Acupuncture Needle Market by Type, Needle Material, Distribution Channel, End User

Description

List of Tables

[181 Pages Report] The Acupuncture Needle Market size was estimated at USD 133.88 million in 2023 and expected to reach USD 144.14 million in 2024, at a CAGR 8.30% to reach USD 233.96 million by 2030.

The acupuncture needle market comprises the production, distribution, and sales of various types of needles specifically designed for acupuncture treatment. Acupuncture is a traditional chinese medicine practice involving the insertion of thin, sterile needles into fixed points on the patient's body to stimulate and regulate energy flow (Qi), ultimately promoting healing and wellness. The growing prevalence of chronic diseases are coupled with increased utilization of acupuncture needles for treatment. Acupuncture needles are increasingly used in postoperative pain management to relieve anxiety and shorten patient hospital stays. The demand for acupuncture needles is also rising due to utilization in rehabilitation efforts for COPD patients. However, incidences of product recall from manufacturers are a concerning factor for the adoption of acupuncture needles. The strict regulations and standards determined by regulatory authorities associated with acupuncture needles pose challenges for manufacturers for product approvals. Furthermore, introducing advanced acupuncture needles for cancer treatment and technological advancement in the manufacturing process of acupuncture needles may be expected to generate remunerative opportunities for the market in the forecast period.

KEY MARKET STATISTICS
Base Year [2023]	USD 133.88 million
Estimated Year [2024]	USD 144.14 million
Forecast Year [2030]	USD 233.96 million
CAGR (%)	8.30%

Type: Significance of Disposable & Reusable Acupuncture Needles

Disposable acupuncture needles are single-use, pre-sterilized needles that are designed to be used once and then discarded immediately after use. This type of needle has become increasingly popular recently due to its ability to minimize the risk of infection transmission between patients. Reusable acupuncture needles also tend to have a lower environmental impact as they generate less medical waste in comparison to single-use needles making them a more sustainable option for eco-conscious practitioners and patients.

Material: Advantages of Materials Used for Acupuncture Needles

Stainless steel is widely employed as a material for producing acupuncture needles due to its excellent strength, biocompatibility, and corrosion resistance. High-quality stainless steel needles provide several advantages for practitioners and patients, such as durability, safety, and cost-effectiveness. Gold and silver needles are premium choices in acupuncture therapy due to enhanced conductivity and antimicrobial properties. The use of precious metal needles offers some patients a sense of luxury and exclusivity, contributing to increased patient satisfaction and improved psychological well-being during treatment sessions.

End-User: Diverse Applications Across Various Industries

In acupuncture clinics, trained acupuncturists use these fine, sterilized needles to stimulate specific acupoints on patients' bodies for various therapeutic purposes including pain management, digestive issues, and fertility enhancement. The home utility sector has seen a rise in popularity as more individuals embrace self-care practices within the comfort of their homes. The use of acupuncture needles for at-home treatment requires proper training to ensure safe and effective application for stress relief, allergy relief, and muscle tension release.

Distribution Channel: Increasing Popularity of Online Platforms

Online platforms have become increasingly popular for distributing acupuncture needles in recent years due to the increase in digitalization worldwide. Traditionally, acupuncture needles are effectively distributed through offline channels, including surgical stores and medical distributors.

