Acupuncture Needles Market Size Worth USD 24,551.6 Million at 14.60% CAGR by 2027 | Growth projection, latest trends and share value

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Acupuncture Market Size, Growth, and Information by Product & Services (Services, Product), Application (Pain Syndrome Diseases, Gynecological Disorders, Others), by End User (Wellness Center, Hospitals, and Specialty Clinics , others), forecast to 2027

Scope of Acupuncture Needles Market

MRFR (Market Research Future) estimates that the acupuncture needles market size is expected to exceed $ 24,551.6 million by 2027. Market Research Future also expects the market to skyrocket at a rate of 14 , 60% between 2020 and 2027 (evaluation period).

Accelerated cases of chronic diseases like obesity, diabetes and various autoimmune diseases due to antimicrobial resistance, prevalence of sedentary and unhealthy lifestyles, smoking and alcohol consumption are cited as factors keys driving market growth. The National Diabetes Statistic Report suggests that in 2018, more than 100.0 million Americans had diabetes or prediabetes.

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Additionally, the WHO revealed that in 2018, nearly 2.6 million lives were caused by diabetes. This growing number requires urgent attention, and acupuncture is emerging as one of the most effective treatments. It not only relieves but also treats pain resulting from chronic disorders. In addition, the risks of unwanted side effects are relatively lower than with most other treatments, which also adds to its demand from patients and healthcare professionals.

The increase in hypertension cases is also promoting the need for effective treatment options such as acupuncture. WHO reported in 2019 that nearly 2.13 billion people worldwide have hypertension. Diabetes is known to be a major cause of hypertension, which affects more than a billion people worldwide. Long-term diabetes causes leg ulcers and can be extremely painful. These cases require acupuncture treatment to reduce pain and reduce the level of suffering of the patients. The therapy also reduces hypertension by providing mental relief which helps to increase its demand and then adds to the market value of acupuncture needles.

Acupuncture Needles Market Segmentation

The acupuncture industry can be divided in terms of products and services, applications and end users.

According to the products and services, the acupuncture needle market is directed to services as well as products. The services are traditional Chinese medicine, Japanese acupuncture, cupping, Korean hand acupuncture, scalp acupuncture, auricular acupuncture, non-insertion, moxibustion and others.

The main applications of acupuncture are psychological illnesses, pain syndromes, gynecological disorders and others. Pain syndrome diseases occupy the highest share of the world market, which stands at 33.5%, while it is expected to thrive at a rate of 14.04% in the coming years.

The main end users of acupuncture are wellness centers, research institutes and universities, hospitals and specialist clinics. Wellness centers can eventually take the lead in the acupuncture industry, as most of them specialize in extended acupuncture therapies and are increasingly preferred by patients around the world.

Regional Acupuncture Needles Market Study

The acupuncture industry has been considered regionally for Europe, MEA or Middle East, the Americas as well as APAC / Asia-Pacific.

America is the market leader as the region is home to a huge population of people leading unhealthy and sedentary lifestyles while obesity affects over 80% of the total population. In addition, over 20% of the total population suffers from chronic illnesses, which has highlighted the importance of acupuncture therapy among consumers. The position of the American market is further strengthened by the efforts made by manufacturers of acupuncture devices and the rapid increase in the number of hospital and clinical trials. The escalation of hypertension and diabetes in the United States and Canada is also facilitating the expansion of the acupuncture needle market in the region.

The APAC market for acupuncture needles for acupuncture has been moving the growth chart at a breathtaking rate, supported by advancements in healthcare infrastructure. The growing number of acupuncture therapy centers and more people actively seeking treatment for chronic pain and other health conditions could also add to the market value. The growing interest of international companies in locating companies in Asia-Pacific should also ensure better prospects in the years to come.

Key players in the acupuncture needle market

The major competitors active in the global acupuncture needles for acupuncture market include

  • MKW Laser System GmbH
  • Acumedic Limited
  • Qingdao Great Fortune Co. Ltd
  • Asia Med GmbH
  • Wuxi Jiajian Medical Instruments Co. Ltd.
  • Zepter International
  • SIRIN Company
  • 3B Scientific GmbH
  • Schwa-medico GmbH

Large companies are working to commercialize acupuncture treatment around the world, shedding light on its benefits and working to raise awareness. The other strategic initiatives taken by the players are partnerships, agreements and acquisitions, to strengthen their activity and reach more consumers.

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To quote a reference, in January 2021, Flint, a Michigan-based Forum Health, acquired Healing Arts Center, which is an alternative medicine practice located in Valparaiso. Healing Arts Center offers a wide range of alternative services including acupuncture, massage, reflexology, naturopathy, hypnotherapy, chiropractic and more. The Center is known to treat conditions like Parkinson’s disease, dementia, Lyme disease, autism, ADD, depression, allergies and anxiety, while helping patients achieve their loss goals. weight.

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