The global acupuncture needles market was valued at $95.8 million in 2018 and is expected to reach $177.7 million by 2026, registering a CAGR of 8.2% from 2019 to 2026. Acupuncture needles are used as pain relievers, as they provide muscle relaxation and relieve pain & stress. This energy is circulated through the body via several energy pathways called meridians. Each of these pathways or channels are linked to an internal organ. It is mostly used to treat body pain, headache, migraines, joint conditions, post-operative pain, nausea, menstrual cramps, insomnia, speech disorders, and paralysis.
The adoption of acupuncture needles for pain management has increased over a period. This is attributed to the fact that chronic pain management has become a global health concern, which considerably increases the use of acupuncture needles. Furthermore, a significant increase in the adoption of acupuncture needles in developed economies, such as the U.S., acts as a key driver for the global market. However, due to insertion of needles to a certain depth in human skin, the practice of acupuncture may pose risks to the recipients. Transmission of pathogenic microorganisms is one of the most crucial acupuncture associated complications. Thereby, increased risk of infection transmission poses as a restrain for the market growth. Furthermore, its rise in popularity, particularly in developed nations, can be attributed to its effectiveness against pain relief and the fact that scientific studies have begun to prove its efficacy. Acupuncture treatment is now increasingly used for various conditions in addition to pain management, thereby, creates lucrative opportunities for the market.
The market is segmented on the basis of type, material, end-users, and region. By type, it is bifurcated into disposable needles and non-disposable needles. By material, it is categorized into stainless steel, gold, and silver. By end-users, it is segmented into acupuncture clinics, hospitals, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Product
By Type
By End-User
By Geography
LIST OF KEY PLAYERS PROFILED IN THE REPORT
The adoption of acupuncture needles for pain management has increased over a period. This is attributed to the fact that chronic pain management has become a global health concern, which considerably increases the use of acupuncture needles. Furthermore, a significant increase in the adoption of acupuncture needles in developed economies, such as the U.S., acts as a key driver for the global market. However, due to insertion of needles to a certain depth in human skin, the practice of acupuncture may pose risks to the recipients. Transmission of pathogenic microorganisms is one of the most crucial acupuncture associated complications. Thereby, increased risk of infection transmission poses as a restrain for the market growth. Furthermore, its rise in popularity, particularly in developed nations, can be attributed to its effectiveness against pain relief and the fact that scientific studies have begun to prove its efficacy. Acupuncture treatment is now increasingly used for various conditions in addition to pain management, thereby, creates lucrative opportunities for the market.
The market is segmented on the basis of type, material, end-users, and region. By type, it is bifurcated into disposable needles and non-disposable needles. By material, it is categorized into stainless steel, gold, and silver. By end-users, it is segmented into acupuncture clinics, hospitals, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2018 to 2026, which is expected to enable the stakeholders to capitalize on prevailing market opportunities.
- Comprehensive analysis of all geographical regions is provided to determine the prevailing opportunities.
- Key players are profiled, and their strategies are analyzed thoroughly to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Disposable Needles
- Non-disposable Needles
By Type
- Stainless Steel
- Gold
- Silver
By End-User
- Clinics
- Hospitals
- Others
By Geography
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- 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.
Frequently Asked Questions about the Global Acupuncture Needles Market
What is the estimated value of the Global Acupuncture Needles Market?
What is the growth rate of the Global Acupuncture Needles Market?
What is the forecasted size of the Global Acupuncture Needles Market?
Who are the key companies in the Global Acupuncture Needles Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 165 |
| Published | November 2019 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 95.8 million |
| Forecasted Market Value ( USD | $ 177.7 million |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Acupuncture Needles Market, By Type
Chapter 5: Acupuncture Needles Market, By Material
Chapter 6: Acupuncture Needles Market, By End User
Chapter 7: Acupuncture Needles Market, By Region
Chapter 8: Company Profiles
Executive Summary
According to the report titled, 'Acupuncture Needles Market by Type, Material, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2026', 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. In addition, in 2003, the World Health Organization (WHO) listed a number of conditions in which acupuncture has been proven effective, including high and low blood pressure, chemotherapy-induced nausea and vomiting, some gastric conditions, including peptic ulcer, painful periods, dysentery, allergic rhinitis, facial pain, morning sickness, rheumatoid arthritis, sprains, and tennis elbow. Moreover, acupuncture needles are of smaller diameters than syringes, which makes them less likely to carry bacteria into tissues.
Surge in adoption of sedentary lifestyle, rise in obesity, and alcohol addiction are the major factors that drive the acupuncture needles market growth. In addition, increase in geriatric population across the globe and rise in awareness toward acupuncture treatment propels the acupuncture needles market growth. Moreover, no side effects and reduction in dependency on medications further fuels the acupuncture demand, thereby drives the acupuncture needles market. However, requirement of regular follow-ups adverse effects such as bleeding, infection, and pain due to needles, and no insurance coverage for acupuncture treatment are the factors anticipated to hamper the market growth.
By type, the disposable acupuncture needle segment accounted for 98% of the total market share in 2018, and is expected to exhibit a prominent growth rate in the near future, owing to its increased adoption across the globe for pain management. In addition, disposable acupuncture needle combats the risk of infection transmission.
By material, the stainless-steel segment dominated the acupuncture needles market in 2018, and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in preference for stainless steel by manufacturers as it is cheap, in terms of price, compared to gold and silver needles. North America accounted for the majority of the global acupuncture needles market share in 2018 and is anticipated remain dominant during the forecast period. This is attributed to the urge in use and ease of availability of aesthetic lasers in this region. However, Asia-Pacific is anticipated to grow at the fastest rate during the forecast period, owing to the increased disposable income in developing economies such as India, China, and rise in awareness regarding laser technology.
Key Findings of the Acupuncture Needles Market:
By type, 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.
By region, Asia-Pacific was the major shareholder and accounted for the highest share of 48% in 2018.
By material, stainless steel segment is expected to grow at a CAGR of 8.2% during the forecast period.
By end user, the hospital segment dominated the market in 2018 and is anticipated to maintain its dominance during the forecast period.
Comprehensive competitive analysis and profiles of major market players such as 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, Inc. are provided in this report.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...
