DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/a70480/chiropractor_offic) has announced the addition of the "Chiropractor Offices" report to their offering.
The US chiropractic industry includes about 28,000 establishments (single-location companies and branches of multi-location companies) and 50,000 licensed chiropractors with combined annual revenue of about $9 billion. No major companies dominate. The industry is highly fragmented: the top 50 chiropractic in sterling Heights companies generate less than 10 percent of revenue.
Demand for chiropractic services is driven by the aging of the US population and the overall sterling Heights chiropractic 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 industry is labor-intensive: annual revenue per worker is about $80,000.
Chiropractors compete with physical therapists and medical doctors, many of whom consider chiropractic treatments ineffective.
PRODUCTS, OPERATIONS & TECHNOLOGY
A chiropractor's major service is treating patients who have pain due to muscular or skeletal injuries. Patient services account for 95 percent of total industry revenue. Other sources of revenue include sales of medical devices, vitamins, and OTC drugs.
Treatment commonly consists of spinal manipulative therapy (SMT), based on the theory that pain is due to misaligned bones. Back pain is the most common patient complaint.
Key Topics Covered:
Quarterly Industry Update
Trends AND Opportunities
Call Preparation Questions
Website and Media Links
Glossary of Acronyms
For more information visit http://www.researchandmarkets.com/research/a70480/chiropractor_offic
Source: First Research