Global Acupuncture Needles Market Analyzed in New Market Report

Uwagi · 52 Wyświetlenia

Pioneering Precision: The Acupuncture Needles Market is witnessing advancements in design and materials, ensuring safety and efficacy for practitioners and patients alike. Discover the latest innovations shaping traditional healing practices.

The global size of Acupuncture Needles Market in terms of revenue was estimated to be worth $240 million in 2022 and is poised to reach $308 million by 2027, growing at a CAGR of 5.1% from 2022 to 2027. The research study consists of an industry trend analysis, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.

The growing number of injuries and surgeries and rising prevalence of musculoskeletal pain are the major factors driving the market’s growth.

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The key players of this market are:

Driver: Increasing prevalence of back, muscle, and neck pain

The research suggests that acupuncture may be an effective way for the treatment of chronic low back pain. According to western practitioners the acupuncture points are the places to stimulate nerves, muscles, and connective tissue. It is believed that this stimulation boosts the body's natural painkillers. According to Practical Pain Management, it is estimated that up to 80% of the US population will experience back pain at some point in their lives. The treatment of low back pain (LBP), in particular, runs at least USD 50 billion in US healthcare costs each year. According to the WHO (July 2022), approximately 1.71 million people have musculoskeletal conditions worldwide.

Restraint: Alternative methods and medicines

In several cases, instead of needles, alternative methods for stimulation are used over the acupuncture points. These include heat (moxibustion), pressure (acupressure), friction, suction (cupping), and impulses of electromagnetic energy, among others. Non-steroidal anti-inflammatory drugs (NSAIDs) are among the most commonly used drugs and have a wide range of uses in muscle and back pain. The use of alternative methods and medications (such as NSAIDs) to reduce or relieve headaches, sore muscles, arthritis, and other aches and pains is a key factor restraining the growth of the market.

Opportunity: Use of acupuncture in rehabilitation of COPD patients

Acupuncture is potential in preventing, treating, and rehabilitation of COPD patients. The acupuncture may help relieve COPD by reducing bronchial immune-mediated inflammation and by promoting the release of vascular and immunomodulatory factors. Acupuncture is a component of Traditional Chinese Medicine (TCM), which is commonly used to treat respiratory illnesses. Findings such as the potential of acupuncture in the rehabilitation of COPD patients are resulting in the potential for profit for businesses in the acupuncture needles sector.

Challenge: Issues related to acupuncture standardization

Due to the unique features of acupuncture treatment based on syndrome differentiation, there are various disagreements or even problems that are misunderstood in the acupuncture and moxibustion sector. These factors are slowing down the development of standardization in these fields. A survey showed that 36.1% of participants thought that standardizing acupuncture and moxibustion would restrict the characteristics of treatments based on syndrome distinction and customized care.

The market is moderately consolidated. The top players—Seirin Corporation (Japan), Suzhou Hualun Medical Appliance Co., Ltd. (China), Boen Healthcare Co., Ltd. (China), Wuxi Jiajian Medical Instruments Co., Ltd. (China)-in the market accounted for a combined majority market share in 2021.

Disposable segment accounted for the largest share of the acupuncture needles industry, by type

Based on type, the acupuncture needles market is segmented into disposable and non-disposable needles. Disposable needles accounted for a larger share of the market. The use of disposable needles will decrease the risk of transmission of diseases.

Stainless-steel segment accounted for the largest share in the acupuncture needles industry, by portability

Based on handle material, the acupuncture needles market is segmented into stainless steel, gold, silver, plastic, and copper. The stainless-steel handle needles segment is accounted for the largest share during the forecast period owing to the lesser price of stainless steel and these are easily available.

Clinics segment accounted for the largest share in the acupuncture needles industry, by end user

Based on end user, the acupuncture needles market is segmented into hospitals and clinics. The clinics segment dominated the market. The rising number of private acupuncture clinics worldwide is the key factor driving the growth of this market segment.

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Online pharmacies segment accounted for the largest share in the acupuncture needles industry, by distribution channel

Based on distribution channel, the acupuncture needles market has been segmented into hospital, retail, and online pharmacies. The online pharmacies segment accounted for the largest share of 49.0% of the market. This can be attributed to factors such as the easy accessibility to a wide range of products in online pharmacies.

Asia Pacific is the largest region for acupuncture needles industry.

The global acupuncture needles market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. The Asia Pacific accounted for the largest share of the market, followed by Europe. The active number of local and global companies has grown in the Asia Pacific in recent years is the major the factor that will drive the market.

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