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Acupuncture Needles Market Trends

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

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Acupuncture Needles Market Trends

Prominent industry players are continuously focusing on product innovation with integration of advanced technologies. Such developments are aimed towards offering simplified and convenient therapeutic products. Innovations in materials will have a positive impact on acupuncture needles business expansion. Additionally, many local companies have entered the market for acupuncture needles as a result of the rising demand for acupuncture treatments. For instance, Ora Acupuncture, a brand-new acupuncture facility, inaugurated in the United States in March 2020. Thus, such initiatives will lead to high product demand in the near future.

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.