Showing posts with label Acupuncture Market SIZE. Show all posts
Showing posts with label Acupuncture Market SIZE. Show all posts

Wednesday, 3 June 2020

Worldwide Analysis on Acupuncture Market Size, share, Trends and Forecast

Acupuncture Market Analysis/Acupuncture Market Trends 
The global acupuncture market size is likely to touch USD 55323.8 million at a 14.50% CAGR between 2018-2023, as per the latest Market Research Future (MRFR) report. Acupuncture is an effective alternative medicine that helps to treat pain through the insertion of needles into the skin. It is usually used with other forms of treatment. Acupuncture is widely used for treating paralysis, speech disorders, insomnia, menstrual cramps, nausea, post-operative pain, joint conditions, and more. 
Numerous factors are adding to the global acupuncture needle market growth. These factors, according to the recent MRFR report, include demand for non-invasive & painless treatment, rising prevalence of migraine & fibromyalgia, increasing incidence of various gynecological disorders, namely menopause, PCOS, infertility, chronic pain disorders, PMS, and pregnancy complaints. Besides, growing demand for alternative & complementary medicine, funding from market contenders & new entrants, and increasing health complications, especially among the elderly population such as sleep disturbances, emotional disorders, rising geriatric population, and body pain, are also adding to the global acupuncture market growth. 
Market Segmentation 
The global acupuncture market is segmented based on end user, product and services, and application. 
By services, the market is segmented into traditional Chinese medicine, scalp acupuncture, Japanese acupuncture, Korean hand acupuncture, cupping, auricular, non-insertion acupuncture, and others. By product, the market is segmented into laser pens, rod lasers, suction pumps, laser needle, needles, and electro-acupuncture device. Of these, services will lead the market over the forecast period for the burgeoning demand for traditional acupuncture therapies. 
By application, the acupuncture market is segmented into pain syndrome illness, psychological illness, gynecological disorders, and others. Of these, the pain syndrome illness market will have a major share in the market during the forecast period. It is likely to develop at a 14.04% CAGR. 
By end user, the market is segmented into wellness center, research and academic institutes, and hospitals & specialty clinics. Among these, the wellness center segment will dominate the market over the forecast period for the increasing use of acupuncture as alternative medicine. 
Regional Analysis 
By region, the global acupuncture market report covers the recent trends and growth opportunities across North America, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, Europe will spearhead the market during the forecast period for the rising prevalence of chronic diseases, increasing use of acupuncture, favorable insurance coverage, and the presence of major market players. Spain, France, and Austria are the leading contributors in the region. The global acupuncture market in this region is predicted to grow at a 13.53% CAGR. 
The global acupuncture market analysis in the Asia Pacific region will have significant growth over the forecast period. Factors adding to the acupuncture market growth include the rising adoption of acupuncture therapies, increasing incidence of chronic disease, and the development of advanced acupuncture products. Korea, Japan, and China are the major contributors in the region. This region is predicted to grow at a 15.02% CAGR. 
Key Players
Eminent players profiled in the global acupuncture market report include Qingdao Great Fortune Co. Ltd, AcuMedic Ltd, Asia med GmbH, 3B Scientific GmbH, SEIRIN Corporation, Kanson, Cymedics GmbH & Co. KG, Ltd, MKW Lasersystem GmbH, schwa-medico GmbH, Wuxi Jiajian Medical Instruments Co., and Zepter International. Industry players have adopted Strategies such as partnerships, acquisitions, and product innovations to create a niche in the market.  
 Industry News
 March 2020: NJ Acupuncture Center is offering HydraFacial, a 30-minute, three-step facial that is ideal for every skin type. It does three things which a healthy skin need- cleanses, hydrates, and extracts. The HydraFacial will treat wrinkles, fine lines, and brown spots and also improve texture, elasticity and firmness, cleanse oily and congested skin, and minimize pores.
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
Read Complete Report of Acupuncture Market With 160+ Pages@  https://www.marketresearchfuture.com/reports/acupuncture-market-6139

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Tuesday, 14 January 2020

Acupuncture Market to Witness Exponential Rise in Revenue Share During the Forecast Period (2019-2028) Current Trends and Future Demand of Acupuncture Market Outlook To 2023

