Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 96.87 Million | USD 196.4 Million | 8.17% | 2023 |
The global electric acupuncture devices market size was worth around USD 96.87 million in 2023 and is predicted to grow to around USD 196.4 million by 2032 with a compound annual growth rate (CAGR) of roughly 8.17% between 2024 and 2032.
The global electric acupuncture devices market is poised for a significant upsurge as it can heal the smallest to the largest illnesses. Acupuncture has been used for centuries and is believed to promote natural healing and improve overall well-being. Acupuncture is the practice of puncturing the skin with solid, metallic, thin needles which are then activated through gentle and specific movements of the practitioner's hands or with electrical stimulation. The traditional method of Chinese acupuncture is widely substituted by electric acupuncture devices. An electric acupuncture device employs pulsating electrical current to activate acupoints.
Electric acupuncture devices are used for several pain conditions, including back or neck pain, urinary bladder, stomach, gallbladders & uterus, knee pain associated with osteoarthritis, injuries of the muscle, intestine, joints, ligaments, and postoperative pain. The size of the electric acupuncture devices market can rise at a considerable rate as the acceptance of electric acupuncture devices is growing rapidly worldwide. The electric acupuncture device possesses different waves for counteracting depending on disease conditions. The selection of waves for electric acupuncture devices can be dense waves, sparse waves, dense sparse waves, and intermittent and serrated waves.
Increasing awareness and adoption of electric acupuncture devices to propel market growth
The demand in the global acupuncture devices market is growing rapidly as knowledge of acupuncture is spreading and more individuals are embracing it as a viable therapy option. As per the data from the National Health Interview Survey, in the United States, acupuncture increased by 50 percent in the last decade and the recent statistics show that around 6.4 percent of U.S. adults reported they had used acupuncture, and 1.7 percent reported they had used it in the past 12 months. The global electric acupuncture device market is expanding because people have achieved remarkable results.
Some studies state that after receiving electro-acupuncture treatment, one can feel a reduction in knee pain just 24 hours after treatment and this effect lasts as long as four months after treatment. Nowadays individuals work while seated at their laptops, common problems caused by prolonged sitting include back pain, neck and shoulder strain, eyestrain, repetitive strain injuries (RSIs), and more. For these reasons, people regularly seek acupuncture treatment and this is how electric acupuncture's sales are increasing.
Challenges from traditional methods may pose barriers for market players
Certain practitioners and patients may prefer traditional methods, potentially impacting the demand and the size of electric acupuncture devices thus impacting the revenue in the global electric acupuncture devices market. The ancient practice of acupuncture started in China approximately 3000 years ago, where the practitioner uses one needle at each treatment point. It all depends on the individual’s health and the flow of qi (energy) in one’s body. On the other hand, electro-acupuncture uses two needles and a machine delivers an electrical impulse to them.
Even today, a significant number of people continue to embrace and utilize traditional acupuncture methods rather than electric acupuncture. People choose traditional acupuncture for historical and cultural reasons, to value their traditions and ancient roots. Furthermore, many individuals are more considerate of the wholesome experience of traditional acupuncture as they find it effective and relaxing.
Emerging focus on well-being and personal health creating opportunities for market expansion
The global industry for electric acupuncture devices is expected to benefit during the forecast period due to changes in consumer lifestyles and priorities. Post-COVID-19 pandemic, individuals have become increasingly conscientious about their health and well-being. People are turning towards natural products and approaching things that can be resolved without medication. Many times, individuals also view electric acupuncture from a preventive perspective.
National Institutes of Health (NIH) studies have shown that electric acupuncture devices are an effective treatment alone or in combination with conventional therapies to treat nausea caused by surgical anesthesia and cancer chemotherapy, carpal tunnel syndrome, addiction, menstrual cramps, tennis elbow, headaches, myofascial pain, osteoarthritis, dental pain after surgery, low back pain, fibromyalgia, asthma, and others. Electric acupuncture devices offer a non-drug and self-examined treatment option that offers calmness and tension reduction which increases market size.
Safety considerations in electric acupuncture devices challenge market growth
Many individuals often store and utilize electric acupuncture within their homes. This leads to adverse events and safety issues as they will perform acupuncture without any instructor or in the presence of a qualified practitioner affecting the global electric acupuncture devices market. Other than this, the engineering and fabrication of electric acupuncture devices are developed in such a way that they should meet safety standards otherwise; it will maximize the risk of harm to users. If the crafting and production of electric acupuncture devices are not proper there is a high chance that the acupuncture recipient may suffer an electric shock or there can be a short circuit.
An electric acupuncture device passes electrical impulses to the skin, which can cause burns or skin irritation if the intensity of stimulation exceeds safety levels. Additionally, the rapid pace of electric acupuncture innovation in the market often renders newly launched acupunctures obsolete within a short period. Thus, the development and assembly of electric acupuncture can be challenging.
The global electric acupuncture devices market is segmented based on application, end-user, type, direct sales, and region.
