Acupuncture Market to Witness Rapid Increase in Demand During 2019-2023

 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.

Get Latest Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6139

Acupuncture is a part of traditional Chinese medicine (TCM) and consists of lightly piercing a patient’s body with small needles in order to influence and manipulate the flow of the patient’s life force, or “qi”, an essential concept in TCM. The needles are placed at strategic spots chosen due to their connection with the overall flow of qi within the patient’s body. The technique of acupuncture emerged in ancient China, but has gained significant popularity in modern-day U.S. The growth of the New Age movement has considerably helped spread the acupuncture market in Western regions, where it is now considered a pseudoscience but an established part of the wide spectrum of alternative medicine.

Acupuncture has been shown to have some effect in pain treatment; however, evidence demonstrating its efficacy in treating other medical conditions and even serious pain resulting from potentially terminal conditions is lacking. Acupuncture is now also being used in gynecological conditions related to menopause or PMS. Most of the clinical effects of acupuncture are thought to originate from the placebo effect and the overall calming effect of the setting, which may help in pain relief on its own. Nevertheless, the growing demand for alternative medicine in the U.S. has emerged as a significant driver for the global acupuncture market. On the other hand, the lack of insurance coverage for acupuncture and relatively expensive per-visit fees could hamper the market’s growth prospects in Western economies over the forecast period.

Segmentation:

The global Acupuncture Market is segmented on the basis of component type, application, end user, and region.

By component, the global acupuncture market is segmented into services and products.

By application, the global acupuncture market is segmented into pain syndrome illnesses, gynecological disorders, psychological disorders, and others.

By end use, the acupuncture market is segmented into wellness centers, hospitals and specialty clinics, and research and academic institutes.

Regional Analysis:

By region, the global acupuncture market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas segment is sub-segmented into the U.S., Canada, and South America. Europe is further categorized into Western Europe, containing Germany, France, the UK, Spain, Italy, and the rest of Western Europe, and Eastern Europe. Asia Pacific is further segmented into Japan, China, India, Australia, South Korea, and the rest of Asia Pacific.

Asia Pacific is likely to retain a dominant share in the global acupuncture market over the forecast period due to the preeminent role played by China in the development and conception of acupuncture. The traditional popularity of acupuncture in China has seen the region hold on to the top spot in the global acupuncture market, while countries around China, such as India, Korea, Australia, and Japan have also emerged as key markets for acupuncture services in recent years. The growing popularity of alternative medicine in these countries and the growing healthcare expenditure, thanks to the growing disposable income of consumers in the region, are likely to drive the acupuncture market in the region over the forecast period.

North America is another leading regional market for acupuncture products and services thanks to the growing influence of the New Age movement, which has led to increasing resistance to conventional Western medicine and increasing acceptance of other, less invasive, and supposedly more effective forms of alternative medicine. The increasing healthcare expenses in the U.S. are also likely to remain a key driver for the acupuncture market, though the lack of insurance coverage could hinder the market from going mainstream.

Competitive Analysis:

Leading players in the global acupuncture market include Wuxi Jiajian Medical Instruments Co. Ltd., 3B Scientific GmbH, Zepter International, MKW Laser System GmbH, Qingdao Great Fortune Co. Ltd., AcuMedic Ltd., Asia-med GmbH, Cymedics GmbH & Co. KG, SEIRIN Corporation, and Schwa-medico GmbH.

Read More@ https://www.marketresearchfuture.com/reports/acupuncture-market-6139

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 Components, Application, Logistics 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.

 

 

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
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Latest Research On Acupuncture Market (2018-2023) | trends, Global Analysis and Forecast

 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.

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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.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Trends on Acupuncture Market 2020 -Size, Global Analysis and Forecast till 2023

 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.  

Get Latest Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6139 

Acupuncture is a part of traditional Chinese medicine (TCM) and consists of lightly piercing a patient’s  body with small needles in order to influence and manipulate the flow of the patient’s life force, or “qi”,  an essential concept in TCM. The needles are placed at strategic spots chosen due to their connection  with the overall flow of qi within the patient’s body. The technique of acupuncture emerged in ancient  China, but has gained significant popularity in modern-day U.S. The growth of the New Age movement  has considerably helped spread the acupuncture market in Western regions, where it is now considered  a pseudoscience but an established part of the wide spectrum of alternative medicine.  

Acupuncture has been shown to have some effect in pain treatment; however, evidence demonstrating  its efficacy in treating other medical conditions and even serious pain resulting from potentially terminal  conditions is lacking. Acupuncture is now also being used in gynecological conditions related to  menopause or PMS. Most of the clinical effects of acupuncture are thought to originate from the placebo  effect and the overall calming effect of the setting, which may help in pain relief on its own. Nevertheless,  the growing demand for alternative medicine in the U.S. has emerged as a significant driver for the global  acupuncture market. On the other hand, the lack of insurance coverage for acupuncture and relatively  expensive per-visit fees could hamper the market’s growth prospects in Western economies over the  forecast period.  

