Global Acupuncture Treatment Market Value Projected to Expand by 2029

The global Acupuncture Treatment Market generated US$ 27.1 billion in revenue at the end of 2021, and is expected to grow rapidly at a CAGR of 16.3% to reach a market worth of US$ 143.6 billion by the end of 2032.

By the end of 2032, Persistence Market Research projects that the market for treating musculoskeletal problems with acupuncture would be worth US$58.9 billion.
The consequences with pharmaceutical medications and medicinal APIs have been used to increase the use of acupuncture in pain management across the globe.

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Some of the most common side effects of medication-related pain treatment are nausea, vomiting, disorientation, heartburn, cutaneous rashes, and constipation. Due to the lack of the aforementioned side effects with other, complementary treatment alternatives, the use of alternative therapies like acupuncture and physical therapy is thus growing. As a result, the discomfort related to using normal drugs has increased the market size for acupuncture treatments.

What Chances Are There for Acupuncture Service Providers?

"Increased Government Support for Acupuncture and Growing Chronic Conditions"

Currently, there are many alternative therapies, including physical therapy and complementary therapies, that can be used as therapeutic choices for a variety of purposes. Adopting drugs for the treatment of certain illness situations, such as for mental health purposes or pain management in cancer patients, is associated with a wide range of negative effects.

Over the anticipated years, this aspect is anticipated to fuel an increase in demand for acupuncture treatments. Additionally, regional and municipal government entities have supported programmes that encourage the use of complementary and alternative medicine in the treatment of sickness. These governmental entities exhibit tactical positioning to identify local requirements and support connections, networking, and market expansion goals for acupuncture treatments.
Additionally, local governments have acquired large funds to build socioeconomically focused development strategies by offering acupuncture therapy training and educational programmes.

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Competitive Environment

Low-cost marketing strategies are used since the bulk of acupuncture treatment providers are relatively unimportant market participants. One of the most well-liked strategies for marketing to enhance sales is providing a free trial.

The market for acupuncture treatments has been negatively impacted by COVID-19, and firms have recently entered the telemedicine industry. This not only makes it easier for businesses to connect with their clients, but it also helps them stand out from the competition.

For example,

The American College of Traditional Chinese Medicine (ACTCM) graduates are providing free acupuncture services in France as a marketing strategy to grow their clientele.

To enhance the number of qualified acupuncturists in the nation, the New Zealand Chinese Medicine & Acupuncture Society (NZCMAS) and the NZ College of Chinese Medicine (NZCCM) have partnered.

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Companies Covered in This Report -

TCM Australia.
ACTCM, U. S.
Jingshen TMC Clinic, U. K.
PRTCM, Ireland
ChinaMed Charlottesville
NZCMAS, New Zealand
ATCM, U. K.
ETCMA, U. K.
Beijing Acupuncture and Herbal Clinic

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