Theย ๐๐ฅ๐จ๐๐๐ฅ ๐๐๐ฎ๐ฉ๐ฎ๐ง๐๐ญ๐ฎ๐ซ๐ ๐๐๐๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐๐ญย is a growing industry that includes the manufacturing, distribution, and sale of acupuncture needles used in traditional Chinese medicine and other forms of acupuncture.
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.
The growth of the acupuncture needles market is driven by several factors, including increasing awareness and acceptance of acupuncture as a complementary therapy for various health conditions, rising demand for non-invasive and drug-free treatment options, and growing adoption of acupuncture by healthcare providers.
In addition, the increasing prevalence of chronic diseases and pain-related conditions, coupled with a growing geriatric population, is expected to further drive demand for acupuncture and related products, including acupuncture needles.
The market is highly competitive and includes a mix of large, established companies and smaller, niche players. Some of the key players in the acupuncture needles market include Seirin Corporation, Suzhou Tianxie Acupuncture Instruments Co., Ltd., Cloud & Dragon, Asiamed, and Dongbang Acupuncture Inc.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ซ๐๐ช๐ฎ๐๐ฌ๐ญ-๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐๐๐๐
๐๐ซ๐ข๐ฆ๐ ๐๐๐ญ๐๐ซ๐ฆ๐ข๐ง๐๐ง๐ญ๐ฌ ๐จ๐ ๐ ๐ซ๐จ๐ฐ๐ญ๐ก
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.
๐๐ก๐ ๐๐ข๐ฌ๐ฉ๐จ๐ฌ๐๐๐ฅ๐ ๐ง๐๐๐๐ฅ๐๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐๐ ๐ญ๐ก๐ซ๐จ๐ฎ๐ ๐ก๐จ๐ฎ๐ญ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
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.
๐๐ก๐ ๐ก๐จ๐ฌ๐ฉ๐ข๐ญ๐๐ฅ๐ฌ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ข๐ญ๐ฌ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฉ๐จ๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ ๐๐จ๐ซ๐๐๐๐ฌ๐ญ ๐ฉ๐๐ซ๐ข๐จ๐
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.
๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐ญ๐จ ๐ ๐ซ๐จ๐ฐ ๐๐ญ ๐ญ๐ก๐ ๐๐๐ฌ๐ญ๐๐ฌ๐ญ ๐ซ๐๐ญ๐
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.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ญ: ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐ฐ๐ฐ๐ฐ.๐๐ฅ๐ฅ๐ข๐๐๐ฆ๐๐ซ๐ค๐๐ญ๐ซ๐๐ฌ๐๐๐ซ๐๐ก.๐๐จ๐ฆ/๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐-๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ/๐๐๐๐
๐๐๐๐๐ข๐ง๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฎ๐ฉ๐ฎ๐ง๐๐ญ๐ฎ๐ซ๐ ๐๐๐๐๐ฅ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
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.
๐๐ญ๐ก๐๐ซ ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
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