Regional Insights

In the Americas, consumer needs continue to grow due to increased awareness of acupuncture benefits and its integration into modern healthcare systems. Healthcare practitioners in the region also prefer complementary therapies such as acupuncture for pain management. There is increasing interest in acupuncture among EMEA populations due to growing globalization and medical tourism. Strict rules and regulations are imposed on complementary therapies in European countries for patient safety. In the APAC region, China and Japan continue to be the significant medical hubs engaged in treating various disease ailments through acupuncture practices. The governments in the region are also investing in research and development initiatives related to Traditional Chinese Medicine (TCM), which includes acupuncture.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Acupuncture Needle Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Acupuncture Needle Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Acupuncture Needle Market, highlighting leading vendors and their innovative profiles. These include 3B Scientific GmbH, AcuMedic Ltd., Acuneeds Australia, Acurea Medical Inc., asia-med GmbH, Austin Medical Equipment, Inc., Blue Poppy Enterprises, Inc., Boen Healthcare Co., Ltd, Carbo Trading Co. Inc., Changchun Aikang Medical Devices Co., Ltd., Chiroform A/S, Dana Medical Co., Ltd., Doc Save GmbH, DongBang AcuPrime Ltd, Eastern Currents Ltd., Haeng Lim Seo Won Medical Company, HEGU Svenska AB by Lojer Oy, Jorgensen Laboratories, LLC, Lhasa OMS, Inc., McKesson Medical-Surgical Inc., Meridius Medical GmbH, North Coast Medical Inc., Phoenix Medical Ltd, Remington Medical Equipment Ltd., Schwa-Medico GmbH, Sedatelec SAS, Seirin Corporation, Shinylink Industrial Inc, Suzhou Acupuncture and Moxibustion Products Co., Ltd., Suzhou Zhongjing Life & Science Technology Co.,Ltd, TCMzone, LLC, The Betty Mills Company, Inc., The Wabbo Company, Wilkris & Co AB, Wuxi Jiajian Medical Instrument Co.,Ltd., and Zepter International.

Market Segmentation & Coverage

This research report categorizes the Acupuncture Needle Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Disposable
- Non-Disposable

Needle Material
- Copper
- Gold
- Silver
- Stainless Steel

Distribution Channel
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies

End User
- Clinics
- Hospitals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Acupuncture Needle Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Acupuncture Needle Market?

3. What are the technology trends and regulatory frameworks in the Acupuncture Needle Market?

4. What is the market share of the leading vendors in the Acupuncture Needle Market?

5. Which modes and strategic moves are suitable for entering the Acupuncture Needle Market?

Product Code: MRR-961BA04A2DA9

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing prevalence of chronic diseases coupled with growing usage of acupuncture needles for the treatment
  - 5.1.1.2. Rising use in postoperative pain management to relieve anxiety and shorten hospital stay
  - 5.1.1.3. Growing demand for acupuncture needles for rehabilitation of COPD patients
- 5.1.2. Restraints
  - 5.1.2.1. Incidences of acupuncture needle recall
- 5.1.3. Opportunities
  - 5.1.3.1. Introduction of advanced acupuncture needles for the treatment of cancer
  - 5.1.3.2. Technological advancement in the manufacturing process of acupuncture needles
- 5.1.4. Challenges
  - 5.1.4.1. Strict regulations and standards associated with manufacturing acupuncture needles
5.2. Market Segmentation Analysis
- 5.2.1. Type: Significance of Disposable & Reusable Acupuncture Needles
- 5.2.2. Material: Advantages of Materials Used for Acupuncture Needles
- 5.2.3. End-User: Diverse Applications Across Various Industries
- 5.2.4. Distribution Channel: Increasing Popularity of Online Platforms
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Acupuncture Needle Market, by Type

6.1. Introduction
6.2. Disposable
6.3. Non-Disposable

7. Acupuncture Needle Market, by Needle Material

7.1. Introduction
7.2. Copper
7.3. Gold
7.4. Silver
7.5. Stainless Steel

8. Acupuncture Needle Market, by Distribution Channel

8.1. Introduction
8.2. Hospital Pharmacies
8.3. Online Pharmacies
8.4. Retail Pharmacies

9. Acupuncture Needle Market, by End User

9.1. Introduction
9.2. Clinics
9.3. Hospitals

10. Americas Acupuncture Needle Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Acupuncture Needle Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Acupuncture Needle Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. NJ Acupuncture Center Debuts BODYSculpt x FACESculpt in Jersey City + Bayonne
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio