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28-Jun-2019

Acupuncture Market value is expected to reach USD 55,323.8 million with a CAGR of 14.50% by 2023

Global Acupuncture Market is expected to reach to a market value of USD 55,323.8 million by 2023 from USD 24,551.6 million in 2017 and is expected to register a CAGR of 14.50% during the forecast period from 2018 to 2023

The global acupuncture market studies the overall dynamics and trends of the market in terms of various segments and regional outlook for the period of 2017 to 2023. The report offers of historic and future market scenario in terms of market value, share and critical developments taking place in the industry. Market size, forecast, trends of each country and region are studied in the report for the focus period of 2017 to 2023.

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Qualitative assessment tools such as PEST analysis, cost structure analysis and regulatory compliance for pharmaceutical products are offered in the report. The report also comprises Pipeline Analysis which helps understand the comprehensive forecast scenario of the market in terms of value and dynamics. The report analyses the recent drug approval trends and market dynamics such as drivers, restrains, and opportunities, industry trends and future outlook in the global acupuncture market.

The report represents key players operating in the market along with its competitive landscape. The competitive landscape includes player positioning analysis, competitive matrix and market share analysis of the key players operating in the industry. The market attractive index highlights the most lucrative regional market to invest in the market.

The market is studied for regions such as North America (U.S., and Canada), Europe (U.K., Germany, France, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America) and Middle East amp; Africa (GCC, South Africa, and Rest of Middle East amp; Africa).

Key Takeaways:

What is the market size in 2017 and the growth rate of the global acupuncture market?

What is the market drivers, restrains, opportunities governing the global acupuncture market?

Which are the largest and the fastest growing segments in the global acupuncture market?

Who are the key players operating in the market and their market position?

What is the pipeline scenario, drug pricing analysis and technological development in the market?

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Acupuncture is a medical practice in which thin needles are placed at specific points in the body. It is a healing process performed by a specialized doctor having in-depth knowledge of pulse diagnosis. The growing prevalence of chronic diseases, secondary lifestyle, gynecological disorders, obesity, and alcohol dependency have led to complications such as insomnia, body pain, and emotional disorders which drive the growth of the global acupuncture market. According to a study published in the Drug and Alcohol Dependence Journal in 2017, more than 100 million adults are living with chronic pain in the Americas. Additionally, factors such as advancements in acupuncture therapy and the growing geriatric population are also promoting the growth of the acupuncture market globally. Moreover, the increasing demand for complementary and alternative medicines and growing funding activities for acupuncture are likely to support the growth of the market during the assessment period.

The global acupuncture market is expected to reach to a market value of USD 55,323.8 million by 2023 from USD 24,551.6 million in 2017 and is expected to register a CAGR of 14.50% during the forecast period from 2018 to 2023. In 2017, the market was led by Europe with a 32.7% share, followed by Asia-Pacific and the Americas with shares of 29.4% and 25.3%, respectively. The market growth of the European region is attributed to the rising acceptance of acupuncture therapy.

The global acupuncture market has been segmented based on product and service, application, end user, and region.
The global acupuncture market, by product and service, has been segmented into services and products.
The global acupuncture market, by application, has been segmented into pain syndrome illness, gynecological disorders, psychological illness, and others.
By end user, the global acupuncture market has been segmented into wellness centers, hospitals and specialty clinics, and research and academic institutes.

Key Players

Seirin Corporation, Kanson, Zepter International, Cymedics GmbH amp; Co. KG, schwa-medico GmbH, MKW Lasersystem GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Asia-med GmbH, Qingdao Great Fortune Co., Ltd, and AcuMedic Ltd.

Study Objectives

To provide a comprehensive analysis of the acupuncture industry and its sub-segments in the global market, thereby providing a detailed structure of the industry
To provide detailed insights into factors driving and restraining the growth of the global acupuncture market
To estimate the market size of acupuncture from 2015 to 2023 for different regions. Wherein, 2015 to 2016 would be the historic period, 2017 shall be the base year, and 2018 to 2023 will be the forecast period for the study
To analyze the global acupuncture market, on the basis of four main geographies, namely, the Americas, Europe, Asia-Pacific, and the Middle East and Africa
To compare the products with respect to various players in the market
To provide country-wise market value analysis for various segments of the acupuncture market
To provide strategic profiling of key companies (manufacturers and distributors) present across the globe, and comprehensively analyze their competitiveness/competitive landscape in this market
To provide distribution chain analysis/value chain for the acupuncture market

Target Audience

Medical Device Manufacturers
Medical Device Suppliers and Distributors
Government Research Institutes
Academic Institutes and Universities

Key Findings

The global acupuncture market is expected to reach USD 55,323.8 million by 2023 from USD 24,551.6 million in 2017 and is expected to register a CAGR of 14.50% during the forecast period from 2018 to 2023
On the basis of product and service, the services segment accounted for the largest market share and is projected to register a CAGR of 14.26% in 2023
Based on application, the pain syndrome illness segment accounted for the largest market share and is anticipated to register a CAGR of 14.04% by the year 2023
Based on end user, the wellness center segment held the largest market share of 44.6% in 2017 and is projected to register a CAGR of 14.32% during the forecast period
Europe is expected to hold the largest share of the global acupuncture market at a CAGR of 13.53% in 2023
The Americas is the fastest growing market, which is expected to register a CAGR of 14.94% by 2023

