Global acupuncture electrostimulation devices market - 2024-2031

Global acupuncture electrostimulation devices market - 2024-2031

The global acupuncture electrostimulation devices market reached US$YY million in 2023 and is expected to reach US$YY million by 2031, growing at a CAGR ofYY% during the forecast period 2024-2031.

Electric-acupuncture devices are conventional treatment techniques with a wide range of treatment applications. Acupuncture electrostimulation devices are the most effective treatment with fewer effects than drug therapies. These devices have been proven to promote blood flow, relieve pain, and remove stasis.

In cases where intensive, high frequency, and prolonged treatments might be deemed essential, as with certain stubborn neurological disorders, electro-acupuncture is the only means to provide effective daily therapies.

Electric acupuncture is less invasive and cost-effective when compared to other treatment options. With the rising advancement of technologies, which enabled electric acupuncture devices with real-time control of pulsating electric frequencies, the acupuncture electrostimulation devices market is growing globally.

According to recent studies, it is observed that electroacupuncture devices are also effective in improving gut health, particularly in chronic constipation. It also found that electric acupuncture devices improved the hypothalamic functional connectivity and helped in mesenchymal stem cell release into the bloodstream.

Market Dynamics: Drivers

Technological Advantages in the Healthcare System

Multiple factors drive the acupuncture electrostimulation devices market. One of the key factors driving the market is the technological innovations that help to enhance and provide accurate results for these devices.

The rising modern technologies and countries having high healthcare expenditures drive the market growth. Electric acupuncture devices are in greater demand as a result, as they are thought to be a non-invasive and affordable therapeutic alternative.

For instance, In May 2023, 3B Scientific GmbH introduced a new series of acupuncture needles, specifically designed to offer enhanced biocompatibility. This innovation aims to cater to acupuncturists who prioritize patient comfort in their practices.

Moreover, major players' strategies such as partnerships and collaborations help to drive the market. For instance, in October 2023, 3B Scientific announced its acquisition of Wallcur LLC, a prominent provider of healthcare simulation products. This acquisition broadens 3B Scientific's product offering and further demonstrates our ongoing commitment to advancing medical training.

Also, in October 2023, Sage journal research publication stated that the electrical stimulation of motor points and/or of the spinal accessory nerve may be superior in terms of pain relief (but not quality of life) to dry needling and possibly electrical stimulation of trigger points for the management of MPS involving the trapezius.

Restraints

Factors such as the high cost of devices, side effects related to acupuncture treatment, limited reimbursement policies, lack of skilled practitioners, concerns regarding safety and compliance with regulations, cultural & traditional obstacles, and competition from alternative therapies are expected to hamper the market.

For more details on this report - Request for Sample

Segment Analysis

The acupuncture electrostimulation devices market is segmented based on type, application, end-user and region.

The disposable needles segment accounted for approximately 49.6% of the acupuncture electrostimulation devices market share

The disposable needles segment is expected to hold the largest market share over the forecast period. The product's numerous benefits, such as its low cost and little danger of illness transfer from one patient to another, are the main causes of this market segment's rise.

Single-use needles intended for individual sessions are what disposable acupuncture needles are, according to an article published by the New Zealand Acupuncture Standard Authority Inc. (NZASA). To maintain hygiene and avoid cross-contamination, these needles—which are composed of materials like stainless steel—are thrown away after each use.

In contemporary acupuncture techniques, disposable needles are chosen by medical practitioners due to their emphasis on safety and sanitation, which comply with regulations and reduce the danger of patient infection.

Geographical Analysis

North America accounted for approximately 42.3% of the acupuncture electrostimulation devices market share

North America region is expected to hold the largest market share over the forecast period. Growing awareness, a high number of patients with hypertension cases, a developed healthcare system, and an aging population are some of the main factors driving this trend.

In the United States in 2021, hypertension was the primary cause of 691,095 deaths, or a contributing factor, according to a July 2023 CDC publication. With a systolic blood pressure of >130 mmHg or a diastolic blood pressure of <80 mmHg, over half of adults (48.1%, or 119.9 million individuals) have hypertension and are on medication for it. The market is being helped by these factors.

The U.S. Food and Drug Administration published a proposed rule in March 2024 that would outlaw electrical stimulation devices meant to lessen or cease aggressive or self-harming behavior. According to the EPA, there is an unjustifiable and significant risk of disease or harm from these devices.

COVID-19 Impact Analysis

The COVID-19 pandemic significantly impacted the acupuncture electrostimulation devices market. People are turning towards natural products and approaching things that can be resolved without medication. Many times, individuals also view electric acupuncture from a preventive perspective.

National Institutes of Health (NIH) studies have shown that electric acupuncture devices are an effective treatment alone or in combination with conventional therapies to treat nausea caused by surgical anesthesia and cancer chemotherapy, carpal tunnel syndrome, addiction, menstrual cramps, tennis elbow, headaches, myofascial pain, osteoarthritis, dental pain after surgery, low back pain, fibromyalgia, asthma, and others.

Electric acupuncture devices offer a non-drug and self-examined treatment option that offers calmness and tension reduction which increases market size.

Market Segmentation

By Type
• Electroacupuncture point Stimulators
• Acupuncture Needles
Disposable Needles
Non-disposable Needles
• Acupuncture Detectors (Pressure feelers)
• Instruments
Glass rod
Acupuncture Pen
Progressive illumination lamp
Others

By Application
• Pain Syndrome Illnesses
• Gynecological Disorders
• Psychological Illnesses
• Others

By End-Users
• Hospital
• Specialty Clinics & Wellness Centre
• Research & Academic Institutes
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
U.K.
France
Spain
Italy
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
• Middle East and Africa

Competitive Landscape

The major global players in the acupuncture electrostimulation devices market include Thermo Fisher Scientific Inc, 3B Scientific GmbH, Sedatelec, Wuxi Jiajian Medical Instruments Co., Ltd., Asia-med GmbH, SEIRIN Corporation, MKW Laser system GmbH, Finesun Worldwide Group, Zepter International, Schwa-medico GmbH, among others among others.

Key Developments

 On April 30, 2024, AcuPips Ear Seeds are made to precisely position themselves on-ear pressure points, where they make a direct connection to the central nervous system.

 On December 8, 2023, AcuMedic Ltd. completed the acquisition of a smaller competitor. The acupuncture needle sector in the United Kingdom has seen AcuMedic's market position bolstered by this acquisition.

 On May 22, 2023, Gansu University of Traditional Chinese Medicine (GUCM) recently signed a memorandum of understanding (MOU) with two research institutes in Pakistan to start a certification course in acupuncture.

 On April 13, 2021, the Acupuncture Center and Museum was established by South Africa's University of Johannesburg (UJ) they collaborated with the Fujian University of Traditional Chinese Medicine.

Why Purchase the Report?
• To visualize the acupuncture electrostimulation devices market segmentation based on type, application, end-user and region as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of acupuncture electrostimulation devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in excel consisting of key products of all the major players.

The acupuncture electrostimulation devices market report would provide approximately 62 tables, 61 figures, and 182 Pages.

Target Audience 2024
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies