ALBANY, N.Y., Oct. 15, 2021 /PRNewswire/ -- The popularity of acupuncture therapy is surging across the globe due to its effectiveness in supporting treatment of a wide range of health conditions such as headaches, migraines, arthritis, neck pain, back pain, muscle pain, menstrual cramps, knee pain, and sports injuries. Thus, growing adoption of this therapy is expected to translate into increased sales of acupuncture needles in the near future.
Copper, silver, stainless steel, and tinplate-galvanized iron are some of the materials used in the manufacturing of acupuncture needles.
The analysts at Transparency Market Research (TMR) expected the global acupuncture needles market to expand at a CAGR of 5% during the forecast period, 2021-2031. Thus, the market is projected to reach US$ 200 Mn by 2031.
Acupuncture Needles Market: Key Findings
Manufacturers Spread Awareness on Acupuncture's Role in Treatment of Chronic Diseases
It is anecdotally evident that a combination of acupuncture therapy with other treatment techniques can offer effectual outcomes in patients with different health conditions such as osteoarthritis. As a result, companies operating in the global acupuncture needles market are spreading awareness about the advantages of the therapy in the treatment of rheumatoid arthritis and osteoarthritis, thereby boosting their sales.
Of disposable and reusable acupuncture needles, major market players are experiencing high demand for disposable products. Low product cost and decreased risk of patient-to-patient diseases transmission are some of the key factors fueling the demand for disposable acupuncture needles.
Acupuncture Needles Market: Growth Boosters
Due to poor sleep habits and modern lifestyle of major share of populace, there is a notable growth in the prevalence of insomnia, exhaustion, or frequent waking up at night. Melatonin is a hormone that plays a key role in the sleep-wake cycle. Acupuncture is a popular conventional healing system that can boost the body's natural ability to create additional melatonin.
Acupuncture therapy can assist in restoring the natural process of fall and remain asleep easily. Growing awareness about the effectiveness of this therapy is projected to drive sales opportunities in the global acupuncture needles market.
In recent years, the prevalence of different chronic health conditions such as diabetes, obesity, and autoimmune diseases is growing. There are many factors for these health issues, including alcohol consumption, antimicrobial resistance, smoking, and adoption of unhealthy & sedentary lifestyles. Rise in use of acupuncture therapy in the treatment of these health issues is fueling the demand for global acupuncture needles market players.
With surge in cases of severe health issues, the number of surgical procedures performed around the world has increased. As majority of surgical wounds are generally deep, painful, and large, the acupuncture therapy is increasingly being adopted for effectual relief to such patients. Moreover, it is found to be useful in supporting patients mentally as well. Rising use of acupuncture to deal with the post-surgical trauma is likely to bolster expansion prospects of the global acupuncture needles market in the years to come.
Acupuncture Needles Market: Key Players
The study performs profiling some of the key players operating in the acupuncture needles market. Thus, the research document provides vital information such as company overview, product portfolio, financial overview, recent developments, and business strategies of all players profiled in the market report.
Some of the key players in the acupuncture needles market are:
Dana Medical Co., Ltd.
Suzhou Hualun Medical Appliance Co., Ltd.
Boen Healthcare Co., Ltd.
Suzhou Zhongjing Life & Science Technology Co., Ltd.
Wuxi Jiajian Medical Devices Co., Ltd.
Changchun Aikang Medical Devices Co., Ltd.
Shinylink (Shanghai) Industrial, Inc.
Global Acupuncture Needles Market: Segmentation
Acupuncture Needles Market, by Type
Acupuncture Needles Market, by Material
Acupuncture Needles Market, by Application
Back Pain, Neck Pain, or Muscle Pain
Headaches & Migraines
Acupuncture Needles Market, by End-user
Acupuncture Needles Market, by Region
Rest of Europe
Australia & New Zealand
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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