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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Acupuncture Needles Market: By Product Type, By Material Type, By End User and Geography
Acupuncture Needles Market: By Product Type, By Material Type, By End User and Geography
The market size of the acupuncture needles market is valued at US$ 118.6 million in 2022 which is expected to grow at a CAGR of 8.3% over 2022-2029. Acupuncture needles are an alternative to medicines where in needles are injected into various body parts for nerve stimulation. It is mostly used to treat headaches, body pain, post-operative pain, etc. It can be used to treat digestive problems, emotional conditions, respiratory disorders, chemotherapy, and gynecological issues. The growing prevalence of chronic disorders such as the increase in acceptance of sedentary lifestyles, alcohol addiction, and obesity as these diseases can create difficulties such as sleep disturbance, body pain, and emotional problems are the primary factors that can boost the global acupuncture needles market. Apart from this, growing medical complications in geriatric populaces, and frequent gynecological diseases because of hectic life also accelerate the market in the future.
Moreover, no critical side effects as compared to medicines, reduced dependence on medications, and complicated medical surgeries which increase the acupuncture demand can drive market growth. Numerous innovations in products such as nano-sensor-loaded needles for chemical, physical, and biological sensing can propel market growth as they provide sensitive, portable, and specific detection. However, some factors such as regular check-ups for all patients, side effects such as infection, and pain, and no insurance attention for acupuncture treatment can restrain the growth of the market. Moreover, increasing awareness about acupuncture treatment is a lucrative opportunity for the global market. Apart from this, the increase in investments by global key companies, growing healthcare outflow, and enhanced healthcare infrastructures have created an opportunity for the growth of the global acupuncture needles market.
In March 2020, a new center for acupuncture, Ora Acupuncture was inaugurated in the United States.
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
Asia PacificFastest Growing Market
North America
One of the major reasons for the growth of the global acupuncture needles market is the high prevalence of chronic diseases such as diabetes, obesity, and hypertension. Moreover, the increase in the number of diseases has increased the number of surgeries to be performed. Most of them are relatively large in size and deep and also sore. In such conditions, acupuncture provides immediate relief to the patients both physically and mentally. It is used to remove post-surgical trauma because of which its demand is increasing rapidly. However, injection of needles to a certain depth of the skin can increase the risk of entry of a pathogen which can create complications. This rising risk of transmission can hinder the growth of the market.
The Asia Pacific is dominating the global acupuncture needles market, due to the presence of key players in China, and Japan. Acupuncture is a traditional way of treatment in China. Moreover, the increase in medical tourism in this region is also attributed to the growth of the market. In addition, North America can experience a high growth rate during the forecast years. The high prevalence of diabetics and hypertension. The growing surgical process in the region has the potential to increase the demand for the acupuncture needles market in these regions.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 118.6 million |
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Market CAGR |
8.3% |
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By Product Type |
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By Material Type |
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By End User |
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The acupuncture needles market is projected to expand at a CAGR of 8.3% during the forecast period
3B SCIENTIFIC GMBH, AcuMedic Ltd. , asia-med GmbH, SEIRIN, Dana Medical Co., Boen Healthcare Co., Ltd.
North America is the fastest-growing region for acupuncture needles market
| 1. Executive Summary |
| 2. Global Acupuncture Needle Market Introduction |
| 2.1. Global Acupuncture Needle Market - Taxonomy |
| 2.2. Global Acupuncture Needle Market - Definitions |
| 2.2.1. Product Type |
| 2.2.2. Material Type |
| 2.2.3. End User |
| 2.2.4. By Region |
| 3. Global Acupuncture Needle Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Acupuncture Needle Market Dynamic Factors - Impact Analysis |
| 3.6. Global Acupuncture Needle Market - Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Acupuncture Needle Market, By Product Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. Disposable Needles |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Non-disposable Needles |
| 5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Acupuncture Needle Market, By Material Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1. Stainless Steel |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Gold |
| 6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Silver |
| 6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Acupuncture Needle Market, By End Users, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Hospital |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Clinics |
| 7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Others |
| 7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Acupuncture Needle Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Acupuncture Needle Market - Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Region, 2023-2029 |
| 9. North America Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Disposable Needles |
| 9.1.2. Non-disposable Needles |
| 9.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Stainless Steel |
| 9.2.2. Gold |
| 9.2.3. Silver |
| 9.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1. Hospital |
| 9.3.2. Clinics |
| 9.3.3. Others |
| 9.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Acupuncture Needle Market - Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Country, 2023-2029 |
| 9.6. North America Acupuncture Needle Market Dynamics - Trends |
| 10. Europe Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Disposable Needles |
| 10.1.2. Non-disposable Needles |
| 10.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Stainless Steel |
| 10.2.2. Gold |
| 10.2.3. Silver |
| 10.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. Hospital |
| 10.3.2. Clinics |
| 10.3.3. Others |
| 10.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Rest of Europe |
| 10.5. Europe Acupuncture Needle Market - Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Country, 2023-2029 |
| 10.6. Europe Acupuncture Needle Market Dynamics - Trends |
| 11. Asia-Pacific Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Disposable Needles |
| 11.1.2. Non-disposable Needles |
| 11.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Stainless Steel |
| 11.2.2. Gold |
| 11.2.3. Silver |
| 11.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. Hospital |
| 11.3.2. Clinics |
| 11.3.3. Others |
| 11.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. China |
| 11.4.2. India |
| 11.4.3. Japan |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Acupuncture Needle Market - Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Country, 2023-2029 |
| 11.6. Asia-Pacific Acupuncture Needle Market Dynamics - Trends |
| 12. Latin America Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Disposable Needles |
| 12.1.2. Non-disposable Needles |
| 12.1.3. Other |
| 12.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Stainless Steel |
| 12.2.2. Gold |
| 12.2.3. Silver |
| 12.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Hospital |
| 12.3.2. Clinics |
| 12.3.3. Others |
| 12.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Rest of Latin America |
| 12.5. Latin America Acupuncture Needle Market - Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Country, 2023-2029 |
| 12.6. Latin America Acupuncture Needle Market Dynamics - Trends |
| 13. Middle East and Africa Acupuncture Needle Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Disposable Needles |
| 13.1.2. Non-disposable Needles |
| 13.2. Material Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Stainless Steel |
| 13.2.2. Gold |
| 13.2.3. Silver |
| 13.3. End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Hospital |
| 13.3.2. Clinics |
| 13.3.3. Others |
| 13.4. Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. South Africa |
| 13.4.3. Rest of MEA |
| 13.5. MEA Acupuncture Needle Market- Opportunity Analysis Index, By Product Type, By Material Type, By Application, and Country, 2023-2029 |
| 13.6. MEA Acupuncture Needle Market Dynamics - Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. 3B SCIENTIFIC GMBH |
| 14.2.2. AcuMedic Ltd. |
| 14.2.3. Asia-med GmbH |
| 14.2.4. SEIRIN |
| 14.2.5. Dana Medical Co. |
| 14.2.6. Boen Healthcare Co., Ltd. |
| 14.2.7. Suzhou Hualun Medical Appliance Co., Ltd. |
| 14.2.8. WUXI JIAJIAN MEDICAL DEVICES CO., LTD. |
| 14.2.9. Suzhou Zhongjing Life & Science Technology Co., Ltd. |
| 14.2.10. Shinylink (Shanghai) Industrial Inc. |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.