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Acupuncture is a growing market with some notable trends – the increased demand for alternative and complementary therapies, greater acceptance of acupuncture within mainstream healthcare and ongoing research verifying that this treatment really works. As this ancient art becomes global in recent years, the acupuncture market is witnessing some important trends that influence its penetration into society, inclusion into medical systems and technological innovations.
A growing trend in the acupuncture market is interest for complementary and alternative therapies. In line with the increased demand for alternative treatments to drugs, acupuncture which has its origins from traditional Chinese medicine becomes a viable non-pharmacological therapy in controlling different health conditions.
Acupuncture is becoming integrated into major health care systems. Many hospitals and healthcare institutions are now adding acupuncture services to the offerings of their treatment. This marks the increasing acceptance of acupuncture as a healing procedure and an opportunity to supplement traditional medical treatments.
A major trend contributing to the market development of acupuncture is its effectiveness in terms of pain management. As an additional treatment, acupuncture is currently used to treat chronic pain syndromes like musculoskeletal disorders , migraines and arthritis. This is based on increasing research demonstrating acupuncture’s effectiveness in pain relief.
The techniques and approaches in acupuncture are diversifying. Various methods that are being used to alleviate specific health problems include traditional acupuncture, electroacupuncture auricular and laser acupuncture. This trend helps practitioners customize their treatments to personal patient needs and preferences.
There are impacts of technology on the acupuncture market as new devices regarding acupuncture have been developed. Technologies that improve the precision and efficacy of acupuncture treatments include laser acupuncture pens, electroacupuncture devices, etc. This trend supports the blending of contemporary technology with conventional healing practices.
Acupuncture is used in mental health and wellness increasingly. Acupuncture has been looked at as an adjuvant therapy in order to ease stress, anxiety and depression. This trend indicates a comprehensive perception of healthcare that has aspects related to the unity between physical and psychological health.
Market trend of pediatric acupuncture services is growing in the market. Acupuncture is increasingly being modified for pediatric applications as parents search out natural and gentle healthcare choices when it comes to treating their children. Research has shown that acupuncture is safe and effective in treating some pediatric conditions which support this trend.
There are uses for acupuncture in sports medicine and rehabilitation. Increasingly, athletes are using acupuncture in their recovery and injury prevention circles. This is due to the perception that acupuncture helps muscle healing, reduces inflammation and promotes overall athletic performance.
The acupuncture market has become increasingly focused on research validation and evidence-based practice. Scientific studies on the effectiveness of acupuncture for many conditions have been making strides in influencing healthcare decision-makers and working towards integrating it into treatment protocols.
Trends in the market involve regulatory recognition and standardization of acupuncture practices. Regions are setting up the regulatory frameworks in order to ensure that practitioners of acupuncture carry out their practices safely and competently. This trend is essential for winning the trust of patients and promoting professionalization in acupuncture services.
Tele acupuncture and virtual consultations are solutions for changing models of healthcare delivery. Patients can now receive acupuncture through telemedicine, enabling the continuum of care and increasing accessibility for practitioners. This can be seen as a reflection of the wider trend in healthcare delivery which is toward telehealth.
Acupuncture Market Highlights:
Acupuncture Market Overview
The Acupuncture Market Size was valued at USD 38.1 Billion in 2022 and is projected to grow from USD 44.61 Billion in 2024 to USD 157.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.10% during the forecast period (2024 - 2032). The worldwide acupuncture needle market has grown significantly, contributing to financial profits and increased benefits from Acupuncture than any other form of treatment are the key market drivers contributing to the market’s growth and revenue.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Acupuncture Market Trends
- The growing acupuncture needle market is driving the market growth
The rising acupuncture needle market is driving the market CAGR for acupuncture. People have adopted a very unhealthy way of life due to changes in the field of work they do and working hours, which has become the root cause of all health issues. Back discomfort, insomnia, migraines, physical pain, dependency on alcohol, obesity, and menstruation difficulties are all major concerns caused by a disturbed routine. Acupuncture has proven good and long-term results in dealing with these issues when paired with other types of physical activity, such as yoga, jogging, walking, and meditating. As a result, the market of acupuncture has increased significantly, contributing to monetary profits.
