Acupuncture Needles Market Forecasts to 2030 – Global Analysis By Type (Disposable and Non-disposable), By Material Type (Stainless-steel, Gold, Silver, Plastic and Copper), Application, End User and By Geography

Acupuncture Needles Market Forecasts to 2030 – Global Analysis By Type (Disposable and Non-disposable), By Material Type (Stainless-steel, Gold, Silver, Plastic and Copper), Application, End User and By Geography

According to Stratistics MRC, the Global Acupuncture Needles Market is accounted for $151.1 million in 2023 and is expected to reach $285.9 million by 2030 growing at a CAGR of 9.5% during the forecast period. Acupuncture needles are thin, sterile, stainless steel needles used in traditional Chinese medicine. Inserted into specific points on the body, acupuncture aims to stimulate energy flow to promote healing and balance. Its advantages include pain relief, stress reduction, and treating various ailments.

According to Practical Pain Management, it is estimated that up to 80% of the US population will experience back pain at some point in their lives. The treatment of low back pain (LBP), in particular, runs at least USD 50 billion in US healthcare costs each year.

Market Dynamics:

Driver:

Growing awareness of traditional medicine

Individuals seek holistic and non-invasive approaches to healthcare, traditional Chinese medicine, including acupuncture, has gained prominence. Increased awareness, fueled by educational initiatives and information dissemination, has fostered a broader acceptance of these ancient healing practices. Patients and healthcare providers alike are recognizing the therapeutic benefits of acupuncture needles in addressing various conditions, from chronic pain to mental health issues. This growing acknowledgment reflects a paradigm shift towards embracing time-tested, alternative therapies, propelling the acupuncture needles market.

Restraint:

Needle safety concerns

Apprehensions regarding hygiene, needle disposal and the risk of infections can deter potential patients from embracing acupuncture as a therapeutic option. The fear of needle-related complications may hinder the acceptance of this traditional practice, especially among individuals with a low pain threshold or heightened anxiety. Despite stringent sterilization protocols, the perception of safety risks associated with needle use remains a challenge.

Opportunity:

Clinical evidence of efficacy

Scientific research validates the therapeutic benefits of acupuncture in pain management, mental health and various medical conditions, it enhances the credibility and acceptance of this traditional practice. The availability of robust clinical data provides healthcare professionals and patients with assurance regarding the effectiveness of acupuncture, potentially expanding its integration into mainstream medicine. This evidence-driven approach not only attracts a broader patient base seeking evidence-based therapies but also fosters collaboration between traditional and Western medicine.

Threat:

Lack of standardization

This lack of standardization not only poses potential risks to patient safety but also hampers the ability to conduct rigorous scientific studies and establish a clear understanding of acupuncture's mechanisms of action. It impedes the development of comprehensive training programs for practitioners, contributing to inconsistencies in skill levels and treatment outcomes. The absence of universally accepted protocols and guidelines raises concerns about treatment consistency, quality, and safety. Variability in manufacturing standards, needle materials, and practitioner techniques may undermine the reliability and credibility of acupuncture as a therapeutic modality.

Covid-19 Impact:

The COVID-19 pandemic has impacted the market by disrupting healthcare services and causing shifts in patient priorities. Lockdowns and social distancing measures led to a temporary decline in acupuncture sessions, affecting market growth. However, as societies adapt to the new normal, there is a potential for increased interest in acupuncture as a holistic therapy for stress relief and immunity support. The pandemic has underscored the importance of alternative healthcare, presenting opportunities for the acupuncture needles market to rebound and address evolving health and wellness needs

The disposable generators segment is expected to be the largest during the forecast period

Disposable acupuncture needles are a pivotal segment in the market, offering hygienic and safe treatment options. These single-use needles eliminate the risk of cross-contamination, ensuring patient safety. Healthcare practitioners widely adopt disposable needles due to their convenience, reducing the need for sterilization and enhancing overall efficiency. The disposable nature of these needles aligns with stringent hygiene standards, addressing concerns related to needle safety. Additionally, the convenience of disposal aligns with modern healthcare practices, contributing to the increasing popularity and adoption of disposable acupuncture needles for their role in providing a reliable and safe acupuncture experience.

The hospitals segment is expected to have the highest CAGR during the forecast period

During the anticipated period, the hospitals segment is expected to increase at the most effective rate. Major healthcare institutions, hospitals incorporate acupuncture to offer patients a holistic approach to treatment. Acupuncture within hospital settings is particularly valuable for managing chronic pain, alleviating stress, and promoting overall well-being. The acceptance of acupuncture within hospitals reflects a broader trend toward integrative medicine, acknowledging the importance of alternative therapies in conjunction with conventional medical practices. This integration not only expands patient access to acupuncture but also enhances its credibility within the mainstream healthcare landscape.

Region with largest share:

North America stands at the forefront of the market, driven by a growing acceptance of alternative therapies. The region witnesses a rising demand for acupuncture due to increasing awareness, coupled with a preference for non-invasive treatments. The integration of acupuncture into mainstream healthcare and a surge in chronic health conditions contribute to its popularity. Additionally, robust research and clinical validation of acupuncture's efficacy further boost its adoption. With an expanding market and a receptive population, North America remains a key driver for the acupuncture needles industry, reflecting a broader trend towards holistic and complementary healthcare practices.

Region with highest CAGR:

Asia Pacific holds a prominent position in the market, driven by its rich cultural heritage and widespread acceptance of traditional Chinese medicine. The region's robust demand is fuelled by the growing awareness of acupuncture's therapeutic benefits. Rising healthcare expenditure, coupled with a surge in chronic diseases, further propels market growth. Additionally, favorable government initiatives supporting alternative therapies, increasing integration of acupuncture into mainstream healthcare systems and the availability of skilled practitioners underscore the region's pivotal role in shaping the global landscape for market.

Key players in the market

Some of the key players in Acupuncture Needles market include 3B Scientific, AcuMedic, asia-med GmbH, Boen Healthcare Co., Ltd., Changchun Aikang Medical Devices Co., Ltd., DongBang AcuPrime, MeyerDC, SEIRIN Corporation, Suzhou Hualun Medical Appliance Co., Ltd., Suzhou Zhongjing Life & Science Technology Co., Ltd. and WUXI JIAJIAN MEDICAL DEVICES CO., LTD.

Key Developments:

In October 2023, 3B Scientific, a leading manufacturer and marketer of medical simulation products and anatomical models for healthcare education, announces 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.

Types Covered:
• Disposable
• Non-disposable

Material Types Covered:
• Stainless-steel
• Gold
• Silver
• Plastic
• Copper

Applications Covered:
• Arthritis
• Back Pain
• Headaches & Migraines
• Knee Pain
• Menstrual Cramps
• Sports Injuries
• Other Applications

End Users Covered:
• Hospitals
• Clinics
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements