Medical Acupuncture Needles Research:CAGR of 6.84% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2024 latest report "Medical Acupuncture Needles- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030". Based on current situation and impact historical analysis (2019-2023) and forecast calculations (2024-2030), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.



The global market for Medical Acupuncture Needles was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.



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Medical Acupuncture Needles Market Summary

Acupuncture needles for traditional Chinese medicine are tools used for acupuncture treatment, usually made of metals such as bronze, iron, gold and silver. With the advancement of metal smelting technology, the shapes and uses of acupuncture needles have gradually diversified, and the operation has become more convenient and flexible, and the harm to the human body is also less. Acupuncture needles for traditional Chinese medicine are divided into disposable acupuncture needles and non-disposable acupuncture needles. The commonly used types include filiform needles, triangular needles, skin needles, round needles, fire needles, etc. There are many ways to insert acupuncture needles for traditional Chinese medicine, including single-handed insertion, finger-cutting insertion, clamping insertion, lifting and pinching insertion, and relaxation insertion. The effects of acupuncture are mainly reflected in dredging meridians, harmonizing yin and yang, strengthening the body and eliminating evil, etc. It plays an important role in adjusting the meridians of the human body, achieving yin and yang balance, unblocking qi and blood, and treating diseases.

According to the new market research report "Asia Pacific Medical Acupuncture Needles Market Report 2023-2029", published by QYResearch, the Asia Pacific Medical Acupuncture Needles market size is projected to grow from USD 91.22 million in 2023 to USD 126.54 million by 2029, at a CAGR of 6.84% during the forecast period.

Asia PacificMedical Acupuncture Needles MarketSize (US$ Million), 2018-2029
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Above data is based on report from QYResearch: Asia Pacific Medical Acupuncture Needles Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.



Asia Pacific Medical Acupuncture Needles Top10Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
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Above data is based on report from QYResearch: Asia Pacific Medical Acupuncture Needles Market Report 2023-2029 (published in 2023). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Medical Acupuncture Needles such as , Suzhou Medical, Dongbang Medical, Empecs , etc.

In 2022, the Asia Pacific top five Medical Acupuncture Needles players account for 70% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Medical Acupuncture Needles.



Medical Acupuncture Needles,Asia Pacific Market Size, Split by Product Segment
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Based on or includes research from QYResearch: Asia Pacific Medical Acupuncture Needles Market Report 2023-2029.

In terms of product type, Fine Needles is the largest segment, hold a share of 56%.



In terms of product application, Hospital is the largest application, hold a share of 63%.



Market Drivers:

The increase in health awareness has led to an increase in demand. With the improvement of people's living standards and the enhancement of health awareness, more and more people are beginning to seek natural and side-effect-free treatment methods. As an important part of traditional medicine, Chinese medicine acupuncture is favored for its unique efficacy and safety. Chinese medicine acupuncture needles can stimulate local acupuncture points through acupuncture, promote blood circulation, improve physical condition, and have fewer side effects, which is in line with the modern people's health concept. The concept of health and wellness has promoted the development of medical acupuncture needles.
Policy support. As a treasure of traditional Chinese medicine, Chinese medicine acupuncture has received great attention from the country. In recent years, the country has issued a series of policy documents, such as the Outline of the Strategic Planning for the Development of Traditional Chinese Medicine (2016-2030), which clearly proposed to vigorously develop the cause of traditional Chinese medicine, and traditional therapies including acupuncture have received key support. In addition, some regions have included Chinese medicine acupuncture in the scope of medical insurance reimbursement, reducing the economic burden on patients and further promoting the popularization and development of Chinese medicine acupuncture.
Technological progress and increased investment in scientific research. With the development of modern science and technology, Chinese medicine acupuncture is also constantly innovating and progressing. For example, the emergence of new acupuncture techniques such as electroacupuncture therapy has not only improved the efficacy and safety of acupuncture, but also broadened the scope of its application. In addition, the state and enterprises have increased their investment in the scientific research of Chinese medicine and acupuncture, and have continuously revealed the mechanism of action and scientific connotation of acupuncture through basic research, clinical research and other means, providing strong support for the modernization and international development of acupuncture.
Restraint:

