd-9 Codes 320-389)

Patient Care - Diseases Of The Musculoskeletal System And Connective Tissue (Icd-9 Codes 710-739)

Patient Care - Symptoms, Signs, And Ill-Defined Conditions (Icd-9 Codes 780-799)

Patient Care - Injury And Poisoning (Icd-9 Codes 800-999)

Patient Care - Supplementary Classification Of Factors Influencing Health Status And Contact With Health Services (Icd-9 Codes V

Patient Care - Supplementary Classification Of External Causes Of Injury And Poisoning (Icd-9 Codes E800-E999)

Patient Care - All Other Patient Care

Resale Of Merchandise

Resale Of - All Other Merchandise

All Other Receipts

All Other Operating Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Chiropractors company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Chiropractors industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Chiropractors measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 2%

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General and Operations Managers1%
Healthcare Practitioners and Technical Occupations 27%
Healthcare Diagnosing or Treating Practitioners 26%
Chiropractors 24%
Chiropractors 24%
Healthcare Support Occupations 29%
Other Healthcare Support Occupations 28%
Massage Therapists 7%
Massage Therapists 7%
Miscellaneous Healthcare Support Occupations 21%
Medical Assistants 21%
Office and Administrative Support Occupations 41%
Information and Record Clerks 13%
Receptionists and Information Clerks 12%
Receptionists and Information Clerks 12%
Secretaries and Administrative Assistants 11%
Secretaries and Administrative Assistants 11%
Medical Secretaries and Administrative Assistants 8%
Other Office and Administrative Support Workers 8%
Office Clerks, General 8%
Office Clerks, General 8%
Source: Bureau of Labor Statistics

Chiropractors Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Chiropractors industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Chiropractors industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Chiropractors industry.

Government Contracts

In 2022, the federal government spent a total of $555,294 on Chiropractors. It has awarded 4 contracts to 4 companies, with an average value of $138,823 per company.   

Most Recent Contracts Date Total Award Amount