Global Acupuncture Needles Market is Likely to Grow at a CAGR Value of 4.90% By 2028

The global acupuncture needles market size was worth USD 3,281.70 million in 2021 and is estimated to grow to USD 4,372.72 million by 2028, with a compound annual growth rate (CAGR) of around 4.90% during the forecast period. The report analyzes the acupuncture needles market’s drivers, restraints/challenges, and their effect on the demands during the forecast period. In addition, the report explores emerging opportunities in the acupuncture needles market.

Acupuncture is part of traditional Chinese medicine. It is an alternative method in which needles are inserted into specific pressure points in the body to stimulate nerves. It is mainly used to treat body aches, headaches, migraines, joint diseases, postoperative pain, nausea, menstrual cramps, insomnia, speech disorders, and paralysis. It is also used to treat emotional disorders such as anxiety & depression, digestive disorders such as nausea, vomiting, & irritable bowel syndrome, and respiratory conditions such as asthma & sinusitis. It is beneficial in treating alcoholism, easing side effects of chemotherapy, and gynecological disorders such as infertility. The key driving factors for the global acupuncture needles market growth are the rising prevalence of chronic diseases, sedentary lifestyle, obesity, and alcoholism. These illnesses have led to complications such as systemic pain, sleep disturbances, and emotional disturbances.

Furthermore, the increase in health complications in the geriatric population and the prevalence of gynecological disorders due to hectic lifestyles have driven the growth of the global acupuncture needles market. The lack of severe side effects compared to drugs and unpleasant medical procedures drive the demand for acupuncture, causing the acupuncture market to grow further. However, acupuncture treatments require regular monitoring, which is impossible for every patient. In addition, adverse effects such as bleeding, infection, pain from needles, and lack of coverage for acupuncture treatments hinder the market growth. In addition, raising awareness about acupuncture treatment is expected to bring new opportunities to the acupuncture needles market.

The global acupuncture needles market is segregated based on product, material, end-user, and region. By product, the market is divided into disposable needles and non-disposable needles. Among these, in 2021, the disposable needles segment dominated the market. By material, the market is bifurcated into stainless steel, gold, and silver. Over the forecast period, the stainless-steel segment is expected to develop at the fastest rate due to its ease of use and the low cost of widely used stainless steel acupuncture needles. The end user categorizes the market into hospitals, clinics, and others. Among these, the hospital segment is expected to dominate the market during the forecast period.

Asia-Pacific region dominated the global acupuncture needles market and accounted for a significant revenue share in 2021. Developing countries such as China, India, and Japan are expected to drive market growth in the region. Acupuncture is a traditional Chinese treatment widely used in China and Japan. Furthermore, the rapid growth of medical tourism in these countries can also be attributed to the increased demand for acupuncture treatments in this region. In North America, the acupuncture needles market is expected to witness significant growth during the forecast period. The regional market is mainly driven by the increasing prevalence of diabetes and hypertension. In addition, the growing number of surgeries is also expected to increase patients’ need for acupuncture treatment for easing post-surgery discomfort.

Key players in the global acupuncture needles market include 3B SCIENTIFIC GMBH, AcuMedic Ltd., Asia-med GmbH, SIRIN, Dana Medical Co., Suzhou Hualun Medical Appliance Co. Ltd, Shinylinki Shanghaiï Industrial Inc., Boen Healthcare Co. Ltd., WUXI JIA JIAN MEDICAL DEVICES CO. LTD., and Suzhou Zhongjing Life & Science Technology Co., Ltd.

Recent developments:

• In 2020, Alumni of the American College of Traditional Chinese Medicine (ACTCM) offered free acupuncture in France as part of a promotional approach to increase their clientele.
• In 2020, The New Zealand Association of Chinese Medicine and Acupuncture (NZCMAS) partnered with the New Zealand College of Chinese Medicine (NZCCM) to increase the number of qualified acupuncturists in the country.

Browse the full “Global Acupuncture Needles Market By Product (Disposable Needles, and Non-disposable Needles), By Material (Stainless Steel, Gold, and Silver), By End-use (Hospital, Clinics, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/acupuncture-needles-market

Global acupuncture needles market is segmented as follows:

By Product

• Disposable Needles
• Non-disposable Needles

By Material

• Stainless Steel
• Gold
• Silver

By End-use

• Hospital
• Clinics
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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