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Acupuncture Emerges as Effective Approach for Rehabilitation of COVID-19 Patients

Similar to other therapeutic treatments, acupuncture holds potential in the prevention, treatment, and rehabilitation of COVID-19 patients & relieve the symptoms caused by COVID-19. This is evident since acupuncture is part of Traditional Chinese Medicine (TCM) that has been widely adopted to treat respiratory diseases. Such findings are translating into revenue opportunities for companies in the acupuncture needles market.

Manufacturers in the acupuncture needles market are tapping into incremental opportunities in China and East Asia where this therapy has been widely adopted by healthcare facilities. Since acupuncture has been proved as an effective therapeutic approach for chronic obstructive pulmonary disease (COPD) and associated breathlessness, manufacturers are ensuring steady supply of acupuncture needles for the treatment of COVID-19 patients.

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Can Acupuncture Lead to Adverse Effects in Individuals?

The pros and cons of acupuncture are influencing market growth. Although acupuncture often leaves people feeling energized, there is a possibility of infection through needles. This increases the risk of transmitting germs that might leave an individual with an infection. Hence, manufacturers in the acupuncture needles market are working closely with healthcare professionals to increase awareness about sterilization of needles before delivering the therapy to individuals.

It has been found that acupuncture is associated with fewer side effects in individuals. This explains why the acupuncture needles market is projected to and reach US$ 200 Mn by 2031.

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OA Patients Seek Help of Trained Practitioners to Gain Benefits from Acupuncture

The acupuncture needles market is predicted to expand at a modest CAGR of 5% during the forecast period. Manufacturers are boosting their production capacities in single-use and sterile acupuncture needles. The high prevalence of osteoarthritis (OA), rheumatoid arthritis, and fibromyalgia is acting as a key driver for the growth of the acupuncture needles market. However, acupuncture is associated with little to no effects in reducing pain in arthritis patients. Hence, acupuncture is being combined with other treatment modalities to improve the patient quality of life.

OA patients are seeking the help of trained and experienced practitioners to gain the benefits of acupuncture. The National Certification Commission for Acupuncture and Oriental Medicine website is gaining popularity for seeking credible acupuncturists.

Real Acupuncture Gains Popularity with Traditional Asian Theories of Meridians

In order to boost market growth, stakeholders and medical practitioners need to increase awareness about the difference between real acupuncture and sham acupuncture. Real acupuncture is helping to improve patient outcomes for individuals suffering from migraine, since in this approach the needles are inserted according to the traditional Asian theories of the meridians. Whereas, sham acupuncture, on the other hand, involves the insertion of needles without following the rules of those theories, generally considered as the placebo effect.

Manufacturers in the acupuncture needles market are boosting their production capabilities, since acupuncture is found to improve migraines in individuals.

Acupuncture Helps Relieve Period Pain

Acupuncture is becoming known for relieving menstrual cramps, which is also known as period pain. Obstetrics and gynecology experts in Australia reveal that acupuncture can drastically reduce menstrual pain and duration in women who have undergone the traditional Chinese medicine procedure over three menstrual cycles. It has been found that acupuncture may help with relieving menstrual pain more effectively than taking NSAIDs (non-steroidal anti-inflammatory drugs). Such findings are generating revenue opportunities for stakeholders in the acupuncture needles market.

The beneficial effects of acupuncture can last up to one year, regardless of timing and technique used such as manually or through electro-acupuncture. Manual acupuncture also relieves secondary symptoms of menstrual cramps such as headache and nausea. Such insights are encouraging manufacturers in the acupuncture needles market to bolster their output capacities. One of the best reasons for undergoing acupuncture for menstrual cramp relief is the absence of unwanted side effects that generally arise from other treatments.

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Analysts’ Viewpoint

It has been found that acupuncture has the potential to relieve breathlessness in COVID-19 patients. Even though patients offer anecdotal evidence that acupuncture has improved the condition of osteoarthritis patients, acupuncture offers only minimal pain and stiffness relief for osteoarthritis. Hence, stakeholders in the acupuncture needles market are increasing awareness about the combination of acupuncture with other treatment modalities to improve medical outcomes in osteoarthritis and rheumatoid arthritis patients. The awareness about real acupuncture and sham acupuncture has led to the demand for diplomats of acupuncture with minimum four years of academic training at the master’s level.

Acupuncture Needles Market: Overview

  • The global acupuncture needles market is projected to be driven by rise in prevalence of chronic diseases such as cancer in developed and developing countries
  • According to the Arthritis Foundation, arthritis is the leading cause of disability in the U.S. Around 54 million individuals suffer from arthritis, and the number is expected to reach 78 million by 2040.
  • Acupuncture is beneficial in managing pain caused by chemotherapy. Increase in incidence of cancer drives the demand for chemotherapy procedures. This, in turn, contributes to the growth of the global acupuncture needles market.
  • Preference for traditional treatment techniques is a rising trend among patients. Acupuncture therapy has no severe side effects, which fuels the demand for acupuncture therapy. This increases the demand for acupuncture needles among practitioners.
  • Acupuncture needles are regulated by the U.S. Food and Drug Administration (FDA) under good manufacturing practices and single-use standards of sterility. Hence, evolving regulatory scenario is anticipated to propel the global acupuncture needles market during the forecast period.

Acupuncture Needles: Market Drivers

  • Rise in prevalence of chronic diseases increases the number of surgeries performed. Most surgical wounds are relatively large, deep, and painful. In such cases, acupuncture provides effective relief to patients both physically and mentally. It also helps to overcome post-surgical trauma, which increases the demand for this procedure globally. Hence, rise in number of surgeries is anticipated to increase the demand for acupuncture procedures, which propels the global acupuncture needles market.
  • According to the CDC, 32% of all live births in the U.S. were cesarean deliveries. Cesarean section is a highly common procedure performed in the European Union (EU). In 2018, this procedure was performed 1.16 million times in the EU.
  • Increase in the number of injury cases is also a key factor boosting the demand for surgical kits. Road accidents have increased considerably. An alarming number of traumatic brain injury cases have been reported in countries such as Thailand, India, Australia, China, and Malaysia. According to the World Health Organization, nearly 1.35 million people die each year due to road accidents. Hence, rise in number of surgeries fuels the growth of the global acupuncture needles market.

Regional Overview: Acupuncture Needles Market

  • Asia Pacific is projected to be the fastest growing market for acupuncture needles during the forecast period due to improving healthcare infrastructure. Rise in number of acupuncture therapy centers is likely to fuel the growth of the acupuncture needles market in Asia Pacific.
  • The current and expected market revenue (US$ Mn) of these regional markets and their major countries have been provided in the report from 2021 to 2031, with their CAGRs from 2021 to 2031
  • The study also offers a list of recommendations, highlights, and useful insights of the global acupuncture needles market, which would help new companies willing to enter the market and existing companies to increase market shares and in the decision-making process

Major Players

  • The acupuncture needles market report concludes with the company profiles section, which includes key information about major players in the global acupuncture needles market
  • Leading players analyzed in the report include
    • 3B Scientific
    • AcuMedic
    • asia-med GmbH
    • Dana Medical Co., Ltd.
    • Boen Healthcare Co., Ltd.
    • Suzhou Hualun Medical Appliance Co., Ltd.
    • Wuxi Jiajian Medical Devices Co., Ltd.
    • Suzhou Zhongjing Life & Science Technology Co., Ltd.
    • Shinylink (Shanghai) Industrial, Inc.
    • Changchun Aikang Medical Devices Co., Ltd.
    • MeyerDC
    • DongBang AcuPrime
    • others
  • Each of these players has been profiled in the acupuncture needles market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

Acupuncture Needles Market Snapshot

Attribute

Detail

Market Size Value in 2020 (Base Year)

US$ 114.8 Mn

Market Forecast Value in 2031

US$ 200 Mn

Growth Rate (CAGR)

5%

Forecast Period

2021-2031

Quantitative Units

US$ Mn for Value

Market Analysis

It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview.

