Global Chiropractic Care Market to Grow at a CAGR of 3.67% by 2021: Low Penetration in Emerging Economies - Research and Markets

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Apr 18, 2017, 08:45 ET

DUBLIN, April 18, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Chiropractic Care Market 2017-2021" report to their offering.

The global chiropractic care market to grow at a CAGR of 3.67% during the period 2017-2021.

The report, Global Chiropractic Care Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is leveraging on internet platform to create awareness. The emergence of the internet allows potential customers to browse and inquire from a range of service offerings provided by vendors through their online portals. It makes the user's experience of customers easier and helps in brand retention and visibility. The ability of the vendors to broadcast their services online allows for higher revenue generation and capturing a larger share of the market.

Moreover, the increasing penetration of internet will enable the vendors to provide a broad range of services, which include user segments from teenagers to adults to reach new potential customers and increase the customer base for these products. The websites can be hosted by the company or third party company where the vendors select the template, which includes live chat, auto-text reminders, blogs, personal patient profiles and log-ins, e-commerce, and streaming. Depending upon the vendors' budget, the website can be detailed or simple.

Further, the report states that one challenge in market is low penetration in emerging economies. Penetration of chiropractic services is low in APAC (except Japan), South America, and Africa. Currently, a high number of households in the US utilize chiropractic services, but the penetration rate remains a single-digit figure in developing countries such as Brazil, India, and Nigeria where it is not more than 2%-4%. It is mainly due to the lack of awareness, affordability, and reluctance to use such services. Low gross domestic product (GDP) in these regions prohibits the use of these types of services, and thus, people still prefer traditional methods of massage whenever necessary.

Key vendors

Aarhus Chiropractic
Atlanta Chiropractic & Wellness
Family Life Chiropractic
Rivera Chiropractic Center
RiverTowne Family Chiropractic

Other prominent vendors

Cornerstone Chiropractic
Deloe Chiropractic Care
Dr. Spine Clinic
Medi-Wellness of Calvert
Midtown Chiropractic
PROSPINE Health and Injury Center
Pure Health Chiropractic
Rohlfs Chiropractic Care

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key Vendor Analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/v5zf6b/global

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SOURCE Research and Markets