The Acupuncture Market is being driven by Increasing geriatric population
The Acupuncture Market is expected to grow at a CAGR of 14.62% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19970.8 million. In response to the growing demand from consumers seeking enhanced healthcare services, healthcare facilities are shifting from a supply-based infrastructure to a demand-driven service model. This trend is driven by individuals who are increasingly willing to invest in various treatment stages, including disease diagnostics, hospital-based therapies, and post-treatment care services. This heightened demand enables service providers to invest in advanced diagnostic laboratories, patient wards, and medical equipment. The expansion of healthcare facilities and patient care services broadens the scope of hospital offerings, now encompassing acupuncture treatments as part of the holistic approach to total recovery from medical conditions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.62% |
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Market growth 2024-2028 |
USD 19970.8 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
13.53 |
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Key countries |
US, France, Italy, China, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Title: Acupuncture Market: A Holistic Approach to Obesity, Endometriosis, and Other Syndrome Illnesses The global acupuncture market is witnessing significant growth due to the increasing prevalence of various syndrome illnesses such as obesity, endometriosis, diabetes, hypertension, and post-surgical trauma. Private acupuncture hospitals, specialty clinics, and wellness centers are leading the market, offering a range of product and services including Chinese medicine, Korean manual acupuncture, head acupuncture, auricular acupuncture, cupping, and Japanese acupuncture. Obesity and weight management are major applications of acupuncture, as it helps regulate metabolism and appetite. Endometriosis patients also benefit from acupuncture, as it reduces pain and inflammation. Diabetic ulcers, diabetes, and hypertension are other conditions that are effectively treated with acupuncture. Non-insertion acupuncture and meditating acupuncture are gaining popularity due to their non-invasive nature. Lifestyle concerns such as meditating, walking, jogging, and yoga are also complemented by acupuncture treatment centers. The market revenue is expected to grow further as more people seek holistic approaches to healthcare. Acupuncture's ability to provide relief from various syndrome illnesses, combined with its non-invasive nature, makes it a promising alternative to surgical procedures and pharmaceuticals. The market is expected to continue its growth trajectory in the coming years.
According to Technavio, the global acupuncture market is a segment of the expansive global pharmaceuticals industry, which encompasses entities involved in the research and development (R&D) or manufacturing of various pharmaceutical products, including generic and non-generic drugs, veterinary drugs, and biotechnology solutions. The healthcare industry's overall market size is determined by the consolidated revenue generated by providers of medical equipment, supplies, pharmaceuticals, and life sciences tools and services. The growth of the global pharmaceuticals market is anticipated to be fueled by several key factors, such as the increasing global population aging above 60 years, leading to a surge in demand for healthcare solutions. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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