Regional Analysis

Americas
North America
US
Canada
Latin America

Europe

Germany
France
UK
Italy
Spain
Rest of Europe

Asia-Pacific

Japan
China
India
Australia
South Korea
Rest of Asia-Pacific

Middle East amp; Africa

Middle East
Africa

Few Significant from Table Of Contents

Global Acupuncture Market- Global Forecast 2023

1 Report Prologue

2 Executive Summary

3 Market Introduction
3.1 Definition
3.2 Scope of the Study
3.3 Assumptions amp; Limitations
3.3.1 Assumptions
3.3.2 Limitations
3.4 Market Structure

4 Research Methodology
4.1 Research Process
4.2 Primary Research
4.3 Secondary Research
4.4 Market Size Estimation
4.5 Forecast Model

5 Market Dynamics
5.1 Introduction
5.2 Drivers
5.2.1 Rising prevalence of chronic pain and gynecological disorders
5.2.2 Advancements in acupuncture therapy
5.2.3 Growing geriatric population
5.3 Restraints
5.3.1 Side-effects associated with acupuncture treatment
5.3.2 Lack of approved clinical support
5.4 Opportunities
5.4.1 Improvement in funding scenario

6 Market Factor Analysis
6.1 Supply Chain Analysis
6.1.1 Ramp;D
6.1.2 Parts Manufacturing
6.1.3 Distribution
6.1.4 Marketing amp; Sales
6.1.5 Post-Sales Monitoring
6.2 Porterrsquo;s Five Forces Analysis
6.2.1 Bargaining Power of Suppliers
6.2.2 Bargaining Power of Buyers
6.2.3 Threat of New Entrants
6.2.4 Threat of Substitutes
6.2.5 Intensity of Rivalry

7 Global Acupuncture Market, By Product amp; Services
7.1 Overview
7.1.1 Introduction
7.1.2 Services
7.1.3 Product

8 Global Acupuncture Market, By Application
8.1 Overview
8.1.1 Introduction
8.1.2 Pain syndrome illnesses
8.1.3 Gynecological Disorders
8.1.4 Psychological illnesses
8.1.5 Other

9 Global Acupuncture Market, By End-User
9.1 Overview
9.1.1 Introduction
9.1.2 Wellness Centre
9.1.3 Hospitals amp; Speciality Clinics
9.1.4 Research amp; Academic Institutes

10 Global Acupuncture Market, By Region
10.1 Introduction
10.2 Europe
10.2.1 Western Europe
10.2.1.1 Germany
10.2.1.2 U. K.
10.2.1.3 France
10.2.1.4 Italy
10.2.1.5 Spain
10.2.1.6 Rest of Western Europe
10.2.2 Eastern Europe
10.3 Asia Pacific
10.3.1 Japan
10.3.2 China
10.3.3 India
10.3.4 Republic of Korea
10.3.5 Australia
10.3.6 Rest of Asia Pacific
10.4 Americas
10.4.1 North America
10.4.1.1 U.S.
10.4.1.2 Canada
10.4.2 South America
10.5 The Middle East and Africa
10.5.1 Middle East
10.5.2 Africa

11 Competitive Landscape
11.1 Company Market Share Analysis
11.2 Competitive Landscape

12 Company Profiles
12.1 SEIRIN Corporation
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products Offering
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.1.6 Key Strategy
12.2 Kanson
12.2.1 Company Overview
12.2.2 Key Developments
12.2.3 SWOT Analysis
12.2.4 Key Strategy
12.3 Zepter International
12.3.1 Company Overview
12.3.2 Financial Overview
12.3.3 Products Offering
12.3.4 Key Developments
12.3.5 Key Strategy
12.3.6 Key Strategy
12.4 Cymedics GmbH amp; Co. KG
12.4.1 Company Overview
12.4.2 Financial Overview
12.4.3 Products Offering
12.4.4 Key Developments
12.4.5 SWOT Analysis
12.4.6 Key Strategy
12.5 schwa-medico GmbH
12.5.1 Company Overview
12.5.2 Products Offering
12.5.3 Key Developments
12.5.4 Key Strategy
12.6 MKW Lasersystem GmbH
12.6.1 Company Overview
12.6.2 Financial Overview
12.6.3 Products Offering
12.6.4 Key Developments
12.6.5 SWOT Analysis
12.6.6 Key Strategy
12.7 Wuxi Jiajian Medical Instruments Co., Ltd
12.7.1 Company Overview
12.7.2 Financial Overview
12.7.3 Products Offering
12.7.4 SWOT Analysis
12.7.5 Key Strategy
12.8 3B Scientific GmbH
12.8.1 Company Overview
12.8.2 Financial Overview
12.8.3 Products Offering
12.8.4 Key Developments
12.8.5 SWOT Analysis
12.8.6 Key Strategy
12.9 asia-med GmbH
12.9.1 Company Overview
12.9.2 Products Offering
12.9.3 Key Developments
12.9.4 SWOT Analysis
12.9.5 Key Strategy
12.1 Qingdao Great Fortune Co., Ltd.
12.10.1 Company Overview
12.10.2 Financial Overview
12.10.3 Products Offering
12.10.4 Key Developments
12.10.5 .SWOT Analysis
12.10.6 Key Strategy
12.11 AcuMedic Ltd.
12.11.1 Company Overview
12.11.2 Financial Overview
12.11.3 Products Offering
12.11.4 Key Developments
12.11.5 SWOT Analysis
12.11.6 Key Strategy

13 Appendix
13.1 Discussion Blue Print

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Last Updated: 28-Jun-2019