Acupuncture Market Research Report.
Acupuncture is an alternative medicine approach which uses needles that are inserted into the skin at acupuncture points to treat several diseases. Acupuncture has notably emerged from China as a component of their health care system. The overall working of acupuncture is based on the foundation that there are patterns of energy flow, Qi, through the body which are important for health, and acupuncture corrects the imbalances of flow at identifiable points close to the skin. The market is expected to expand with a CAGR of 14.50 percent while earning revenues worth USD 55323.8 million in the duration of the forecast period from 2018 to 2023.
The market growth is fuelled by factors such as the growing incidence of gynecological disorders such as menstrual issues, PMS, PCOS, pregnancy complaints, menopause, infertility, and chronic pain disorders which are encouraging the development of the acupuncture market globally. Additionally, the rising occurrence of chronic diseases such as fibromyalgia and migraines which lead to health complications such as insomnia, body pain, and psychological illness will boost the progress of the acupuncture market globally. The escalating demand for non-invasive and painless acupuncture has led to an increase in the level of advancements in acupuncture therapy. The advent of technically advanced acupuncture treatments such as the usage of laser devices and electro acupuncture is projected to improve the development of the acupuncture market internationally for the duration of the forecast period. Moreover, many notable competitors are getting involved in the development and manufacturing of laser and electro acupuncture devices.
Increasing health complications in the elderly population such as sleep disturbances, body pain, and emotional disorders have also powered the development of the market. The mounting geriatric population worldwide is anticipated to influence the acupuncture market in the forecast period. The intensifying demand for alternative and complementary medicine like acupuncture has enhanced the funding scenario for the market which can be a vast opportunity for the expansion of the market through the forecast period. The funding from market contenders and new entrants in the market is likely to add to the market’s growth in the forecast period.
Segmental Analysis
The acupuncture market is segmented on the basis of application, end user, product & services. The segmentation of the market on the basis of product & services comprises of services and products. The service segment is further segmented into Japanese acupuncture, traditional Chinese medicine, auricular, Korean hand acupuncture, and scalp acupuncture, moxibustion, non-insertion acupuncture, cupping, and others. The product segment is additionally segmented into suction cups, needles, rod lasers, laser needle, and laser pens, electro-acupuncture device, and others. The needles are additionally sub segmented into modern needles and traditional needles. The service segment controls the acupuncture market by product & services due to the growing preference given to traditional acupuncture therapies. By application, the market is segmented into gynecological disorders, pain syndrome illnesses, psychological illnesses, and others. Pain syndrome illnesses controls the major market share of 33.5 percent over the forecast period, and it is also projected to develop at a CAGR of 14.04 percent through the forecast period. The end user segment of the market is segmented into hospitals & specialty clinics, wellness center, and research & academic institutes. Wellness Centre will possibly control the global acupuncture market due to a huge number of wellness center involved in acupuncture therapies and the rising preference for acupuncture as alternative medicine.

Detailed Regional Analysis 
The regional analysis of the market observes that the European region is expected to control the prime market share in the acupuncture market globally and is projected to develop at a CAGR of 13.53 percent during the forecast period. The market development is accredited to the intensifying occurrences of chronic diseases and growing preference for acupuncture therapies amongst the European population. Furthermore, the existence of major market contenders significantly adds to the market growth in the region. Additionally, the escalating insurance coverage in nations like France, Austria, Spain, and others, by other private companies will offer a promising backdrop for the market growth in the European region.
The Asia Pacific region is likely to be the most swiftly increasing region in the acupuncture market globally and is anticipated to develop at a CAGR of 15.02 percent for the duration of the assessment period. The growth of the Asia Pacific acupuncture market is credited to the existence of nations such as Korea, China, and Japan which has a high adoption rate for acupuncture therapies. Additionally, the growing number of companies manufacturing the acupuncture products and the rising prevalence of chronic diseases is powering the market growth in this region.
Competitive Analysis
Several competitors are functioning in the acupuncture market globally. Many organizations, particularly in the European and Asia Pacific regions, have their manufacturing units, while some organizations are also involved in import from other regions. As the Asia Pacific is one of the most rapidly rising markets, firms are grasping the chances that are available and are keenly expanding their units in this region. However, the acupuncture market is presently controlled by a few players. The major competitors outlined in the report comprises of Zepter International, schwa-medico GmbH, MKW Lasersystem GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, Cymedics GmbH & Co. KG, 3B Scientific GmbH, Kanson, SEIRIN Corporation, Asia med GmbH, Qingdao Great Fortune Co. Ltd, and AcuMedic Ltd.
 About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
 MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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Monday, 18 November 2019

