The Healthcare market industry is projected to grow from USD Significant Significant by 2032, exhibiting a compound annual growth rate (CAGR) of Moderate during the forecast period (2023 - 2032). The increasing demand for alternative medicine and the effectiveness of acupuncture in pain management are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for the integration of acupuncture with conventional medicine is a significant trend in the US healthcare landscape. The market CAGR for acupuncture is being driven by the expanding demand for acupuncture needles. Changes in the type of job people perform and the hours they work have led them to adopt a very unhealthy lifestyle, which is now the main source of all health problems. A broken schedule can lead to severe complications such as back pain, sleeplessness, headaches, physical pain, alcohol abuse, obesity, and menstrual troubles. When combined with other forms of physical activity like yoga, running, walking, and meditation, acupuncture has demonstrated good and long-term effects in treating these disorders. As a result, the acupuncture market has grown considerably, generating financial gains.
Suction cups, laser pens and rods, and instrument-based acupuncture have all proven to be quite beneficial in addressing these lifestyle issues. Numerous clinics and hospitals now offer acupuncture therapy departments. The acupuncture business is poised to grow as a result of the government participating in these private practises as well. This will benefit businesses that have made investments in creating acupuncture-related products and needles.
The incidence of long-term ailments has grown along with the number of surgical procedures performed. In addition to being uncomfortable, many surgical incisions are very deep and large. Under these conditions, acupuncture provides patients with both physical and psychological relief. The need for this approach is driven by the fact that it facilitates the recovery from post-surgical trauma. Therefore, it is anticipated that the increasing number of surgeries would increase the need for acupuncture treatments, increasing the need for acupuncture needles. Thus, driving the Acupuncture Market revenue.
The US Acupuncture Market segmentation, based on type includes needle acupuncture and electroacupuncture. The needle acupuncture segment dominated the market. Needle acupuncture is valued for its holistic approach to treating various conditions. It can be used for pain management, stress reduction, improving energy flow, and addressing a wide range of physical and mental health issues.
The US Acupuncture Market segmentation, based on end-user includes Hospitals and Specialty Clinics and Wellness Centers. The hospitals and specialty clinics segment dominated the market. Hospitals and specialty clinics often provide a wide range of medical services, and they may offer acupuncture as part of their comprehensive approach to patient care. Acupuncture services in hospitals and specialty clinics are more likely to be integrated into the healthcare system, potentially covered by insurance, and administered by licensed healthcare professionals.
Figure 1: US Acupuncture Market, by End-User, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Numerous important reasons are driving the expansion of the acupuncture industry in the United States. The growing acceptance and acknowledgement of acupuncture as a supplemental therapy for a range of medical disorders is a major motivator. Acupuncture has become more well-known because to its potential advantages in treating a variety of medical conditions, including pain management, stress reduction, and pain reduction, as more people look for alternative and holistic methods to healthcare. Growing public awareness of the opioid crisis and the need for non-pharmacological pain treatment options—among which acupuncture is a promising substitute—is another motivating factor. Acupuncture's business expansion is also being aided by its growing incorporation into traditional healthcare facilities, such as clinics and hospitals. The need for acupuncture services has increased as a result of the growing incidence of chronic illnesses and the emphasis on preventative healthcare.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Acupuncture Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their China footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Healthcare industry must offer innovation and technological advancements.
Key Companies in the Acupuncture Market Include
| Report Attribute/Metric | Details |
| Market Size 2022 | Significant |
| Market Size 2023 | Significant |
| Market Size 2032 | Significant |
| Compound Annual Growth Rate (CAGR) | Moderate (2023-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2032 |
| Historical Data | 2018-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type and End-user |
| Key Companies Profiled | Â 3B Scientific GmbH, ACA, AcuMedic Ltd., Acupuncture Plus, Asia Med GmbH, Beijing Acupuncture and Herbal Clinic, Blue Branches Acupuncture, CUTTING EDGE CHIROPRACTIC, Dongbang Medical, and Dongguan Southstar Electronics Ltd. |
| Key Market Opportunities | ·      Collaboration between acupuncturists and healthcare providers |
| Key Market Dynamics | ·      The growing consumer awareness and acceptance of alternative therapies |
Frequently Asked Questions (FAQ) :
The US Acupuncture Market size was valued at USD Significant in 2022.
The US market is projected to grow at a CAGR of Moderate during the forecast period, 2023-2032.
The key players in the market are 3B Scientific GmbH, ACA, AcuMedic Ltd., Acupuncture Plus, and Asia med GmbH.
The needle acupuncture category dominated the market in 2022.
Hospitals and specialty clinics category dominated the market in 2022.
Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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