Based on application, the global market segments are neurological disorders, psychological illnesses, pain management, gynecological disorders, dermatological conditions, and others. A recent, clinical, pilot study of biweekly states that there is a positive effect on neuropathic pain, where patients who tend to take treatment with electric acupuncture for 4 weeks have demonstrated a reduction in continuous pain from 32.9% to 15.9% and a decrease in the intensity of pain attacks from 59% to 44%. To alleviate pain management, approximately 2 million American adults used acupuncture in 2002 and this number is almost doubled till 2023. In France, one in five people has tried electric acupuncture. Gynecology specialties mainly focus on menstrual and reproductive disorders, the use of electric acupuncture has improved the menstrual health of women over some time, and to a considerable extent, acupuncture can also influence female reproductive functioning. The woman who has been consistently taking acupuncture sessions resulted in a rapid reduction in menstrual pain and eventually stopped pain medications during menstrual cycles.
Based on direct sales, the global electric acupuncture devices market is segmented into distributors & wholesalers, online retailers, pharmacies & drug stores, and others.
Based on end-users, the global market is segmented into hospitals, rehabilitation centers, specialty clinics & and wellness centers, homecare settings, research & and academic institutes, and others. Hospitals use electric acupuncture for holistic treatment options and alternative therapy for non-drug intervention. Adding to this, hospitals are increasingly integrating healthcare programs that merge traditional medical practices with complementary therapies like electric acupuncture.
In rehabilitation centers, an electric acupuncture device plays a vital role in aiding patients' recovery and rehabilitation processes. In various research & and academic institutes, electric acupuncture devices are for various purposes related to scientific inquiry, education, and clinical investigation. Here students from all over the world study the mechanism of electric acupuncture devices and aim for new horizons in acupuncture treatment. According to the World Health Organization, acupuncture is used in 103 out of 129 countries and more research and development in this sector can uplift the market of electric acupuncture devices.
Based on type, the global market is segmented into electro-acupuncture point stimulators, acupuncture disposable needles, and acupuncture non-disposable needles.
Report Attributes | Report Details |
---|---|
Report Name | Electric Acupuncture Devices Market |
Market Size in 2023 | USD 96.87 Million |
Market Forecast in 2032 | USD 196.4 Million |
Growth Rate | CAGR of 8.17% |
Number of Pages | 225 |
Key Companies Covered | Suzhou Hualun Medical Appliance Co. Ltd., Wuxi Biomedical Technology Co. Ltd., Schwa-medico GmbH, Zepter International, Omron Corporation, MKW Lasersystem GmbH, Cymedics GmbH & Co. KG, Ito Co. Ltd., Asia-med GmbH, Wuxi Jiajian Medical Instruments Co. Ltd., and others. |
Segments Covered | By Application, By End-User, By Type, By Direct Sales, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America and Europe to continue dominating the market growth rate dominance
The global electric acupuncture devices market is projected to witness the highest growth in North America majorly in the United States. The market in the US is expected to witness steady growth driven by factors such as the rising adoption of non-invasive treatment options and the growing aging population seeking pain management solutions. Major players in the North American market include ITO, MKW Laser System, Zepter International, and Modern China Medical. In conjunction with North America in the electric acupuncture devices market, Europe has shown notable growth in past years. With the rising adoption of complementary and alternative medicine (CAM), Europe is becoming another significant market for electric acupuncture devices. Key players in the European market include Seirin Corporation, Wuxi Jiajian Medical Instruments Co., Ltd., and Suzhou Medical Appliance Factory.
Asia-Pacific has a high demand for electric acupuncture devices. Countries such as China, India, Japan, and South Korea are dominant regional contributors. China, for instance, is one of the leading producers of affordable electronic consumables including acupuncture machines. It is the world’s largest manufacturing country along with a higher number of domestic consumers. The growing occurrences of health conditions in the Asian population and the high popularity of acupuncture-related treatments will impact the regional market demand.
The global electric acupuncture devices market is led by players like:
By Application
By End-User
By Type
By Direct Sales
FrequentlyAsked Questions
An electric acupuncture device employs pulsating electrical current to activate acupoints.
The key factors that will influence acupuncture devices market growth is increasing awareness and adoption of electric acupuncture devices.
According to study, the global electric acupuncture devices market size was worth around USD 96.87 million in 2023 and is predicted to grow to around USD 196.4 million by 2032.
The CAGR value of electric acupuncture devices market is expected to be around 8.17% during 2024-2032.
North American region will contribute notably towards the electric acupuncture devices market value.
The global electric acupuncture devices market is led by players like Suzhou Hualun Medical Appliance Co., Ltd., Wuxi Biomedical Technology Co., Ltd., Schwa-medico GmbH, Zepter International, Omron Corporation, MKW Lasersystem GmbH, Cymedics GmbH & Co. KG, Ito Co., Ltd., Asia-med GmbH, Wuxi Jiajian Medical Instruments Co., Ltd., and others.
The report explores crucial aspects of the electric acupuncture devices market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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