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The global acupuncture needles market exhibited strong growth during 2015-2020. Acupuncture needles are thin metallic needles that are inserted into the patient’s skin at specific pressure points. The needles stimulate the nerves to release hormones, such as endorphins, to trigger a response from the body. They are commonly available in disposable and non-disposable variants manufactured using gold, silver and stainless steel. They aid in the treatment of body aches, paralysis and digestive, gynecological and joint-related disorders. In comparison to the injection needles, acupuncture needles are cost-effective and have rounded tips and minimal risks of cutting the tissue, bleeding, infection and pain.
The increasing prevalence of chronic diseases, such as hypertension, diabetes, obesity and other autoimmune disorders, across the globe represents one of the key factors driving the growth of the market. Furthermore, the rising acceptance of acupuncture as an effective pain management solution is also driving the market growth. Acupuncture needles provide pain relief and assist the patient in overcoming post-surgical trauma. They also cause minimal pain and discomfort and are thereby also preferred by elderly patients to treat body aches and get mental and physical relief. Additionally, various product innovations, such as the development of needles with nano-sensors for physical, chemical, and biological sensing, are acting as other growth-inducing factors. They offer improved detection sensitivity, specificity and portability. Other factors, including increasing healthcare expenditures of the consumers, along with the widespread adoption of acupuncture for the treatment of emotional disorders and substance addictions, are anticipated to drive the market further. Looking forward, IMARC Group expects the global acupuncture needles market to grow at a CAGR of 7.3% during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the global acupuncture needles market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product, material and end use.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being 3B Scientific GmbH, AcuMedic Ltd., AcuSupply Inc., asia-med GmbH, Boen Healthcare Co. Ltd., SEIRIN Corporation, Shinylink (Shanghai) Industrial Inc., Suzhou Hualun Medical Appliance Co. Ltd., Suzhou Zhongjing Life & Science Technology Co. Ltd. and Wuxi Jiajian Medlcal Instrument Co. Ltd.
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