Additionally, according to the most recent acupuncture market report, treatment with Acupuncture is a rapidly increasing medical technique. Acupuncture with instruments, laser pens and rods, and suction cups has been quite helpful in treating all of these lifestyle concerns. Acupuncture treatment centers have been established at many hospitals and clinics. With the government also engaging in these private practices, the acupuncture industry is on the cusp of expanding, bringing financial rewards to enterprises that have invested in developing needles and other acupuncture-related things. The number of surgical procedures done has increased as the frequency of persistent illnesses has increased. Many surgical incisions are fairly wide and deep, as well as unpleasant. In such circumstances, Acupuncture helps patients with physical and psychological alleviation. It also aids in the recovery from post-surgical trauma, driving the demand for this technique. As a result, the growing number of operations is expected to raise the need for acupuncture treatments, driving the demand for acupuncture needles forward.
Since November 2019, the predominance of COVID-19 has dampened the world's economy, social life, and politics. Travel and contact were absolutely prohibited because of the virus's unknown effect and treatment. Acupuncture has been demonstrated to help with COVID-19 symptoms such as vomiting, nausea, sleeplessness, shortness of breath, and other respiratory issues. Many clinical trials were undertaken last year to assess the efficacy of treatment with Acupuncture and reach a conclusion. During COVID-19, the medical acupuncture market has grown at greater elevations on an exponential slope.
For instance, as per WHO (World Health Organization) estimate in 2019, 1.13 billion individuals globally have hypertension (BP). Diabetes is the major cause of high blood pressure, which affects approximately 1.00 billion people worldwide. Furthermore, chronic diabetes frequently leads to diabetic ulcers of the legs, which are extremely painful for the sufferers. Acupuncture therapy can assist people suffering from such diseases and reduce their discomfort. It also aids in reducing hypertension by providing mental comfort, fueling the development of the acupuncture needle market throughout the projected timeframe. Thus, driving the Acupuncture market revenue.
Acupuncture Market Segment Insights
Acupuncture Product & Services Insights
The market segments of acupuncture, based on product & services, includes services and products. The services category dominated the market, accounting for 72% of the market share (USD 27.4 billion) in 2022. Japanese Acupuncture, cupping, conventional Chinese medicine, Korean manual Acupuncture, auricular, head acupuncture, a process called non-insertion Acupuncture, and additional services dominate the market, which will boost the overall market growth.
Figure 1: Acupuncture Market, by Product & Services, 2024 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Acupuncture Application Insights
The market segmentation of acupuncture, based on application, includes pain syndrome illnesses, gynecological disorders, and others. The pain syndrome illnesses category generated the highest revenue income at about 46% (USD 17.5 billion) in 2022. It is anticipated to expand quickly during the projected timeframe, boosting overall market revenue growth.
Acupuncture End-User Insights
The acupuncture market segmentation, based on end-user, includes wellness centers, hospitals & specialty clinics, and others. The hospitals & specialty clinics dominated the market, accounting for 39% of market revenue (USD 14.86 billion) in 2022. The growing number of specialized clinics, particularly in emerging nations, equipped with cutting-edge technology and goods will drive significant expansion in the category in the coming years. The growing number of private acupuncture hospitals and specialty clinics worldwide is a major factor driving the expansion of this market segment.
Acupuncture Regional Insights
By region, the research provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Acupuncture market area accounts for the second highest market; owing to the country's substantial number of people suffering from chronic diseases, there has been an increase in therapeutic and palliative care. In addition, increasing scientific and medical study results confirming the effectiveness of acupuncture treatment for pain alleviation and management will boost the market growth in the North American region.
Further, the major countries studied in the market report are the US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Acupuncture Market Share by Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe region’s Acupuncture market will dominate this market during the projected timeframe due to the Its acceptance as an additional medical certification by The European Medical Association, hence boosting the growth of the region's acupuncture treatment sector. Further, the German market of Acupuncture dominates the market share, and the UK market of Acupuncture is anticipated to grow rapidly in the European region.
The Asia-Pacific Acupuncture Market is expected to grow significantly during the projected timeframe. This is due to expanding awareness related to Acupuncture's medicinal and health benefits, which will boost market demand in the APAC region. Moreover, China’s market of Acupuncture dominates the market share due to the origin of well-established conventional Chinese medicinal techniques, and the Indian market of Acupuncture is anticipated to be fast growing area during the projected timeframe in the Asia-Pacific region.
Acupuncture Key Market Players & Competitive Insights
Leading market players invested heavily in research and development (R&D) to scale up their manufacturing units and product lines, which will help the market of Acupuncture grow worldwide. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their footprint, with important market developments including new product portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. The Acupuncture industry must offer cost-effective and sustainable options to survive in a fragmented and dynamic market climate.
Manufacturing locally to minimize operational expenses and offer aftermarket services to customers is one of the key business strategies organizations use in the Acupuncture industry to benefit customers and capture untapped market share and revenue. The Acupuncture industry has recently offered significant advantages to the medicine and service industry. Moreover, more industry participants are utilizing and adopting Acupuncture, and cutting-edge technology has grown substantially. Major players in the Acupuncture market, including Wuxi Jiajian Medical Instruments Co. Ltd., Zepter International, Acumedic Limited, 3B Scientific GmbH, Asia-Med Gmbh, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, SIRIN Corporation, MKW Laser System GmbH are attempting to expand market share and demand by investing in research and development (R&D) operations to produce sustainable and affordable solutions.
Lipoid Kosmetik is an important producer of organic raw materials, including superior actives, medicinal plants, and phospholipid formulations, especially for the personal care and cosmetic sectors. It was founded in 1977. Over the previous 50 years, they have built an enviable name in the worldwide cosmetics sector. Lipoid Kosmetik AG launched PhytoCodine in May 2020, expanding its line of cutaneous messenger peptides. It is the globe's only anti-wrinkle focus derived from organic matriline-like peptides, and it changes fibroblasts to create parts of the extracellular matrix associated with skin that appears younger.
Modern Acupuncture delivers practical, approachable well-being and pain treatment by harmonizing the circulatory system via Acupuncture. The organization was founded by Gubernick, Hale, Everts, and another Co-founder, Mike Nesteby (responsible for establishing the IT infrastructure that enabled its rapid expansion). Since the organization's inception in September 2016, over 500 licenses have been granted, with approximately 50 clinics operational around the United States. Modern Acupuncture secured investment from Strand Equity in October 2019, a business primarily investing in sophisticated and well-known services for customers and other brands. This funding arrangement was designed to improve the availability of alternative healthcare. The corporation intended to build 11 new locations across the United States through this funding.
Key Companies in the market of Acupuncture include
- Wuxi Jiajian Medical Instruments Co.
- Zepter International
- Acumedic Limited
- 3B Scientific GmbH
- Asia-Med Gmbh
- Schwa-medico GmbH
- Qingdao Great Fortune Co. Ltd
- SIRIN Corporation
- MKW Laser System GmbH
Acupuncture Industry Developments
May 2020:Lipoid Kosmetik AG launched PhytoCodine in May 2020, expanding its line of cutaneous messenger peptides. It is the globe's only anti-wrinkle focus derived from organic matriline-like peptides, and it changes fibroblasts to create parts of the extracellular matrix associated with skin that appears younger.
May 2020:Firmenich SA will open its 3rd Fragrance Atelier, named Villa Botanica, in Grasse in May 2020 to strengthen its position as a leader in organic and ecological product offerings.
October 2019:Modern Acupuncture secured investment from Strand Equity in October 2019, a business primarily investing in sophisticated and well-known services for customers and other brands. This funding arrangement was designed to improve the availability of alternative healthcare. The corporation intended to build 11 new locations across the United States through this funding.
Acupuncture Market Segmentation
Acupuncture Product & Services Outlook
- Services
- Product
Acupuncture Application Outlook
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Pain Syndrome illness
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Gynecological Disorders
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Others
Acupuncture End-User Outlook
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Wellness Centres
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Hospitals & Specialty Clinics
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Others
Acupuncture Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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