The global acupuncture needles market size is expected to reach USD 187.8 million by 2027, expanding at a CAGR of 8.0%, according to a new report by Grand View Research, Inc. The increase in the adoption of sedentary lifestyles, growing geriatric population, and rising incidence of emotional disorders are the key factors driving the market.
Acupuncture is a traditional healing practice derived from traditional medical practice in China. The treatment involves placing thin needles at specific pressure points of the body. This technique helps in reducing the pain caused due to several conditions such as joint conditions, headache, body pain due to surgeries and chronic disorders, migraines, menstrual cramps, and paralysis. It is also known for treating certain major issues such as emotional disorders, nausea, speech disorders, digestive disorders, respiratory conditions, and insomnia. Acupuncture also helps to get rid of certain harmful addictions such as smoking and alcohol consumption.
The rising cases of emotional disorders and chronic conditions are the major factors boosting the market growth. According to the report published by the National Council for Behavioral Health in 2019, in the U.S. almost half of the population suffers from some kind of mental illness throughout their lifetime. It also reported that around 5.0% of the adults in the country experience mental disorder in any one year, which is almost 43.8 million people in the U.S. As per the National Center for Biotechnology Information (NCBI), acupuncture and energy psychology together work efficiently in the treatment and diagnosis of emotional disorders without causing any severe side-effects. Therefore, such advantages and usefulness of this technique have encouraged many people across the globe, to opt for this technique for the treatment of such emotional conditions. Thus, considerable market growth is anticipated over the forecast period.
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Acupuncture Needles Market Report Highlights
l In terms of revenue, the disposable needles segment held the largest share in 2019. The low risk of transmission of any disease from one person to another is the major factor driving the segment over the forecast period
l The stainless steel segment held the largest market share in 2019 owing to the easy availability of raw materials and low cost
l The hospital segment is anticipated to witness the fastest growth rate over the forecast period owing to the rising complications caused due to chronic disorders
l Asia Pacific is anticipated to witness the fastest growth over the forecast period owing to the rising number of surgeries and the presence of many local key players
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Acupuncture Needles Market Segmentation
Grand View Research has segmented the global acupuncture needles market on the basis of product, material, end-use, and region:
Acupuncture Needles Product Outlook (Revenue, USD Million, 2015 - 2027)
- Disposable
- Non-disposable
Acupuncture Needles Material Outlook (Revenue, USD Million, 2015 - 2027)
- Stainless Steel
- Gold
- Silver
Acupuncture Needles End-use Outlook (Revenue, USD Million, 2015 - 2027)
- Hospital
- Clinics
- Others
Acupuncture Needles Regional Outlook (Revenue, USD Million, 2015 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
List of Key Players of Acupuncture Needles Market
- 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 (Shanghai) Industrial Inc.
Key Topics Covered
Table of Content
Chapter 1 Report Scope
1.1 Market Segmentation and Scope
1.2 Regional Scope
1.3 Estimates and Forecast Timeline
Chapter 2 Research Methodology
2.1 Research Methodology
2.1.1 Information procurement
2.2 Information or Data Analysis
2.3 Market Formulation & Validation
2.4 Region Wise Market Calculation
2.4.1 Region Wise Market: Base Estimates
2.4.2 Global Market: CAGR Calculation
2.5 Region-Based Segment Share Calculation
2.6 Model Details
2.6.1 Commodity Flow Analysis (Model 1)
2.6.2 Volume price analysis (Model 2)
2.7 List of Secondary Sources
Chapter 3 Objectives
3.1 Objective - 1
3.2 Objective - 2
3.3 Objective - 3
3.4 Objective - 4
…. continue
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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