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Acupuncture Needle Market worth $233.96 million by 2030, growing at a CAGR of 8.30% - Exclusive Report by 360iResearch
Acupuncture Needle Market | 360iResearch
The Global Acupuncture Needle Market to grow from USD 133.88 million in 2023 to USD 233.96 million by 2030, at a CAGR of 8.30%.
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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.
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.
Market Segmentation & Coverage:
This research report categorizes the Acupuncture Needle Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Type, market is studied across Disposable and Non-Disposable. The Disposable is projected to witness significant market share during forecast period.
Based on Needle Material, market is studied across Copper, Gold, Silver, and Stainless Steel. The Stainless Steel is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies. The Hospital Pharmacies is projected to witness significant market share during forecast period.
Based on End User, market is studied across Clinics and Hospitals. The Hospitals is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 44.61% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Acupuncture Needle Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Acupuncture Needle Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
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.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Acupuncture Needle Market, by Type
7. Acupuncture Needle Market, by Needle Material
8. Acupuncture Needle Market, by Distribution Channel
9. Acupuncture Needle Market, by End User
10. Americas Acupuncture Needle Market
11. Asia-Pacific Acupuncture Needle Market
12. Europe, Middle East & Africa Acupuncture Needle Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Acupuncture Needle Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Acupuncture Needle Market?
3. What is the competitive strategic window for opportunities in the Acupuncture Needle Market?
4. What are the technology trends and regulatory frameworks in the Acupuncture Needle Market?
5. What is the market share of the leading vendors in the Acupuncture Needle Market?
6. What modes and strategic moves are considered suitable for entering the Acupuncture Needle Market?
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