Global Acupuncture Needles Market By Product Type (Non-disposable Needles, and Disposable Needles), By Material (Gold, Silver, and Stainless Steel), By End-use (Clinics, Hospital, and Other End-Uses), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Acupuncture Needles Market Overview:

Global acupuncture needles market was valued at USD 118.81 million in 2021. They are expected to increase at a 7.9% compound annual growth rate between 2023 and 2032.

Market growth is attributed to a global rise in chronic diseases like obesity, diabetes, and other auto-immune diseases. These factors include antimicrobial resistance, excessive alcohol consumption, smoking, and unhealthy lifestyles.

Global Acupuncture Needles Market Scope:

Product Type Analysis

In 2021, disposable needles will hold 54.6% of the market and will see the most growth. This segment’s growth is mainly driven by its many advantages, including the low risk of disease transmission and low cost. A majority of healthcare professionals recommend disposable products because of their safety and ease of availability. This is why there will be significant growth in the disposable product segment over the forecast period.

Over the forecast period, the market for non-disposable needles is expected to experience a moderate growth rate. This product’s material rate is very low due to the high risk of transmitting diseases from one person to another via non-disposable. Non-disposable needles can be widely used in underdeveloped and developing countries due to the lack of knowledge about hygiene and Hospital Acquired Infections.

End-Use Analysis

In 2021, the hospital segment of the acupuncture market accounted for 42.2% of the total revenue. The segment growth is mainly driven by the increasing incidence of diabetic foot ulcers and venous ulcers. The segment growth is also driven by the increasing number of surgical wounds. Segment growth could be accelerated by factors such as acupuncture treatment, which can reduce the pain from SSI wounds.

Over the forecast period, the clinic segment will experience a significant growth rate. The main factors driving the segment’s growth are the increasing number of surgical procedures and clinics. The segment is also driven by the increasing number of cases of surgical wounds.

Material Analysis

In 2021, the stainless-steel segment accounted for 42.4% of the market and was expected to see the most growth in the future. Because of their low cost and availability, stainless steel acupuncture can be used widely. Stainless steel needles are more widely available than other needles.

Due to their many advantages, such as the high thermal conductivity and thermal effect, silver needles will see a moderate rate of growth over the forecast period. It provides faster and better relief for patients than other materials. Due to these advantages, the segment has seen a rise in demand. Segment growth may be impeded by the high price of the product and the limited number of market players that offer this product.

Кеу Маrkеt Ѕеgmеntѕ:

By Product Type

• Non-disposable Needles
• Disposable Needles

By Material

• Gold
• Silver
• Stainless Steel

By End-use

• Clinics
• Hospital
• Other End-Uses

Market Dynamics:

The number of surgeries performed has increased due to the increasing prevalence of chronic diseases. Many surgical wounds are large and deep and can be painful. Acupuncture can provide effective relief for patients in such situations, both mentally and physically. This procedure can also be used to treat post-surgical trauma, which is why the global demand for it is growing. The rising number of surgeries will likely increase the demand for acupuncture procedures, which will drive the growth of the market.

A rising number of diabetes and hypertension are two major reasons for the increased demand for acupuncture. According to the WHO report, around 1.15 billion people had hypertension in 2019. Hypertension is a leading cause. It is estimated that around 100 million people worldwide are affected by diabetes. Long-term diabetes can lead to diabetic leg ulcers, which can be very painful. Acupuncture treatment can help in such cases to reduce pain. It can also lower hypertension and provide mental relief. This will increase the demand for acupuncture needles in the future.

One of the major factors driving the market is the growing geriatric population. Geriatrics are more likely to develop chronic conditions or chronic wounds, which could have a positive impact on the market for acupuncture needles. Because there are few side effects with acupuncture, older people choose this treatment. It also reduces body pain and provides both mental and physical relief.

Regional Analysis:

Asia Pacific was the dominant market for acupuncture needles in 2021, accounting for 43.6% of total revenue. This region will experience the fastest growth rate, 8.2%, over the forecast period. Market growth is expected to be boosted by the presence of developing countries like China, India, and Japan. Acupuncture, a traditional Chinese treatment, is popular in Japan and China. These countries also have a rapidly expanding medical tourism industry. This can be attributed to the increased demand for acupuncture treatments in the region.

The North American market for acupuncture needles will experience a significant growth rate during the forecast period. The rising incidence of hypertension and diabetes is driving the regional market. Patients will also be more likely to seek acupuncture treatment due to the increasing number of surgical procedures.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

Companies are making every effort to market acupuncture across the globe, emphasizing its benefits. According to the JAMA Oncology journal, acupuncture and acupressure can help reduce pain for patients with cancer. Many local players have entered the market for acupuncture needles due to increasing demand. In the U.S., Ora Acupuncture, a brand new acupuncture center, was opened in 2020. The market leader in acupuncture needles is:

Маrkеt Кеу Рlауеrѕ:

• 3B SCIENTIFIC GMB
• AcuMedic Ltd.
• asia-med GmbH
• SEIRIN
• Dana Medical Co.
• Boen Healthcare Co., Ltd.
• Suzhou Hualun Medical Appliance Co., Ltd.
• Wuxi Jiajian Medical Devices Co., Ltd.
• Suzhou Zhongjing Life & Science Technology Co., Ltd.
• Shinylink (Shanghai) Industrial Inc.
• Other Key Players

For the Acupuncture Needles Market research study, the following years have been considered to estimate the market size: