NEW
YORK, July 12, 2024 /PRNewswire/ -- The
global acupuncture market size is estimated to grow by
USD 16.83 billion from
2023-2027, according to Technavio. The market is estimated to grow
at a CAGR of 14.09% during the forecast period.
Increasing geriatric population is driving market
growth, with a trend towards advancements in healthcare
facilities. However, side-effects associated with acupuncture
treatment poses a challenge. Key market players include
3B Scientific GmbH, ACA, AcuMedic
Ltd., Acupuncture Plus, asia med GmbH, Beijing Acupuncture and
Herbal Clinic, Blue Branches Acupuncture, CUTTING EDGE
CHIROPRACTIC, Dongbang Medical, Dongguan Southstar Electronics
Ltd., Mayo Clinic, Meridius Medical GmbH, MKW Lasersystem GmbH,
Modern Acupuncture, schwa medico GmbH, Sedatelec, Wuhan ZJZK
Technology Co. Ltd., Wuxi Jiajian Medical Instrument Co. Ltd.,
Zepter International Poland sp. Z o. O., and Neo Acupunture.
Get a detailed analysis on regions, market segments, customer
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report
Acupuncture Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2022
|
Historic
period
|
2017 - 2021
|
Forecast
period
|
2023-2027
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
14.09%
|
Market growth
2023-2027
|
USD 16839.1
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
13.17
|
Regional
analysis
|
Europe, Asia, North
America, and Rest of World (ROW)
|
Performing market
contribution
|
Europe at
33%
|
Key
countries
|
US, France, Italy,
China, and Japan
|
Key companies
profiled
|
3B Scientific GmbH,
ACA, AcuMedic Ltd., Acupuncture Plus, asia med GmbH, Beijing
Acupuncture and Herbal Clinic, Blue Branches Acupuncture, CUTTING
EDGE CHIROPRACTIC, Dongbang Medical, Dongguan Southstar Electronics
Ltd., Mayo Clinic, Meridius Medical GmbH, MKW Lasersystem GmbH,
Modern Acupuncture, schwa medico GmbH, Sedatelec, Wuhan ZJZK
Technology Co. Ltd., Wuxi Jiajian Medical Instrument Co. Ltd.,
Zepter International Poland sp. Z o. O., and Neo
Acupunture
|
Market Driver
Healthcare facilities are shifting from a supply-based
infrastructure to a demand-driven service model due to rising
individual demand and willingness to spend on various treatment
stages. This includes disease diagnostics, hospital-based
therapies, and post-treatment care services. The growing demand
enables providers to invest in advanced laboratories, patient
wards, and medical equipment. This expansion of healthcare
offerings now includes acupuncture treatments, which use
acupuncture for holistic recovery from medical conditions.
Acupuncture involves various methods and equipment for drug-free
pain management and muscle mobility improvement, fueling its
increasing demand and the global market's growth.
The acupuncture market is experiencing significant growth due to
increasing trends in musculoskeletal pain treatment. With over 50
million Americans suffering from back pain each year, healthcare
costs for musculoskeletal conditions reach billions. Western
practitioners are integrating acupuncture into their practices,
using needles to stimulate nerves, muscles, and connective tissue.
Acupuncture offers an alternative to painkillers and NSAIDs,
providing relief without side effects. Acupuncture's popularity is
driven by its effectiveness in treating various conditions,
including post-surgical trauma, hypertension, diabetes, and
diabetic ulcers. Trends include the use of heat, pressure,
friction, suction, and electromagnetic energy. Acupuncture
treatment centers, hospitals, and clinics are expanding to meet the
demand. Lifestyle concerns, such as yoga, jogging, walking, and
meditating, are complementary practices. The market revenue for
acupuncture is projected to grow, offering opportunities for
businesses and investors. Standardization, syndrome
differentiation, and continuous research are key to ensuring
quality and effectiveness.
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Market Challenges
- The global acupuncture market may face challenges due to
potential side effects from acupuncture treatment. Common adverse
reactions include discomfort, bleeding, allergic reactions, skin
rashes, nausea, vertigo, bruises, and fainting. More serious
complications include nerve and blood vessel injuries, organ
punctures, hemorrhages, and infections. To minimize risks, it's
crucial that certified and trained practitioners use sterile,
disposable needles. Despite these risks, the market is expected to
grow due to increasing demand for alternative therapies and
advancements in technology. However, the negative side effects may
limit market expansion during the forecast period.
- The Acupuncture market faces several challenges in today's
health-conscious world. Lifestyle concerns such as obesity,
hypertension, and diabetes drive demand for alternative treatments.
Yoga, jogging, walking, and meditating are popular, but Acupuncture
Treatment Centers, Hospitals, and Clinics offer more targeted
solutions. Surgical procedures and post-surgical trauma increase
the need for Acupuncture. Market revenue continues to grow, driven
by product and service offerings like Japanese Acupuncture,
Cupping, Chinese Medicine, Korean Manual Acupuncture, Auricular,
Head Acupuncture, and Non-Insertion Acupuncture. Syndrome illnesses
like Endometriosis also present opportunities. M&A activity
among key players like 3B SCIENTIFIC
GMBH, AcuMedic Ltd, and asia-med GmbH impacts the market.
Materials, coatings, and design advancements in disposable and
non-disposable needles (stainless steel, silver) are crucial.
Diabetic foot ulcers, venous foot ulcers, and buying behavior due
to injuries and surgeries are significant factors.
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challenges - Request a sample report!
Segment Overview
This acupuncture market report extensively covers market
segmentation by
- Type
- 1.1 Needle acupuncture
- 1.2 Electroacupuncture
- 1.3 Auricular acupuncture
- 1.4 Cupping
- 1.5 Others
- End-user
- 2.1 Hospitals and specialty clinics
- 2.2 Wellness centers
- 2.3 Research and academic institutions
- Geography
- 3.1 Europe
- 3.2 Asia
- 3.3 North America
- 3.4 Rest of World (ROW)
1.1 Needle acupuncture- The acupuncture market is
experiencing growth due to the rising incidence of chronic
conditions, such as osteoarthritis, rheumatoid arthritis,
fibromyalgia, and other health issues. These conditions are driven
by sedentary lifestyles, alcoholism, obesity, and stress.
Acupuncture needles, an alternative to allopathic medications, are
used to stimulate nerves by inserting them into various body parts.
They are primarily used for treating headaches, bodily discomfort,
post-operative pain, gastrointestinal troubles, mental illnesses,
respiratory disorders, chemotherapy, and gynecological problems.
The market is expected to expand due to the lack of serious adverse
effects associated with acupuncture compared to pharmaceutical
drugs, reduced reliance on medications, and lower need for invasive
medical procedures. Product innovations, such as nano-sensor-loaded
needles for sensitive, portable, and selective detection, are also
driving market growth. However, challenges such as regular patient
check-ups, potential adverse effects like infection and pain, and
lack of insurance coverage for acupuncture treatment may hinder
market expansion. The increasing awareness of acupuncture therapy
and investments by key global companies, growing healthcare
spending, and enhanced healthcare infrastructure present
opportunities for the global acupuncture needles market.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
Acupuncture, an ancient Chinese practice, is gaining popularity
as a complementary therapy for various lifestyle concerns and
health conditions. Yoga, jogging, walking, and meditating are some
lifestyle practices that can complement acupuncture in promoting
overall wellness. Acupuncture Treatment Centers, Hospitals, and
Clinics offer acupuncture services for a wide range of conditions,
including surgical procedures, post-surgical trauma, hypertension,
diabetes, diabetic ulcers, and syndrome illnesses. Japanese
Acupuncture, Cupping, Chinese Medicine, Korean Manual Acupuncture,
Auricular, Head Acupuncture, Non-Insertion Acupuncture are
different techniques used in this practice. Endometriosis, Obesity,
and other conditions are also treated with acupuncture. The global
acupuncture market revenue is projected to grow significantly due
to the increasing demand for non-invasive and holistic healthcare
solutions. Wellness Centers, Specialty Clinics, Private Acupuncture
Hospitals are some of the key places where one can avail of these
services.
Market Research Overview
Acupuncture, an ancient Chinese healing practice, is gaining
popularity as people seek alternative methods to address lifestyle
concerns such as stress, insomnia, and anxiety. Practices like
Yoga, Jogging, Walking, and Meditating complement acupuncture in
promoting overall wellness. Acupuncture Treatment Centers,
Hospitals, and Clinics offer various acupuncture services,
including Japanese Acupuncture, Cupping, Chinese Medicine, Korean
Manual Acupuncture, Auricular, Head Acupuncture, and Non-Insertion
Acupuncture. Syndrome illnesses like Endometriosis, Obesity, and
Post-Surgical Trauma also find relief in acupuncture. The market
revenue for acupuncture and related products & services is
projected to grow significantly due to increasing healthcare costs
and the rising prevalence of chronic conditions like Hypertension,
Diabetes, and Diabetic Ulcers. M&A activity in the sector
involves companies like 3B SCIENTIFIC
GMBH, AcuMedic Ltd, and asia-med GmbH. Acupuncture uses materials
like disposable and non-disposable needles made of Stainless steel
and Silver. Design advancements include heat, pressure, friction,
suction, and electromagnetic energy. Buying behavior is influenced
by injuries, surgeries, musculoskeletal pain, nerves, muscles, and
connective tissue. Western practitioners integrate acupuncture with
painkillers like NSAIDs and standardize syndrome differentiation
for effective treatment.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Needle Acupuncture
- Electroacupuncture
- Auricular Acupuncture
- Cupping
- Others
- End-user
-
- Hospitals And Specialty Clinics
- Wellness Centers
- Research And Academic Institutions
- Geography
-
- Europe
- Asia
- North America
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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