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.
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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 postsurgical 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.
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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
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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 o
3B Scientific
o
AcuMedic
o
asia-med GmbH
o
Dana Medical Co., Ltd.
o
Boen Healthcare Co., Ltd.
o
Suzhou Hualun Medical Appliance Co., Ltd.
o
Wuxi Jiajian Medical Devices Co., Ltd.
o
Suzhou Zhongjing Life & Science Technology Co., Ltd.
o
Shinylink (Shanghai) Industrial, Inc.
o
Changchun Aikang Medical Devices Co., Ltd.
o
MeyerDC
o
DongBang AcuPrime
o
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
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