Acupuncture Needles Market
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Exclusive Report on Acupuncture Needles Market Analysis By Key Players, SWOT Analysis, Growth Factors and Forecast till 2028

Global Acupuncture Needles Market By Type (Disposable Needles and Non-Disposable Needles), By Material (Stainless Steel, Gold, and Silver), By End-User (Clinics, Hospitals, and Others) and By Geography – COVID-19 Impact Analysis, Post COVID Analysis, Opportunities, Trends and Forecast from 2021 to 2028

As per the study initiated by Evolve Business Intelligence, the global Acupuncture Needles Market is expected to grow at a CAGR of 9.32% from 2021 to 2028.

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COVID-19 scenario:

  • The temporary lockdown and restriction have led to supply chain disruption, presenting import and export challenges across different sectors.
  • The companies operating in the Acupuncture Needles market have been negatively impacted due to the COVID-19 pandemic resulted in a decrease in the growth of the market for 2020 and 2021.

The major factor that has impacted the growth of the market includes Chronic diseases are becoming more prevalent, among others.

The rising prevalence of chronic diseases such as cancer in both developed and developing economies is a major driver driving the worldwide acupuncture needles market. The rise in the number of arthritic patients is likely to raise the demand for acupuncture needles considerably. Acupuncture also aids in the relief and management of pain associated with chemotherapy. The demand for chemotherapy procedures has increased dramatically as a result of the continually increasing number of cancer cases. As a result, the rising number of cancer patients has considerably aided the growth of the acupuncture needles market.

Regional Analysis

The market for acupuncture needles is dominated by the Asia Pacific, owing to the growing popularity of acupuncture treatment in the region. Furthermore, a growing desire for traditional treatments such as acupuncture is fueling market expansion in this region.

With the increasing use of acupuncture treatment for pain management in the region, North America is expected to have the highest growth.

IMP NOTE: All our reports will be updated considering the impact of the COVID-19 scenario before delivery.

The global Acupuncture Needles market provides an in-depth analysis of key players which includes:

  • Seirin
  • Empecs Medical Co. Ltd
  • Suzhou Tianxie Acupuncture Instruments Co., Ltd
  • AcuMedic Ltd
  • Qingdao Great Fortune Co. Ltd
  • AIK Medical
  • 3B Scientific
  • Lhasa OMS
  • Asia-Med
  • Coghlin Companies

Parameters

Details

Market Size (2020) $ Billion
CAGR (2021 to 2028) More than 9.32%
Market Segmentation Type, Material, and End-User
Companies profiled Seirin, Empecs Medical Co Ltd, Suzhou Tianxie Acupuncture Instruments Co Ltd, AcuMedic Ltd, Qingdao Great Fortune Co. Ltd, AIK Medical, 3B Scientific, Lhasa OMS, Asia-Med, Coghlin Companies
Country Covered US, Canada, Mexico, UK, Germany, France, Italy, Rest of Europe, China, India, Japan, South Korea, Rest of Asia Pacific, Middle East & Africa, and South America
Base Year 2020
Estimated Year 2021
Forecast Years 2022 to 2028

 

The global Acupuncture Needles Market is segmented based on Type, Material, and End-User. Based on Type, the market is segmented into Disposable Needles and Non-Disposable Needles. Based on material, the market is segmented as Stainless Steel, Gold, and Silver, and based on the End-User, the market is analyzed on Clinics, Hospitals, and Others.

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Key Region/ Countries Covered

  • North America (US, Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Rest of the World (the Middle East & Africa and South America)

Key Questioned Answered Through The Report:

  • The Impact of COVID-19 on the global market
  • What are the potential opportunities for new entrants in the global market
  • What is the market Size and Forecast from 2020 to 2028?
  • Key Players associated with the global Acupuncture Needles Market
  • Value Chain Analysis of Global Acupuncture Needles Market
  • What is the CAGR of the global Acupuncture Needles Market from 2021 to 2028
  • Major Growth Factor, Challenges, Trends, and Opportunities in the global market
  • Key outcomes of SWOT Analysis

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging the pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.

Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.

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