According to a new report published by Allied Market Research, titled, “Acupuncture Needles Market: Global Opportunity Analysis and Industry Forecast, 2019-2026” The global acupuncture needles market size was valued at $95.80 million in 2018 and is expected to reach $177.79 million by 2026, registering a CAGR of 8.2% from 2019 to 2026. Acupuncture is a component of traditional Chinese medicine. It is an alternative medicine wherein needles are inserted at specific pressure points in the body to stimulate the nerves. It is mostly used to treat body pain, headache, migraines, joint conditions, post-operative pain, nausea, menstrual cramps, insomnia, speech disorders, and paralysis.
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Surge in prevalence of chronic diseases, rise in adoption of sedentary lifestyle, obesity, and alcohol addiction drive the acupuncture needles market growth. These diseases have led to complications such as body pain, sleep disturbances, and emotional disorders. In addition, rise in health complications in geriatric population and prevalence of gynecological disorders due to hectic lifestyles propels growth of the acupuncture needles market. Moreover, no severe side effects compared to medications, reduction in dependency on medications, and unpleasant medical procedures fuel the acupuncture demand, thereby, drives the acupuncture needles market. However, acupuncture treatments require regular follow-ups, which is not possible for all patients. In addition, adverse effects such as bleeding, infection, and pain due to needles and no insurance coverage for acupuncture treatment hampers the market growth. Furthermore, increase in awareness of acupuncture treatment is anticipated to provide new opportunities for the acupuncture needles market.
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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.
๐๐๐ฒ ๐๐๐ง๐๐๐ข๐ญ๐ฌ:
- The acupuncture needles market share and analysis is based on a comprehensive analysis of key developments in the acupuncture needle industry.
- The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the global acupuncture needles market.
- The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
- The global acupuncture needles market trends are studied from 2018 to 2026.
- Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
- Porterโs five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the global acupuncture needles market from 2019 to 2026 is provided to determine the market potential.
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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.
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