Market Scope

MRFR (Market Research Future) expects the Acupuncture Market to cross the valuation of USD 24551.6 Mn by 2027-end. Market Research Future further adds that the market size would be soaring at a rate of 14.60% from 2020 to 2027 (evaluation period).

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Top Boosters and Barriers

The dramatic rise in chronic disorders such as diabetes, obesity, and several autoimmune diseases caused by antimicrobial resistance, adoption of sedentary lifestyles, alcohol consumption and smoking, have raised the demand for acupuncture worldwide. Acupuncture treatment has emerged as a sought-after alternative therapy to treat musculoskeletal pain worldwide, due to its clinical effectiveness along with the lesser chances of side effects post treatment.

A mounting number of people are shifting their preference towards less invasive therapies, which fosters the appeal of acupuncture. Acupuncture is highly effective in relaxing the muscles and alleviating the pain occurring due to chronic diseases, by boosting blood circulation within the body. Acupuncture also helps relive mental stress, PMS, infertility, menopause, PCOS, and various hormonal imbalances.

Rise in hypertension cases has bolstered the need for treatment options such as acupuncture. Diabetes is quite prevalent worldwide, and is one of the top causes of hypertension, affecting over 1 billion individuals worldwide. These rising cases call for acupuncture treatment for alleviation of pain and reduction in hypertension. The soaring awareness among patients about these benefits foster the demand for acupuncture,

Market Segmentation

The acupuncture market can be considered for product & services, application, along with end user.

• In terms of product & services, the key categories are services as well as products. Major services in the market are Japanese acupuncture, traditional Chinese medicine, Korean hand acupuncture, cupping, auricular, scalp acupuncture, moxibustion, non-insertion acupuncture, and more.
• Acupuncture has applications in gynecological disorders, pain syndrome illnesses, psychological illnesses, and others. Pain syndrome illnesses are reigning over the market and form the biggest share of 33.5 percent. The segment can also expect to attain a 14.04 percent CAGR in the years to follow.
• Acupuncture market has a number of end-users, namely research & academic institutes, hospitals & specialty clinics, along with wellness center.

Regional Study

The American market, headed by the United States, prevails as the leader. America houses the biggest population affected by obesity and diabetes, in line with the heavy prevalence of unhealthy lifestyle. Plus, over 30% of the population in the region is dealing with chronic diseases, which highlights the significance of acupuncture therapy. The market position is also cemented by the ongoing competition between the acupuncture device developers and the surge in clinical trials.

The Asia Pacific market will be scaling a rapid growth trajectory between 2020 and 2027, thanks to the advancements in the healthcare infrastructure. Soaring number of therapy centers and the surging number of people affected by chronic pain and various health issues bolster the market value as well.

Top Industry Companies

Some of the top contenders in the worldwide acupuncture market are Acumedic Limited, Zepter International, Wuxi Jiajian Medical Instruments Co. Ltd., Schwa-medico GmbH, SIRIN Corporation, MKW Laser System GmbH, Qingdao Great Fortune Co. Ltd, Asia-Med Gmbh, 3B Scientific GmbH, to name a few.

Recent Developments

January 2022

Arora Group, a renowned private property development firm, has recently opened up an elaborate spa & wellness center at the 200-room Fairmont Windsor Park site in Southern England. Fairmont Spa & Wellness is a two story, 2,500 square meter wellness center that has been designed to offer a variety of services related to spa, fitness, aesthetic, and wellbeing. Some of the treatments as well as therapies include acupuncture, massages, European skincare, vitamin infusions, ayurvedic rituals, nutritional therapy, and osteopathy.

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