As per the study initiated by Evolve Business Intelligence, The global Acupuncture Needles Market size is expected to reach $213.95 Million by 2028 growing at the CAGR of 8.65% from 2021 to 2028. Some of the major factors impacting the overall growth of the Acupuncture Needles market include the growing prevalence of chronic diseases, the rise in health problems among the geriatric population, the increased number of alcohol addiction and obesity and among others. The restraining factor includes Regular follow-ups for the acupuncture treatment, which is not probable for most consumers. The opportunity factor includes Growing awareness among consumers for Acupuncture treatment.
According to Nisha, “the recent COVID scenario is expected to have a positive impact on Acupuncture Needles Market. During the pandemic, most of the people were suffering from health crises, which has increased the demand for the treatment of diseases. Acupuncture treatment is mainly used for the treatment of inflammatory diseases. The demand for Acupuncture treatment has been increased mainly for the treatment of pain, mental health, and other diagnostics. In China, during pandemics, Acupuncture has been used for complementary treatment. Moreover, Acupuncture treatment curbed the inflammation caused by stress, improved immunity, helps to regulate nervous system functions, and among others, which has increased the Acupuncture Needles Market growth during the pandemic.
Seirin is expected to hold the highest market share in Acupuncture Needles
Some of the key players in the Acupuncture Needles market include Seirin, Empecs Medical Co. Ltd., Suzhou Tianxie Acupuncture Instruments Co., Ltd. AcuMedic Ltd, and Others.
The Acupuncture Needles market report includes market revenue generated through the sale of Types such as Disposable Needles and Non-Disposable Needles. The report also includes the analysis of the market based on material types such as Stainless Steel, Gold, and Silver. On the basis of End User segment, the market is segmented as Clinics, Hospitals, and Others.