Acupuncture Needles Market by Product Types (Disposable Needle and Non-Disposable Needle), Materials (Stainless Steel, Gold, and Silver), Applications (Hospital, Clinics, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2020-2028
The global acupuncture needles market is anticipated to expand at a high CAGR during the forecast period, 2021-2028. Acupuncture is a China-based alternative traditional medicine, wherein needles are inserted at specific pressure points in the body in order to stimulate the nerves. Acupuncture needles are used to treat body pain, headache, migraines, joint conditions, post-operative pain, nausea, menstrual cramps, insomnia, speech disorders, and paralysis. Additionally, it is used to treat emotional disorders (anxiety and depression), alcohol addiction, digestive disorders (nausea, vomiting, and irritable bowel syndrome), respiratory conditions (asthma and sinusitis), chemotherapy, and gynaecological disorders (infertility).
Market Trends, Drivers, Restraints, and Opportunities:
- Acupuncture treatment lowers hypertension and provides mental relief. Additionally, it is effective in treating and relieving pain caused due to chronic diseases. Acupuncture provides benefits for managing pain caused by chemotherapy. These factors are fuelling the market.
- Increasing number of chronic diseases such as diabetes and obesity, due to alcohol consumption, smoking, and others is boosting the demand for acupuncture needles, which in turn, fuels the market.
- Acupuncture treatments require follow-ups on a regular-basis, which is not possible for all patients. Adverse effects such as bleeding, pain, and infection due to needles and zero insurance coverage for acupuncture treatments hampers the market growth.
- Growing awareness about acupuncture treatments is anticipated to provide opportunities for the market.
Scope of the report:
The report on acupuncture needles market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Acupuncture Needles Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018-2019 |
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Forecast Period |
2021-2028 |
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Segmentation |
Types (Disposable Needle and Non-Disposable Needle), Materials (Stainless Steel, Gold, and Silver), Applications (Hospital, Clinics, and Others) |
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Regional Scope |
Asia Pacific, North America, Europe, Latin America, and Middle East & Africa |
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Report Coverage |
Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast |
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Key Players |
3B SCIENTIFIC GMBH, 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., and Shinylink (Shanghai) Industrial Inc. |
Market Segment Insights:
Disposable needles held a substantial market share during the forecast period
Based on product types, the acupuncture market is fragmented into disposable needle and non-disposable needle. The disposable needles segment held a large market share in 2019 and is anticipated to grow rapidly over the forecast period, 2020-2027. The segment growth is driven by several advantages associated with the product, such as low risk of transmission of diseases from one patient to another and low costs. Majority of healthcare professionals recommend using disposable products, due to safety issues and easy availability. The non-disposable needles segment is anticipated to grow at a moderate rate during the forecast period.
Hospital segment held a substantial market share in 2019
In terms of end-users, the acupuncture needles market can be fragmented into hospitals and clinics. The hospital segment of the acupuncture needles market held the maximum revenue share in 2019. Increasing cases of surgical wounds, due to rising number of surgeries is anticipated to drive the market. The clinic segment is anticipated to grow at a high rate during the forecast period, 2020-2027. Increasing number of clinics and surgical procedures are expected to drive the market during the forecast period.
Stainless Steel segment to grow during the forecast period
On the basis of materials, the acupuncture market is segmented into stainless steel, gold and silver. The stainless-steel segment held a large market share in 2019 and is anticipated to grow rapidly during the forecast period, 2020-2027. Stainless steel acupuncture needles are widely used, owing to its low cost and easy availability. The silver needles segment is anticipated to grow at a moderate rate during the forecast period, owing to its several advantages such as high thermal conductivity to provide thermal effect in warm acupuncture procedures. It offers rapid relief to patients as compared to other materials.
