Acupuncture Needles Market by Type (Disposable, Non-disposable), Handle Material (Stainless-steel, Gold), End User (Clinics, Hospitals), Distribution Channel (Online Pharmacies, Hospital Pharmacies, Retail Pharmacies) & Region - Global Forecasts to 2027
The global acupuncture needles market is projected to reach USD 308 million by 2027 from USD 240 million in 2022, at a CAGR of 5.1% during the forecast period. Growth in this market is mainly driven by growing prevalence of musculoskeletal pain such as back, neck, and muscle pain.
""The disposable accounted for the highest growth rate in the acupuncture needles market, by type, during the forecast period.""
Based on type, the acupuncture needles market is segmented into disposable and non-disposable needles. Disposable needles accounted for a larger share of the acupuncture needles market in 2021. The risk of transmission of diseases from one patient to another from the use of disposable needles.
""Stainless-steel systems segment accounted for the highest CAGR.""
Based on handle material, the acupuncture needles market is segmented into stainless steel, gold, silver, plastic, and copper. The stainless-steel handle needles segment is expected to grow at the highest CAGR during the forecast period owing to the lower pricing of stainless steel and easy accessibility.
""The clinics accounted for the highest growth rate in the acupuncture needles market, by end user, during the forecast period.""
Based on end user, the acupuncture needles market is segmented into hospitals and clinics. The clinics segment dominated the acupuncture needles market in 2021. The increasing number of acupuncturists worldwide is the key factor driving the growth of this market segment.
""Europe: The fastest-growing region acupuncture needles market.""
The global acupuncture needles market is segmented into North America, Europe, the Asia Pacific, and the Rest of the World. In 2021, the Asia Pacific accounted for the largest share of the acupuncture needles market, followed by Europe. Europe is estimated to be the fastest-growing regional market for acupuncture needles, majorly due to increasing government supportive policies and a well-established medical device industry.
The primary interviews conducted for this report can be categorized as follows:
By Company Type: Tier 1 - 40%, Tier 2 - 30%, and Tier 3 - 30%
By Designation: C-level - 27%, D-level - 18%, and Others - 55%
By Region: North America - 51%, Europe - 21%, Asia Pacific - 18%, Latin America – 6%, and the Middle East & Africa – 4%
Lists of Companies Profiled in the Report:
Boen Healthcare Co., Ltd. (China)
3B Scientific GmbH (Germany)
Suzhou Zhongjing Life & Science Technology Co., Ltd. (China)
Wuxi Jiajian Medical Instruments Co., Ltd. (China)
AcuMedic Ltd. (UK)
Changchun AIKANG Medical Devices Co., Ltd. (China)
HEGU Svenska AB (Sweden)
Suzhou Hualun Medical Appliance Co., Ltd. (China)
asia-med GmbH (Germany)
SEIRIN Corporation (Japan)
DongBang Medical Co., Ltd. (South Korea)
Haeng Lim Seo Won Medical Company (South Korea)
Suzhou Medical Appliance Factory (Suzhou Hwato) Co., Ltd. (China)
Shinylink (Shanghai) Industrial Inc. (China)
schwa-medico GmbH (Germany)
Phoenix Medical Ltd. (UK)
EU PEAK International Co., Ltd. (Taiwan)
Meridius Medical GmbH (Germany)
Dana Medical (South Korea)
Research Coverage:
This report provides a detailed picture of the global acupuncture needles market. It aims at estimating the size and future growth potential of the market across different segments, such as type, handle material, end user, distribution channel, and region. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies.
Key Benefits of Buying the Report:
The report will help market leaders/new entrants by providing them with the closest approximations of the revenue numbers for the overall acupuncture needles market and its subsegments. It will also help stakeholders better understand the competitive landscape and gain more insights to better position their business and make suitable go-to-market strategies. This report will enable stakeholders to understand the market's pulse and provide them with information on the key market drivers, restraints, opportunities, and challenges.