Competition Landscape

  • Market Share Analysis by Company (2020)
  • Company profiles section includes overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Type
    • Disposable
    • Reusable
  • Material Type
    • Silver
    • Copper
    • Tinplate-galvanized Iron
    • Stainless Steel
    • Others
  • Application
    • Arthritis
    • Back Pain, Neck Pain, or Muscle Pain
    • Headaches & Migraines
    • Knee Pain
    • Menstrual Cramps
    • Sports Injuries
    • Others
  • Distribution Channel
    • Hospital
    • Acupuncture Clinics
    • Others

Regions Covered

  • North America
  • Latin America
  • Europe
  • Latin America
  • Middle East & Africa

Countries Covered

  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • China
  • India
  • Japan
  • Australia & New Zealand
  • Brazil
  • Mexico
  • GCC Countries
  • South Africa

Companies Profiled

  • 3B Scientific
  • AcuMedic
  • asia-med GmbH
  • Dana Medical Co., Ltd.
  • Boen Healthcare Co., Ltd.
  • Suzhou Hualun Medical Appliance Co., Ltd.
  • WUXI JIAJIAN MEDICAL DEVICES CO., LTD.
  • Suzhou Zhongjing Life & Science Technology Co., Ltd.
  • Shinylink (Shanghai) Industrial Inc.
  • Changchun Aikang Medical Devices Co., Ltd.
  • MeyerDC
  • DongBang AcuPrime
  • Others

Customization Scope

Available upon Request

Pricing

Available upon Request

Acupuncture Needles Market – Scope of Report

TMR’s report on the global acupuncture needles market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2021 to 2031. The report provides revenue of the global acupuncture needles market for the period 2017–2031, considering 2020 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global acupuncture needles market from 2021 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the acupuncture needles market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global acupuncture needles market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the sheds throws light on the changing competitive dynamics in the global acupuncture needles market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global acupuncture needles market.

The report delves into the competitive landscape of the global acupuncture needles market. Key players operating in the global acupuncture needles market have been identified and each one of these is profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global acupuncture needles market profiled in this report.

Key Questions Answered in Acupuncture Needles Market Report

  • What is the sales/revenue generated by acupuncture needles across all regions during the forecast period?
  • What are the opportunities in the global acupuncture needles market?
  • What are the major drivers, restraints, opportunities, and threats in the market?
  • Which regional market is set to expand at the fastest CAGR during the forecast period?
  • Which type segment is expected to generate the highest revenue globally in 2031?
  • Which segment is projected to expand at the highest CAGR during the forecast period?
  • What are the market positions of different companies operating in the global market?

Acupuncture Needles Market – Research Objectives and Research Approach

The comprehensive report on the global acupuncture needles market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.

For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.

The report analyzes the global acupuncture needles market in terms of application, material, type, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global acupuncture needles market.

Acupuncture Needles Market – Segmentation

TMR’s study on the global acupuncture needles market includes information divided into five segments: application, material, type, end-user, and region. Changing industry trends and other crucial market dynamics associated with these segments of the global acupuncture needles market are discussed in detail.

Application
  • Arthritis
  • Back Pain, Neck Pain, or Muscle Pain
  • Headaches & Migraines
  • Knee Pain
  • Menstrual Cramps
  • Sports Injuries
  • Others
Material
  • Silver
  • Copper
  • Tinplate-galvanized Iron
  • Stainless Steel
  • Others
Type
  • Disposable
  • Reusable
End-user
  • Hospital
  • Clinics
  • Others
Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

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Acupuncture Needles Market