Acupuncture Needles Market Forecast

Acupuncture Needles Market Size:

The global acupuncture needles market size reached US$ 264.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 489.8 Million by 2032, exhibiting a growth rate (CAGR) of 7.07% during 2024-2032. The market is primarily driven by the increasing acceptance of acupuncture for pain management, the rising prevalence of chronic diseases, growing awareness about alternative therapies, and advancements in acupuncture techniques and equipment across the globe.

Acupuncture Needles Market Analysis:

• Major Market Drivers: The demand for acupuncture needles is rising due to the growing recognition of acupuncture in mainstream healthcare, the increase in chronic illnesses and pain disorders, and a trend toward non-pharmacological therapies. Furthermore, a number of developments in needle technology, such painless and disposable needles, improved patient comfort encourage industry expansion.
• Key Market Trends: The rising use of disposable acupuncture needles, and the use of acupuncture through its combination with complementary therapies, such as chiropractic care and traditional Chinese medicine (TCM) are contributing to the market growth. In addition, internet retail platforms are becoming popular as they provide customers with ease and an extensive selection of products.
• Geographical Trends: Asia-Pacific, particularly China and Japan, remains a significant market owing to cultural acceptance and deep-rooted traditions of acupuncture. North America and Europe lead the market due to established healthcare infrastructure and increasing adoption of integrative medicine practices.
• Competitive Landscape: Some of the major acupuncture needles companies include 3B Scientific GmbH, AcuMedic Ltd., Acu-International Supplies, Inc., asia-med GmbH, Boen Healthcare Co. Ltd., Coghlin Companies Inc., Seirin Corporation, Shinylink (Shanghai) Industrial Inc., Suzhou Hualun Medical Appliance Co. Ltd., Suzhou Zhongjing Life & Science Technology Co. Ltd., and Wuxi Jiajian Medical Instrument Co. Ltd., among many others.
• Challenges and Opportunities: The regulatory challenges vary across regions, affecting product approvals, market entry strategies and limited reimbursement policies for acupuncture treatments in some countries are challenging market expansion. According to the acupuncture needles market insights, the opportunities lie in research and development focused on needle design, material innovation, and clinical efficacy studies to enhance treatment outcomes and broaden market acceptance.
   

Acupuncture Needles Market Trends:

Increasing Prevalence of Chronic Pain

The increasing number of individuals in America experiencing chronic pain is one of the main factors driving the need for acupuncture. The National Institutes of Health (NIH) reports that the study found that 21% of adults had chronic pain, which is characterized as pain that has occurred most days or every day for the previous three months, and 8% had high-impact chronic pain (HICP), which severely limits daily activities or work during the same period. The study also emphasizes how critical it is to treat the significant effects of chronic pain. Furthermore, at 52.4 occurrences per 1,000 people yearly, the incidence rate of new cases of chronic pain was noticeably higher than that of prevalent chronic diseases including diabetes, depression, and hypertension. Along with this, 14.9% of individuals reported having non-chronic pain in 2019 and went on to acquire chronic pain by 2020, underscoring the need for early pain treatment techniques. 61.4% of those who reported having chronic pain in 2019 reported having it in 2020, indicating a significant persistence rate for the condition. As acupuncture does not have the negative effects of many pharmacological therapies, it is acknowledged for its capacity to reduce pain and enhance quality of life. Hence, the market is expanding due to the growing demand for acupuncture needles, as more patients look for non-pharmacological therapy to address chronic illnesses, thus contributing to the acupuncture needles market growth.

Rising Awareness and Acceptance of Alternative Therapies

Acupuncture is one of the alternative medicines that have witnessed a tremendous increase in acceptability and use in recent years. The National Center for Complementary and Integrative Health (NCCIH) has released reports containing data that analyze changes in the use of seven complementary health practices among adult Americans. These practices include guided imagery/progressive muscle relaxation, yoga, meditation, massage therapy, chiropractic care, acupuncture, and naturopathy. For instance, the number of adults increased from 19.2% in 2002 to 36.7% in 2022 for at least 1 of the 7 methods. For instance, the percentage of people receiving insurance-covered acupuncture increased from 1% in 2002 to 2.2% in 2022. Furthermore, in the past 20 years, the data showed an increase in the number of American people utilizing complementary health treatments for pain management. The percentage of people who used these methods for pain treatment went from 42.3% in 2002 to 49.2% in 2022. A growing public awareness of acupuncture's advantages and its efficacy in treating several conditions, from chronic pain to mental health issues, is responsible for the increase in popularity. Besides this, the market is increasing the demand for acupuncture needles as public attitudes change and the stigma associated with alternative therapies fades. A growing number of licensed practitioners and acupuncture facilities are contributing to this development, which increases accessibility to therapy for a larger demographic, thus creating a positive acupuncture needles market outlook. 

