PUBLISHER: SkyQuest | PRODUCT CODE: 1622403
PUBLISHER: SkyQuest | PRODUCT CODE: 1622403
Acupuncture Needles Market size was valued at USD 240 Million in 2023 and is poised to grow from USD 252.24 Million in 2024 to USD 381.89 Million by 2032, growing at a CAGR of 5.1% during the forecast period (2025-2032).
The acupuncture needle market is poised for significant growth, driven by the increasing prevalence of chronic conditions such as diabetes, autoimmune diseases, and obesity, particularly among millennials. These thin metallic needles, made from materials like stainless steel, gold, and silver, stimulate nerves at specific pressure points, releasing beneficial chemicals like endorphins to aid in treating gastrointestinal, gynaecological, joint, and paralytic conditions. With their cost-effectiveness compared to injectable needles and minimal risk of complications, acupuncture needles are gaining popularity. Contributing factors such as rising healthcare costs and a broader acceptance of acupuncture for emotional disorders and addiction treatment are expected to further propel market expansion in the coming years. The shift towards healthier lifestyle choices will also play a crucial role in this growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Acupuncture Needles market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Acupuncture Needles Market Segmental Analysis
Global Acupuncture Needles Market is segmented by type, material, end-use, distribution channel and region. Based on type, the market is segmented into disposable needles and non-disposable needles. Based on material, the market is segmented into stainless steel, gold, silver, plastic, copper and others. Based on end-use, the market is segmented into hospital, clinics and others. Based on distribution channel, the market is segmented into hospital pharmacies, retail pharmacies and online pharmacies. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Acupuncture Needles Market
The growing prevalence of chronic illnesses is significantly propelling the acupuncture needles market as it results in a higher number of medical procedures. Surgical wounds, often sizable and painful, can benefit from acupuncture by alleviating physical and psychological discomfort. This form of therapy also aids in addressing post-surgical trauma, consequently increasing its demand across the globe. Furthermore, as the frequency of various surgeries rises, including those related to injuries from accidents-particularly from traffic incidents that have surged in countries like Thailand, India, Australia, China, and Malaysia-the need for acupuncture procedures and, subsequently, acupuncture needles is expected to rise considerably, making this a key market driver.
Restraints in the Acupuncture Needles Market
The acupuncture needles market faces several restraints that could affect its growth in the coming years. Despite a rise in the popularity of acupuncture treatments, the lack of adequate reimbursement policies for patients remains a significant barrier to wider adoption. Many patients find themselves paying out of pocket for these services, which discourages them from seeking treatment and hampers overall demand. Furthermore, licensed acupuncturists often receive fewer reimbursement opportunities compared to medical doctors. Additionally, the absence of a recognized regulatory framework for acupuncture procedures in many countries creates uncertainty, further limiting the market potential for acupuncture needles.
Market Trends of the Acupuncture Needles Market
The Acupuncture Needles market is witnessing a notable trend driven by a surge in patient preference for holistic and conventional therapeutic methods, largely attributed to the minimal side effects associated with acupuncture. This growing consumer acceptance bolsters the demand for acupuncture needles, often dubbed "painless needles" due to their fine gauge and design that minimizes discomfort during treatment. The market is further supported by practitioners who seek high-quality, effective tools to enhance patient care. As awareness of alternative medicine increases and more practitioners integrate acupuncture into their practices, the market for acupuncture needles is poised for robust growth in the coming years.