Global Acupuncture Needles Market Report Description:
Global acupuncture needles market report gives comprehensive outlook on acupuncture needles treatment across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on global acupuncture needles market gives historical, current, and future market sizes (US$ Mn) on the basis of type, type of material, end user and region. This report studies global acupuncture needles market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global acupuncture needles market report includes human demographics; and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global acupuncture needles market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global acupuncture needles market report include, marketers, policy makers, and acupuncture needles service providers engaged in global acupuncture needles treatment.
Global Acupuncture Needles Market:
The Global Acupuncture Needles Market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025 due to increase in prevalence of chronic pain, fatigue, infertility, digestive system disorders, headache and hormonal imbalances and others. Moreover, no severe side effects compared to conventional medicine, increase in demand, decrease in dependency on medications, and unpleasant medical procedures, wide range of applications with the therapy, and rise in centers for acupuncture needles treatment are the major factors that are driving the growth of the global acupuncture market thereby fuelling the acupuncture needles market over the forecast timeframe.
Increase in the Prevalence of chronic pain disorders
Increase in the prevalence of chronic pain disorders, headache and hormonal imbalances is a key factor drive the global acupuncture needles market. According to World Health Organization 2018, chronic pain affects approximately 20% of people worldwide. Moreover, the trend of desk bound jobs, obesity, and alcohol addiction led to complications such as sleep disturbances, and emotional disorders. The newer methods of treatment, wide range of applications and advantages of acupuncture are anticipated to propel the global acupuncture market thereby increasing the acupuncture needles market over the forecast years.
Asia Pacific Region Accounts for Larger Market Revenue Share in Global Acupuncture Needles Market
Asia pacific region accounted for larger revenue share in global acupuncture needles market with significant CAGR. Increase in prevalence of chronic pain disorders, headaches, hormonal imbalance, increased demand for the therapy, and rise in awareness about the acupuncture among the healthcare professionals, availability of treatment centers and skilled professionals in the region are anticipated to propel the market. European acupuncture needles market projected to exhibit significant growth due to increased preference for acupuncture therapies amongst the European population boost the market.
Key player’s profiles in the global acupuncture needles market include:
- Wuxi Jiajian Medical Instruments Co., Ltd,
- 3B Scientific GmbH,
- SEIRIN Corporation,
- Cymedics GmbH & Co. KG,
- Asia-med GmbH,
- Cogmedix, Inc.
- Qingdao Great Fortune Co., Ltd.,
- AcuSupply Inc
- Empecs Medical Co. Ltd.
- Suzhou Tianxie Acupuncture Instruments Co., Ltd.
- Lhasa OMS, Inc.
- Cloud & Dragon
.Key Findings of the Report:
- Global acupuncture needles market expanding at significant CAGR over 2019 to 2025 owing to increase in the prevalence of chronic pain disorders, headaches, hormonal imbalances.
- Based on type of material, stainless steel accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
- Players focusing on innovation of newer techniques and collaboration strategies to retain market position in global acupuncture needles market
- Disposable Needles
- Non-disposable Needles
- Stainless Steel
By End User
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
Key Features of the Report:
- The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup’s details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market