Overview of the acupuncture market
The acupuncture market is expected to reach a value of USD 24551.6 million and a CAGR of 14.50% during the forecast period. Acupuncture is a process of practicing traditional Chinese medicines using thin metal needles that penetrate human skin and eventually create a flow of energy. This process improves overall human health as it stimulates the central nervous system. In recent years, medical companies and R&D departments have shown more interest in acupuncture treatment, which has led to the growth of the acupuncture market.
Due to the busy schedule and increased working hours, people started adopting unhealthy lifestyles, which became a major area of health problems. Common body problems such as insomnia, body aches, backaches, headaches, obesity, alcohol addiction and women’s menstrual problems are some of the major problems caused by a unhealthy lifestyle.
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The acupuncture process has been shown to show positive and prolonged effects on these issues. When practiced with other forms of exercises such as running, yoga, walking and meditation, a better result is expected. This has increased the market for acupuncture.
During the pandemic, the acupuncture market has been beneficial for the relief of COVID-19 symptoms such as nausea, shortness of breath, vomiting, insomnia, and other respiratory issues. Clinical trials were conducted during the pandemic year to analyze efficacy.
Segmentation of the acupuncture market
The acupuncture market is segmented into different segments: products and services, application and end user.
The application segment includes pain syndrome diseases, gynecological disorders and others.
The type segment of the market is mainly based on used needles such as non-disposable and disposable. Needles made of plastic and non-reusable materials are disposable, while needles made of silver, gold and steel are reused by sterilization with disinfectants and alcoholic liquids.
The vertical or end-user segment of the market includes hospitals, acupuncture clinics, local centers and foundations, and clinical trial clinics.
In the services section, Chinese acupuncture is the most studied and adopted. But many countries have their own methods and ways of performing acupuncture. Japanese and Korean acupuncture is also famous for using laser-based invasions into human muscles to relieve pain from the body part.
Regional Analysis of the Acupuncture Market
The acupuncture market covers major continents such as the Americas, Europe, Asia-Pacific, the Middle East and Africa.
The Americas are highly adopting acupuncture therapy due to the maintenance of an unhealthy lifestyle, which leads to an increase in the number of cases of chronic diseases and obesity. Players are also conducting more clinical and hospital trials to improve.
European countries like France, Germany, Italy are strongly adopting sedentary lifestyles and secondary medicine in terms of Chinese acupuncture and yoga therapies. This region is considered the second most invested region in the world in the acupuncture market.
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Asia-Pacific regions such as China, Japan, India, and Korea are the inventors of acupuncture therapy, due to which the acupuncture market is showing significant growth in this region.
Acupuncture Industry News
The WHO has signed an agreement with the Indian government to establish a global center for traditional medicine in the country, which includes ancient practices like acupuncture, Ayurvedic medicine and herbal blends and modern medicines.
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