Acupuncture treatment market will roll on price


The acupuncture treatment market is expected to rise through the ranks of perseverance over the next decade. Along with various health care apps on the anvil, mindfulness apps are also offered. They fall under the category of “wellness apps”. As the world wants the post-Covid era to run smoothly, these wellness apps are set to take the healthcare vertical by storm.
The global demand for acupuncture is expected to increase significantly due to the increasing prevalence of chronic diseases, rapidly changing lifestyles and increasing health complications among the geriatric population. Additionally, the lack of serious side effects, reduced drug dependency, and minimal invasive procedures are responsible for the growing adoption of acupuncture therapies. Currently, acupuncture services are provided at 73% of National Cancer Institute (NCI) Comprehensive Cancer Centers in the United States, and more than 1,300 acupuncturist physicians are present in North America.

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Persistence Market Research predicts that the global acupuncture market will grow at a CAGR of 16% during the forecast period (2019-2029).

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Company Profiles:

Traditional Chinese Medicines Australia
American College of Traditional Chinese Medicine (ACTCM)
Jingshen Acupuncture and Chinese Medicine Clinic (Jingshen TCM Clinic)
Professional Register of Traditional Chinese Medicine (PRTCM)
ChinaMed Charlottesville
New Zealand Society of Chinese Medicine and Acupuncture (NZCMAS)
Traditional Chinese Medicine and Acupuncture
European Association of Traditional Chinese Medicine (ETCMA)

Flow Acupuncture & Osteopathy
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Key Takeaways from Acupuncture Market Research

For the application of acupuncture, musculoskeletal conditions along with fatigue and CNS conditions are expected to gain ground during the forecast period.
The increasing adoption of traditional Chinese acupuncture therapy in North America and Europe is expected to contribute to significant dominance of these regions during the forecast period.
Needle acupuncture is expected to hold over 45% of the global acupuncture market share.
Electroacupuncture is expected to gain popularity and witness a 5x growth in the global acupuncture market by the end of 2029.
Leading service companies in the acupuncture market are collaborating with smaller acupuncture service providers, hospitals and wellness centers to strengthen their position in the market.
Growing adoption of acupuncture therapy with alternative treatment modality and increasing clinical evidence of efficacy in East Asia are expected to provide significant opportunities for market growth.
“Preference for the electropuncture technique over conventional needle acupuncture is expected to increase significantly, due to minimal side effects and increased patient comfort by reducing risks such as bleeding, pain or bruising at the needle insertion site.” explains a PMR analyst.

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Musculoskeletal conditions dominate the acupuncture market

The prevalence of musculoskeletal conditions such as chronic pain, cancer pain, osteoarthritis and others is increasing rapidly. In this category, back pain, neck pain and symptoms associated with cancer become less effective with current drug treatments. Acupuncture treatment is becoming a preferred alternative therapy for musculoskeletal pain due to its clinical effectiveness and treatment option with fewer side effects. For example, the global prevalence of chronic pain in adults ranged between 11% and 20%, and chronic pain prevalence indicates that approximately 1 in 5 American adults suffered from chronic pain in 2016. Additionally, approximately 45% of US acupuncture visits are reported. to treat musculoskeletal pain.

What does the acupuncture market study cover?

Persistence Market Research offers unique perspective and actionable insights on acupuncture therapy in its latest study, presenting historical demand assessment from 2014 to 2018 and projections from 2019 to 2029 based on type of service (acupuncture needle, electroacupuncture, auricular acupuncture, moxibustion, cupping). , and others), application (musculoskeletal conditions, fatigue and CNS conditions, respiratory conditions, digestive conditions and others) and end user (hospitals, clinics and wellness centers), in seven key regions.

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This press release was published on openPR.


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