Acupuncture Market in North American and Europe 2023 - Japanese Acupuncture, Korean Hand Acupuncture,Traditional Chinese Medicine, Auricular Acupuncture, Scalp Acupuncture, Non-Insertion Acupuncture Cupping and Moxibustion
The global acupuncture market is anticipated to display a notable CAGR of 14.50% during the forecast period of 2018 to 2023. With the rapid growth in occurrences of chronic diseases and other health concerns as a result of sedentary lifestyles and unhealthy habits, the market for acupuncture has grown. Valued at USD 24,551.6 Mn in 2017, the global market for acupuncture is poised to grow to reach an approximate evaluation of USD 55, 323.8 Mn.An increase in complications such as insomnia, psychological illnesses, and chronic body pain has resulted from a growing prevalence of chronic diseases, migraines, and fibromyalgia. Chronic pain has been highly prevalent in developed countries. For instance, According to the Drug & Alcohol Dependence journal in 2017, more than a 100 million American adults were affected by chronic pain, thus increasing the demand for acupuncture to relieve pain. Additionally, the prevalence of gynecological problems such as PMS, menstrual issues, PCOS, and others have increased the demand for acupuncture therapy. Acupuncture therapy is associated with numerous benefits in the treatment of gynecological disorders and chronic pain. Advancements in acupuncture have led to the emergence of painless and non-invasive technology which is technically advanced such as laser devices, and electro-acupuncture. Moreover, many market-leading players are engaged in the development and manufacture of such devices to add to their portfolio and further the growth of the global acupuncture market.
Traditional acupuncture therapy utilizes thin needles, which are inserted to stimulate specific acupuncture points in an effort to normalize body dysfunctions. However, the use of the thin-needles has been associated with side effects such as itching, dull aches, bruising, fatigue, soreness, and lightheadedness. The occurrence of these side effects can differ in severity and number. Other side effects include nausea, fainting spells, and headaches. Majority of these side effects are temporary, and the use of non-invasive techniques and technology have mitigated the problem to some extent. However, fear or unease regarding needles is prominent, and thus challenges market growth. Meanwhile, use of complementary or alternative medicine has grown rapidly in the recent years. As a result, acupuncture therapy has received improved funding, thus providing the market with ample room for expansion. For instance, The 2016 Vermont Legislature appropriated 200,000 USD to fund a pilot study to assess acupuncture as an adjunct therapy for the treatment of chronic pain in the Vermont Medicaid population.
The global acupuncture market is segmented on the basis of product & services, application, end-user, and region. By products & services, the market is segmented into services and products. Services are further sub-segmented into traditional Chinese medicine, Japanese acupuncture, Korean hand acupuncture, auricular and scalp acupuncture, non-insertion acupuncture, moxibustion, cupping, and others. The product segment is further segmented to include needles, suction cups, laser needle, rod lasers and laser pens, electro-acupuncture device, and others. Further sub-segmentation is included in the report. The services segment is the most significant segment with the highest CAGR of 14.26% during the forecast period due to the increasing preference that is being given to alternative therapies, particularly acupuncture.
By application, the market is segmented into pain syndrome illnesses, gynecological disorders, psychological illnesses, and others. Pain-syndrome illness accounts for a third of the total market and is expected to witness a CAGR of 14.04% during the forecast period. The increasing occurrences of arthritis, fibromyalgia, migraine and other pain-related diseases has increased the demand for pain-relieving therapy. Acupuncture is a popularly preferred treatment option which has contributed significantly to the growth of this segment.
Get Sample Report Here https://www.marketresearchfuture.com/sample_request/6139
By end-user, the market is segmented into wellness center, hospitals & specialty clinics, and research & academic institutes. The wellness center segment is the largest segment due to a large number of wellness centers which offer acupuncture therapies and the growing foot traffic these centers receive as acupuncture therapy and alternative therapies become high in demand.
Regional Analysis:
Europe presently holds the largest share of the global acupuncture market owing to the prevalence of chronic diseases and the increasing preference among the European population for acupuncture therapies. Approximately 80,000 physician practice acupuncture in Europe and the presence of several prominent market players in the region is expected to contribute to market growth. Moreover, improving insurance coverage in countries such as Austria, France, and Spain among others, is likely to facilitate growth for the regional market. The European region is expected to grow at a CAGR of 13.53% during the forecast period.
The Asia-Pacific is anticipated to be the fastest growing region in the global acupuncture and is expected to experience a CAGR of 15.02% during the review period. The regions rapid growth is attributed to the presence of countries such as China, Korea, and Japan which have a high adoption rate of such therapies due to acupuncture originating from this region. The prevalence of chronic diseases has affected the region and increased the demand for acupuncture in the region. Additionally, the region has several prominent market-leading players who drive growth.
Get Discount On Customize Report https://www.marketresearchfuture.com/check-discount/6139
Leading Market Players:
Schwa-medico GmbH,
3B Scientific GmbH,
Wuxi Jiajian Medical Instruments Co., Ltd.
Cymedics GmbH & Co. KG
MKW Laser system GmbH
Asia-med GmbH
Qingdao Great Fortune Co., Ltd.
AcuMedic Ltd.
