Global Acupuncture Needles Market Size By Type (Disposable, Non-disposable), By Material Type (Stainless-steel, Gold), By Application Type (Hospitals, Clinics), By Geographic Scope And Forecast
Report ID: 342294|No. of Pages: 202
Global Acupuncture Needles Market Size By Type (Disposable, Non-disposable), By Material Type (Stainless-steel, Gold), By Application Type (Hospitals, Clinics), By Geographic Scope And Forecast
Acupuncture Needles Market Size And Forecast
Acupuncture Needles Market size was valued at USD 227.76 Million by 2021 and is projected to reach USD 357.3 Million in 2030, growing at a CAGR of 5.1% from 2023 to 2030.
The results of the research point to acupuncture as a potential therapy for persistent low back pain. The acupuncture points, according to western practitioners, are the locations to activate connective tissue, muscles, and nerves. This stimulation is thought to increase the body’s natural painkillers. Up to 80% of Americans, per Practical Pain Management, are predicted to have back pain at some time in their life. Each year, the US healthcare system spends at least USD 50 billion on treating low back pain (LBP). Worldwide, 1.71 million people suffer musculoskeletal diseases, according to the WHO. The Global Acupuncture Needles Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=342294
Global Acupuncture Needles Market Definition
The global market for the manufacture and sale of acupuncture needles, which are crucial instruments used in the practise of acupuncture, is referred to as the “Acupuncture Needles Market.” Thin needles are inserted into precise body spots during acupuncture, an ancient Chinese medical practise, to enhance energy flow, relieve pain, and improve general health. A variety of needles made for various acupuncture procedures and patient requirements may be found on the market for acupuncture needles. Acupuncture needles’ main purpose is to make it easier to put them precisely and delicately into the body’s acupuncture sites.
To meet the needs of various treatments, these needles—which are often constructed of stainless steel or other materials—come in a variety of lengths and gauges. In order to balance the flow of energy (Qi) and reestablish the body’s inherent healing capacities, the needles are carefully placed into predetermined spots along the meridian system of the body. The non-invasiveness of acupuncture needles is one of its main benefits. A gentle and organic method of healing, acupuncture offers an alternative to surgery or medication-based therapies. Acupuncture is a safe and well-tolerated therapy for a variety of illnesses because the thin and sterile needles minimize pain and lower the chance of consequences.
Additionally, the exact stimulation that acupuncture needles deliver to acupuncture sites can have a variety of therapeutic benefits. These outcomes include the decrease of pain and stress, the improvement of circulation and immunity, and the promotion of general physical and mental wellbeing. Numerous diseases, such as chronic pain, musculoskeletal ailments, digestive difficulties, respiratory problems, and psychological concerns have all been treated with acupuncture for millennia. To meet a range of demands and tastes, many acupuncture needle kinds are offered on the market. Traditional acupuncture needles often come in a variety of lengths and sizes and are made of stainless steel.
The majority of manual acupuncture procedures employ them. Manufacturers have also developed cutting-edge products in recent years that improve convenience and lower the danger of infection, such as disposable needles. Acupuncture needles that have been specially created for particular techniques or applications are also available. To provide electrical stimulation to the acupuncture sites, electro-acupuncture needles, for instance, contain tiny metal handles attached to cables. To deliver continual stimulation, ultra-thin needles called intradermal needles are partially buried in the skin and remain there for a long time. These differences in needle types provide acupuncturists the ability to adapt treatments to the demands of certain patients.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=342294
Global Acupuncture Needles Market Overview
Several variables that support the market for acupuncture needles are responsible for its development and uptake. The growing acceptability of acupuncture as a supplementary and alternative medicine is one of the main motivators. The demand for acupuncture treatments and related items, such as acupuncture needles, is growing as more people look for non-pharmaceutical and holistic approaches to healthcare. The market for acupuncture needles is driven by this rising popularity of acupuncture. The expanding understanding of acupuncture’s potential advantages is another motivator. Numerous research and anecdotal data point to the effectiveness of acupuncture in reducing stress, enhancing sleep, and treating a wide range of medical ailments.
The demand for acupuncture services grows as a result of the awareness of these advantages by doctors, patients, and insurance, which also increases the need for acupuncture needles. The market is expected to increase as a result of improving healthcare infrastructure and accessibility of acupuncture services. Today, acupuncture is available in a range of healthcare facilities, such as clinics, hospitals, wellness centres, and private practises. The demand for acupuncture needles is fueled by the accessibility of these many locations for acupuncture treatments, as practitioners need a consistent supply of dependable, high-quality needles to suit patient demands. However, these limitations might have an effect on the market for acupuncture needles.
The regulatory environment and standards controlling the production and distribution of acupuncture needles present one important obstacle. Manufacturers may be required to adhere to certain rules and quality standards from various areas and nations. These rules may raise manufacturing costs and put-up obstacles to entry for new market participants, changing the dynamics of the market as a whole. The possible danger of unfavorable outcomes related to acupuncture treatments is another restriction. Although when carried out by skilled practitioners using sterile needles, acupuncture is usually regarded as safe, there is still a need for appropriate training, sanitation, and patient selection to reduce the risk of problems.
