The global acupuncture needles market size was valued at USD 145.2 million in 2022 and is expected to reach USD 227.9 million by 2032, and register a revenue CAGR of 4.5% during the forecast period. Increasing use of acupuncture therapy as an alternative type of treatment for a variety of medical disorders, such as chronic pain, depression, and anxiety is the major factor driving market revenue growth.
Increased inclination for non-invasive and drug-free treatment choices is driving demand for acupuncture therapy. Acupuncture needle sales have increased as a result of patients' increased interest in traditional Chinese medicine-based therapy. In addition, prevalence of chronic conditions such as arthritis, back pain, and migraines is increasing, which is driving demand for acupuncture treatment and driving revenue growth of the market.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
Suzhou Medical Appliance Factory
Dongbang Acupuncture Inc.
Seirin Corporation
Wuxi Jiajian Medical Instruments Co., Ltd.
Asia Med GmbH
Cloud Dragon Acupuncture Supplies
Empecs Medical Co., Ltd.
AcuMedic Ltd.
Helio Medical Supplies, Inc.
Hwato Electronic Co., Ltd.
Segments Covered in the Report:
By Type Outlook
Disposable
Non-Disposable
By Material Outlook
Stainless Steel
Gold
Silver
Others
By End-use Outlook
Hospitals
Clinics
Others
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Based on Region market is segmented into:
North America
Europe
Asia-Pacific
South America
Middle East Africa
Major Points covered in this report are as below:
An analysis of Acupuncture Needles industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
This report provides information on the market status of Acupuncture Needles manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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