Enjoy complimentary customisation on priority with our Enterprise License!
The acupuncture market size is estimated to grow by USD 19.97 billion at a CAGR of 14.62% between 2023 and 2028. The market is primarily driven by the increasing prevalence of health issues among the aging population, including neurological disorders, low back pain, and knee discomfort. Acupuncture has emerged as an effective therapeutic modality for managing these conditions, providing relief and improving overall health. Its benefits extend beyond physical ailments, as it is also used in smoking cessation and nicotine de-addiction. Given the rising incidence of these health issues among the elderly, acupuncture's holistic approach is increasingly important in physiotherapy. With its proven effectiveness and growing acceptance, acupuncture plays a crucial role in addressing the healthcare needs of an aging demographic, thereby fueling the market's continued growth.
To learn more about the acupuncture market report, View Sample Report
The acupuncture market forecasting report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
The needle acupuncture segment will account for a major share of the market's growth during the forecast period.? The market is experiencing significant growth due to the increasing prevalence of lifestyle concerns, such as sedentary lifestyles, alcoholism, and obesity. Acupuncture, an ancient Chinese ractitioners, offers a holistic approach to treating various health issues. This non-invasive therapy involves the insertion of fine needles into specific body points to stimulate nerves and promote healing. Acupuncture treatment centers, hospitals, and clinics are expanding their capacities to cater to the rising demand for acupuncture services.
Get a glance at the market contribution of various segments. View PDF Sample
The needle acupuncture segment was valued at USD 3.08 billion in 2018. The increased incidence of osteoarthritis, rheumatoid arthritis, and fibromyalgia is a major factor driving the expansion of the needle acupuncture industry. As an alternative to allopathic medications, acupuncture needles are introduced into various body parts to stimulate the nerves for the treatment of various conditions. Moreover, many product improvements, such as nano-sensor-loaded needles for chemical, physical, and biological sensing, can drive market expansion since they provide sensitive, portable, and selective detection.
Europe is estimated to contribute 33% to the growth of the global acupuncture market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more acupuncture market growth analysis insights by region, View PDF Sample now!
The increased usage of acupuncture by end-users in Europe, the increase in the number of clinical centers, patient care services, and well-equipped healthcare infrastructure attract more patients who are in search of superior healthcare services. In terms of the number of clinical diagnostic facilities, patient care services, and hospitals, healthcare in Europe is expanding consistently. Suppliers and producers of acupuncture are boosting their sales by utilizing well-established distribution networks and expanding their production capacities to satisfy demand. Additionally, the demand for physiotherapy equipment is also on the rise, complementing acupuncture services by enhancing rehabilitation and therapeutic capabilities.
The market for traditional Chinese medicine, specifically acupuncture, is experiencing significant growth as more mainstream healthcare providers in the United States acknowledge its benefits. Equipment manufacturers are responding by developing advanced tools to support acupuncture clinics. Holistic healing methods like acupuncture are increasingly being used in conjunction with conventional treatments for conditions such as pulmonary hypertension and diabetes. Companies such as Acumedic Limited and Schwa-medico GmbH are driving innovation in the field with their cutting-edge products. MKW Laser System GmbH, for example, offers modern approaches that integrate phyto-coding and fragrance therapies. Brands are enhancing the effectiveness of acupuncture treatments by combining them with herbal remedies and other traditional methods. The integration of holistic and mainstream healthcare services underscores the growing acceptance and demand for acupuncture as a complementary therapy in modern wellness practices.
The increasing geriatric population is driving acupuncture market growth. According to the Organization for Economic Cooperation and Development (OECD), the percentage of an older population in OECD countries has increased day by day, and it is anticipated that by the year 2050, about 40% of the population in Japan, Spain, Portugal, Greece, and Korea will be aged over 65 years old, thus driving the focus on health and wellness.
Moreover, the use of acupuncture can be beneficial in the treatment of a variety of medical conditions that older people are prone to, including headaches, knee pain, and low back pain, as well as illnesses that affect the neurological system. Hence, the growing older population and their susceptibility to many serious health issues are expected to drive the growth of the market during the forecast period.
Advancements in healthcare facilities are the primary trend influencing the global acupuncture market. Healthcare facilities, which include medical diagnostic services, clinical services, and hospital-based services, are transitioning from a supply-based infrastructure to a demand-based service model. This is due to the increasing demand from individuals who are utilizing these services and are willing to increase their healthcare spending for various treatment stages. Moreover, the high demand permits service providers to acquire advanced laboratories, patient wards, and medical equipment. This leads to the increased demand for acupuncture and the growth of the market globally during the forecast period.
Further, acupuncture and physiotherapy both focus on enhancing physical well-being through different methods. While acupuncture involves inserting fine non-disposable needles and disposable needles into specific points to alleviate pain and improve energy flow, physiotherapy utilizes exercises, massages, and other techniques to promote mobility, strength, and healing. Together, they offer complementary approaches to managing pain, restoring function, and optimizing overall health
Side effects associated with acupuncture treatment are a major challenge impeding global acupuncture market growth. There are numerous side effects linked with acupuncture treatment, such as discomfort and bleeding, allergic reactions, skin rashes, and many others.
In addition, acupuncture can result in death due to nerve and blood artery injuries, organ punctures, complications from needle breakage or needle fragments, central nervous system or spinal cord injuries, haemorrhages, and other organ and tissue injuries. Such factors will negatively impact the growth of the global acupuncturemarket during the forecast period.
The acupuncture market growth and forecasting report includes the adoption lifecycle of the market research and growth, 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 growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Customer Landscape
There is high competition in the market. Among several market players, the organization 3B Scientific GmbH stands out among the competitors due to technological innovation and the on-point marketing strategy.
The acupuncture market trends and growth report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Technavio's acupuncture market analysis report consists of a holistic analysis of the key development Analysis, development stage, pipeline analysis, FDA approval, market players, their marketing strategies, and powerful innovations to help any client gain a competitive edge.
The acupuncture market is experiencing significant growth, fueled by a rising demand for holistic healing methods and heightened recognition of alternative treatments for various health conditions, including gynecological disorders and pain syndrome illnesses. Businesses are responding by investing in advanced technologies and solutions, making acupuncture more accessible and efficient. Despite challenges such as global inflation and trade tensions, the industry remains strong. The National Diabetes Statistics Report and the National Council on Aging have highlighted the potential benefits of acupuncture in managing chronic conditions, thereby influencing market trends. Strategies for reaching potential clients include disseminating information through industry publications, press releases, and paid databases. Utilizing public databases and national customs information is essential for gaining insights into market dynamics and preparing for potential economic downturns.
The acupuncture market continues to gain momentum as a complementary therapy in mainstream healthcare systems worldwide. This ancient Chinese holistic healing technique, which involves the insertion of thin needles into specific points on the body, has been shown to effectively manage a range of health conditions, from chronic pain to stress and anxiety. Despite its growing popularity, the acupuncture industry faces several challenges. Global trade tensions and the risk of recession have created an uncertain business environment. According to industry experts, these factors could impact the supply chain and increase costs for practitioners. Acupuncture magazines have been covering these developments closely. They provide valuable insights into how practitioners can adapt to these challenges and thrive in the current economic climate. One strategy is to focus on building strong relationships with frontline staff in hospitals and clinics. By collaborating with medical professionals, acupuncturists can expand their reach and demonstrate the effectiveness of their practice in a healthcare setting. This approach can also help to legitimize acupuncture as a viable treatment option in mainstream healthcare.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Base year |
2023 |
|
Historic period |
2018 - 2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 14.62% |
|
Market growth 2024-2028 |
USD 19.97 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
13.53 |
|
Regional analysis |
Europe, North America, Asia, and Rest of World (ROW) |
|
Performing market contribution |
Europe at 33% |
|
Key countries |
US, France, Italy, China, and Japan |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
3B Scientific GmbH, ACA, AcuMedic Ltd., Acupuncture Plus, asia med GmbH, Beijing Acupuncture and Herbal Clinic, Blue Branches Acupuncture, CUTTING EDGE CHIROPRACTIC, Dongbang Medical, Dongguan Southstar Electronics Ltd., Mayo Foundation for Medical Education and Research, Meridius Medical GmbH, MKW Lasersystem GmbH, Modern Acupuncture, Neo Acupunture, schwa medico GmbH, Sedatelec, Wuhan ZJZK Technology Co. Ltd., Wuxi Jiajian Medical Instrument Co. Ltd., and Zepter International Poland sp. z o. o. |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our acupuncture market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this acupuncture market research and growth report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
