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Sciatica Market Growth Projections and Opportunities
Acupuncture is a healing practice that involves a trained doctor using tiny needles at specific spots on your body. These spots are chosen carefully based on how your pulse feels.
The reason acupuncture is getting more popular is because of the rise in long-term illnesses, lifestyle habits, women's health issues, obesity, and problems with alcohol. These issues can cause problems like trouble sleeping, body aches, and feeling low or anxious. A study in the Drug and Alcohol Dependence journal found that over 100 million adults in the US have ongoing pain.
Another reason for its growth is that acupuncture is getting better. People are finding new ways to use it and as more people get older, there's more interest in treatments like acupuncture. Plus, more people are open to different kinds of treatments apart from regular medicine. This helps acupuncture get more attention and support from funders, which is a big chance for it to grow more.
The experts think that the global market for acupuncture will grow by about 14.5% between 2018 and 2023. In 2017, Europe was in the lead with 32.7%, followed by Asia Pacific with 29.4%, and the Americas with 25.3%. Europe's growth is because more people there are starting to trust acupuncture and the government is spending more on it.
The acupuncture market is divided based on different things like what's being sold and where it's used. In 2017, most of the market, about 59.1%, was for services that were worth around USD 14534.5 million. It's expected to keep growing at about 14.26%.
When it comes to what it's used for, the biggest part, about 33.5%, was to help with pain issues, like chronic pain. This area was worth about USD 8221.2 million in 2017 and might grow at 14.04%.
In terms of who's using it, wellness centers made up the biggest part, about 44.6%, worth around USD 10964.0 million in 2017. These centers might grow the most at about 14.32%.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 9.9% (2024-2030) |
Sciatica Market Highlights:
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