Acupuncture Market Study Reveals Growth Factors and Competitive Outlook for Future 2022-2030 – Muleskinner

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Report Ocean has published the latest research report on the Acupuncture market. In order to understand a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that relate specifically to the market under study. Moreover, the Acupuncture The market study demonstrates a detailed examination of the state of the company, which represents creative means for the growth of the company, financial factors such as production value, key regions and growth rate .

The global acupuncture market is expected to reach a market value of USD 55,323.8 million by 2023 from USD 24,551.6 million in 2017 and is expected to register a CAGR of 14.50% during the forecast period. 2018 to 2023.

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Introduction

Acupuncture is a medical practice in which fine needles are placed at specific points on the body. It is a healing process carried out by a specialized doctor with extensive knowledge of pulse diagnosis. The increasing prevalence of chronic diseases, secondary lifestyle, gynecological disorders, obesity and alcohol dependence has led to complications such as insomnia, body aches and emotional disorders that stimulate growth of the global acupuncture market. According to a study published in the Drug and Alcohol Dependence Journal in 2017, more than 100 million adults live with chronic pain in the Americas. Additionally, factors such as advancements in acupuncture therapy and growing geriatric population are also supporting the growth of the acupuncture market globally. Additionally, growing demand for complementary and alternative medicine and growing funding activities for acupuncture are likely to support the growth of the market over the assessment period.

The global acupuncture market is expected to reach a market value of USD 55,323.8 million by 2023 from USD 24,551.6 million in 2017 and is expected to register a CAGR of 14.50% during the forecast period. 2018 to 2023. In 2017, the market was led by Europe with a share of 32.7%, followed by Asia-Pacific and the Americas with shares of 29.4% and 25.3%, respectively . The growth of the European region market is attributed to the growing acceptance of acupuncture therapy.

The global acupuncture market has been segmented on the basis of product and service, application, end user, and region.

The global acupuncture market, by product and service, has been segmented into services and products.
The global acupuncture market, by application, has been segmented into pain syndrome, gynecological disorders, psychological diseases, and others.
By end-user, the global acupuncture market has been segmented into wellness centers, hospitals and specialty clinics, and research and academic institutes.

Key players
Seirin Corporation, Kanson, Zepter International, Cymedics GmbH & Co. KG, schwa-medico GmbH, MKW Lasersystem GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Asia-med GmbH, Qingdao Great Fortune Co., Ltd, and AcuMedic Ltd.

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Study objectives
> To provide a comprehensive analysis of the Acupuncture industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
> To provide in-depth information regarding factors driving and restraining the growth of the Global Acupuncture Market
> To estimate the size of the Acupuncture market from 2015 to 2023 for different regions. Where, 2015 to 2016 would be the historical period, 2017 will be the base year, and 2018 to 2023 will be the forecast period for the study
> To analyze the global acupuncture market, based on four main geographies, namely Americas, Europe, Asia-Pacific and Middle East & Africa
> Compare the products vis-à-vis the different market players
> To provide market value analysis by country for various segments of the Acupuncture market
> Provide strategic profiling of key companies (manufacturers and distributors) present across the world and thoroughly analyze their competitiveness/competitive landscape in this market
> Provide distribution chain/value chain analysis for the acupuncture market

Target audience
> Manufacturers of medical devices
> Suppliers and distributors of medical devices
> Government research institutes
> Academic institutes and universities

Main findings
> Global Acupuncture Market is expected to reach USD 55,323.8 Million by 2023 from USD 24,551.6 Million in 2017 and is expected to register a CAGR of 14.50% during the forecast period 2018 to 2023
> Based on products and services, the services segment accounted for the largest market share and is expected to register a CAGR of 14.26% in 2023
> Based on application, pain syndrome diseases segment accounted for the largest market share and is expected to register a CAGR of 14.04% by 2023
> Based on end-user, wellness center segment held the largest market share of 44.6% in 2017 and is expected to register a CAGR of 14.32% during the forecast period
> Europe is expected to hold the largest global acupuncture market share with a CAGR of 13.53% in 2023
> The Americas is the fastest growing market, expected to register a CAGR of 14.94% by 2023

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Regional analysis
> Americas
o North America
? WE
? Canada
o Latin America
> Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Rest of Europe
> Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o Rest of Asia-Pacific
> Middle East & Africa
o Middle East
o Africa

Contents

Market overview
Market dynamics
Associated industry rating
Market Competitive Landscape
Analysis of leading companies
Market analysis and forecast, by product type
Market analysis and forecast, by applications
Market analysis and forecast, by region
Conclusions and Recommendations
Annex

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