Acupuncture Needles Market Analysis and Global Forecast 2024-2034

Acupuncture Needles Market Analysis Overview

The Acupuncture Needles Market Analysis size accounted for USD 0.21 Billion in 2023 and is estimated to account for 0.32 Billion in 2024. The Market is expected to reach USD 1.47 Billion by 2034 growing at a compound annual growth rate (CAGR) of 5.12% from 2024 to 2034. 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.

Global Acupuncture Needles Market Analysis Synopsis

Acupuncture Needles Market Analysis Dynamics

The major factors that have impacted the growth of Acupuncture Needles Market Analysis are as follows:

Drivers:

Ø  Growing Popularity of Traditional Chinese Medicine (TCM)

Acupuncture is one of the core practices in TCM, which has gained global recognition. As more people seek alternative and holistic treatments, the demand for acupuncture and its associated products, including needles, has surged. Due to concerns over opioid addiction and the side effects of pharmaceutical drugs, many patients are opting for non-pharmaceutical treatments like acupuncture, which helps manage pain and other health issues without the use of medication. A shift toward preventive healthcare and wellness is encouraging people to seek acupuncture for general well-being, stress relief, and preventive care, which is driving demand for acupuncture needles.

Restraint:

• Perception of High Costs and Time Commitment of Acupuncture Treatment

Acupuncture treatments are often considered an ongoing therapy, requiring multiple sessions over time. The cumulative cost of treatment can be high, especially in regions where acupuncture is not covered by insurance. Additionally, the time commitment required for regular treatments may discourage patients, impacting the demand for needles. Acupuncture faces competition from other pain management and therapeutic treatments, including chiropractic care, physiotherapy, and pharmaceutical treatments. Advances in non-invasive therapies and drugs can divert patients from opting for acupuncture, reducing the demand for acupuncture needles.

Opportunity:

⮚     Growing Integration into Mainstream Healthcare

As more scientific studies highlight the benefits of acupuncture for pain management, stress reduction, and treatment of chronic conditions, there is an opportunity to integrate acupuncture into mainstream healthcare systems. Hospitals, rehabilitation centers, and wellness clinics can adopt acupuncture more widely, increasing demand for acupuncture needles. The rising trend of cosmetic acupuncture for skin rejuvenation, anti-aging, and facial aesthetics presents a promising growth avenue. As acupuncture becomes more widely accepted in the beauty and wellness industries, the demand for specialized needles for cosmetic purposes is expected to increase.

Acupuncture Needles Market Analysis Segment Overview

By Type

Based on Type, the market is segmented based on Disposable Needles and Non-Disposable Needles. The Disposable Needles segment dominant the market. Disposable needles offer sanitary advantages over reusable needles. As disposables needles are recommended to avoid cross-contamination. The expansion of this market is being propelled by patients’ and healthcare professionals’ growing knowledge of infection control procedures. Advances in manufacturing technology have led to an expansion of the market for disposable acupuncture needles. These developments have improved needle quality and reduced production costs, making them more affordable for a wider variety of practitioners worldwide.

By Material

Based on Material, the market segment has been divided into Stainless Steel, Gold and Silver. The Stainless steel segment dominant the market. Stainless steel needles are highly favored for their durability, resistance to bending, and ease of sterilization, making them suitable for multiple uses. These needles provide a cost-effective solution for practitioners due to their longevity and minimal risk of allergic reactions compared to other materials.

By End User

Based on End User, the market segment has been divided into Clinics, Hospitals and Others. The Hospitals segment dominant the market. Hospitals with the increasing integration of acupuncture into conventional medical treatments and the growing recognition of its benefits in pain management and therapeutic Application are contributing to the market growth. The increasing demand for acupuncture needles in hospitals has increased, reflecting an expanding base of practitioners and patients seeking these treatments within a clinical setting across the globe.

Global Acupuncture Needles Market Analysis Regional Analysis

Based on region, the global Acupuncture Needles Market Analysis has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. North America is projected to dominate the use of the Acupuncture Needles Market Analysis followed by the Asia-Pacific and Europe regions.

Global Acupuncture Needles North America Market

North America holds a dominant position in the Acupuncture Needles Market Analysis. 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.

Global Acupuncture Needles Asia-Pacific Market

The Asia-Pacific region has indeed emerged as the fastest-growing market for the Acupuncture Needles Market Analysis industry. 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.

Competitive Landscape

The global Acupuncture Needles Market Analysis is highly competitive, with numerous players offering a wide range of software solutions. The competitive landscape is characterized by the presence of established companies, as well as emerging startups and niche players. To increase their market position and attract a wide consumer base, the businesses are employing various strategies, such as product launches, and strategic alliances.

Prominent Players:

• 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
• Coghlin Companies

Key Development

In February 2024, Suzhou Zhongjing Life & Science Technology Co. Ltd. established a partnership with a prominent distributor, a strategic move intended to broaden the company’s presence within the European market.

In May 2023, 3B Scientific GmbH introduced a new series of acupuncture needles, specifically designed to offer enhanced biocompatibility. This innovation aims to cater to acupuncturists who prioritize patient comfort in their practices.

Scope of the Report

Global Acupuncture Needles Market Analysis, by Type

• Disposable Needles
• Non-Disposable Needles

Global Acupuncture Needles Market Analysis, by Material

• Stainless Steel
• Gold
• Silver

Global Acupuncture Needles Market Analysis, by End User

• Clinics
• Hospitals
• Others

Global Acupuncture Needles Market Analysis, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Benelux
  • Nordic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • Indonesia
  • Austalia
  • Malaysia
  • India
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of Middle East & Africa

 

Parameters	Indicators
Market Size	2034: USD 1.47 Billion
CAGR (2024-2034)	5.12%
Base year	2022
Forecast Period	2024-2034
Historical Data	2021 (2017 to 2020 On Demand)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Key Segmentations	Type, Material, End User
Geographies Covered	North America, Europe, Asia-Pacific, South America, Middle East, Africa
Key Vendors	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.
Key Market Opportunities	·       Growing Integration into Mainstream Healthcare
Key Market Drivers	·       Growing Popularity of Traditional Chinese Medicine (TCM) ·       Increased Focus on Non-Pharmaceutical Treatments

 

REPORT CONTENT BRIEF:

• High-level analysis of the current and future Acupuncture Needles Market Analysis trends and opportunities
• Detailed analysis of current market drivers, restraining factors, and opportunities in the future
• Acupuncture Needles Market Analysis historical market size for the year 2021, and forecast from 2023 to 2033
• Acupuncture Needles Market Analysis share analysis at each product level
• Competitor analysis with detailed insight into its product segment, Government & Defense strength, and strategies adopted.
• Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations, and partnerships as well as funding taken and investment done, among others.
• To identify and understand the various factors involved in the global Acupuncture Needles Market Analysis affected by the pandemic
• To provide a detailed insight into the major companies operating in the market. The profiling will include the Government & Defense health of the company’s past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.