SEIRIN Corporation
Zepter International
Major TOC of Acupuncture Market Research Report- Global Forecast till 2023
1 Introduction
2 Research Methodology
3 Market Dynamics
4 Market Factor Analysis
5 Global Acupuncture Market, By Product
6 Global Acupuncture Market, By Service
7 Global Acupuncture, By Application
8 Global Acupuncture, By End-user
9 Global Acupuncture, By Region
10 Competitive Landscape
11 Company Profile
12 MRFR Conclusion
Need More Information Ask to our Experts @ https://www.marketresearchfuture.com/enquiry/6139
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future
Office №528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune — 411028
Maharashtra, India
Phone: +1 646 845 9312
Email: sales@marketresearchfuture.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Acupuncture Market in North American and Europe 2023 - Japanese Acupuncture, Korean Hand Acupuncture,Traditional Chinese Medicine, Auricular Acupuncture, Scalp Acupuncture, Non-Insertion Acupuncture Cupping and Moxibustion here
News-ID: 1305608 • Views: …
More Releases from Market Research Future
Hydrofluoric Acid Market (CAGR) of 4%, Innovation Imperative Future Proofing You …
Hydrofluoric acid (HF) is a crucial chemical compound with a wide range of applications across various industries. Despite its hazardous nature, it plays an essential role in manufacturing processes, especially in the production of fluorine compounds. The global hydrofluoric acid market has been witnessing steady growth, driven by demand from end-user industries such as oil refining, pharmaceuticals, and electronics.
The Hydrodesulfurization Catalysts Market is projected to register a CAGR of over…
Palm Methyl Ester Derivative Market Size Projected to Grow at 5.92% CAGR, Reachi …
In recent years, the global market for palm methyl ester derivatives has witnessed significant growth, driven by various factors including environmental concerns, technological advancements, and the increasing demand for sustainable alternatives in various industries. Palm methyl ester derivatives, derived from palm oil, have emerged as versatile ingredients with applications spanning across sectors such as cosmetics, pharmaceuticals, lubricants, and more.
The Palm Methyl Ester Derivative Market Size was valued at USD 1.5…
Asia-Pacific Ceramic Tiles Market to Register Highest CAGR Growth of 7.50% by 20 …
The Asia-Pacific ceramic tiles market has been witnessing robust growth, driven by various factors such as increasing investments in residential and commercial construction, renovation activities, and the growing preference for aesthetically pleasing and durable flooring solutions. Countries like China, India, Japan, and South Korea have been leading the market growth, supported by strong manufacturing capabilities, technological advancements, and evolving consumer preferences.
Asia-Pacific Ceramic Tiles Market Size was valued at USD 141.2…
APAC Wallpaper Market to Register Highest CAGR Growth of 8% by 2032: Analysis by …
The APAC wallpaper market has witnessed significant growth in recent years, driven by factors such as rising disposable incomes, expanding construction activities, and growing awareness regarding interior decor. Countries like China, India, Japan, South Korea, and Australia have emerged as key contributors to the region's wallpaper market. Additionally, the increasing adoption of innovative wallpaper designs and patterns is fueling market growth further.
APAC Wallpaper Market Size was valued at USD 0.55…
More Releases for Acupuncture
Acupuncture Treatment Market Key Players Investment Research and Professional Su …
The latest competent intelligence report published by WMR with the title “An increase in demand and Opportunities for Global Acupuncture Treatment Market 2021” provides a sorted image of the Acupuncture Treatment industry by analysis of research and information collected from various sources that have the ability to help the decision-makers in the worldwide market to play a significant role in making a gradual impact on the global economy. The report…
Acupuncture Clinic Market Disclosing Latest Advancement Analysis and Forecast fr …
The latest release from WMR titled Acupuncture Clinic Market Research Report 2021-2027 (by Product Type, End-User / Application, and Regions / Countries) provides an in-depth assessment of the Acupuncture Clinic including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles, and strategies. Global Acupuncture Clinic Market study with 100+ market data Tables, Pie Chat, Graphs & Figures is now released BY WMR. The report presents…
Botanicals And Acupuncture Market to See Huge Growth | Modern Acupuncture, Chiro …
The advent of nanotechnology in acupuncture-based treatments offers lucrative growth opportunities for the market. Nanotechnology has enabled the use of nanosensors or nanochips to offer solutions for the detection of reactive molecules in vivo and in real time. Assessment of compounds, as well as the dynamics of how reactive molecules relate to needle stimulation, is expected to provide new insights for these treatments.
“Botanicals And Acupuncture Market is growing at a…
2020-2026 Acupuncture Market Is Booming Worldwide | Modern Acupuncture, Zepter I …
Global "Acupuncture Market" Research Report 2020-2026 is a historical overview and in-depth study on the current & future market of the Acupuncture industry. The report represents a basic overview of the Acupuncture market share, competitor segment with a basic introduction of key vendors, top regions, product types, and end industries. This report gives a historical overview of the Acupuncture market trends, growth, revenue, capacity, cost structure, and key driver's analysis.
"Final…
Acupuncture Needles Market Research and Clinical Analysis 2020 - Suzhou Medical, …
The Acupuncture Needles Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
In 2018, the global Acupuncture…
Worldwide Acupuncture Market 5.8% CAGR with Top Players Acupressure, Moxibustion …
Acupuncture Market Scenario
The Global Acupuncture Market is expected to reach an approximate CAGR 5.8% of during the forecast period. The increase in global awareness about acupuncture and its benefits drives the market growth. Acupunctures are used for treating various gynecological disorders and chronic diseases such as respiratory diseases, cancer, and others. According to the Centers for Disease Control and Prevention (CDC), 7.3 million women of age group 15 to 44…