Global Acupuncture Market Overview with Top Key Players and Industry Growth Trends, 2023


Acupuncture Market Insights:
Market Research Future (MRFR) has launched a new release on the global acupuncture market. The report provides comprehensive coverage of the market’s growth prospects over the forecast period till 2023, based on a detailed analysis of the market’s key growth drivers and markers derived from the market’s historical growth trajectory. The global acupuncture market was valued at USD 24,551.6 mn in 2017, according to the report.

The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy. Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain. The rise in population suffering from such disorders is augmenting the adoption of acupuncture therapy. Moreover, the increase in number of patients suffering from fibromyalgia and migraines are boosting the number of people opting for acupuncture therapy.
The increase in other health ailments like insomnia and psychological discomfort are expected to widen the consumer base for acupuncture. The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people. Technical advancements are urging implementation of laser devices and electro-acupuncture in the therapy, thereby making it more convenient for patients. The rise in geriatric population another cause contributing to the wide spread applications of acupuncture therapy. MRFR identifies these factors as market driver that are anticipated to impel the acupuncture market growth over the evaluation period.

Regional Overview:
The regional study of the acupuncture market gives essential information about the demographic progress of the market. Based on the region, the acupuncture market study has been segmented into South America, North America, Europe, Asia Pacific, and the Middle East Asia.
MRFR identified that Europe is expected to secure the prime position in the acupuncture market, grow with a 13.53% CAGR over the forecast period. Factors like the increase in number of patients suffering from chronic diseases among the European population, the rise in adoption of acupuncture therapies, the existence of influential market players, and an upsurge in insurance coverage are likely to impel the acupuncture market growth in the forthcoming years.
 The acupuncture market in the Asia Pacific region is estimated to attain a CAGR of 15.02%, hence exhibit a rapid growth over the forecast period. The rise in prevalence of chronic disorders, the increase in adoption of acupuncture therapies, the upsurge in acupuncture product manufacturers, and presence of emerging economies, in APAC, are factors accounted for the spur in the regional acupuncture market growth.
Key Players:
Cymedics GmbH & Co. KG,  Ltd, Schwa-medico GmbH, 3B Scientific GmbH, SEIRIN Corporation, Zepter International, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd, asia-med GmbH, Wuxi Jiajian Medical Instruments Co.,  MKW Laser system GmbH are companies operating in the acupuncture market.

Industry News:
In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.

Segmental Overview:
The acupuncture market’s segmental analysis provides a compendious understanding of the market that allows identification of new growth windows. The acupuncture market study has been segmented into application, end-user, and product and services.
On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others. The pain syndrome illnesses segment envisaged to register a CAGR 14.04% and capture 33.5% of the  global acupuncture market share, over the forecast period.
On the basis of end-user, the acupuncture market study has been segmented into hospitals and speciality clinics, research and academic institutes, and wellness centers. The increase in number of wellness centers owing to the increase in adoption of acupuncture as an effective alternative medicine, the wellness centers segment is likely to boost the market growth.
On the basis of product and services, the acupuncture market study has been segmented into  products and services. The product segment is further narrowed down to rod lasers, laser needle, needles, and laser pens, suction cups, electro-acupuncture device, and others. Traditional and modern needles are classified under the needle segment. The service segment has been divided into non-insertion acupuncture, cupping, traditional Chinese medicine, auricular, Japanese acupuncture, moxibustion, scalp acupuncture, Korean hand acupuncture, and others. Due to the increase in preference of alternative medicine like acupuncture therapies, the  product and service segment is expected to drive the global acupuncture market growth in the upcoming years.


About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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