Acupuncture Needles Market - Global Industry Analysis

Acupuncture Needles Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Healthcare Report Format : PDF Report Code: ZMR-6272 Status : Upcoming

Description

Global Acupuncture Needles Market: Overview

Acupuncture is an old-age healing practice which involves the process of inserting thin needles into a person’s skin at strategic points on the body. It is usually used to treat pain but also is been used for overall wellness that includes stress management. At the insertion point, the acupuncture needle may cause little to no discomfort, but the signal is enough for the body to know it needs to respond.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Acupuncture Needles Market: Growth Factors

The global acupuncture needles market is growing at a lucrative rate. Factors such as the rise in adoption of acupuncture as a treatment for pain relief, the rise in the study on acupuncture points, and the growing prevalence of chronic diseases such as autoimmune diseases, cancer, diabetes, and many more are fostering the growth of the global market. Acupuncture promotes the natural self-healing process and enhances the body’s functions by the stimulation of specific anatomic sites known as acupoints or acupuncture points. This helps to improve the digestive system, sleep, sense of well-being, and most importantly resolve pain. In addition to this, supported by clinical studies, acupuncture is used to treat a wide range of conditions including insomnia, depression, anxiety, migraine headache, and musculoskeletal problems including neck pain & back pain, allergic rhinitis, and many more. All these benefits of acupuncture have led to the rise in adoption of acupuncture which in turn is propelling the growth of the global market. Further, cancer is one of the leading causes of death across the world. According to CDC, in the United States alone, in an outpatient oncology clinic, approximately 650,000 cancer patients receive chemotherapy. Acupuncture is also widely used to relieve discomfort related to postoperative and chemotherapy-induced vomiting & nausea thereby fueling the demand for acupuncture needles and effectively contributing to the growth of the global acupuncture needles market. Moreover, factors such as broadening coverage under insurance, an increase in the use of disposable needles, and an increase in the number of gynecological disorders are also boosting the growth of the global market. Furthermore, growing emotional and physical impacts caused by stressful and unhealthy work environments may have numerous opportunities for the growth of the global acupuncture needles market over the forecast period. However, the possibility of transmitting germs through needles leading to infection is the factor that may slow down the growth of the global acupuncture needles market.

The global acupuncture needles market is adversely hit by the Covid-19 pandemic conditions. The rapid spread of infection has put tremendous pressure on the healthcare industry. Treatment of Covid-19 infected patients was prioritized and other non-emergency procedures were suspended during the pandemic period. In addition to this, the disruption in the supply chain and distribution chain due to restrictions on transport also affected the production and sales of the acupuncture needles. All these factors have affected the market growth. However, the ease in regulations and growing work stress among the employees owing to work from home policies may trigger a healthy growth of the global market.

Global Acupuncture Needles Market: Segmentation

The global acupuncture needles market is bifurcated based on material, product, end-use, and region. Silver, gold, and stainless steel are the material used in the manufacture of acupuncture needles in the global acupuncture needles market. Based on the product, the global market is divided into non-disposable needles and disposable needles. The end-use segment consists of educational & research institutes, hospitals, specialty clinics, and others.

Global Acupuncture Needles Market: Regional Analysis

Asia Pacific is anticipated to contribute to a maximum share in the global acupuncture needles market during the forecast period. Factors that are fueling the growth of the market in this region are the growing adoption of acupuncture to relieve discomfort & treat numerous conditions and growing preference for the traditional method of treatment, especially in China & Japan. In addition to this, the rise in the number of acupuncture clinics is also among the factors that are fueling the growth of the market in Asia Pacific region. On the other hand, the market in North America is estimated to grow rapidly owing to an increase in the prevalence of chronic diseases and growing acceptance of acupuncture for stress & pain management.

Global Acupuncture Needles Market: Competitive Players

Some of the prominent players operating in the global acupuncture needles market are 3B SCIENTIFIC GMBH, Shinylink (Shanghai) Industrial Inc., Suzhou Zhongjing Life & Science Technology Co., Ltd., WUXI JIAJIAN MEDICAL DEVICES CO., LTD., Suzhou Hualun Medical Appliance Co., Ltd., Boen Healthcare Co., Ltd., Dana Medical Co., SEIRIN, asia-med GmbH, and AcuMedic Ltd., among others.

Global Acupuncture Needles Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Factors such as the rise in adoption of acupuncture as a treatment for pain relief, the rise in the study on acupuncture points, and the growing prevalence of chronic diseases autoimmune diseases, cancer, diabetes, and many more are fostering the growth of the global market. Furthermore, growing emotional & physical impacts caused by stressful & unhealthy work environments may have numerous opportunities for the growth of the global acupuncture needles market over the forecast period.

Some of the prominent players operating in the global acupuncture needles market are 3B SCIENTIFIC GMBH, Shinylink (Shanghai) Industrial Inc., Suzhou Zhongjing Life & Science Technology Co., Ltd., WUXI JIAJIAN MEDICAL DEVICES CO., LTD., Suzhou Hualun Medical Appliance Co., Ltd., Boen Healthcare Co., Ltd., Dana Medical Co., SEIRIN, asia-med GmbH, and AcuMedic Ltd. among others.

Asia Pacific is anticipated to contribute to a maximum share in the global acupuncture needles market during the forecast period. Factors that are fueling the growth of the market in this region are the growing adoption of acupuncture to relieve discomfort and treat numerous conditions, growing preference for the traditional method of treatment, especially in China & Japan. In addition to this, the rise in the number of acupuncture clinics is also among the factors that are fueling the growth of the market in Asia Pacific region.

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