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18-May-2023

Acupuncture Needles Market 2023: To Experience Expeditious Growth, 8.2% CAGR by 2026

The global acupuncture needles market size was valued at $95.8 million in 2018 and is expected to reach $177 million by 2026, registering a CAGR of 8.2% from 2019 to 2026, in terms of value. Acupuncture is a method of treatment that includes interleaving thin needles over an individual’s skin at specific points on the body, to various depths. Acupuncture can help to relieve pain and is used for a wide range of other complaints such as neck pain, osteoarthritis, headache & migraine, and others.

According to the “Acupuncture Needles Market: Global Opportunity Analysis and Industry Forecast, 2018-2026”, report published by the Allied Market Research, the study presents impending revenue forecast of the industry for the next few years coupled with imminent market trends and opportunities. Moreover, the study also doles out different logical tables and graphs to identify the complexities of the market. A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/request-sample/3343

𝐏𝐫𝐢𝐦𝐞 𝐝𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐚𝐧𝐭𝐬 𝐨𝐟 𝐠𝐫𝐨𝐰𝐭𝐡

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. However, increase in infections caused by usage of reusable needles and availability of alternative hinder the market growth. On the other hand, significant increase in adoption due to fewer side effects in comparison to medications and reduced dependency on medications present new opportunities in the industry.

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.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/checkout-final/64080c4323897699b8f2a24d86a853a6

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.

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐚𝐭 𝐭𝐡𝐞 𝐟𝐚𝐬𝐭𝐞𝐬𝐭 𝐫𝐚𝐭𝐞

Based on region, North America is estimated to grow at the fastest CAGR of 9.1% from 2019 to 2026, owing to surge in awareness regarding acupuncture treatments and opioid crisis. On the other hand, Asia-Pacific accounted for the largest share in terms of revenue, contributing to more than half of the global acupuncture needles market in 2018, and is expected to maintain its lead status by 2026. This is due to acupuncture being a traditional treatment method for pain management in this region.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐚𝐭: 𝐡𝐭𝐭𝐩𝐬://𝐰𝐰𝐰.𝐚𝐥𝐥𝐢𝐞𝐝𝐦𝐚𝐫𝐤𝐞𝐭𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡.𝐜𝐨𝐦/𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞-𝐞𝐧𝐪𝐮𝐢𝐫𝐲/𝟑𝟑𝟒𝟑

𝐀𝐜𝐮𝐩𝐮𝐧𝐜𝐭𝐮𝐫𝐞 𝐍𝐞𝐞𝐝𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 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.
Asia Med GMbH
Cogmedix, Inc.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐜𝐮𝐩𝐮𝐧𝐜𝐭𝐮𝐫𝐞 𝐍𝐞𝐞𝐝𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 :

The disposable needle segment accounted for the highest market share of 98% in 2018 and is anticipated to grow at the fastest rate during the forecast period.

Asia-Pacific was the major shareholder and accounted for the highest share of 48% in 2018.

Stainless steel segment is expected to grow at a CAGR of 8.2% during the forecast period.

The hospital segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Gene Synthesis Market: https://www.alliedmarketresearch.com/gene-synthesis-market-A39015

Mobile Tomography Market: https://www.alliedmarketresearch.com/mobile-tomography-market-A31901

Plasma Fractionation Market: https://www.alliedmarketresearch.com/plasma-fractionation-market

Influenza Vaccine Market: https://www.alliedmarketresearch.com/influenza-vaccines-market

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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Last Updated: 18-May-2023