Asia-Pacific dominates the global market
Based on regions, the acupuncture market can be split into Asia Pacific, North America, Europe, Latin America and Middle East & Africa. In terms of regions, the acupuncture needles market is expected to grow rapidly in Asia Pacific. Presence of developing countries such as India, China, and Japan is anticipated to boost the market in the region. Acupuncture is a component of traditional treatment of China and is mostly availed in China and Japan. Increasing demand for acupuncture treatments in Asia Pacific is attributed to rapid growth in the medical tourism industry in the region. The market in Asia-Pacific is anticipated to grow rapidly, due to improvements in the healthcare infrastructure.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acupuncture Needles Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Acupuncture Needles Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Acupuncture Needles Market - Supply Chain
4.5. Global Acupuncture Needles Market Forecast
4.5.1. Acupuncture Needles Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Acupuncture Needles Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Acupuncture Needles Market Absolute $ Opportunity
5. Global Acupuncture Needles Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Acupuncture Needles Market Size and Volume Forecast by Types
5.3.1. Disposable Needle
5.3.2. Non-Disposable Needle
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Acupuncture Needles Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Acupuncture Needles Market Size and Volume Forecast by Applications
6.3.1. Hospitals
6.3.2. Clinics and
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Acupuncture Needles Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Acupuncture Needles Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Acupuncture Needles Demand Share Forecast, 2019-2026
8. North America Acupuncture Needles Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Acupuncture Needles Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Acupuncture Needles Market Size and Volume Forecast by Types
8.4.1. Disposable Needle
8.4.2. Non-Disposable Needle
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Acupuncture Needles Market Size and Volume Forecast by Applications
8.7.1. Hospitals
8.7.2. Clinics and
8.7.3. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Acupuncture Needles Demand Share Forecast, 2019-2026
9. Latin America Acupuncture Needles Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Acupuncture Needles Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Acupuncture Needles Market Size and Volume Forecast by Types
9.4.1. Disposable Needle
9.4.2. Non-Disposable Needle
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Acupuncture Needles Market Size and Volume Forecast by Applications
9.7.1. Hospitals
9.7.2. Clinics and
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Acupuncture Needles Demand Share Forecast, 2019-2026
10. Europe Acupuncture Needles Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Acupuncture Needles Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Acupuncture Needles Market Size and Volume Forecast by Types
10.4.1. Disposable Needle
10.4.2. Non-Disposable Needle
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Acupuncture Needles Market Size and Volume Forecast by Applications
10.7.1. Hospitals
10.7.2. Clinics and
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Acupuncture Needles Demand Share Forecast, 2019-2026
11. Asia Pacific Acupuncture Needles Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Acupuncture Needles Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Acupuncture Needles Market Size and Volume Forecast by Types
11.4.1. Disposable Needle
11.4.2. Non-Disposable Needle
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Acupuncture Needles Market Size and Volume Forecast by Applications
11.7.1. Hospitals
11.7.2. Clinics and
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Acupuncture Needles Demand Share Forecast, 2019-2026
12. Middle East & Africa Acupuncture Needles Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Acupuncture Needles Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Acupuncture Needles Market Size and Volume Forecast by Types
12.4.1. Disposable Needle
12.4.2. Non-Disposable Needle
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Acupuncture Needles Market Size and Volume Forecast by Applications
12.7.1. Hospitals
12.7.2. Clinics and
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Acupuncture Needles Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Acupuncture Needles Market: Market Share Analysis
13.2. Acupuncture Needles Distributors and Customers
13.3. Acupuncture Needles Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. 3B SCIENTIFIC GMBH
13.4.2. AcuMedic Ltd.
13.4.3. Asia-med GmbH
13.4.4. SEIRIN
13.4.5. Dana Medical Co.
13.4.6.
By Product Types
- Disposable Needle
- Non-Disposable Needle
- Stainless Steel
- Gold
- Silver
- Hospitals
- Clinics and
- Others
- 3B SCIENTIFIC GMBH
- 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.
Key players in the acupuncture needles market include 3B SCIENTIFIC GMBH, 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., and Shinylink (Shanghai) Industrial Inc.
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