Acupuncture Market Size to grow by USD 16839.1 million between 2023-2027
According to a research report “ Acupuncture Market” by Type (Needle acupuncture, Electroacupuncture, Auricular acupuncture, Cupping, Others ) End-user (Hospitals and specialty clinics, Wellness centers, Research and academic institutions ) Geography (Europe, Asia, North America, Rest of World (ROW))- Global Forecast to 2027 published by Technavio, the market size is estimated to grow by USD 16839.1 million, at a CAGR of 14.09% during the forecast period. The aging population trend in Organisation for Economic Cooperation and Development (OECD) countries is a significant demographic shift, with the percentage of older adults (aged 65 and above) projected to rise from 17% in 2015 to 28% by 2050. This demographic change is expected to result in a substantial increase in the prevalence of age-related health issues such as neurological disorders, low back pain, and knee discomfort. By 2050, approximately 40% of Japan, Spain, Portugal, Greece, and Korea's populations will be aged over 65 years old. This demographic shift presents a substantial business opportunity for healthcare solutions, including acupuncture, that cater to the unique needs of the aging population..
Browse market data tables, figures, and in-depth TOC on “Acupuncture Market” by Type (Needle acupuncture, Electroacupuncture, Auricular acupuncture, Cupping, Others ) End-user (Hospitals and specialty clinics, Wellness centers, Research and academic institutions ) Geography (Europe, Asia, North America, Rest of World (ROW)) Global Forecast to 2027. Download Free Sample
By Type, the Needle acupuncture segment is projected to dominate the market size in 2024
The acupuncture market is witnessing significant growth due to the increasing production capacities of manufacturers for single-use and sterile acupuncture needles. This expansion is primarily driven by the rising prevalence of chronic conditions, such as osteoarthritis, rheumatoid arthritis, and fibromyalgia. Acupuncture, an alternative therapy to allopathic medications, involves the insertion of needles into specific body parts to stimulate nerves. It is commonly used to treat various conditions including headaches, bodily discomfort, post-operative pain, gastrointestinal troubles, mental illnesses, respiratory disorders, chemotherapy, and gynecological problems. The market growth can be attributed to the increasing incidence of chronic conditions, which are often caused by sedentary lifestyles, alcoholism, and obesity, leading to sleep disturbances, body pain, and emotional issues.
By End-user, Hospitals and specialty clinics segment is expected to hold the largest market size for the year 2024
In the healthcare industry, acupuncture has gained significant traction as a complementary therapy, with numerous hospitals and specialized clinics integrating it into their offerings. This trend is driven by acupuncture's proven efficacy and safety profile, as well as its increasing acceptance among medical professionals and healthcare administrators. Acupuncture's potential to promote patient recovery, prevent unnecessary procedures, and minimize hospital stays has led to its exploration for coverage by various health insurance companies. Regrettably, the availability of acupuncture services in hospitals remains limited, with only a few general hospitals providing this treatment. The escalating demand for acupuncture services from hospital patients and the inadequacy of current pharmaceutical solutions are fueling the acceptance of alternative and complementary therapies within the medical community.
Europe is forecasted to hold the largest market size by region in 2024
The European acupuncture market witnesses significant growth, with Germany, the UK, Spain, Italy, and France being the leading revenue contributors. Factors fueling this expansion include the increasing prevalence of health issues such as headaches, low back pain, migraines, and knee pain, an aging population, escalating healthcare concerns, and increasing healthcare expenditures. Additionally, the presence of renowned clinical research institutions and the high demand for peripheral nerve stimulators (PNS) further bolster market growth. In Spain, the burgeoning demand for acupuncture, integration of advanced technologies, and the existence of prominent healthcare providers like Hospital-Clinic Costa Brava and Grupo Hospitalario Quironsalud are key growth catalysts.
The Acupuncture Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
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.
Market Research Overview
Title: Acupuncture Market: Syndrome Differentiation, Standardization, and Innovations The acupuncture market is witnessing significant growth due to the increasing prevalence of musculoskeletal conditions, such as back pain, injuries, and surgeries, in the US population. Acupuncture, an alternative method for treating various health concerns, including musculoskeletal pain, syndrome illnesses, and connective tissue disorders, is gaining popularity among Western practitioners and patients. Acupuncture involves the use of needles, heat, pressure, friction, suction, and electromagnetic energy to stimulate specific points on the body. The market is witnessing innovation with the development of non-disposable and disposable needles made of silver, stainless steel, and other advanced materials. Standardization and syndrome differentiation are crucial aspects of acupuncture. This includes the use of various acupuncture techniques, such as Korean Manual Acupuncture, Chinese Medicine, Cupping, and Japanese Acupuncture. The market is also witnessing M&A activity, with companies like asia-med GmbH, AcuMedic Ltd, and 3B SCIENTIFIC GmbH leading the way. The acupuncture market caters to various healthcare facilities, including clinics, hospitals, and acupuncture treatment centers. Patients with conditions like obesity, endometriosis, diabetes, hypertension, and post-surgical trauma seek acupuncture as a cost-effective alternative to painkillers, such as NSAIDs. Lifestyle concerns, such as meditating, walking, jogging, and yoga, are also driving the demand for acupuncture. The market revenue is expected to grow further due to the increasing prevalence of venous foot ulcers and diabetic foot ulcers. Overall, the acupuncture market is poised for growth, offering numerous opportunities for investors and stakeholders.
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