Market Overview
The acupuncture needle market is expected to earn $240 million in sales in 2022 and $308 million by 2030, rising at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2030. The new study report is an assessment of the market's key trends. Market buying patterns, pricing analysis, patent analysis, conference and webinar materials, and industry trends are all part of the most recent research study. The growing frequency of musculoskeletal pain, the number of injuries and procedures, and these trends are the key drivers of market expansion.
Acupuncture Needles Market Dynamics
Driver: Increasing prevalence of back, muscle, and neck pain
The outcomes of the study point to acupuncture as a viable therapy for persistent low back pain. Acupuncture points, according to Western practitioners, are places for stimulating connective tissue, muscles, and nerves. This stimulation is thought to augment the body's natural painkillers. Back pain affects up to 80% of Americans at some time in their life, according to Practical Pain Management. The treatment of low back pain (LBP) costs the US healthcare system at least USD 50 billion a year. Musculoskeletal problems affect 1.71 million individuals globally, according to the WHO (July 2022).
Growing demand for acupuncture
Acupuncture is becoming more popular at wellness centres, spas, and even beauty clinics. This diversification has resulted in the development of specialised acupuncture needles to meet the specific treatment requirements of different contexts.
Furthermore, the rise of e-commerce platforms has made acupuncture needles more widely available. A large selection of acupuncture needle alternatives are now available on online markets, bringing convenience and choice to both practitioners and consumers.
Restraint: Alternative methods and medicines
Alternative forms of stimulation are frequently employed over the acupuncture sites in place of needles. Among others, they include electromagnetic energy impulses, friction, heat (moxibustion), pressure (acupressure), and suction (cupping). Non-steroidal anti-inflammatory medicines (NSAIDs) are among the most often prescribed medications and have a variety of applications in the treatment of back and muscular pain. One major problem impeding the market's expansion is the use of complementary therapies and pharmaceuticals (such NSAIDs) to treat headaches, tight muscles, arthritis, and other aches and pains.
Opportunity: Use of acupuncture in rehabilitation of COPD patients
The outcomes of the study point to acupuncture as a viable therapy for persistent low back pain. Acupuncture points, according to Western practitioners, are places for stimulating connective tissue, muscles, and nerves. This stimulation is thought to augment the body's natural painkillers. Back pain affects up to 80% of Americans at some time in their life, according to Practical Pain Management. The treatment of low back pain (LBP) costs the US healthcare system at least USD 50 billion a year. Musculoskeletal problems affect 1.71 million individuals globally, according to the WHO (July 2022).
Challenge: Issues related to acupuncture standardization
There are a number of controversies or even issues that are misunderstood in the acupuncture and moxibustion industry as a result of the special characteristics of acupuncture therapy based on syndrome distinction. The growth of standardisation in various domains is being slowed down by these issues. According to a poll, 36.1% of respondents said that standardising moxibustion and acupuncture would limit the features of treatments based on the differentiation of syndromes and personalised care.
Disposable segment accounted for the largest share of the acupuncture needles market, by type
The market is divided into disposable and non-disposable needles based on kind. The market has a bigger percentage of disposable needles. The danger of disease transmission will be reduced by the use of disposable needles.
The non-disposable needles category is expected to increase at a modest rate in the acupuncture needles market throughout the forecast period. One of the biggest disadvantages of this product's material rate is the significant danger of disease transmission from one patient to another via non-disposable needles. Non-disposable needles, on the other hand, are extensively utilised in undeveloped and underdeveloped nations due to a lack of basic awareness about hygiene and Hospital Acquired Infections (HAIs) among patients and healthcare personnel.
Stainless-steel segment accounted for the largest share in the acupuncture needles market, by portability
The market is divided into stainless steel, gold, silver, plastic, and copper segments according on the handle material. Due to the lower price of stainless steel and the ease of availability, the stainless-steel handle needles category is expected to account for the greatest share over the projection period.
Clinics segment accounted for the largest share in the acupuncture needles market, by end user
Based on end users, the market is divided into hospitals and clinics. The clinical industry dominated the market. The rising number of private acupuncture clinics globally is the primary driver of this market segment's growth.
Online pharmacies segment accounted for the largest share in the acupuncture needles market, by distribution channel
The market has been divided into hospital, retail, and internet pharmacies based on the distribution route. The biggest market share, 49.0%, was held by the category of internet pharmacies. This is explained by elements like how simple it is to obtain a variety of goods in internet pharmacies.
Asia Pacific is the largest region for acupuncture needles market.
The global market is divided into four regions: North America, Europe, Asia Pacific and Rest of the World. Asia-Pacific held the largest market share, followed by Europe. The main driver of the market is the recent increase in the number of local and international companies doing business in the Asia Pacific region.
Technology Trends
Acupuncture needle manufacturing has seen a spike in technological developments. Acupuncture needle manufacturers are actively investing in research and development to improve the design, materials, and manufacturing process. This has resulted in the development of needles with increased sharpness, reduced pain, and higher insertion efficiency.
Furthermore, the incorporation of nanotechnology has opened up new possibilities in the production of acupuncture needles. To improve the therapeutic effects of needle coatings, nanoparticles are being introduced. Such advancements are projected to transform the acupuncture needle industry, giving patients more effective and tailored treatment alternatives.
Competitive Landscape
The key players of this market are Seirin Corporation (Japan), Suzhou Hualun Medical Appliance Co., Ltd. (China), Boen Healthcare Co., Ltd. (China), Wuxi Jiajian Medical Instruments Co., Ltd. (China) and Suzhou Zhongjing Life & Science Technology Co., Ltd. (China). The market has a fair amount of consolidation. The growing demand for acupuncture therapy has prompted numerous local firms to enter the acupuncture needle market. For instance, Ora Acupuncture, a new acupuncture centre in the United States, will open in 2020.
Market Segmentation
- Product Outlook (Revenue, USD Million)
- Disposable Needles
- Non-disposable Needles
Material Outlook (Revenue, USD Million)
- Stainless Steel
- Gold
- Silver
End-use Outlook (Revenue, USD Million)
- Hospital
- Clinics
- Others
Regional Outlook (Revenue, USD Million)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The U.K.
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Rest of MEA