Acupuncture market size expected to expand by US$ 16.83 billion between 2023 and 2027, driven by growing elderly population, Technavio

new york, July 12, 2024 /PRNewswire/ — The global acupuncture market size is 16 USDAccording to Technavio, the acupuncture market is projected to reach $830 million from 2023 to 2027. The market is expected to grow at a CAGR of 14.09% during the forecast period. The growing geriatric population is driving the market growth, along with advancements in healthcare facilities. However, side effects associated with acupuncture treatment pose 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., Neo Acupuncture.

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Market Drivers

Healthcare facilities are moving from a supply-based infrastructure to a demand-driven service model due to the rising demand of individuals and their willingness to spend on various stages of treatment. This includes disease diagnosis, hospital-based treatments, and post-treatment care services. The growing demand allows providers to invest in advanced laboratories, patient wards, and medical equipment. This expansion of healthcare services has now included acupuncture, which involves the use of needles for the holistic recovery of medical conditions. Acupuncture includes various methods and equipment for drug-free pain management and improved muscle mobility, fueling its growing demand and growth of the global market.

The acupuncture market is experiencing significant growth due to the growing trend of treating musculoskeletal pain. More than 50 million Americans suffer from back pain every year, and medical costs for musculoskeletal disorders run into billions of dollars. Western practitioners are incorporating acupuncture into their practice, using needles to stimulate nerves, muscles, and connective tissues. Acupuncture is an alternative to painkillers and NSAIDs, relieving pain without side effects. Acupuncture’s popularity is growing due to its effectiveness in treating a variety of conditions, including post-surgical trauma, high blood pressure, diabetes, and diabetic ulcers. Trends include the use of heat, pressure, friction, suction, and electromagnetic energy. Acupuncture centers, hospitals, and clinics are expanding to meet the demand. Interest in lifestyle practices such as yoga, jogging, walking, and meditation are complementary practices. Acupuncture market revenue is projected to grow, providing opportunities for companies and investors. Standardization, syndrome differentiation, and ongoing research are key to ensure quality and effectiveness.

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Market Challenges

• The global acupuncture market may face challenges due to potential side effects of acupuncture. Common side effects include discomfort, bleeding, allergic reactions, skin rash, nausea, dizziness, bruising, and fainting. More serious complications include nerve and blood vessel damage, organ puncture, bleeding, and infection. To minimize the risks, it is important that certified and trained practitioners use sterile, disposable needles. Despite these risks, the market is expected to grow due to the increasing demand for alternative therapies and technological advancements. However, side effects may limit the market expansion during the forecast period.

• The acupuncture market faces several challenges in today’s health-conscious world. Lifestyle concerns such as obesity, high blood pressure, and diabetes are driving the demand for alternative treatments. While yoga, jogging, walking, and meditation are popular, acupuncture centers, hospitals, and clinics are offering more targeted solutions. Surgical procedures and post-operative trauma are driving the need for acupuncture treatments. Market revenue continues to grow due to product and service offerings such as Japanese acupuncture, cupping, Chinese medicine, Korean manual acupuncture, auricular acupuncture, head acupuncture, and non-insertive acupuncture. Syndromic diseases such as endometriosis also pose opportunities. M&A activity among key players such as: 3B SCIENTIFIC GMBH, AcuMedic Ltd, asia-med GmbH are influencing the market. Advances in materials, coatings, and designs for disposable and non-disposable needles (stainless steel, silver) are significant. Diabetic foot ulcers, venous foot ulcers, and purchasing behavior due to injury and surgery are key factors.

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Segment Overview

This Acupuncture market report provides extensive coverage of market segmentation.

1. type

End-user

Geography

• 3.1 Europe

• 3.2 Asia

• 3.3 North America

• 3.4 Rest of the World (ROW)

1.1 Acupuncture – The acupuncture market is experiencing growth due to the rising incidence of chronic diseases such as osteoarthritis, rheumatoid arthritis, fibromyalgia, and other health issues. These diseases are caused by sedentary lifestyle, alcoholism, obesity, and stress. Acupuncture needles are an alternative to allopathic medicines and are used to stimulate nerves by being inserted into various body parts. They are primarily used to treat headaches, physical discomfort, post-operative pain, gastrointestinal disorders, mental disorders, respiratory disorders, chemotherapy, and gynecological disorders. The market is expected to expand as acupuncture has no serious side effects compared to pharmaceuticals, leading to less dependency on drugs and less need for invasive medical procedures. Product innovations such as nanosensor-equipped needles for highly sensitive, portable, and selective detection are also driving the market growth. However, challenges such as regular patient check-ups, potential side effects such as infection and pain, and lack of insurance coverage for acupuncture may hinder the market expansion. Rising awareness of acupuncture and investments by major global companies, rising healthcare expenditure, and strengthening healthcare infrastructure will create opportunities for the global acupuncture needles market.

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Research Analysis

Acupuncture, an ancient Chinese practice, is becoming increasingly popular as a complementary therapy for various lifestyle concerns and health conditions. Yoga, jogging, walking, and meditation are some of the lifestyle practices that can complement acupuncture in promoting overall health. Acupuncture centers, hospitals, and clinics offer acupuncture services for a wide range of conditions, including surgical procedures, post-operative trauma, high blood pressure, diabetes, diabetic ulcers, and syndromic diseases. Japanese acupuncture, cupping, Chinese medicine, Korean manual acupuncture, auricular acupuncture, head acupuncture, and non-insertive acupuncture are the various techniques used in this therapy. Endometriosis, obesity, and other conditions are also treated with acupuncture. The revenue of the global acupuncture market is expected to grow significantly due to the growing demand for non-invasive and holistic healthcare solutions. Wellness centers, specialized clinics, and private acupuncture hospitals are some of the major locations where these services can be obtained.

Market Research Overview

Acupuncture is an ancient Chinese treatment that is becoming increasingly popular among people seeking alternatives to address lifestyle concerns such as stress, insomnia, and anxiety. Practices such as yoga, jogging, walking, and meditation complement acupuncture and promote overall health. Acupuncture centers, hospitals, and clinics offer a variety of acupuncture services, including Japanese acupuncture, cupping, Chinese medicine, Korean manual acupuncture, ear acupuncture, head acupuncture, and non-penetrating acupuncture. Syndromic disorders such as endometriosis, obesity, and post-surgical trauma are also alleviated with acupuncture. The market revenue for acupuncture and related products and services is expected to grow significantly due to rising healthcare costs and the increasing prevalence of chronic diseases such as hypertension, diabetes, and diabetic ulcers. M&A activity in this sector involves companies such as: 3B SCIENTIFIC GMBH, AcuMedic Ltd, asia-med GmbH. Acupuncture uses materials such as 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 injury, surgery, musculoskeletal pain, nerves, muscles, and connective tissues. Western practitioners integrate acupuncture with painkillers such as NSAIDs and standardize syndrome differentiation for effective treatment.

table of contents:

1. Executive Summary
2. Market situation
3. Market size assessment
4. Past market size
Five Forces Analysis
6. Market Segmentation

7 Customer Environment
8. Geographical Landscape
9 Drivers, Challenges and Trends
10. Company Status
11 Company Analysis
12 Appendix

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