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Acupuncture Needles Market Size

Report ID: GMI5637
Published Date: May 2023
Report Format: PDF

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Acupuncture Needles Market Size

Acupuncture Needles Market size was valued at over USD 238 million in 2022 and is projected to register around 7.5% CAGR between 2023 and 2032 driven by growing adoption of acupuncture in rehabilitation of COPD patients.

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Acupuncture needles are thin, sterile needles used in the practice of acupuncture, a form of traditional Chinese medicine. These needles are specifically designed for acupuncture procedures and differ from other types of needles, such as hypodermic needles used for injections or blood drawing. Additionally, the high prevalence of chronic diseases such as diabetes is further accelerating market progression. For instance, according to the data provided by the World Health Organization (WHO), in 2021, the prevalence of diabetes has been growing rapidly in low and middle-income countries as compared to high-income countries.

Moreover, in 2021, as per statistics provided by the International Diabetes Federation (IDF), about 537 million adults aged between 20-79 years lived with diabetes. Additionally, the high number of type 1 diabetes patients mainly children and adolescents will further propel the market progress since diabetic patients are highly prone to contract complications. In addition, several market players are emphasizing on research and development activities for the development of novel acupuncture needles.

Acupuncture Needles Market Report Attributes
Report Attribute	Details
Base Year:	2022
Acupuncture Needles Market Size in 2022:	USD 238.2 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7.5%
2032 Value Projection:	USD 487.4 Million
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	361
Segments covered:	Product, Material, Application, End-use, and Region
Growth Drivers:	Surge in prevalence of chronic diseases Increasing number of people suffering from muscular pain Growing adoption of acupuncture in rehabilitation of COPD patients Rising awareness regarding alternate therapies among the population base
Pitfalls & Challenges:	Adverse effects related to acupuncture treatment Lack of reimbursement scenario

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Acupuncture needles industry size was over USD 238 million in 2022 and will exceed USD 464 million by 2032 due to the rising prevalence of chronic diseases, including diabetes worldwide.

Disposable segment was more than USD 130 million in 2022 and will cross USD 270 million by 2032 owing to the rising need to limit the danger of disease transmission among patients.

Hospitals held over 44% of the market share in 2022 and will record over USD 210 million by 2032 on account of the growing number of people suffering from chronic diseases in developing countries.

Acupuncture needles market share in U.S. exceeded USD 55 million in 2022 and will record more than USD 110 million by 2032 due to the ongoing technological developments in the region.