Government Healthcare Expenditure

The Centers for Medicare & Medicaid Services (CMS) anticipate that between 2019 and 2028, national health spending will grow at an average annual rate of 5.4%, reaching a total of $6.2 Trillion by the conclusion of this time. The health expenditures sector's proportion of the economy is predicted to increase from 17.7% in 2018 to 19.7% by 2028, as health expenditures are predicted to grow 1.1% points higher than the gross domestic product (GDP) annually during this time. Medicare is forecast to expand at the fastest rate among the main players during the same time, at 7.6% annually, mostly due to anticipated increases in enrollment. There is a greater focus on incorporating and paying for complementary therapies like acupuncture as more money is being allotted for healthcare. A greater number of people may now afford treatments like acupuncture due to financial assistance from government health programs. This is achieved through direct expenditure and insurance coverage that covers alternative therapies. Along with this, the market for acupuncture needles market revenue is anticipated to increase at a rapid pace as acupuncture's rising financing and efficacy push it more into mainstream healthcare. Hence, this pattern supports the expansion of the acupuncture needle industry by reflecting a larger shift in the country's healthcare system toward holistic and varied treatment options across the globe.

Acupuncture Needles Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on product, material, and end use.

Breakup by Product:

• Disposable Needles
• Non-Disposable Needles
   

Disposable needles account for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the product. This includes disposable needles and non-disposable needles. According to the report, disposable needles represented the largest segment.

Disposable needles offer sanitary advantages over reusable needles. As disposables needles are recommended to avoid cross-contamination. The expansion of this market is being propelled by patients' and healthcare professionals' growing knowledge of infection control procedures. Demand is further increased by legal requirements requiring the use of disposable needles in healthcare facilities. Advances in manufacturing technology have led to an expansion of the market for disposable acupuncture needles. These developments have improved needle quality and reduced production costs, making them more affordable for a wider variety of practitioners worldwide.

Breakup by Material:

• Stainless Steel
• Gold
• Silver
• Others
   

Stainless steel holds the largest share of the industry

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes stainless steel, gold, silver, and others. According to the report, stainless steel accounted for the largest market share.

Stainless steel needles are highly favored for their durability, resistance to bending, and ease of sterilization, making them suitable for multiple uses. These needles provide a cost-effective solution for practitioners due to their longevity and minimal risk of allergic reactions compared to other materials. Additionally, stainless steel's ability to maintain sharpness over time ensures precise insertion and manipulation, enhancing the therapeutic efficacy of acupuncture treatments. This segment's dominance is supported by widespread availability and the material's established safety profile, making it a staple in both traditional and modern acupuncture practices. Hence key players are introducing advanced product variants to meet these needs. For instance, the LOCTITE stainless steel metal needles, measuring 0.5 inches, serve as metal nozzles designed for heated dispensing tasks, particularly with the 30ml PUR Dispense Head within the LOCTITE PUR hot melt adhesive system. These needles feature helical threads to securely attach to valves and syringe barrels and are available in various gauge sizes color-coded for easy identification. They are suitable for use with the LOCTITE HM20 PUR Dispense Head (30 ml) and other similar heated dispensing applications, protecting UV-sensitive fluids. The needles adhere to industry standards, with gauge sizes indicated by standard color coding.

Breakup by End Use:

• Hospital
• Clinics
• Others
   

The hospital represents the leading market segment 

The report has provided a detailed breakup and analysis of the market based on the end use. This includes hospital, clinics, and others. According to the report, hospital represented the largest segment.

Hospitals with the increasing integration of acupuncture into conventional medical treatments and the growing recognition of its benefits in pain management and therapeutic applications are contributing to the market growth. Additionally, hospitals are adopting acupuncture as a complementary treatment due to increasing patient demand for holistic and non-pharmacological treatment options. This trend is supported by a broader acceptance of acupuncture within medical communities due to clinical research affirming its efficacy for various conditions. Consequently, the increasing demand for acupuncture needles in hospitals has increased, reflecting an expanding base of practitioners and patients seeking these treatments within a clinical setting across the globe. For instance, on 13^th June 2024, the West Virginia Department of Health Facilities (DHF) is announced an upcoming acupuncture pilot program at William R. Sharpe, Jr. Hospital aimed at guiding patients through the detoxification process and alleviating symptoms such as anxiety, stress, paranoia, aggression, and other behaviors. Patients who are open to the therapy and stand to benefit from it will have access to acupuncture services. Starting August 1, 2024, William R. Sharpe, Jr. Hospital plans to initiate these therapy services monthly for six months following the initial sessions. The program's efficacy will be assessed by monitoring patient behaviors and conducting post-therapy surveys to evaluate potential reductions in medication reliance. Subsequent implementation of the acupuncture therapy program at Sharpe Hospital will hinge on these evaluations.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Asia Pacific leads the market, accounting for the largest acupuncture needles market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest regional market for acupuncture needles.

