Acupuncture Needle Market by Type (Disposable, Non-Disposable), Needle Material (Copper, Gold, Silver), Distribution Channel, End User - Global Forecast 2024-2030

Acupuncture Needle Market by Type (Disposable, Non-Disposable), Needle Material (Copper, Gold, Silver), Distribution Channel, End User - Global Forecast 2024-2030

The Acupuncture Needle Market size was estimated at USD 133.88 million in 2023 and expected to reach USD 144.14 million in 2024, at a CAGR 8.30% to reach USD 233.96 million by 2030.

The acupuncture needle market comprises the production, distribution, and sales of various types of needles specifically designed for acupuncture treatment. Acupuncture is a traditional chinese medicine practice involving the insertion of thin, sterile needles into fixed points on the patient's body to stimulate and regulate energy flow (Qi), ultimately promoting healing and wellness. The growing prevalence of chronic diseases are coupled with increased utilization of acupuncture needles for treatment. Acupuncture needles are increasingly used in postoperative pain management to relieve anxiety and shorten patient hospital stays. The demand for acupuncture needles is also rising due to utilization in rehabilitation efforts for COPD patients. However, incidences of product recall from manufacturers are a concerning factor for the adoption of acupuncture needles. The strict regulations and standards determined by regulatory authorities associated with acupuncture needles pose challenges for manufacturers for product approvals. Furthermore, introducing advanced acupuncture needles for cancer treatment and technological advancement in the manufacturing process of acupuncture needles may be expected to generate remunerative opportunities for the market in the forecast period.

Regional Insights

In the Americas, consumer needs continue to grow due to increased awareness of acupuncture benefits and its integration into modern healthcare systems. Healthcare practitioners in the region also prefer complementary therapies such as acupuncture for pain management. There is increasing interest in acupuncture among EMEA populations due to growing globalization and medical tourism. Strict rules and regulations are imposed on complementary therapies in European countries for patient safety. In the APAC region, China and Japan continue to be the significant medical hubs engaged in treating various disease ailments through acupuncture practices. The governments in the region are also investing in research and development initiatives related to Traditional Chinese Medicine (TCM), which includes acupuncture.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Acupuncture Needle Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing prevalence of chronic diseases coupled with growing usage of acupuncture needles for the treatment
• Rising use in postoperative pain management to relieve anxiety and shorten hospital stay
• Growing demand for acupuncture needles for rehabilitation of COPD patients

Market Restraints

• Incidences of acupuncture needle recall

Market Opportunities

• Introduction of advanced acupuncture needles for the treatment of cancer
• Technological advancement in the manufacturing process of acupuncture needles

Market Challenges

• Strict regulations and standards associated with manufacturing acupuncture needles

Market Segmentation Analysis

• Type: Significance of Disposable & Reusable Acupuncture Needles
• Material: Advantages of Materials Used for Acupuncture Needles
• End-User: Diverse Applications Across Various Industries
• Distribution Channel: Increasing Popularity of Online Platforms

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Acupuncture Needle Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Acupuncture Needle Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

NJ Acupuncture Center Debuts BODYSculpt x FACESculpt in Jersey City + Bayonne

NJ Acupuncture Center have introduced BODYSculpting and FACESculpting treatments, designed to contour the body effectively and non-invasively. This treatment has shown remarkable results in reducing bloating, improving circulation, aiding lymphatic drainage, and enhancing muscle definition while tightening and toning the body.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Acupuncture Needle Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Acupuncture Needle Market, highlighting leading vendors and their innovative profiles. These include 3B Scientific GmbH, AcuMedic Ltd., Acuneeds Australia, Acurea Medical Inc., asia-med GmbH, Austin Medical Equipment, Inc., Blue Poppy Enterprises, Inc., Boen Healthcare Co., Ltd, Carbo Trading Co. Inc., Changchun Aikang Medical Devices Co., Ltd., Chiroform A/S, Dana Medical Co., Ltd., Doc Save GmbH, DongBang AcuPrime Ltd, Eastern Currents Ltd., Haeng Lim Seo Won Medical Company, HEGU Svenska AB by Lojer Oy, Jorgensen Laboratories, LLC, Lhasa OMS, Inc., McKesson Medical-Surgical Inc., Meridius Medical GmbH, North Coast Medical Inc., Phoenix Medical Ltd, Remington Medical Equipment Ltd., Schwa-Medico GmbH, Sedatelec SAS, Seirin Corporation, Shinylink Industrial Inc, Suzhou Acupuncture and Moxibustion Products Co., Ltd., Suzhou Zhongjing Life & Science Technology Co.,Ltd, TCMzone, LLC, The Betty Mills Company, Inc., The Wabbo Company, Wilkris & Co AB, Wuxi Jiajian Medical Instrument Co.,Ltd., and Zepter International.

Market Segmentation & Coverage

This research report categorizes the Acupuncture Needle Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Type
• Disposable
• Non-Disposable
• Needle Material
• Copper
• Gold
• Silver
• Stainless Steel
• Distribution Channel
• Hospital Pharmacies
• Online Pharmacies
• Retail Pharmacies
• End User
• Clinics
• Hospitals
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year