Backward technology. At present, the manufacturing technology and quality of acupuncture needles of some enterprises are relatively backward, and advanced manufacturing enterprises have achieved unmanned and automated production. In the case of semi-mechanized, semi-manual state and backward technology and process, with the continuous rise in labor costs, many factories have begun to close down.
The market competition is relatively fierce. At present, there are a large number of manufacturers and brands in the acupuncture needle market, and the competition between brands such as China, South Korea, and Japan is very fierce. Internationally renowned brands have occupied a large market share with their advanced technology, high-quality products and brand influence, bringing greater competitive pressure to smaller companies.
Raw material prices fluctuate. At present, the materials of medical acupuncture needles are mainly stainless steel, gold, silver, copper, medical plastics, etc. These raw materials are affected by various factors such as market supply and demand, international political and economic situation, and there are price fluctuations. The rise in raw material prices will increase the production costs of enterprises, thereby affecting the market competitiveness and profit margins of products.
Opportunity:

Product recognition is improving. At present, Chinese medicine is being recognized worldwide, and its international promotion and development momentum has been on the rise in recent years. More and more countries and regions have begun to recognize and accept Chinese medicine. According to statistics, 196 countries and regions around the world are using Chinese medicine. Acupuncture, as a treatment method of Chinese medicine, has gradually been favored by overseas patients for its unique efficacy and less side effects, and many countries have enacted acupuncture legislation.
International market expansion. With the acceleration of the internationalization of Chinese medicine, more and more acupuncture needle companies have begun to explore the international market and improve the international competitiveness of their products. This will bring broader development space to the acupuncture needle market. In addition, international cooperation and exchanges have also promoted the dissemination and innovation of acupuncture needle technology.
Market demand continues to grow. A survey by the World Health Organization shows that acupuncture has become the most widely used and most accepted traditional medicine in the world. It has been used in more than 190 countries and regions around the world and is widely recognized. More and more people are beginning to accept acupuncture treatment, which has promoted the continued growth of the medical acupuncture needle market. In addition, the aging trend of the global and Chinese population is intensifying, and the demand for health and rehabilitation services among the elderly is increasing. As a non-drug therapy, acupuncture will further expand its market demand due to its significant efficacy and fewer side effects.








The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.



The Medical Acupuncture Needles market is segmented as below:

By Company

AcuPrime
Lhasa OMS Acupuncture
APE Medical
Oxford Medical Supplies Ltd
Team Medical Supplies
Shinylink (Shanghai) Industrial Inc.
Seirin
Suzhou Acupuncture Goods Co., Ltd.
LABA Machine
Asiamed
AIK Medical
Cloud & Dragon



Segment by Type

Disposable Acupuncture Needles
Non-Disposable Acupuncture Needles



Segment by Application

Hospital
Clinic
Outpatient Center
Others



Each chapter of the report provides detailed information for readers to further understand the Medical Acupuncture Needles market:

Chapter 1: Introduces the report scope of the Medical Acupuncture Needles report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2019-2030)

Chapter 2: Detailed analysis of Medical Acupuncture Needles manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2019-2024)

Chapter 3: Provides the analysis of various Medical Acupuncture Needles market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2019-2030)

Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2019-2030)

Chapter 5: Sales, revenue of Medical Acupuncture Needles in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2019-2030)

Chapter 6: Sales, revenue of Medical Acupuncture Needles in country level. It provides sigmate data by Type, and by Application for each country/region.(2019-2030)

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2019-2024)

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Conclusion.



Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Medical Acupuncture Needles competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Medical Acupuncture Needles comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Medical Acupuncture Needles market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.



Other relevant reports of QYResearch:

Global Medical Acupuncture Needles Market Insights, Forecast to 2030
Global Medical Acupuncture Needles Market Research Report 2024
Medical Acupuncture Needles - Global Market Insights and Sales Trends 2024
Global Medical Acupuncture Needles Market Research Report 2023
Global Medical Acupuncture Needles Market Report, History and Forecast 2018-2029, Breakdown Data by Manufacturers, Key Regions, Types and Application

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