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Overview

Acupuncture Needles Market Overview:

According to FutureWise analysis the market for acupuncture needles in 2023 is US$ 252.8 million, and is expected to reach US$ 382.7 million by 2031 at a CAGR of 5.30%.

Acupuncture is the practice of inserting a slender, solid metallic needle into the skin, followed by the practitioner employing gentle hand movements or applying electrical stimulation to activate them. The needle is placed at a point that creates a sensation of pressure or ache. Needles are heated during the treatment, or mild electric current is applied. Some individuals report acupuncture makes them feel energized, while others feel relaxed. Increasingly, it is used for overall wellness, including stress management. Acupuncture is a traditional Chinese method to reduce some health conditions and pain symptoms.

Acupuncture points are situated in all areas of the body, and sometimes, the effective points are far removed from the area where an individual is experiencing discomfort. The acupuncturist will indicate the general site of the intended treatment and whether any clothing needs to be removed. A gown, towel, or sheet is provided. Acupuncture needles are carefully inserted to various depths at specific points in the body. The needles are very thin, so insertion causes little discomfort. And in some cases, individuals often don't feel needles inserted. A typical treatment session uses 5 to 20 needles. Individuals may feel a mild aching sensation when a needle reaches the correct depth.

FutureWise Market Research has published a report that provides an insightful analysis acupuncture needles market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, acupuncture needles market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

Major players included in the Acupuncture Needles Market:

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 Jijian Medical Devices Co.

(Note: The list of the major players will be updated with the latest market scenario and trends)

The increasing incidence of chronic health conditions, such as pain, stress, and musculoskeletal disorders, may increase the demand for acupuncture market. As conventional medical interventions face limitations in effectively managing these conditions, acupuncture's non-invasive nature and comprehensive approach offer a favorable alternative. Its capability to target pain relief, relieve stress levels, and manage musculoskeletal issues has garnered significant attention from patients and healthcare professionals. This trend drives the demand for acupuncture needles, as they form an essential for this widely accepted therapeutic approach, therefore propelling the market growth over the forecast period. Moreover, technological advancement has upgraded the design and production of acupuncture needles, leading to thinner and more precise tools. This has particularly boosted the patient experience, as these needles offer comfort during treatment sessions. Also, their improved precision minimizes possible side effects, providing safer and more effective therapeutic interventions. Therefore, driving the growth of the acupuncture needles market. However, some individuals may experience mild, short-term side effects, like feeling dizzy, pain where the needles puncture the skin, drowsiness, bleeding, or bruising where the needles puncture the skin, present a significant restraint in the acupuncture needles market. As these effects are considered transient and mild, they may create fear or nervousness among potential individuals. Concerns about discomfort or minor bleeding may prevent some individuals from trying acupuncture, especially those who are more risk-averse or have a low tolerance for little discomfort, thus hindering the market growth.

Acupuncture Needles Market Segmentation:

By Product

Disposable Needles
Non-disposable Needles

By Material

Stainless Steel
Gold
Silver

By End User

Hospitals
Clinics
Others

By Region

North America
Europe
Asia-Pacific
Latin America
Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. Asia-Pacific registered highest share in the market in 2022. This is attributed to factors like increased adoption of acupuncture treatment, the rapidly growing medical tourism industry, rising awareness about acupuncture needles, rising preference toward the usage of traditional treatment methods, including acupuncture, improving health care infrastructures, and the increasing number of acupuncture therapy centers is estimated to drive the growth of the acupuncture needles market in the region. In addition, acupuncture treatment is covered under private health insurance in countries such as Japan, China, and India. Therefore, the adoption of acupuncture and insurance coverage plans in Asia-Pacific is expected to propel market growth during the forecast period.

