Acupuncture has seen extensive growth in recent years as more people have invested in the shift to less invasive traditional remedies. The Acupuncture Market Insights is expected to cross the USD 151 billion by 2030 at 17.1% CAGR during the forecast period (2022-2030).
Acupuncture has been reported to be useful in relieving muscle tension and chronic pain by stimulating blood circulation throughout the body. Acupuncture has displayed superior results in the treatment of PMS, infertility, PCOS, menopause, mental stress, and other hormonal abnormalities that fuel the market's expansion.
Segmental Analysis
The segmental assessment of the acupuncture market is conducted based on application, product, and services, end user, and region.
· By product & services, the acupuncture market consists of services and products.
· By end-user, the acupuncture market consists of hospitals & specialty clinics, and wellness centers. The acupuncture market consists of gynecological disorders and pain syndrome illnesses by application.
· By region, the acupuncture market consists of the Americas, Europe, Asia Pacific, Africa, and the Middle East.
Detailed Regional Analysis
The regional examination of the acupuncture market consists of the Americas, Europe, Asia-Pacific, Africa, and the Middle East. According to the market's regional investigation, the European region is projected to control most of the global acupuncture market. The progress is attributable to the intensifying prevalence of long-lasting diseases and the mounting predilection for acupuncture therapy among the European population. Furthermore, stable market rivals contribute substantially to market growth in the region. The expansion of insurance coverage by other private enterprises in countries such as France, Austria, Spain, and others will provide a favorable background for market growth in the European continent. The Asia Pacific region is projected to be the fastest-growing global acupuncture market. The existence of countries such as China, Japan, and Korea which have a strong rate of adoption for acupuncture therapies, is credited with the evolution of the Asia Pacific acupuncture market. Additionally, the flourishing number of companies manufacturing acupuncture products and the prevalence of chronic diseases are powering the market growth in this region.
Competitive Analysis
The upsurge in innovative technologies in the global supply chain is estimated to generate opportunities during the forecast period. The market is projected to witness an improvement in growth cues in the near future. The reclaimed market potential is projected to augment the worldwide market's progress. The essential policies being developed by government bodies worldwide are thought to have a powerful role in the global advancement of the market. The restructuring of the market's fundamental operations is expected to impact the market shortly. The market's production stability is predicted to be variable. Each manufacturer is expected to make microeconomic decisions to ensure long-term business growth and continuity during the forecast timeframe. The COVID-19 pandemic's drastic changes in the global financial intermediation structure are believed to influence how firms acquire finance in the comparable period. The mindset of hypervigilance in the aftermath of the pandemic is intended to guide market decisions throughout the projected period.
The illustrious contenders in the acupuncture market are Zepter International, Acumedic Limited, MKW Laser System GmbH, 3B Scientific GmbH, Asia-Med Gmbh, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, Wuxi Jiajian Medical Instruments Co. Ltd., and SIRIN Corporation.
Industry Updates:
· Dec 2021 According to the findings of a recently published clinical investigation, the effects of acupuncture on symptoms are long-lasting. The National Institutes of Health Chronic Prostatitis Symptom Index (NIH-CPSI), which awards scores for pain, urine function, and quality of life, was used to measure treatment benefits. The males were followed for 24 weeks following the eight weeks of treatment.
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Global Acupuncture Market Research Report: By Product & Services (Services, Product), Application (Pain Syndrome Illnesses, Gynecological Disorders, Others), by End-User (Wellness Center, Hospitals & Specialty Clinics, Others) Global Forecast Till 2027Market Insights:As per the report published by Market Research Future (MRFR), the global acupuncture market is anticipated to garner a notable CAGR of 14.50% over the assessment period of 2018 to 2023 and earn revenues worth USD 55323.8 million by 2023.The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy.
Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain.
The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people.
MRFR identifies these factors as market driver that are anticipated to impel the acupuncture market growth over the evaluation period.Key Players:Cymedics GmbH & Co. KG, Ltd, Schwa-medico GmbH, 3B Scientific GmbH, SEIRIN Corporation, Zepter International, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd, asia-med GmbH, Wuxi Jiajian Medical Instruments Co., MKW Laser system GmbH are companies operating in the acupuncture market.Industry News:In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.Segmental Overview:The acupuncture market’s segmental analysis provides a compendious understanding of the market that allows identification of new growth windows.
The acupuncture market study has been segmented into application, end-user, and product and services.On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others.
The increase in number of wellness centers owing to the increase in adoption of acupuncture as an effective alternative medicine, the wellness centers segment is likely to boost the market growth.On the basis of product and services, the acupuncture market study has been segmented into products and services.
Market Insights:As per the report published by Market Research Future (MRFR), the global acupuncture market is anticipated to garner a notable CAGR of 14.50% over the assessment period of 2018 to 2023 and earn revenues worth USD 55323.8 million by 2023.The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy.
Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain.
The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people.
Industry News:In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.
The acupuncture market study has been segmented into application, end-user, and product and services.On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others.
The product segment is further narrowed down to rod lasers, laser needle, needles, and laser pens, suction cups, electro-acupuncture device, and others.
Acupuncture is an ancient Chinese medical technique that makes use of needles to alleviate pain, cure some other ailments.
Western proponents and critics of this technique think pain alleviation can be attributed to stimulation of nerves at specific points in the body, owing to which the body releases specific pain neutralizing components.
It further notes that from 2020 to 2030, numerous growth avenues will mark their presence in the global acupuncture market landscape.Read Report Overview - https://www.transparencymarketresearch.com/acupuncture-market.htmlGlobal Acupuncture Market: Competitive LandscapeManufacturers of acupuncture needles were earlier concentrated mainly in the oriental nations, but today globalization has brought it forward into the other parts of the world.
These manufacturers recognize the increasing demand for acupuncture by a global population that is increasingly turning on alternative medicine for intractable conditions.
Though effective for minor painful conditions like muscle spasms, joint pains, menstrual cramps and the like, it is majorly ineffective for severe pain as seen in various chronically debilitating conditions like cancer.
Also, insertion of needles requires proper sterilization to prevent infections, and the practitioner of this technique must be properly trained so as to not do harm instead of good.
Acupuncture Laser Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Acupuncture Laser industry with a focus on the Chinese market.
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At least 9 companies are included:Advanced Medical SystemsBTL InternationalASAChongqing Haifu Medical TechnologyCymedicsItoThe information for each competitor includes:Company ProfileMain Business InformationSWOT AnalysisSales, Revenue, Price and Gross MarginMarket ShareFor product type segment, this report listed main product type of Acupuncture Laser market in gloabal and china.Electro-acupuncture UnitsLasersFor end use/application segment, this report focuses on the status and outlook for key applications.
End users sre also listed.HospitalClinicOtherReasons to Purchase this Report:Estimates 2019–2024 Acupuncture Laser market development trends with the recent trends and SWOT analysisMarket dynamics scenario, along with growth opportunities of the market in the years to comeMarket segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspectsRegional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.Market value (USD Million) and volume (Units Million) data for each segment and sub-segmentCompetitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five yearsComprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players1-year analyst support, along with the data support in excel format.Any special requirements about this report, please let us know and we can provide custom report.Get the Complete Report & TOC at https://www.24marketreports.com/life-sciences/global-acupuncture-laser-2019-2024-128CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
