Global Acupuncture Market Size, Share, Growth, and Forecast to 2025

Posted by rekha on September 3rd, 2019

Precision Business Insights (PBI) in its report titled “Global Acupuncture Market” Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global acupuncture market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of chronic pain, fatigue, infertility, digestive system disorders, headache and hormonal imbalances and others, technological advancements in the treatment procedure, launch of newer techniques for the treatment, and advanced healthcare services are expected to drive the global pain treatment market. However, high cost for the treatment, and adverse effects associated with the therapy like bleeding, infection due to the needles are anticipated to hinder the revenue share of global pain treatment market.

Global acupuncture market segmented on the basis of treatment type, application type, end user and region

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Pain Syndrome Illness Treatment Dominates the Global Acupuncture Market

Based on the application, global acupuncture market segmented into pain syndrome illnesses, gynecological disorders, psychological disorders, and others. Pain syndrome illness treatment dominated the global acupuncture market in 2017 and estimated to dominate over the forecast period owing to innovation of newer methods to reduce the pain, rise in awareness about the acupuncture among the people are surge the market over the forecast years. However, a slow growth rate observed for the psychological disorders due to patient incompliance and repetitive treatment.

Asia Pacific Region Leads the Global Acupuncture Market

PBI’s global acupuncture market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to the origin of acupuncture therapy, availability of treatment centers and skilled professionals in the region are propel the market. European acupuncture market projected to exhibit significant growth due to increased preference for acupuncture therapies amongst the European population boost the market.

Launch of newer types of therapies, treatment centers, and strategic alliances are the key strategies adopted by market players

Global acupuncture market further reveals that the key players increasingly adopting strategies such as launch of newer types of therapies, treatment centers, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance inMarch 15, 2019, Cala Health, Inc. (the US), a medical technology company announced its alliance with Massachusetts General Hospital to help launching its acupuncture platform for chronic diseases.

Key player’s profiles in the report are Key players leading the global Acupuncture market include Schwa-medico GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Zepter International, SEIRIN Corporation, Cymedics GmbH & Co. KG, Asia-med GmbH, MKW Laser system GmbH, Qingdao Great Fortune Co., Ltd., and AcuMedic Ltd.

Detailed Segmentation

By treatment type

o   Acupuncture needle treatment

• Disposable Needles
• Reusable Needles

o   Acupuncture laser treatment

• Yttrium Aluminum Garnet (YAG) Laser
• Semiconductor Source
• Helium Neon Light Source
• Carbon Source
• Others

By application

o     Relaxation

o     Insomnia

o     Pain Management

o     Skin and Hair Care

o     Scar Management

o     Cold and Cough

o     Cancer Treatment

o     Others

By end user

o     Hospitals

o     Wellness Center

o     Specialty Clinics

o     Others

Geography

o     North America

• U.S
• Canada

o     Europe

• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe

o     Asia-Pacific

• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific

o     Latin America

• Brazil
• Mexico
• Argentina
• Venezuela
• Rest of Latin America

o     Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

For more information: https://www.precisionbusinessinsights.com/market-reports/global-acupuncture-market/