Acupuncture Needles Market Size, Share & Trends Report

Acupuncture Needles Market Size, Share & Trends Analysis Report By Product (Disposable Needles, Non-disposable Needles), By Material (Stainless Steel, Gold, Silver), By End-use (Hospital, Clinics), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Sep, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68039-117-3
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 90

Report Overview 

The global acupuncture needles market size was valued at USD 102.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2020 to 2027. A global increase in the incidence of chronic diseases such as diabetes, obesity, and other autoimmune diseases due to factors such as antimicrobial resistance, adoption of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are some of the major factors contributing to market growth. According to the National Diabetes Statistic Report 2017, published by the Centers for Disease Control and Prevention (CDC), more than 100.0 million people in the U.S. were living with diabetes or prediabetes conditions. In addition, the WHO reported that in 2016 approximately 1.6 million deaths globally were directly caused due to diabetes. Acupuncture is very much effective in treating and relieving the pain caused due to chronic diseases. In addition, the risk of any severe side-effects is comparatively less as compared to other treatments.

The U.S. acupuncture needles market size

Due to the rising prevalence of chronic conditions, the number of surgeries being performed has also increased. Most surgical wounds are relatively large in size and deep and are also painful. In such cases, acupuncture provides effective relief to the patients both physically and mentally. It also helps to overcome post-surgical trauma owing to which the demand for this procedure is increasing globally. Thus, the rising number of surgeries is anticipated to increase the demand for acupuncture procedures, thereby propelling the growth of the market for acupuncture needles.

The rising prevalence of hypertension and diabetes are also some of the major factors for the increasing demand for acupuncture. According to the report published by the WHO in 2019, around 1.13 billion people worldwide had hypertension. Diabetes is the primary cause of hypertension, which is estimated to affect around 1.00 billion individuals globally. Furthermore, long term diabetes often results in diabetic leg ulcers and it is very much painful for the patients. In such cases, acupuncture treatment helps in reducing the pain in patients suffering from such conditions. It also helps in lowering hypertension by giving mental relief, thereby boosting the growth of the market for acupuncture needles over the forecast period.

The rising geriatric population across the globe is one of the prominent factors influencing the market. The geriatric population is more prone to various chronic conditions and chronic wounds owing to which the increase in the geriatric population may positively impact the market for acupuncture needles. Since in acupuncture treatment the chances of acquiring any side-effects are very low, thus older people prefer to opt for this treatment. In addition, it also helps to reduce body pain and gives both physical and mental relief.

Product Insights

The disposable needles segment held the largest market share of around 56.1% in 2019 and is anticipated to witness the fastest growth over the forecast period. The segment growth is majorly driven by the several advantages associated with the product such as the low risk of transmission of diseases from one patient to another and low cost. In addition, the majority of healthcare professionals recommend the use of disposable products due to safety issues and easy availability. Thus, considerable segment growth is anticipated over the forecast period.

The non-disposable needles segment is anticipated to witness a moderate growth rate in the market for acupuncture needles over the forecast period. The high risk of transmission of diseases from one patient to another through non-disposable needles is one of the major drawbacks for which the material rate of this product is considerably low. However, in developing and underdeveloped countries, the non-disposable needles are widely used due to lack of adequate knowledge regarding hygiene and Hospital Acquired Infections (HAIs) among patients and healthcare professionals.

End-use Insights

The hospital segment of the acupuncture needles market held the largest revenue share of 44.0% in 2019. The increasing cases of diabetic foot ulcers and venous leg ulcers are the major driving factors for segment growth. In addition, increasing cases of surgical wounds due to the rising number of surgeries is also driving the segment growth. Since acupuncture treatment helps in reducing the pain caused due to SSI wounds, therefore such factors may surge segment growth over the forecast period.

The clinic segment is anticipated to witness a considerable growth rate over the forecast period. The increasing number of clinics and surgical procedures are the major factors contributing to the segment growth over the forecast period. Moreover, increasing cases of surgical wounds is one of the major driving factors for the segment.

Material Insights

The stainless steel segment held the largest market share of around 44.1% in 2019 and is anticipated to witness the fastest growth over the forecast period. The stainless steel acupuncture needles are widely used owing to its easy availability and low cost. Furthermore, most of the major players offer stainless steel needles across the globe in comparison to other needles.

Global acupuncture needles market share

The silver needles are anticipated to witness a moderate growth rate over the forecast period owing to their several advantages such as effective thermal effect in warm acupuncture procedure owing to high thermal conductivity. In addition, it offers better and rapid relief to the patients as compared to other materials. Hence, due to such advantages, recently the demand for silver needles has increased among patients, thereby propelling the segment growth. However, the high cost of the material and the presence of a few market players offering this product may hinder segment growth.

Regional Insights

Asia Pacific dominated the market for acupuncture needles and accounted for a revenue share of 45.3% in 2019. The region is expected to witness the fastest growth rate of 8.4% over the forecast period. The presence of developing countries such as China, India, and Japan is anticipated to boost the market growth in the region. Acupuncture is a traditional treatment of China and this treatment is widely availed in China and Japan. In addition, the rapidly growing medical tourism industry in these countries can also be attributed to the increase in demand for acupuncture treatment in this region. For instance, as per the report on Export Health Services by Directorate-General of Commercial Intelligence and Statistics of India, in 2015-2016, India had 58,300 medical tourists on medical visas.

In North America, the market for acupuncture needles is anticipated to witness a considerable growth rate over the forecast period. The regional market is mainly driven by the rising incidence of diabetes and hypertension. In addition, the rising number of surgical procedures is also anticipated to increase the demand for acupuncture treatment among patients.

Key Companies & Market Share Insights

Key companies are constantly making efforts to commercialize the acupuncture treatment across the globe by emphasizing the benefits of the treatment. For instance, as per the journal published by the JAMA Oncology in 2019, acupressure and acupuncture are helpful in reducing the pain in patients suffering from cancer. The increasing demand for acupuncture treatment has influenced many local players to enter the market for acupuncture needles. For instance, in March 2020, a new acupuncture center, Ora Acupuncture was inaugurated in the U.S. Some of the prominent players in the acupuncture needles market include:

  • 3B SCIENTIFIC GMBH

  • AcuMedic Ltd. 

  • asia-med GmbH

  • SEIRIN

  • Dana Medical Co.

  • 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.

Acupuncture Needles Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 109.4 million

Revenue forecast in 2027

USD 187.8 million

Growth Rate

CAGR of 8.0% from 2020 to 2027

Base year for estimation

2019

Historical data

2015 - 2018

Forecast period

2020 - 2027

Quantitative units

Revenue in USD million and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Product, material, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

The U.S.; Canada; The U.K.; Germany; Japan; China; Brazil; Mexico; South Africa; Saudi Arabia

Key companies profiled

3B SCIENTIFIC GMBH; AcuMedic Ltd.; asia-med GmbH; SEIRIN; Dana Medical Co.; Suzhou Hualun Medical Appliance Co., Ltd; Shinylink(Shanghai)Industrial Inc.; Boen Healthcare Co., Ltd.; WUXI JIAJIAN MEDICAL DEVICES CO.; LTD.; Suzhou Zhongjing Life & Science Technology Co., Ltd.

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2027. For the purpose of this study, Grand View Research has segmented the global acupuncture needles market report on the basis of product, material, end-use, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2027)

    • Disposable Needles

    • Non-disposable Needles

  • Material Outlook (Revenue, USD Million, 2015 - 2027)

    • Stainless Steel

    • Gold

    • Silver

  • End-use Outlook (Revenue, USD Million, 2015 - 2027)

    • Hospital

    • Clinics

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2027)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

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