Evolve Business Intelligence has published a research report on the Global Acupuncture Needles Market Analysis, 2024–2034. The global Acupuncture Needles Market Analysis is projected to exhibit a CAGR of around 5.12% during the forecast period of 2024 to 2034.
Evolve Business Intelligence has recognized the following companies as the key players in the global Acupuncture Needles Market Analysis: Seirin, Empecs Medical Co. Ltd., Suzhou Tianxie Acupuncture Instruments Co. Ltd., AcuMedic Ltd., Qingdao Great Fortune Co. Ltd., AIK Medical, 3B Scientific, Lhasa OMS, Asia-Med GMbH and Coghlin Companies.
The Global Acupuncture Needles Market Analysis is projected to be valued at USD 1.47 Billion by 2034, recording a CAGR of around 5.12% during the forecast period. The acupuncture needles market encompasses the production, distribution, and sale of needles specifically designed for use in acupuncture therapy. Acupuncture is an ancient Chinese medical practice that involves inserting thin needles into specific points on the body to stimulate the flow of qi (vital energy).
The acupuncture needles market is expected to continue growing, driven by the increasing popularity of acupuncture and advancements in needle technology. As more research supports the effectiveness of acupuncture, it is likely to become even more widely accepted as a complementary healthcare option.
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Segmental Analysis
The global Acupuncture Needles Market Analysis has been segmented based on Type, Material and End User.
Based on Type, the Acupuncture Needles Market Analysis is segmented into Disposable Needles and Non-Disposable Needles. The Disposable Needles segment is anticipated to dominate the market.
Based on Material, the global Acupuncture Needles Market Analysis has been divided into Stainless Steel, Gold and Silver. The Stainless Steel segment is anticipated to dominate the market.
Based on End User, the global Acupuncture Needles Market Analysis has been divided into Clinics, Hospitals and Others. The Hospitals segment is anticipated to dominate the market.
Regional Analysis
The Acupuncture Needles Market Analysis is divided into five regions: North America, Europe, Asia-Pacific, South America, and the Middle East, & Africa. North America, particularly the United States and Canada, represents a growing market for acupuncture needles due to the increasing acceptance of alternative and complementary medicine and growing awareness of acupuncture’s benefits in pain management, fertility treatments, and stress relief. The increasing acceptance of complementary and alternative medicine (CAM) in these countries has fueled the demand for acupuncture services and, consequently, acupuncture needles. Europe is another important market for acupuncture needles, with countries like Germany, France, and the United Kingdom showing steady growth. The European market is characterized by a diverse range of cultural and regulatory environments, which can influence the adoption of acupuncture. The Asia Pacific region, particularly China and Japan, is the largest and most mature market for acupuncture needles. These countries have a long-standing tradition of acupuncture, and acupuncture is deeply integrated into their healthcare systems. The region’s large population and growing disposable income also contribute to its market dominance. Latin America is an emerging market for acupuncture needles, with growing awareness of alternative therapies in countries like Brazil, Mexico, and Argentina. Increasing adoption of holistic and wellness treatments, particularly for pain management and mental health and growing number of certified acupuncture practitioners. The Middle East and Africa represent a smaller but growing market for acupuncture needles. Countries like the UAE, South Africa, and Saudi Arabia are leading the market in this region due to increasing demand for complementary and alternative medicine. Rising health consciousness and growing interest in natural and holistic treatments and increasing number of wellness centers and alternative medicine clinics in the region.