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the Acupuncture Needles Market By Product, By Material, By End-use and By Region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions— North America, Europe, Asia Pacific and rest of the world
To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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1. Market Introduction
- 1. Objectives of the Study
  2. Market Definition
  3. Market Scope
  3.1. Years Considered for the Study
  3.2. Market Covered
  4. Currency
  5. Limitations
  6. Stakeholders
2. Research Methodology
- 1. Research Data
  1.1 . Secondary Data
  1.1.1 . Key Data From Secondary Sources
  1.2 . Primary Data
  1.2.1. Key Data from Primary Sources
  2. Market Size Estimation
  3. Market Breakdown and Data Triangulation
  4. Assumptions for the Study
3. Executive Summary
- 1. Market Outlook
  2. Segment Outlook
  3. Competitive Insights
4. Global Acupuncture Needles Market Variables, Trends and Scope
- 1. Market Lineage Outlook
  2. Penetration and Growth Prospect Mapping
  3. Industry Value Chain Analysis
  4. Cost Analysis Breakdown
  5. Technology Overview
  6. Regulatory Framework
  6.1. Reimbursement Framework
  6.2. Standards And Compliances
5. Market Overview
- 1. Market Dynamics
  1.1. Market Driver Analysis
  1.1.1. Increasing focus on Brand Protection
  1.1.2. Untapped Opportunities in Emerging Regions
  1.2. Market Restraint Analysis
  1.3. Industry Challenges
  1.3.1. Presence of Ambiguous Regulatory Framework
6. Global Acupuncture Needles Market Analysis Tools
- 1. Industry Analysis - Porter’s
  1.1. Supplier Power
  1.2. Buyer Power
  1.3. Substitution Threat
  1.4. Threat from New Entrants
  1.5. Competitive Rivalry
  2. Pestel Analysis
  2.1. Political Landscape
  2.2. Environmental Landscape
  2.3. Social Landscape
  2.4. Technology Landscape
  2.5. Legal Landscape
  3. Major Deals And Strategic Alliances Analysis
  3.1. Joint Ventures
  3.2. Mergers and Acquisitions
  3.3. Licensing and Partnership
  3.4. Technology Collaborations
  3.5. Strategic Divestments
  4. Market Entry Strategies
  5. Case Studies
7. Global Acupuncture Needles Market, By Product Historical Analysis and Forecast 2023-2031 (USD Million)
- 1. Disposable Needle
  2. Non-disposable Needle
8. Global Acupuncture Needles Market, By Material Historical Analysis and Forecast 2023-2031 (USD Million)
- 1. Stainless Steel
  2. Gold
  3. Silver
9. Global Acupuncture Needles Market, By End-Use Historical Analysis and Forecast 2023-2031 (USD Million)
- 1. Hospitals
  2. Clinics
  3. Others
10. North America Acupuncture Needles Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million) along with expected regulatory needs
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. U.S.A
  2.2. Canada
  2.3. Mexico
  3. Market Size (USD Million) Forecast for North America 2023-2031
11. Europe Acupuncture Needles Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2023-2031
  2.1. Germany
  2.2. U.K
  2.3. France
  2.4. Italy
  2.5. Spain
  2.6. Russia
  2.7. Poland
  2.8. Switzerland
  2.9. Rest of Western Europe
  3. Market Size (USD Million) Forecast for Europe 2023-2031
12. Asia Pacific Acupuncture Needles Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million) - along with expected regulatory needs
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Japan
  2.2. China
  2.3. Singapore
  2.4. India
  2.5. Australia and New Zealand
  2.6. ASEAN
  2.7. South Korea
  2.8. Rest of Asia Pacific
  3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031
13. Rest of the World Acupuncture Needles Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million) along with expected regulatory needs
- 1. Introduction
  2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
  2.1. Saudi Arabia
  2.2. UAE
  2.3. South Africa
  2.4. Egypt
  3. Market Size (USD Million) Forecast for MEA 2023-2031
14. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Type and Technology Portfolio, Financial Layouts)
- 1. 3B SCIENTIFIC GMBH
  1.1. Company Overview
  1.2. Product Portfolio
  1.3. SWOT Analysis
  1.4. Financial Overview
  1.5. Strategic Overview
  2. AcuMedic Ltd.
  2.1. Company Overview
  2.2. Product Portfolio
  2.3. SWOT Analysis
  2.4. Financial Overview
  2.5. Strategic Overview
  3. asia-med GmbH
  3.1. Company Overview
  3.2. Product Portfolio
  3.3. SWOT Analysis
  3.4. Financial Overview
  3.5. Strategic Overview
  4. SEIRIN
  4.1. Company Overview
  4.2. Product Portfolio
  4.3. SWOT Analysis
  4.4. Financial Overview
  4.5. Strategic Overview
  5. Dana Medical Co.
  5.1. Company Overview
  5.2. Product Portfolio
  5.3. SWOT Analysis
  5.4. Financial Overview
  5.5. Strategic Overview
  6. Suzhou Hualun Medical Appliance Co., Ltd.
  6.1. Company Overview
  6.2. Product Portfolio
  6.3. SWOT Analysis
  6.4. Financial Overview
  6.5. Strategic Overview
  7. Shinylink(Shanghai)Industrial Inc.
  7.1. Company Overview
  7.2. Product Portfolio
  7.3. SWOT Analysis
  7.4. Financial Overview
  7.5. Strategic Overview
  8. Boen Healthcare Co., Ltd.
  8.1. Company Overview
  8.2. Product Portfolio
  8.3. SWOT Analysis
  8.4. Financial Overview
  8.5. Strategic Overview
  9. WUXI JIAJIAN MEDICAL DEVICES CO.
  9.1. Company Overview
  9.2. Product Portfolio
  9.3. SWOT Analysis
  9.4. Financial Overview
  9.5. Strategic Overview
15. Pre and Post COVID-19 Impact
- 1. Positive influence on the healthcare industry
  2. The financial disruption of the manufacturing sector
  3. Impact of COVID-19 on emerging companies
  4. Significant mandates in the healthcare regulations initiated by administrations
  5. The overall economic slowdown of the developing and developed nations
16. FutureWise SME Key Takeaway Points for Client

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