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2019

Acupuncture Needles Market

Acupuncture Needles Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Material and End-User : Global Opportunity Analysis and Industry Forecast, 2019-2026

LS : Healthcare

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Author's: Kavita Joshi | Roshan Deshmukh
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Acupuncture Needles Market Overview:2026

The global acupuncture needles market size was valued at $95.80 million in 2018 and is expected to reach $177.79 million by 2026, registering a CAGR of 8.2% from 2019 to 2026. Acupuncture is a component of traditional Chinese medicine. It is an alternative medicine wherein needles are inserted at specific pressure points in the body to stimulate the nerves. It is mostly used to treat body pain, headache, migraines, joint conditions, post-operative pain, nausea, menstrual cramps, insomnia, speech disorders, and paralysis. It is also used to treat emotional disorders (anxiety and depression), digestive disorders (nausea, vomiting, and irritable bowel syndrome), respiratory conditions (asthma and sinusitis), and is beneficial in alcohol additions, chemotherapy, and gynecological disorders (infertility).

Acupuncture Needles Market

Surge in prevalence of chronic diseases, rise in adoption of sedentary lifestyle, obesity, and alcohol addiction drive the acupuncture needles market growth. These diseases have led to complications such as body pain, sleep disturbances, and emotional disorders. In addition, rise in health complications in geriatric population and prevalence of gynecological disorders due to hectic lifestyles propels growth of the acupuncture needles market. Moreover, no severe side effects compared to medications, reduction in dependency on medications, and unpleasant medical procedures fuel the acupuncture demand, thereby, drives the acupuncture needles market. However, acupuncture treatments require regular follow-ups, which is not possible for all patients. In addition, adverse effects such as bleeding, infection, and pain due to needles and no insurance coverage for acupuncture treatment hampers the market growth. Furthermore, increase in awareness of acupuncture treatment is anticipated to provide new opportunities for the acupuncture needles market.

Global Acupuncture Needles Market Segmentation

The market is segmented on the basis of type, material, end-users, and region. By type, it is bifurcated into disposable needles and non-disposable needles. By material, it is categorized into stainless steel, gold, and silver. By end-users it is segmented into acupuncture clinics, hospitals, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Type Segment Review

By type, the disposable acupuncture needle segment accounted for 98% of the total market share in 2018, and is expected to exhibit a prominent growth rate in the near future, owing to its increased adoption across the globe for pain management. In addition, disposable acupuncture needle combats the risk of infection transmission.

Acupuncture Needles Market
By Type $million
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Disposable Needles segment is projected as one of the most lucrative segments.

Material Segment Review

By material, the stainless-steel segment dominated the acupuncture needles market in 2018, and is anticipated to maintain its dominance during the forecast period. This is attributed to the surge in preference for stainless steel by manufacturers as it is cheap, in terms of price, compared to gold and silver needles. In addition, surge in the use of acupuncture in recent years has drawn attention toward safety and quality of acupuncture treatment. The adoption of disposable acupuncture needles has resulted in reduced risk of diseases transmission. Recent researches on acupuncture are mainly focused on the efficacy or mechanisms of acupuncture needles by conducting clinical trials or in vivo/in vitro studies.

Asia-Pacific accounted for the majority of the market share in 2018, and is anticipated to continue this trend during the forecast period. This is attributed to the increased adoption of acupuncture treatment in this region. Moreover, preference toward the usage of traditional treatment methods, including acupuncture, in this region propels the market growth. In addition, acupuncture treatment is covered under private health insurance in countries such as Japan, China, and India. Thereby, adoption of acupuncture and insurance coverage plans in Asia-Pacific is expected to drive the market growth in the future. However, North America is anticipated to grow at the fastest rate during the forecast period, owing to the rise in acceptance of acupuncture treatment method for pain management in this region. In addition, surge in prevalence of diseases such as migraine, lower back pain, and osteoarthritis leads to the rise in demand for acupuncture treatment. In recent years, acupuncture has been used more widely and extensively in the U.S.

Acupuncture Needles Market
By Material $million
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Stainless Steel is projected as one of the most lucrative segments.

Comprehensive competitive analysis and profiles of major market players such as Seirin Corporation, Empecs Medical Co. Ltd., Suzhou Tianxie Acupuncture Instruments Co., Ltd., AcuMedic Ltd., Qingdao Great Fortune Co., Ltd., AcuSupply Inc., 3B Scientific GmbH, Lhasa OMS, Inc., and Asia Med GMbH, Cogmedix, Inc. are provided in this report.

Acupuncture Needles Market
By Region $million
2026
Asia-pacific 
North America
Europe
LAMEA

North America region would exhibit the highest CAGR of 9.1% during 2019-2026.

Key Benefits for Acupuncture Needles Market:

  • The acupuncture needles market share and analysis is based on a comprehensive analysis of key developments in the acupuncture needle industry.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the global acupuncture needles market.
  • The study provides an in-depth analysis of the market trends to elucidate the imminent investment pockets.
  • The global acupuncture needles market trends are studied from 2018 to 2026.
  • Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the global acupuncture needles market from 2019 to 2026 is provided to determine the market potential.

Acupuncture Needles Market Report Highlights

Aspects Details
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By Type
  • Disposable Needles
  • Non-disposable Needles
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By Material
  • Stainless Steel
  • Gold
  • Silver
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By End User
  • Hospitals
  • Clinics
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, UK, Germany, Spain, Italy, Rest of Europe)
  • Asia Pacific  (Japan, China, India, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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Key Market Players

SHINYLINK SHANGHAI INDUSTRIAL INC., ASIA MED GMBH, WUXI JIAJIAN MEDICAL DEVICES CO., LTD., ACUMEDIC LTD, BOEN HEALTHCARE CO., LTD., 3B SCIENTIFIC GMBH, SUZHOU ZHONGJING LIFE & SCIENCE TECHNOLOGY CO.,LTD, DANA MEDICAL INC., SEIRIN CORPORATION, SUZHOU HUALUN MEDICAL APPLIANCE CO,.LTD

Analyst Review

Acupuncture is a therapy based on sensory stimulation of the human body by means of needles, often made of stainless steel, gold, or silver. It is an ancient method used for healing and was developed as part of the traditional medicine of China, Japan, and other Eastern countries.

The acupuncture needles market is anticipated to witness a steady growth in the future, owing to rise in prevalence of orthopedic diseases, surge in sedentary lifestyle, increase in geriatric population, and growth in consumption of alcohol. However, side effects such as bleeding, infections, and pain during the treatment is expected to hamper the market growth in the future. On the contrary, acupuncture is widely practiced in the U.S. and is typically practiced in private centers set by a practitioner, including acupuncturists, TCM practitioners, trained physicians, chiropractors, and physical therapists. Rise in adoption of acupuncture treatment for pain is predicted to create lucrative opportunities for the market in the future.

Author Name(s) : Kavita Joshi | Roshan Deshmukh

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Acupuncture Needles Market

Global Opportunity Analysis and Industry Forecast, 2019-2026