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Acupuncture Needles Market Size By Product (Disposable, Reusable), By Material (Stainless Steel, Gold, Silver), By Application (Muscular Pain, Migraine, Sports Injuries, Arthritis), By End-use (Hospitals, Clinics) & Forecast, 2023 – 2032


Published on: 2024-08-01 | No of Pages : 240 | Industry : Healthcare

Publisher : MIR | Format : PDF&Excel

Acupuncture Needles Market Size By Product (Disposable, Reusable), By Material (Stainless Steel, Gold, Silver), By Application (Muscular Pain, Migraine, Sports Injuries, Arthritis), By End-use (Hospitals, Clinics) & Forecast, 2023 – 2032

Acupuncture Needles Market Size

Acupuncture Needles Market size was valued at over USD 238 million in 2022 and is projected to register around 7.5% CAGR between 2023 and 2032 driven by growing adoption of acupuncture in rehabilitation of COPD patients.
 

Acupuncture Needles Market

Acupuncture needles are thin, sterile needles used in the practice of acupuncture, a form of traditional Chinese medicine. These needles are specifically designed for acupuncture procedures and differ from other types of needles, such as hypodermic needles used for injections or blood drawing. Additionally, the high prevalence of chronic diseases such as diabetes is further accelerating market progression. For instance, according to the data provided by the World Health Organization (WHO), in 2021, the prevalence of diabetes has been growing rapidly in low and middle-income countries as compared to high-income countries.
 

Moreover, in 2021, as per statistics provided by the International Diabetes Federation (IDF), about 537 million adults aged between 20-79 years lived with diabetes. Additionally, the high number of type 1 diabetes patients mainly children and adolescents will further propel the market progress since diabetic patients are highly prone to contract complications. In addition, several market players are emphasizing on research and development activities for the development of novel acupuncture needles.
 

COVID-19 Impact

The COVID-19 epidemic has had a favourable effect on the acupuncture needles industry. Throughout the pandemic, there had been a dramatic increase in the number of hospitalized and high-risk patients. Since, severe COVID infections necessitate clinical or hospitalized care, the demand for disposable supplies including gloves, PPE kits, and needles had skyrocketed. Many local players began taking advantage of the fact that key firms' supply chains were being impeded by limitations on freight transportation in order to expand their regional reach.
 

Acupuncture Needles Market Trends

Prominent industry players are continuously focusing on product innovation with integration of advanced technologies. Such developments are aimed towards offering simplified and convenient therapeutic products. Innovations in materials will have a positive impact on acupuncture needles business expansion. Additionally, many local companies have entered the market for acupuncture needles as a result of the rising demand for acupuncture treatments. For instance, Ora Acupuncture, a brand-new acupuncture facility, inaugurated in the United States in March 2020. Thus, such initiatives will lead to high product demand in the near future.
 

Acupuncture Needles Market Analysis

Global Acupuncture Needles Market Size, By Product, 2021 - 2032 (USD Million)

Based on product, the acupuncture needles market is segmented into disposable and reusable. The disposable segment held the largest revenue size over USD 130 million in 2022 and is estimated to exceed USD 270 million by 2032. The upsurge can be attributed to the fact that it is cost-effective and reduces the danger of disease transmission among patients. Due to ease of availability and safety concerns, many healthcare practitioners advise using disposable needles. Moreover, an increase in the availability of products coupled with several other businesses working towards creating innovative technology will support the segment revenue.
 

Global Acupuncture Needles Market Share, By Material, 2022

Based on material, the acupuncture needles market is bifurcated into stainless steel, gold, silver, and others. The stainless-steel segment is anticipated to witness highest CAGR at 7.8% during the forecast period owing to better accuracy. This has been attributed to manufacturers' increased preference for stainless steel, since it's less expensive than gold and silver needles in terms of pricing. Acupuncture treatment quality and safety have also come under scrutiny owing to the recent boom in acupuncture use. The risk of infections spreading has decreased as a result of the use of disposable acupuncture needles. Through the use of clinical trials or in vivo/in vitro studies, recent acupuncture research has mostly concentrated on the effectiveness or mechanisms of acupuncture needles.
 

Acupuncture needles market is bifurcated based on the application including muscular pain, migraine, sports injuries, arthritis, others. The muscular pain segment is anticipated to grow over USD 170 million by 2032. Muscular pain is a common condition for which acupuncture is often sought as a complementary or alternative therapy. Muscular pain can be a significant health concern for many individuals, leading them to explore various treatment options, including acupuncture. Acupuncture needles are a key tool used by acupuncturists to target specific points in the body to alleviate muscular pain. The demand for acupuncture needles may have increased as more people sought acupuncture treatments for their muscular pain.
 

The acupuncture needles market is segmented by end-use into hospitals, clinics, and others. Hospitals segment dominated the global market accounting for more than 44% business share in 2022 and is projected to cross USD 210 million by 2032. This is attributable to growing number of people suffering from chronic diseases across developing countries, rising awareness about acupuncture needles, and increasing prevalence of people suffering from muscular pain. Further, increasing disposable spending in developed nations will contribute considerably towards adoption of acupuncture needles in hospitals thereby leading to segment share.
 

U.S. Acupuncture Needles Market Size, 2020 -2032 (USD Million)

U.S. acupuncture needles market accounted for more than USD 55 million in 2022 and will grow momentously more than USD 110 million by 2032. The affordability of acupuncture needles among the target population base and ongoing technological developments are primarily responsible for the market. Additionally, the region's high healthcare spending on health care management and rising disposable income will propel the expansion of the North America market. Also, the substantial presence of well-established market participants and the favourable regulatory environment result in a number of product approvals and launches, particularly in the U.S.
 

Acupuncture Needles Market Share

Some of the notable key industry players operating in the acupuncture needles market include

  • 3B SCIENTIFIC GMBH
  • AcuMedic Ltd
  • asia-med GmbH
  • SEIRIN
  • Dana Medical Co
  • Boen Healthcare Co Ltd
  • Suzhou Hualun
  • Medical Appliance Co Ltd
  • WUXI JIAJIAN MEDICAL DEVICES CO LTD
  • Suzhou Zhongjing Life & Science Technology Co., Ltd
  • Shinylink (Shanghai) Industrial Inc
  • MeyerDC, 
     

Acupuncture Needles Industry News 

  • In March 2020, Ora Acupuncture, a brand-new acupuncture facility, inaugurated in the United States. This facility launch has resulted in business expansion of the company globally.
     

Acupuncture needles market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments

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By Product (USD Million)

  • Disposable
  • Reusable      

By Material (USD Million)

  • Stainless steel
  • Gold
  • Silver
  • Others

By Application (USD Million)

  • Muscular pain
  • Migraine
  • Sports injuries
  • Arthritis
  • Others

By End-use (USD Million)

  • Hospitals
  • Clinics
  • Others

 

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Poland
    • Switzerland
    • Norway
    • Finland
    • Sweden
    • Denmark
    • The Netherlands
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Taiwan
    • Indonesia
    • Vietnam
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
    • Chile
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE
    • Israel
       

Table of Content

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To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )