Acupuncture Needles Market Size & Growth Report, 2032
Global Acupuncture Needles Market Size, Share & Growth Analysis Report, 2024-2032

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, 2024- 2032

  • Published Date:Jan-2024
  • Pages: 118
  • Format: PDF
  • Report ID: PM3259
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The size of the worldwide market for acupuncture needles, which was estimated at USD 251.28 million in 2023 is anticipated to increase at a CAGR of 4.7% from 2024 to 2032. One of the main drivers of market expansion is the rise in chronic diseases like diabetes, obesity, and other autoimmune diseases around the world as a result of things like antimicrobial resistance, unhealthy and sedentary lifestyles, alcohol consumption, and smoking. Over 100.0 million Americans were dealing with diabetes or prediabetes conditions in 2022, according to the Centers for Disease Control and Prevention's (CDC) National Diabetes Statistic Report. Additionally, according to the WHO, diabetes was directly responsible for roughly 1.6 million deaths worldwide in 2021. Chronic disease-related discomfort can be effectively treated and managed with acupuncture.

Acupuncture Needles Market Size

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The frequency of surgeries has also grown as a result of the rise in chronic conditions. The majority of surgical wounds are painful, deep, and relatively big in size. Acupuncture effectively relieves the patients' physical and emotional suffering in these situations. The demand for this procedure is rising worldwide as a result of the fact that it also aids in the recovery from post-surgical trauma. As a result, it is anticipated that the growing number of surgeries will boost demand for acupuncture treatments, driving the acupuncture needles market to expand.

One of the primary causes of the growing demand for acupuncture is the rising incidence of diabetes and hypertension. In 2021, the WHO released a report estimating that 1.13 billion people worldwide had hypertension. Hypertension, which is thought to impact about 1.00 billion people worldwide, is primarily brought on by diabetes. Furthermore, people who have long-term diabetes frequently develop painful diabetic leg ulcers. In these situations, acupuncture therapy aids people with these conditions in lessening their pain. By providing mental relief, it also aids in lowering hypertension, propelling the market for acupuncture needles to expand over the forecast period.

One of the key factors affecting the industry is the growing elderly population in the world. Because the elderly population is more susceptible to different chronic diseases and chronic wounds, the rise in the elderly population may have a positive effect on the market for acupuncture needles. Older individuals prefer to choose acupuncture treatment because the likelihood of experiencing any side effects is extremely low. Additionally, it provides relief for both bodily and mental pain in the body.

Industry Dynamics

Growth Drivers

The results of the study point to acupuncture as a potential treatment for chronic low back pain. The acupuncture points, according to western practitioners, are the locations to activate connective tissue, muscles, and nerves. This stimulus is thought to increase the body's natural painkillers. Up to 80% of Americans, per Practical Pain Management, are predicted to experience back pain at some time in their lives. Each year, the US healthcare system spends at least USD 50 billion on treating low back pain (LBP). Worldwide, 1.71 million individuals have musculoskeletal conditions, according to the WHO (July 2022).

Acupuncture Needles Market Size

Report Segmentation

The market is primarily segmented based product type, material, end-use, and region.

By Product

By Material

By End-use

By Region

  • Disposable Needles
  • Non-disposable Needles
  • Stainless Steel
  • Gold
  • Silver
  • Hospital
  • Clinics
  • Others
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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In 2022, the disposable needles segment has accounted for the largest market share.

The disposable needles category had the largest market share and is projected to expand at the fastest rate. The low chance of disease transmission from patient to patient and the product's low cost are two of the many benefits that are contributing to the segment's growth. In addition, due to accessibility and safety concerns, most healthcare experts advise using disposable products. Thus, over the course of the forecast period, significant segment growth is expected.

Over the course of the forecast period, the non-disposable needles market is expected to expand at a moderate rate. One of the main drawbacks that accounts for the product's low material rate is the high danger of disease transmission from patient to patient using non-disposable needles.

The hospital segment will account for a higher share of the market during forthcoming year

The market for acupuncture needles in hospitals had the highest revenue share in 2022. The primary drivers of segment development are the rising incidences of venous leg ulcers and diabetic foot ulcers. Additionally, the segment's expansion is being fueled by an increase in surgical wound instances brought on by the growing number of operations. Such factors may spur segment development over the forecast period since acupuncture therapy aids in reducing the pain brought on by SSI wounds.

Silver needle is expected to hold the significant market share in 2032

Due to their many benefits, including their efficient thermal impact in warm acupuncture procedures due to high thermal conductivity, silver needles are expected to experience a moderate growth rate over the forecast period. It also provides people with better and quicker relief than other materials do. Due to these benefits, patients have lately expressed a greater desire for silver needles, which is causing the segment to grow.

Due to their numerous benefits, including their efficient thermal effect in warm acupuncture procedures due to their high thermal conductivity, the silver needles are expected to experience a moderate growth rate over the forecast period. Additionally, compared to other materials, it provides patients with greater and quicker relief. As a result of these benefits, patient demand for silver needles has lately increased, fueling the segment's growth. The limited number of market participants who give this product and the high cost of the material, however, might impede segment growth.

Acupuncture Needles Market Size

The demand in Asia Pacific is expected to witness significant growth during projected timeframe

The market for acupuncture needles was led by Asia Pacific in 2022. Over the forecast period, the area is anticipated to experience the fastest growth rate. It is anticipated that the presence of developing nations like China, India, and Japan will accelerate market development in the area. Acupuncture is a popular traditional Chinese medicine option in both China and Japan. Also contributing to the rise in demand for acupuncture treatments in this region is the rapidly expanding medical tourism business in these nations. For instance, according to the India's Directorate-General of Commercial Intelligence and Statistics' report on Export Health Services.

Acupuncture Needles Market Size

Competitive Insight

Some of the major players operating in the global acupuncture needles market include 3B SCIENTIFIC GMBH; AcuMedic Ltd.; asia-med GmbH; SEIRIN; Dana Medical Co.; Suzhou Hualun Medical Appliance Co., Ltd; Boen Healthcare Co., Ltd.; WUXI JIAJIAN MEDICAL DEVICES CO.; LTD.; Suzhou Zhongjing Life & Science Technology Co., Ltd.

Recent Developments

  • As per the 2020 article in the JAMA Oncology publication, acupuncture and acupressure can help cancer patients feel less pain. Many local companies have entered the market for acupuncture needles as a result of the rising demand for acupuncture treatments. For instance, Ora Acupuncture, a brand-new acupuncture facility, opened its doors in the United States in March 2020.

Acupuncture Needles Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 258.68 million

Revenue forecast in 2032

USD 372.40 million

CAGR

4.7% from 2024 - 2032

Base year

2023

Historical data

2019- 2022

Forecast period

2024 - 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

By Product Type, By Material, By End-use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

3B SCIENTIFIC GMBH; AcuMedic Ltd.; asia-med GmbH; SEIRIN; Dana Medical Co.; Suzhou Hualun Medical Appliance Co., Ltd; Boen Healthcare Co., Ltd.; WUXI JIAJIAN MEDICAL DEVICES CO.; LTD.; Suzhou Zhongjing Life & Science Technology Co., Ltd.

Gain profound insights into the 2024 Acupuncture Needles Market with meticulously compiled statistics on market share, size, and revenue growth rate by Polaris Market Research Industry Reports. This thorough analysis not only provides a glimpse into historical trends but also unfolds a roadmap with a market forecast extending to 2032. Immerse yourself in the comprehensive nature of this industry analysis through a complimentary PDF download of the sample report.

 

FAQ's

The acupuncture needles market report covering key segments are product, material, end-use, and region.

Acupuncture Needles Market Size Worth $372.40 Million by 2032.

The acupuncture needles market anticipated to increase at a CAGR of 4.47% from 2023 to 2032.

Asia Pacific is leading the global market.

key driving factors in acupuncture needles market are increase in adoption of acupuncture for pain management.