The global acupuncture needles market size is expected to reach USD 372.40 Million by 2032, according to a new study by Polaris Market Research. The report “Acupuncture Needles Market Size, Share & Trends Analysis Report by Product (Disposable Needles, Non-disposable Needles), By Material (Stainless Steel, Gold, Silver), By End-use (Hospital, Clinics), By Region, And Segment Forecasts, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increase in chronic illnesses like diabetes, obesity, and other autoimmune diseases due to factors like antimicrobial resistance, unhealthy and sedentary lifestyles, alcohol consumption, and smoking is one of the key factors driving market growth. According to the National Diabetes Statistic Report from the Centers for Disease Control and Prevention (CDC), over 100.0 million Americans had diabetes or prediabetes conditions in 2017. Additionally, 1.6 million deaths globally in 2016 were directly attributed to diabetes, according to the WHO.
As the prevalence of chronic conditions has increased, so has the regularity of surgeries. The majority of surgical incisions are uncomfortable, deep, and sizeable. In these circumstances, acupuncture successfully alleviates the patients' bodily and emotional suffering. Due to the fact that this treatment also helps patients recover from post-surgical trauma, demand for it is growing globally. It is therefore expected that the rise in surgeries will increase demand for acupuncture treatments, fueling growth in the acupuncture needle market.
The increasing prevalence of diabetes and hypertension is one of the main factors contributing to the expanding demand for acupuncture. According to a report the WHO published in 2019, 1.13 billion people globally had hypertension. Diabetes is the main cause of hypertension, which is estimated to affect about 1 billion individuals worldwide. Long-term diabetics also frequently experience the excruciating ulceration of their legs. Acupuncture therapy helps patients with these conditions by helping to lessen their pain in these circumstances.
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The increasing number of elderly people in the globe is one of the major factors affecting the industry. The increase in the elderly population may benefit the market for acupuncture needles because they are more vulnerable to various chronic illnesses and chronic wounds. Due to the extremely low possibility of having any side effects, older people favour acupuncture treatment. Furthermore, it alleviates physical and emotional pain in the body.
Acupuncture Needles Market Report Highlights
Polaris Market Research has segmented the Acupuncture Needles Market report based on material, product type, end-use, and region:
Acupuncture Needles, Product Outlook (Revenue - USD Billion, 2019 - 2032)
Acupuncture Needles, Material Outlook (Revenue - USD Billion, 2019 - 2032)
Acupuncture Needles, End-use Outlook (Revenue - USD Billion, 2019 - 2032)
Acupuncture Needles, Regional Outlook (Revenue - USD Billion, 2019 - 2032)