Chiropractic care is a health care profession that focuses on disorders of the musculoskeletal system and the nervous system and the effects of these disorders on general health. It is a drug-free, non-invasive healthcare approach that primarily focuses on manual manipulation and alternative treatments such as acupuncture and massage therapy. The rising prevalence of musculoskeletal disorders such as lower back pain, disc disorders, neck and joint pain across the globe is driving more people to opt for chiropractic care as the first choice of treatment over drug medication and invasive therapies. Furthermore, increasing awareness about the benefits of chiropractic care and growing inclination towards healthy lifestyle choices are expected to push the demand for chiropractic care services in the coming years.
Market Dynamics:
The global chiropractic care market is primarily driven by the rising geriatric population and the increasing rate of lower back pain, disc disorders, and musculoskeletal injuries. According to the American Academy of Pain Medicine, lower back pain is one of the most common reasons for job-related disability and missed work. Chiropractic care offers a drug-free and non-invasive approach to treat such conditions without any side effects. Furthermore, increasing consumer preference for alternative therapies over conventional drug medications is expected to provide lucrative growth opportunities for chiropractic care services. However, the market growth could be restrained by the higher cost of chiropractic treatment compared to conventional physical therapy or medications. Moreover, limited or lack of insurance coverage for chiropractic care in many countries negatively impacts the market revenues. The development of low-cost treatment options and greater insurance coverage are expected to create new opportunities for chiropractic care market players during the forecast period.
Key Features of the Study:
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