Acupuncture Needles Market to hit USD 487.4 million by 2032, says Global Market Insights Inc.
Acupuncture Needles Industry is projected to witness a CAGR of 7.5% during the period 2023-2032. This expansion can be attributed to the increasing number of people suffering from muscular pain.
Selbyville, Delaware, Sept. 10, 2023 (GLOBE NEWSWIRE) —
Acupuncture Needles Market size is expected to be worth USD 487.4 million by 2032. As per the report, the surging adoption of acupuncture in the rehabilitation of patients with COPD will favor industry evolution. Acupuncture can help manage symptoms commonly experienced by COPD patients, such as dyspnea (shortness of breath), coughing, and wheezing.
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The method stimulates specific acupuncture points and may help regulate the respiratory system, relax the bronchial muscles, and improve breathing capacity. It may also help improve energy levels by stimulating specific acupuncture points associated with vitality and overall energy flow, potentially supporting patients in their rehabilitation process.
Silver acupuncture needles demand to grow due to antimicrobial effects
The acupuncture needles market share from the silver segment will expand at a considerable CAGR from 2023 to 2032. The use of silver in acupuncture needles has been gaining popularity due to its antimicrobial properties, which can enhance the efficacy of treatments by reducing the risks of further infections. Additionally, its conductivity helps to transmit electrical signals efficiently between the needle and the body, allowing for improved stimulation of the targeted acupoints.
Sports injuries to dominate the application landscape
The acupuncture needles market size from the sports injuries segment will register notable gains through 2032. Growing occurrence of sports injuries has bolstered the demand for acupuncture needles for managing strains, sprains, and muscle fatigue. Moreover, acupuncture can be used as a rehabilitation support in case of sports injuries. The insertion of needles at appropriate points can stimulate the release of neurotransmitters that promote muscle relaxation, leading to improved flexibility and range of motion.
Clinics to emerge as a prominent end-user
The acupuncture needles market from the clinics segment will amass appreciable gains through 2032. Growing number of clinics offering acupuncture services is contributing to segment expansion. Moreover, the high availability of skilled healthcare practitioners has increased patient footfall in these facilities. They also provide personalized and focused care at an affordable cost, which makes them a preferred healthcare provider amongst low and middle-income groups.
Asia Pacific to dominate the acupuncture needles industry
Asia Pacific acupuncture needles market size will expand substantially through 2032. Growing adoption of acupuncture as a traditional treatment method is supporting regional progress. Moreover, the rising prevalence of sports injuries and muscular pain in the region has further increased the demand for acupuncture needles. The region is also home to key industry players such as Shinylink (Shanghai) Industrial Inc., Suzhou Zhongjing Life & Science Technology Co., Ltd., and others focusing on product innovations.
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Acupuncture Needles Market Players
AcuMedic Ltd., SEIRIN, WUXI JIAJIAN MEDICAL DEVICES CO., LTD., asia-med GmbH, Dana Medical Co., Suzhou Hualun, and Suzhou Zhongjing Life & Science Technology Co., Ltd., among others
Acupuncture Needles Industry News:
- In March 2023, Smart for Life, Inc., a global leader in the health & wellness sector, entered into a distribution agreement, through its subsidiary Ceautamed Worldwide LLC, with Boxout, LLC, a supplier of medical, rehabilitation, products operating under operating under the MeyerDC®, and other brands.
Partial Table of Contents (ToC) of the report:
Chapter 3 Acupuncture Needles Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.3 Industry impact forces
3.3.1 Growth drivers
188.8.131.52 Surge in prevalence of chronic diseases
184.108.40.206 Increasing number of people suffering from muscular pain
220.127.116.11 Growing adoption of acupuncture in rehabilitation of COPD patients
18.104.22.168 Rising awareness regarding alternate therapies among the population base
3.3.2 Industry pitfalls & challenges
.22.214.171.124. Adverse effects related to acupuncture treatment
126.96.36.199 Lack of reimbursement scenario
3.4 Growth potential analysis
3.4.1 By product
3.4.2 By material
3.4.3 By application
3.4.4 By end-use
3.5 COVID- 19 impact analysis
3.6 Regulatory landscape
3.7 Porter’s analysis
3.8 PESTEL analysis
Chapter 4 Competitive landscape
4.2 Company matrix analysis, 2021
4.3 Competitive dashboard
4.4 Company market share, 2021
4.5 Competitive analysis of major market players
4.6 Competitive positioning matrix
4.7 Strategic outlook matrix
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About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
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