Market Size in 2021 | Market Forecast in 2028 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 3,281.70 million | USD 4,372.72 million | CAGR at 4.90% | 2021 |
FrequentlyAsked Questions
With the shift in the type of working pattern, people today have adapted to a very unhealthy lifestyle which is the main cause of all health problems. Back pain, headache, insomnia, body aches, alcoholism, obesity, and menstrual problems among women are major problems caused by disturbed living habits. Acupuncture has shown positive and lasting effects in treating all these problems when combined with other forms of exercise such as yoga, running, walking, and meditation. This has escalated the acupuncture needles market by a large amount, adding to the monetary gains.
According to the report, the global acupuncture needles market size was worth 3,281.70 (USD million) in 2021 and is predicted to grow to 4,372.72 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 4.90%.
Asia-Pacific dominated the acupuncture needles market and accounted for a significant revenue share in 2021. The presence of developing countries such as China, India, and Japan are expected to drive market growth in the region. Acupuncture is a traditional Chinese treatment and is 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.
Some of the main competitors dominating the global acupuncture needles market include 3B SCIENTIFIC GMBH, AcuMedic Ltd., Asia-med GmbH, SEIRIN, Dana Medical Co., Suzhou Hualun Medical Appliance Co. Ltd, Shinylinki Shanghaiï Industrial Inc., Boen Healthcare Co. Ltd., WUXI JIAJIAN MEDICAL DEVICES CO. LTD., and Suzhou Zhongjing Life & Science Technology Co., Ltd.
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