As per the acupuncture needles market forecast, the Asia Pacific region is dominating the segment due to the widespread cultural acceptance and historical significance of acupuncture within traditional medicine practices, particularly in countries like China, Japan, and South Korea. These regions exhibit a robust manufacturing base for acupuncture needles, supported by advanced production technologies and significant investments in healthcare infrastructure. Moreover, the growing awareness of non-pharmacological treatment methods among the population further enhances the market's expansion. Along with this, several government initiatives promoting traditional and alternative medicines have led to increased adoption of acupuncture, reinforcing the Asia Pacific's dominant position in the global acupuncture needles market. For instance, in December 2023, in Shanghai, the China Acupuncture Intangible Cultural Heritage Commission aims to preserve, research, and manage acupuncture cultural heritage, create an international platform for acupuncture, and promote its global recognition. UNESCO listed acupuncture and moxibustion in 2010, emphasizing their role in regulating the body's functions via meridians. Moreover, Yueyang Hospital is China's premier center for non-medicinal therapies like acupuncture and tuina specializing in acupuncture diagnosis and treatment in East China.

Competitive Landscape:

• The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the major market players in the acupuncture needles industry include 3B Scientific GmbH, AcuMedic Ltd., Acu-International Supplies, Inc., Asia-med GmbH, Boen Healthcare Co. Ltd., Coghlin Companies Inc., Seirin Corporation, Shinylink (Shanghai) Industrial Inc., Suzhou Hualun Medical Appliance Co. Ltd., Suzhou Zhongjing Life & Science Technology Co. Ltd. and Wuxi Jiajian Medical Instrument Co. Ltd.
  
  (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
   
• At present, the key players in the market are actively engaging in several strategic initiatives for strengthening their position, thus contributing to acupuncture needles market growth. These include innovations in product design, such as the development of painless or minimally invasive needles, to enhance patient comfort and acceptance. Furthermore, manufacturers are expanding their global distribution networks to tap into new and emerging markets. Moreover, partnerships and collaborations with healthcare providers and institutions are also prevalent, aimed at increasing the credibility and adoption of acupuncture in mainstream medicine. Additionally, companies are investing in marketing campaigns and educational programs to raise awareness about the benefits of acupuncture, thereby driving demand and adoption across various demographics. It helps in understanding the acupuncture needles market dynamics, allowing stakeholders to navigate shifts in demand, pricing, and technological advancements within the industry. For instance, in December 2023, AcuPips introduced an ear kit for the launch in the UK. AcuPips ear seeds are meticulously designed to align precisely with ear pressure points, directly interfacing with the central nervous system for effortless and efficient use. They aim to restore energy flow and promote overall body balance by stimulating these points, while focusing specifically on the ear and are rooted in traditional acupuncture principles.

Acupuncture Needles Market News:

• June 2023: Jiajian Medical has achieved a significant milestone by obtaining China's inaugural MDR-CE certificate for acupuncture and moxibustion needles, marking a breakthrough in the European market. This achievement reflects the rigorous quality standards and exceptional product performance of Jiajian Medical's acupuncture needle range. Jiajian Medical becomes the first Chinese manufacturer to enter the European market with acupuncture needle products meeting MDR standards with this certification. This accomplishment signifies a crucial advancement for Jiajian Medical Products as they transition fully to MDR certification, positioning them to expand their global market presence and contribute to the international medical industry.

Acupuncture Needles Market Report Scope:

Key Questions Answered in This Report:

• How has the global acupuncture needles market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global acupuncture needles market?
• What is the impact of each driver, restraint, and opportunity on the global acupuncture needles market?
• What are the key regional markets?
• Which countries represent the most attractive acupuncture needles market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the acupuncture needles market?
• What is the breakup of the market based on the material?
• Which is the most attractive material in the acupuncture needles market?
• What is the breakup of the market based on the end use?
• Which is the most attractive end-use in the acupuncture needles market?
• What is the competitive structure of the market?
• Who are the key players/companies in the global acupuncture needles market?

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the acupuncture needles market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global acupuncture needles market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the acupuncture needles industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.