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- Table 1 Inclusions And Exclusions
- 1.3 Study Scope
- 1.3.1 Years Considered
- 1.4 Currency Considered
- 1.5 Stakeholders
- 1.6 Limitations
- 2 Research Methodology
- 2.1 Research Data
- Figure 1 Acupuncture Needles Market: Research Design Methodology
- 2.1.1 Secondary Data
- 2.1.1.1 Secondary Sources
- 2.1.2 Primary Data
- Table 2 Key Data From Primary Sources
- Figure 2 Key Industry Insights
- 2.1.2.1 Breakdown Of Primary Interviews
- Figure 3 Breakdown Of Primary Interviews: Supply-side And Demand-side Participants
- Figure 4 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
- 2.2 Market Size Estimation
- Figure 5 Bottom-up Approach: Patient-based Approach
- 2.2.1 Growth Forecast
- 2.2.2 Cagr Projections
- Figure 6 Cagr Projections: Supply-side Analysis
- 2.2.3 Top-down Approach
- Figure 7 Acupuncture Needles Market: Top-down Approach
- 2.3 Market Breakdown And Data Triangulation
- Figure 8 Data Triangulation Methodology
- 2.4 Market Share Estimation
- 2.5 Study Assumptions
- 2.6 Risk Assessment
- 2.7 Impact Of Recession
- 3 Executive Summary
- Figure 9 Acupuncture Needles Market, By Type, 2022 Vs. 2027 (Usd Million)
- Figure 10 Acupuncture Needles Market, By Handle Material, 2022 Vs. 2027 (Usd Million)
- Figure 11 Acupuncture Needles Market, By End User, 2022 Vs. 2027 (Usd Million)
- Figure 12 Acupuncture Needles Market, By Distribution Channel, 2022 Vs. 2027 (Usd Million)
- Figure 13 Regional Snapshot Of Acupuncture Needles Market
- 4 Premium Insights
- 4.1 Acupuncture Needles Market Overview
- Figure 14 Rising Incidence Of Back, Neck, And Muscle Pain To Drive Market Growth
- 4.2 Asia Pacific: Acupuncture Needles Market, By Method And Country (2021)
- Figure 15 Disposable Needles Accounted For Largest Share Of Asia Pacific Market In 2021
- 4.3 Regional Growth Opportunities In Acupuncture Needles Market
- Figure 16 Italy To Register Highest Growth Rate During Forecast Period
- 4.4 Acupuncture Needles Market: Regional Mix
- Figure 17 Europe To Witness Highest Growth During Forecast Period
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- Figure 18 Acupuncture Needles Market: Drivers, Restraints, Opportunities, And Challenges
- 5.2.1 Drivers
- 5.2.1.1 Increasing Prevalence Of Back, Muscle, And Neck Pain
- 5.2.1.2 Growing Incidence Of Chronic Diseases
- 5.2.1.3 Growing Geriatric Population
- 5.2.1.4 Increasing Incidence Of Injuries And Surgeries
- Figure 19 Us: Injuries Caused By Various Sports Activities (2020)
- 5.2.2 Restraints
- 5.2.2.1 Alternative Methods And Medicines
- 5.2.2.2 Use Of Acupuncture Pens
- 5.2.2.3 Risk Of Injuries And Infections
- 5.2.3 Opportunities
- 5.2.3.1 Use Of Acupuncture In Rehabilitation Of Copd Patients
- 5.2.4 Challenges
- 5.2.4.1 Issues Related To Acupuncture Standardization
- 5.3 Supply Chain Analysis
- Figure 20 Direct Distribution—preferred Strategy Of Prominent Companies
- 5.4 Value Chain Analysis
- Figure 21 Value Chain Analysis: Major Value Added During Manufacturing And Assembly Phases
- 5.5 Ecosystem Analysis
- Figure 22 Ecosystem Analysis Of Acupuncture Needles Market
- 5.5.1 Role In Ecosystem
- 5.6 Regulatory Landscape
- 5.6.1 North America
- 5.6.1.1 Us
- 5.6.1.2 Canada
- Table 3 Canada: Medical Device Regulatory Approval Process
- 5.6.2 Europe
- 5.6.3 Asia Pacific
- 5.6.3.1 Japan
- Table 4 Japan: Medical Device Classification Under Pmda
- 5.6.3.2 China
- Table 5 China: Classification Of Medical Devices
- 5.6.3.3 India
- 5.7 Porter’s Five Forces Analysis
- Table 6 Porter’s Five Forces Analysis: Acupuncture Needles Market
- 5.7.1 Threat Of New Entrants
- 5.7.2 Intensity Of Competitive Rivalry
- 5.7.3 Bargaining Power Of Buyers
- 5.7.4 Bargaining Power Of Suppliers
- 5.7.5 Threat Of Substitutes
- 5.8 Patent Analysis For Acupuncture Needles
- Figure 23 Patent Analysis For Acupuncture Needles (January 2013 To December 2022)
- 5.9 Trade Analysis For Acupuncture Needles
- Table 7 Import Data For Hs Code 901839, By Country, 2017–2021 (Usd Million)
- Table 8 Export Data For Hs Code 901839, By Country, 2017–2021 (Usd Million)
- 5.10 Technology Analysis
- 5.11 Pricing Analysis
- Table 9 Average Selling Price Of Acupuncture Needles, By Country
- 5.12 Key Stakeholders And Buying Criteria
- 5.12.1 Key Stakeholders In Buying Process
- Figure 24 Influence Of Stakeholders On Buying Process For Top Two End Users
- Table 10 Influence Of Stakeholders On Buying Process For Top Two End Users (%)
- 5.12.2 Buying Criteria
- Figure 25 Key Buying Criteria For Top Two End Users
- Table 11 Key Buying Criteria For Top Two End Users
- 5.13 Trends/Disruptions Impacting Customers’ Businesses
- 5.14 Key Conferences And Events In 2023–2024
- Table 12 List Of Conferences And Events, 2023–2024
- 6 Acupuncture Needles Market, By Type
- 6.1 Introduction
- Table 13 Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- 6.2 Disposable Needles
- 6.2.1 Increased Safety And Easy Availability To Support Market Growth
- Table 14 Disposable Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 6.3 Non-disposable Needles
- 6.3.1 Higher Risk Of Infection To Restrain Market Growth
- Table 15 Non-disposable Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 7 Acupuncture Needles Market, By Handle Material
- 7.1 Introduction
- Table 16 Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- 7.2 Stainless-steel Handle Needles
- 7.2.1 Lower Cost And Easy Availability To Drive Growth
- Table 17 Stainless-steel Handle Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 7.3 Gold Handle Needles
- 7.3.1 Benefits Of Gold In Acupuncture To Drive Growth
- Table 18 Gold Handle Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 7.4 Silver Handle Needles
- 7.4.1 Advantages Of Silver Over Other Metals To Drive Growth
- Table 19 Silver Handle Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 7.5 Plastic Handle Needles
- 7.5.1 Lighter Weight Of Plastic Handle Needles To Propel Growth
- Table 20 Plastic Handle Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 7.6 Copper Handle Needles
- 7.6.1 Flexibility And Usability To Drive Demand
- Table 21 Copper Handle Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 8 Acupuncture Needles Market, By End User
- 8.1 Introduction
- Table 22 Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- 8.2 Hospitals
- 8.2.1 Acupuncture Therapy Integration In Ambulatory And Inpatient Services In Hospitals To Drive Growth
- Table 23 Acupuncture Needles Market For Hospitals, By Region, 2020–2027 (Usd Million)
- 8.3 Clinics
- 8.3.1 Growing Number Of Acupuncturists To Drive Growth
- Table 24 Acupuncture Needles Market For Clinics, By Region, 2020–2027 (Usd Million)
- 9 Acupuncture Needles Market, By Distribution Channel
- 9.1 Introduction
- Table 25 Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 9.2 Online Pharmacies
- 9.2.1 Online Pharmacies Form Largest Distribution Channel For Acupuncture Needles
- Table 26 Acupuncture Needles Market For Online Pharmacies, By Region, 2020–2027 (Usd Million)
- 9.3 Retail Pharmacies
- 9.3.1 Retail Pharmacies Segment To Witness Moderate Growth During Forecast Period
- Table 27 Acupuncture Needles Market For Retail Pharmacies, By Region, 2020–2027 (Usd Million)
- 9.4 Hospital Pharmacies
- 9.4.1 Improving Healthcare Infrastructure To Drive Segment Growth
- Table 28 Acupuncture Needles Market For Hospital Pharmacies, By Region, 2020–2027 (Usd Million)
- 10 Acupuncture Needles Market, By Region
- 10.1 Introduction
- Table 29 Acupuncture Needles Market, By Region, 2020–2027 (Usd Million)
- 10.2 North America
- Figure 26 North America: Acupuncture Needles Market Snapshot
- Table 30 North America: Acupuncture Needles Market, By Country, 2020–2027 (Usd Million)
- Table 31 North America: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 32 North America: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 33 North America: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 34 North America: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.2.1 Us
- 10.2.1.1 Us To Dominate North American Market Over Forecast Period
- Table 35 Us: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 36 Us: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 37 Us: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 38 Us: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.2.2 Canada
- 10.2.2.1 Growing Acceptance To Drive Market
- Table 39 Canada: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 40 Canada: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 41 Canada: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 42 Canada: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3 Europe
- Table 43 Europe: Acupuncture Needles Market, By Country, 2020–2027 (Usd Million)
- Table 44 Europe: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 45 Europe: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 46 Europe: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 47 Europe: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.1 Germany
- 10.3.1.1 Germany To Command Largest Share Of European Market
