Acupuncture Market Analysis Europe, North America, Asia, Rest of World (ROW) - US, France, Italy, China, Japan - Size and Forecast 2024-2028

Acupuncture Market Size 2024-2028

The acupuncture market size is forecast to increase by USD 19.97 billion at a CAGR of 14.62% between 2023 and 2028.

• The acupuncture market is primarily driven by the increasing geriatric population, which is fueling the demand for effective, non-invasive, and drug-free healthcare services. As people age, they seek alternative treatments to manage pain, improve mobility, and enhance overall wellness. Acupuncture, with its proven benefits, is gaining traction among older adults looking for holistic therapies.
• One key player in the market, 3B Scientific GmbH, specializes in offering innovative acupuncture solutions. Their products, such as the Laser Pen LA-X P500 and Laser Shower Power Twin, are designed to meet the growing need for non-invasive therapies that provide relief from chronic pain and promote health and wellness without the use of medication. These offerings contribute to the market's expansion.

What will be the Size of the Acupuncture Market During the Forecast Period?

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• The market encompasses a holistic healing technique rooted in Traditional Chinese Medicine, gaining increasing recognition in modern healthcare systems. This market caters to various applications, including needle acupuncture, electroacupuncture, auricular acupuncture, and cupping, addressing diverse health concerns such as hypertension and diabetes.
• Acupuncture clinics and practitioners serve a growing patient base, while equipment manufacturers produce innovative tools and physiotherapy equipment to enhance treatment efficacy. The market's sizeable growth is driven by the rising prevalence of chronic diseases, a global shift towards integrative healthcare, and the expanding network of specialty clinics and hospitals offering acupuncture services. Key players in this industry include entities specializing in fragrance development, pharmaceuticals, and cosmetics, highlighting the market's interconnectedness with diverse sectors.
• Overall, the market continues to evolve, offering promising opportunities for innovation and expansion.

How is this Acupuncture Industry segmented and which is the largest segment?

The acupuncture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Type
  • Needle acupuncture
  • Electroacupuncture
  • Auricular acupuncture
  • Cupping
  • Others
• End-user
  • Hospitals and specialty clinics
  • Wellness centers
  • Research and academic institutions
• Geography
  • Europe
    • France
    • Italy
  • North America
    • US
  • Asia
    • China
    • Japan
  • Rest of World (ROW)

By Type Insights

• The needle acupuncture segment is estimated to witness significant growth during the forecast period.

The market is experiencing growth due to the rising prevalence of chronic conditions, such as hypertension and type-2 diabetes, which are driving the demand for alternative therapies. Acupuncture, a holistic healing technique, involves the insertion of sterile and single-use needles into specific body points to stimulate nerves and promote healing. This non-invasive method is increasingly being used to treat various health issues, including headaches, bodily discomfort, post-operative pain, gastrointestinal troubles, mental illnesses, respiratory disorders, chemotherapy, smoking and nicotine addiction, and gynecological problems. Key manufacturers are expanding their production capacities to meet the growing demand for acupuncture needles.

The market is further propelled by the integration of technology, such as electroacupuncture and auricular acupuncture, and the increasing acceptance of acupuncture in mainstream healthcare systems. Despite global inflation and trade tensions, the market is expected to continue growing due to its effectiveness in treating pain syndrome illnesses.

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The Needle acupuncture segment was valued at USD 3.08 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• Europe is estimated to contribute 33% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The European the market is experiencing growth due to the increasing prevalence of health issues such as hypertension and diabetes, an aging population, and rising healthcare expenditures in major European countries like Germany, the UK, Spain, Italy, and France. The region's market expansion is driven by the increasing demand for acupuncture as a holistic healing technique, the incorporation of innovative technologies such as electroacupuncture and auricular acupuncture, and the presence of established healthcare institutions. In Spain, the market is boosted by the high demand for peripheral nerve stimulators (PNS) and the existence of hospitals and clinics. The market is also influenced by global inflation, trade tensions, and the risk of recession, which impact the channel, technology, and pricing strategies of market participants.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of Acupuncture Industry?

Increasing geriatric population is the key driver of the market.

• The aging population trend in Organisation for Economic Cooperation and Development (OECD) countries is leading to a rise in health issues such as neurological illnesses, low back pain, and knee discomfort. According to OECD data, the percentage of older adults In these countries has grown from 9% in 1960 to 17% in 2015, with projections indicating a further increase to 28% by 2050. By 2050, approximately 40% of the population in Japan, Spain, Portugal, Greece, and Korea is expected to be aged over 65 years old.
• Acupuncture, an ancient healing method, is gaining traction in mainstream healthcare systems as a viable treatment option for various conditions. Acupuncture clinics, specialty clinics, and wellness centers are integrating this technique into their offerings.
• Key players in the market are continually innovating, with companies introducing new products and technologies. Companies offer essential oils for acupuncture treatments. Stainless steel, non-disposable needles, and disposable needles are essential components of the acupuncture equipment market. Pain syndrome illnesses are a significant application area for acupuncture.

What are the market trends shaping the Acupuncture Industry?

Advancements in healthcare facilities is the upcoming market trend.

• Acupuncture, a holistic healing technique rooted in Traditional Chinese Medicine, is gaining traction in modern healthcare systems. Hypertension and Diabetes patients increasingly seek acupuncture treatments for pain syndrome illnesses. Market dynamics include the demand-driven shift in healthcare facilities, enabling investment in advanced equipment and facilities. Acupuncture clinics, practitioners, and equipment manufacturers benefit from this trend. Acupuncture encompasses various techniques, including Needle Acupuncture, Electroacupuncture, and Auricular Acupuncture, as well as alternative methods like Cupping. Global inflation and trade tensions pose risks, but the market's growth remains steady.

What challenges does the Acupuncture Industry face during its growth?

Side-effects associated with acupuncture treatment is a key challenge affecting the industry growth.

• Acupuncture, a holistic healing technique originating from Traditional Chinese Medicine, has gained recognition in mainstream healthcare systems for managing various health conditions, including hypertension and diabetes. Acupuncture involves the insertion of needles into specific points on the body to stimulate healing and promote relaxation. Acupuncture's market dynamics include the growing prevalence of pain syndrome illnesses, such as arthritis and fibromyalgia, and the increasing popularity of alternative therapies. However, global inflation and trade tensions pose risks of recession, potentially impacting the market's growth. Acupuncture techniques include needle acupuncture, electroacupuncture, auricular acupuncture, and cupping.
• Needle acupuncture involves the insertion of stainless steel, non-disposable or disposable needles into specific points on the body. Electroacupuncture uses electrical stimulation, while auricular acupuncture focuses on the ears. Cupping involves creating a vacuum on the skin to increase blood flow. Despite its benefits, acupuncture carries risks, including discomfort, bleeding, allergic reactions, skin rashes, nausea, vertigo, bruises, fainting, and infections. To minimize these risks, practitioners must be certified and trained, and use sterile, disposable needles. In rare cases, acupuncture can lead to severe side effects, such as nerve and blood artery injuries, organ punctures, complications from needle breakage or needle fragments, central nervous system or spinal cord injuries, hemorrhages, and other organ and tissue injuries.

Exclusive Customer Landscape

The acupuncture market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the acupuncture market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, acupuncture market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

3B Scientific GmbH - The company specializes in providing acupuncture solutions through innovative products, including the Laser Pen LA-X P500 and Laser Shower Power Twin. These offerings cater to the growing demand for non-invasive, drug-free approaches to pain management and overall wellness.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 3B Scientific GmbH
• AcuMedic Ltd.
• Asia-med GmbH
• Boen Healthcare Co., Ltd.
• Dongbang Medical
• EMPECS Medical Device Co., Ltd.
• Ito Co., Ltd.
• Lhasa OMS, Inc.
• MKW Laser System GmbH
• Pantheon Research, Inc.
• Qingdao Great Fortune Co., Ltd.
• Scarboroughs
• Schwa-medico GmbH
• SEIRIN Corporation
• Suzhou Hualun Medical Appliance Co., Ltd.
• Suzhou Medical Supplies Factory Co., Ltd.
• Zepter International
• Suzhou Zhongjing Life & Science Technology Co., Ltd.
• Wujiang Cloud & Dragon Medical Device Co., Ltd.
• Wuxi Jiajian Medical Instruments Co., Ltd.
• Meridius Medical GmbH.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a holistic healing technique that has gained significant traction in various healthcare systems worldwide. This ancient Chinese practice, which involves the insertion of thin needles into specific points on the body, has been used for centuries to alleviate a wide range of health conditions. Acupuncture's growing popularity can be attributed to its effectiveness in managing various health issues, including hypertension and diabetes. The technique's non-invasive nature, coupled with its minimal side effects, makes it an attractive alternative to mainstream healthcare systems. Equipment manufacturers play a crucial role In the market, supplying practitioners with the necessary tools to deliver effective treatments.

These companies offer a diverse range of products, from stainless steel, non-disposable needles to disposable ones. The choice between these two types depends on various factors, such as cost, sterility concerns, and personal preference. The market is not limited to clinics and hospitals but also includes specialty centers and wellness facilities. These establishments cater to an increasingly health-conscious population seeking alternative methods for managing pain syndrome illnesses and gynecological disorders. Technological advancements have significantly impacted the market, with the introduction of electroacupuncture and auricular acupuncture. Electroacupuncture involves the application of electrical stimulation to acupuncture needles, enhancing the therapeutic effects.

Auricular acupuncture focuses on stimulating specific points on the ear, making it a convenient and effective treatment for various conditions. Despite the market's growth, it faces challenges such as global inflation and trade tensions, which can increase production costs and impact profitability. Additionally, the risk of recession in various economies may lead to decreased demand for non-essential healthcare services, including acupuncture. Channel partnerships and collaborations are essential for companies operating In the market. These alliances enable manufacturers to expand their reach and distribution networks, while practitioners benefit from access to high-quality equipment and training. Industry experts predict that the market will continue to grow, driven by increasing awareness and acceptance of traditional Chinese medicine.

This trend is further fueled by the integration of acupuncture into mainstream healthcare systems and the development of new technologies to enhance treatment efficacy. In conclusion, the market represents a dynamic and evolving industry, driven by the growing demand for alternative healthcare solutions. Equipment manufacturers, practitioners, and healthcare facilities all play essential roles in the market's growth and development. Despite challenges, the future looks promising for this ancient healing technique, with technological advancements and increased acceptance expected to fuel its continued expansion.

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What are the Key Data Covered in this Acupuncture Market Research and Growth Report?

• CAGR of the Acupuncture industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across Europe, North America, Asia, and Rest of World (ROW)
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the acupuncture market growth of industry companies

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