Global Acupuncture Needles Market Size, Share, Growth, and Forecast to 2025Posted by rekha on September 6th, 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 needles market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to surge in the interest towards acupuncture therapy that is due to the incidence of chronic pain, fatigue, infertility, digestive system disorders, menstrual cramps, headache, hormonal imbalances and other emotional diseases, increased cases of alcohol addiction, 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 acupuncture market thereby decrease in the revenue share of global acupuncture needle market. Global acupuncture market segmented on the basis of type, material type, end user and region For request sample: https://www.precisionbusinessinsights.com/request-sample/?product_id=37142 Stainless Steel Needles Dominates the Global Acupuncture Market Based on the type of material used for the preparation of acupuncture needles, global acupuncture market segmented into stainless steel, gold and silver. Stainless steel acupuncture needles dominated the global acupuncture market in 2017 and estimated to dominate over the forecast period owing to the low cost of the needles, no fear of losing, disposable in nature so that the patient feel safe using this type of needles, rise in awareness about the acupuncture needle treatment among the people are surge the market over the forecast years. However, a slow growth rate observed for the gold needles due to their high cost. 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 in 2015,yuwell-Jiangsu yuyue medical equipment & supply co., ltd. purchased WDM-China Resources Wandong Medical Equipment Co., Ltd., yuwell owns the 51.51% stake, which made yuwell be the main shareholder. By this purchase yuwell became the largest homecare medical equipment listed company, and the second largest company among the medical equipment industry in China. Key players leading the global Acupuncture market include
Detailed Segmentation
By Type o Disposable Needles o Non-disposable Needles By Material o Stainless Steel o Gold o Silver By End User o Clinics o Hospitals o Others Geography
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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