- Table 48 Germany: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 49 Germany: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 50 Germany: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 51 Germany: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.2 Uk
- 10.3.2.1 Rising Prevalence Of Osteoarthritis To Drive Market
- Table 52 Uk: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 53 Uk: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 54 Uk: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 55 Uk: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.3 France
- 10.3.3.1 Increasing Acceptance To Accelerate Market Growth
- Table 56 France: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 57 France: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 58 France: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 59 France: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.4 Italy
- 10.3.4.1 Increasing Healthcare Expenditure To Propel Market
- Table 60 Italy: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 61 Italy: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 62 Italy: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 63 Italy: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.5 Spain
- 10.3.5.1 Unfavorable Regulations To Restrain Growth
- Table 64 Spain: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 65 Spain: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 66 Spain: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 67 Spain: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.3.6 Rest Of Europe
- Table 68 Rest Of Europe: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 69 Rest Of Europe: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 70 Rest Of Europe: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 71 Rest Of Europe: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4 Asia Pacific
- Figure 27 Asia Pacific: Acupuncture Needles Market Snapshot
- Table 72 Asia Pacific: Acupuncture Needles Market, By Country, 2020–2027 (Usd Million)
- Table 73 Asia Pacific: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 74 Asia Pacific: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 75 Asia Pacific: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 76 Asia Pacific: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4.1 Japan
- 10.4.1.1 Increasing Prevalence Of Osteoarthritis To Propel Market Growth
- Table 77 Japan: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 78 Japan: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 79 Japan: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 80 Japan: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4.2 China
- 10.4.2.1 Presence Of Major Players To Support Market Growth
- Table 81 China: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 82 China: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 83 China: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 84 China: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4.3 India
- 10.4.3.1 Growing Incidence Of Low Back Pain To Drive Market Growth
- Table 85 India: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 86 India: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 87 India: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 88 India: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4.4 South Korea
- 10.4.4.1 Increasing Incidence Of Musculoskeletal Diseases To Drive Growth
- Table 89 South Korea: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 90 South Korea: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 91 South Korea: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 92 South Korea: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.4.5 Rest Of Asia Pacific
- Table 93 Rest Of Asia Pacific: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 94 Rest Of Asia Pacific: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 95 Rest Of Asia Pacific: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 96 Rest Of Asia Pacific: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 10.5 Rest Of The World
- Table 97 Rest Of The World: Acupuncture Needles Market, By Type, 2020–2027 (Usd Million)
- Table 98 Rest Of The World: Acupuncture Needles Market, By Handle Material, 2020–2027 (Usd Million)
- Table 99 Rest Of The World: Acupuncture Needles Market, By End User, 2020–2027 (Usd Million)
- Table 100 Rest Of The World: Acupuncture Needles Market, By Distribution Channel, 2020–2027 (Usd Million)
- 11 Competitive Landscape
- 11.1 Overview
- 11.2 Market Ranking Analysis
- Figure 28 Acupuncture Needles Market Ranking Analysis, By Key Player (2021)
- 11.3 Company Evaluation Quadrant (2021)
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