HomePress ReleaseEIN PresswireIndustry Share Will Increase at 8.2% CAGR Globally by 2026

Industry Share Will Increase at 8.2% CAGR Globally by 2026

Acupuncture Needles Market Affect of Recession

PORTLAND, OREGON, UNITED STATES, November 3, 2023 / — In accordance with the report, the worldwide acupuncture needles business garnered $95.8 million in 2018, and is estimated to achieve $177.8 million by 2026, rising at a CAGR of 8.2% from 2019 to 2026. The examine analyzes the vital methods, drivers, competitors, market dynamics, dimension, and vital funding areas.

Key Takeaways:

The disposable needles phase to proceed its dominance all through the forecast interval

The hospitals phase to keep up its dominant place through the forecast interval

North America to develop at the quickest price

Surge in acupuncture adoption for ache administration, enhance in gynecological issues, and rise in well being problems in getting old inhabitants drive the expansion of the worldwide acupuncture needles market. Nonetheless, enhance in infections precipitated by utilization of reusable needles and availability of different hinder the market development. Then again, vital enhance in adoption because of fewer unintended effects compared to medicines and diminished dependency on medicines current new alternatives within the business.

Request Pattern Copy of the Report:

The expansion of the worldwide acupuncture needles market is as a result of surge in adoption of acupuncture process, primarily for ache administration therapy throughout the globe.

Surge in adoption of sedentary way of life, rise in weight problems, and alcohol habit are the key components that drive the acupuncture needles market development. As well as, enhance in geriatric inhabitants throughout the globe and rise in consciousness towards acupuncture therapy propels the acupuncture needles market development. Furthermore, no unintended effects and discount in dependency on medicines additional fuels the acupuncture demand, thereby drives the acupuncture needles market. Nonetheless, requirement of normal follow-ups hostile results resembling bleeding, an infection, and ache because of needles, and no insurance coverage protection for acupuncture therapy are the components anticipated to hamper the market development.

Main Components Driving the Progress of Acupuncture Needles Market:

Rising prevalence of continual illnesses: Power illnesses resembling arthritis, migraine, and again ache have gotten more and more frequent worldwide. Acupuncture is a well-liked complementary and various drugs (CAM) remedy that’s used to deal with quite a lot of continual illnesses.

Rising consciousness of acupuncture: Acupuncture is changing into more and more well-liked and accepted as a legit type of ache administration and therapeutic. That is as a result of rising physique of scientific proof that helps the usage of acupuncture for quite a lot of situations.

Growing availability of acupuncture companies: The variety of acupuncture practitioners and clinics is rising worldwide. This makes it simpler for sufferers to entry acupuncture companies.

Market Segmentation:

The acupuncture needles market could be segmented in a number of methods, together with:

By product:

Disposable acupuncture needles (Picture of Disposable acupuncture needles)
Reusable acupuncture needles (Picture of Reusable acupuncture needles)

By deal with materials:

Chrome steel (Picture of Chrome steel acupuncture needles)
Plastic (Picture of Plastic acupuncture needles)
Copper (Picture of Copper acupuncture needles)
Bamboo (Picture of Bamboo acupuncture needles)

By needle size:

Quick needles (lower than 0.5 inches)
Medium needles (0.5 to 1 inch)
Lengthy needles (greater than 1 inch)

By needle diameter:

High-quality needles (0.2 to 0.3 millimeters)
Medium needles (0.4 to 0.5 millimeters)
Coarse needles (0.6 millimeters or extra)

By software:

Ache administration (Picture of Acupuncture needles for ache administration)
Migraine reduction (Picture of Acupuncture needles for migraine reduction)
Fertility enhancement (Picture of Acupuncture needles for fertility enhancement)
Stress reduction (Picture of Acupuncture needles for stress reduction)
Different functions

By finish person:

Acupuncture practitioners (Picture of Acupuncture needles used by acupuncture practitioners)
House customers (Picture of Acupuncture needles used by dwelling customers)

By area:

North America (Picture of North America map)
Europe (Picture of Europe map)
Asia Pacific (Picture of Asia Pacific map)
Latin America (Picture of Latin America map)
Center East and Africa (Picture of Center East and Africa map)

Request for Customization:

Regional Progress Dynamics:

North America is estimated to develop at the quickest CAGR of 9.1% from 2019 to 2026, owing to surge in consciousness relating to acupuncture remedies and opioid disaster. Then again, Asia-Pacific accounted for the most important share when it comes to income, contributing to greater than half of the worldwide acupuncture needles market in 2018, and is predicted to keep up its lead standing by 2026. This is because of acupuncture being a conventional therapy technique for ache administration on this area.

Main market gamers

Seirin Company
Empecs Medical Co. Ltd.
Suzhou Tianxie Acupuncture Devices Co., Ltd.
AcuMedic Ltd.
Qingdao Nice Fortune Co., Ltd.
AcuSupply Inc.
3B Scientific GmbH
Lhasa OMS, Inc.
Asia Med GMbH
Cogmedix, Inc.

For Buy Enquiry at:

Key Questions Answered within the Clever Research

What’s the market dimension and development price of the worldwide and regional market by numerous segments?
What’s the market dimension and development price of the marketplace for selective international locations?
Which area or sub-segment is predicted to drive the market within the forecast interval?
What Components are estimated to drive and restrain the market development?
What are the important thing technological and market tendencies shaping the market?
What are the important thing alternatives out there?
What are the important thing corporations working out there?
Which firm accounted for the very best market share?

Why Select Allied Market Analysis?

Industries’ Greatest Analysts
Unique Product Choices
Buyer Analysis Companies
Dynamics Analysis Methodology
Complete Experiences
Newest Technological Developments
Worth Chain Evaluation
Future Market Alternatives
Market Progress Dynamics
High quality Assurance
Submit-sales Help
Steady Report Replace

Market Dynamics and Transformations

Financial Downturn Evaluation: Affect of Recession in 2023
Pandemic’s Affect: Affect of Covid-19 Pandemic
Market Evolution: Current Developments within the Market with Key Gamers Bulletins

Related Analysis Experiences for Info, Communication and Know-how:

Gastrointestinal Therapeutics Market

Radiopharmaceuticals Market

About Allied Market Analysis:

Allied Market Analysis (AMR) is a full-service market analysis and business-consulting wing of Allied Analytics LLP based mostly in Portland, Oregon. Allied Market Analysis gives world enterprises in addition to medium and small companies with unmatched high quality of “Market Analysis Experiences” and “Enterprise Intelligence Options.” AMR has a focused view to supply enterprise insights and consulting to help its purchasers to make strategic enterprise selections and obtain sustainable development of their respective market domains. AMR gives its companies throughout 11 business verticals together with Life Sciences, Shopper Items, Supplies & Chemical compounds, Development & Manufacturing, Meals & Drinks, Power & Energy, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Protection, and BFSI.

David Correa
Allied Analytics LLP
+1 800-792-5285
electronic mail us right here
Go to us on social media:


Most Popular