Acupuncture Needles Market Size and Global Growth, Current Scenario Technology Trends, Comprehensive Analysis and Regional Forecast to 2027
Pune, Maharashtra, India, September 29 2020 (Wiredrelease) Allied Analytics –:Surge in acupuncture adoption for pain management, increase in gynecological disorders, and rise in health complications in aging population drive the growth of the global acupuncture needles market
Acupuncture Needles Market by Type (Disposable Needles and Non-Disposable Needles), Material (Stainless Steel, Gold, and Silver), and End-User (Clinics, Hospitals, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.” According to the report, the global acupuncture needles industry garnered $95.8 million in 2018, and is estimated to reach $177.8 million by 2026, growing at a CAGR of 8.2% from 2019 to 2026
The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Acupuncture Needles market. The report bridges the historical data from 2014 to 2019 and forecasted till 2027, product outline, the organization’s required raw materials, and others growth factors.
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Covid-19 Impact on the Global Acupuncture Needles Market:
Acupuncture Needles Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2019-2026). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.
Acupuncture Needles Market Competitive Analysis:
Leading market players Seirin Corporation, Empecs Medical Co. Ltd., Suzhou Tianxie Acupuncture Instruments Co., Ltd., AcuMedic Ltd., Qingdao Great Fortune Co., Ltd., AcuSupply Inc., 3B Scientific GmbH, Lhasa OMS, Inc., and Asia Med GMbH, Cogmedix Provided in this report. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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Acupuncture Needles Market Segmentation:
The disposable needles segment to continue its dominance throughout the forecast period:
Based on type, the disposable needles segment contributed to nearly 98% of the total share in terms of revenue of the global acupuncture needles market in 2018, and is estimated to continue its dominance throughout the forecast period. Moreover, this segment would grow at the fastest CAGR of 8.2% from 2019 to 2026. This is due to rise in awareness regarding infections and increase in safety concerns. The research also explores the non-disposable needles segment.
The hospitals segment to maintain its dominant position during the forecast period:
Based on end user, the hospitals segment held the highest market share of the global acupuncture needles market, accounting for more than two-thirds of the total market share in 2018, and will maintain its dominant position during the forecast period. This is due to increase in preference for proper treatment. However, the acupuncture clinics segment is expected to register the fastest CAGR of 9.5% from 2019 to 2026. This is attributed to less waiting time required for treatment in clinics.
Acupuncture Needles Market Regional Analysis:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
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