Some people may be reluctant due to safety worries and possible negative outcomes, which might have an impact on demand for acupuncture services and, consequently, acupuncture needles. Nevertheless, there are expansion prospects in the market for acupuncture needles. There is a chance to increase market penetration as acupuncture continues to acquire acceptance and acknowledgment in mainstream medicine. Additionally, acupuncture needle quality, safety, and user experience may be enhanced by technical breakthroughs and innovation in needle design and manufacturing methods, which can boost market growth and draw in new practitioners and patients.
Global Acupuncture Needles Market Segmentation Analysis
The Global Acupuncture Needles Market is Segmented on the basis of Type, Material Type, Application Type, And Geography.
Acupuncture Needles Market, By Type
- Disposable
- Non-disposable
Based on Type, the market is Disposable And Non-disposable. Disposable segment holds a significant market share in the 2022. Over the projection period, it is expected to see the quickest increase. The low danger of disease transmission from patient to patient and the product’s inexpensive cost are two of the many benefits that are contributing to the segment’s growth. In addition, owing to accessibility and safety concerns, the majority of healthcare specialists advise using disposable items.
Thus, during the course of the projection year, significant segment expansion is predicted. Over the course of the forecast period, the non-disposable Acupuncture Needles Market is predicted to expand at a modest rate. One of the main negatives of this product’s material rate is the significant potential of disease transfer from patient to patient via non-disposable needles.
Acupuncture Needles Market, By Material Type
- Stainless-steel
- Gold
- Silver
- Plastic
- Copper
Based on Material Type, the market is Stainless-steel, Gold, Silver, Plastic, And Copper. The stainless-steel acupuncture needles are used extensively because they are readily available and inexpensive. In addition, compared to other needles, the majority of the main competitors provide stainless steel needles globally. Due to their numerous benefits, including their efficient thermal impact in warm acupuncture treatments due to their high thermal conductivity, the silver needles are predicted to see a moderate growth rate throughout the projection period. Additionally, compared to other materials, it provides patients with greater and quicker relief. As a result of these benefits, patient demand for silver needles has lately surged, fueling the segment’s expansion.
Acupuncture Needles Market, By Application Type
- Hospitals
- Clinics
Based on Application Type, the market is segmented in Hospitals, Clinics. Hospitals segment dominated the Acupuncture Needles Market with the highest market share in 2022.The primary drivers of sector expansion are the rising incidences of venous leg ulcers and diabetic foot ulcers. Additionally, the segment’s expansion is being fueled by an increase in surgical wound cases brought on by the growing number of operations. Such factors may promote sector expansion during the projection period as acupuncture therapy aids in lessening the pain brought on by SSI wounds.
Over the projected period, the clinic segment is predicted to develop at a significant rate. The primary drivers of the category growth throughout the projection period are the rising number of clinics and surgical operations. Moreover, one of the main drivers propelling the industry is the rise in surgical wound situations.
Acupuncture Needles Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of The World
On the basis of Geography, the Global Acupuncture Needles Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific region accounted for the highest market share in the Acupuncture Needles Market in the year 2022. Over the projected period, the region is anticipated to see the fastest growth rate of 8.4%. It is projected that the presence of growing nations like China, India, and Japan would accelerate market expansion in the area.
Acupuncture is a popular traditional Chinese medicine option in both China and Japan. Also contributing to the rise in demand for acupuncture treatments in this region is the fast-expanding medical tourism business in these nations. The market for acupuncture needles in North America is predicted to expand at a rapid rate during the forecast period. The regional market is primarily being driven by the increase of diabetes and hypertension cases in the area.
Key Players
The “Global Acupuncture Needles Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are 3B SCIENTIFIC GMBH, AcuMedic Ltd., Asia-med GmbH, SEIRIN, Dana Medical Co., Boen Healthcare Co Ltd., Suzhou Hualun Medical Appliance Co Ltd., WUXI JIAJIAN MEDICAL DEVICES CO LTD., Suzhou Zhongjing Life & Science Technology Co Ltd., Shinylink Industrial Inc.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
- In March 2020, Ora Acupuncture, a brand-new acupuncture facility, opened its doors in the United States. Customers can pay $50 to $120 for a 30- or 50-minute rapid acupuncture session from one of Ora’s five acupuncturists who have received traditional Chinese medicine training.
- In May 2020, Lipoid Kosmetik AG launched PhytoCodine , expanding its line of cutaneous messenger peptides. It is the globe’s only anti-wrinkle focus derived from organic matriline-like peptides, and it changes fibroblasts to create parts of the extracellular matrix associated with skin that appears younger.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2023-2030 |
| Historical Period | 2018-2020 |
| UNIT | Value (USD Million) |
| Key Companies Profiled | 3B SCIENTIFIC GMBH, AcuMedic Ltd., Asia-med GmbH, SEIRIN, Dana Medical Co., Boen Healthcare Co Ltd., Suzhou Hualun Medical Appliance Co Ltd |
| Segments Covered | By Type, By Material Type, By Application Type, And By Geography |
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports:
Global AIOps Platform Market Size And Forecast
Global Virtual Reality In Healthcare Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
