Global Acupuncture Needles Market to Be Dominated by Disposable Needles Through 2027
Increasing prevalence of
chronic diseases is expected to drive the growth of global acupuncture needles
market during the forecast period, 2023-2027.
According
to TechSci Research report, “Acupuncture
Needles Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, the global acupuncture needles market is anticipated to grow at a steady
rate in the forecast period, 2023-2027. This can be ascribed to the growing
acceptance of acupuncture as an effective pain management solution.
Additionally, the development of acupuncture needles with nano sensors for
physical, chemical, and biological sensing is further expected to support the
market growth during the forecast period. Besides, increasing healthcare
expenditure for the consumers and growing inclination towards alternative
therapies such as acupuncture is expected to create lucrative opportunities for
the market growth in the coming years.
However, lack of regulatory
framework for acupuncture therapies can restrict the market growth. Also, lack
of awareness about the effects of acupuncture needles among the patient and
healthcare providers may hamper the global acupuncture needles market in the
forecast period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on "Acupuncture Needles Market"
The global acupuncture
needles market can be
segmented by product, by material, by application, by end use and by region.
Based on product, the global acupuncture
needles market can be divided into disposable needles and reusable
needles. The disposable needle segment dominated the
market in 2021 and is expected to maintain its dominance throughout the
forecast period. This can be ascribed to the various benefits
associated with disposable needles such as low risk of transmission of diseases
from one patient to another. Additionally, lower costs and easy availability of
disposable needles is further expected to support the segmental growth.
Based on end use, the global acupuncture
needles market can be segmented into hospitals
& clinics, wellness centers, and others. The
hospitals & clinics segment is predicted to dominate the market during the
forecast period. This can be attributed to the growing prevalence of diseases
such as diabetic foot ulcers, venous leg ulcers, among others. The annual
incidence of diabetic foot ulcer worldwide is between 9.1 to 26.1 million.
Around 15-20% of the patients suffering from diabetes have the risk of
developing diabetic foot ulcers.
Major
companies operating in global acupuncture
needles market are:
- Seirin Corporation
- Empecs Medical Co., Ltd.
- Suzhou Tianxie Acupuncture
Instruments Co., Ltd.
- AcuMedic Ltd.
- Qingdao Great Fortune Co.,
Ltd.
- AcuSupply Inc.
- 3B Scientific GmbH
- Dana Medical Co.
- Boen Healthcare Co., Ltd.
- asia-med GmbH
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“The Asia Pacific region is expected to register the highest growth in
the global acupuncture needles market during the forecast period. Acupuncture
is a traditional treatment of China and this treatment is widely availed in
China and Japan. Besides, growing prevalence of diseases in the region
especially in the two of the world’s largest populous countries China and India
is expected to support the market growth through 2027. Besides, increasing
medical tourism in the region is further expected to create lucrative
opportunities for the market growth over the next few years” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Acupuncture Needles Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented By
Product (Disposable
Needles v/s Reusable Needles), By Material
(Stainless Steel, Gold, Silver, Others), By Application (Arthritis, Back
Pain, Neck/Muscle Pain, Headaches & Migraines, Others), By End Use (Hospitals &
Clinics, Wellness Centers, Others) and By Region”, has evaluated the future growth potential of global acupuncture
needles market and provides statistics & information on market size,
structure, and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global acupuncture needles market.
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