Segmentation: 

The global Acupuncture Market is segmented on the basis of component type, application, end user, and  region. 

By component, the global acupuncture market is segmented into services and products. 

By application, the global acupuncture market is segmented into pain syndrome illnesses, gynecological  disorders, psychological disorders, and others.  

By end use, the acupuncture market is segmented into wellness centers, hospitals and specialty clinics,  and research and academic institutes.  

Regional Analysis: 

By region, the global acupuncture market is segmented into the Americas, Europe, Asia Pacific, and the  Middle East and Africa. The Americas segment is sub-segmented into the U.S., Canada, and South America. 

Europe is further categorized into Western Europe, containing Germany, France, the UK, Spain, Italy, and  the rest of Western Europe, and Eastern Europe. Asia Pacific is further segmented into Japan, China, India,  Australia, South Korea, and the rest of Asia Pacific.  

Asia Pacific is likely to retain a dominant share in the global acupuncture market over the forecast period  due to the preeminent role played by China in the development and conception of acupuncture. The  traditional popularity of acupuncture in China has seen the region hold on to the top spot in the global  acupuncture market, while countries around China, such as India, Korea, Australia, and Japan have also  emerged as key markets for acupuncture services in recent years. The growing popularity of alternative  medicine in these countries and the growing healthcare expenditure, thanks to the growing disposable  income of consumers in the region, are likely to drive the acupuncture market in the region over the  forecast period. 

North America is another leading regional market for acupuncture products and services thanks to the  growing influence of the New Age movement, which has led to increasing resistance to conventional  Western medicine and increasing acceptance of other, less invasive, and supposedly more effective forms  of alternative medicine. The increasing healthcare expenses in the U.S. are also likely to remain a key  driver for the acupuncture market, though the lack of insurance coverage could hinder the market from  going mainstream.  

Competitive Analysis: 

Leading players in the global acupuncture market include Wuxi Jiajian Medical Instruments Co. Ltd., 3B  Scientific GmbH, Zepter International, MKW Laser System GmbH, Qingdao Great Fortune Co. Ltd.,  AcuMedic Ltd., Asia-med GmbH, Cymedics GmbH & Co. KG, SEIRIN Corporation, and Schwa-medico  GmbH.  

Read More@ https://www.marketresearchfuture.com/reports/acupuncture-market-6139 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 Components, Application, Logistics 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.

Contact: 

Market Research Future 

Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, 

Pune – 411028 

Maharashtra, India 

+1 646 845 9312 

Email: sales@marketresearchfuture.com

Key trends Of Acupuncture Market Size, Analysis and Report

 Global Acupuncture Market Research Report: By Product & Services (Services, Product), Application (Pain Syndrome Illnesses, Gynecological Disorders, Others), by End-User (Wellness Center, Hospitals & Specialty Clinics, Others) – Global Forecast Till 2023

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. 

Get Latest Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6139

Acupuncture is a part of traditional Chinese medicine (TCM) and consists of lightly piercing a patient’s body with small needles in order to influence and manipulate the flow of the patient’s life force, or “qi”, an essential concept in TCM. The needles are placed at strategic spots chosen due to their connection with the overall flow of qi within the patient’s body. The technique of acupuncture emerged in ancient China, but has gained significant popularity in modern-day U.S. The growth of the New Age movement has considerably helped spread the acupuncture market in Western regions, where it is now considered a pseudoscience but an established part of the wide spectrum of alternative medicine. 

Acupuncture has been shown to have some effect in pain treatment; however, evidence demonstrating its efficacy in treating other medical conditions and even serious pain resulting from potentially terminal conditions is lacking. Acupuncture is now also being used in gynecological conditions related to menopause or PMS. Most of the clinical effects of acupuncture are thought to originate from the placebo effect and the overall calming effect of the setting, which may help in pain relief on its own. Nevertheless, the growing demand for alternative medicine in the U.S. has emerged as a significant driver for the global acupuncture market. On the other hand, the lack of insurance coverage for acupuncture and relatively expensive per-visit fees could hamper the market’s growth prospects in Western economies over the forecast period. 

Segmentation:

The global Acupuncture Market is segmented on the basis of component type, application, end user, and region.

By component, the global acupuncture market is segmented into services and products.

By application, the global acupuncture market is segmented into pain syndrome illnesses, gynecological disorders, psychological disorders, and others. 

By end use, the acupuncture market is segmented into wellness centers, hospitals and specialty clinics, and research and academic institutes. 

Regional Analysis:

By region, the global acupuncture market is segmented into the Americas, Europe, Asia Pacific, and the Middle East and Africa. The Americas segment is sub-segmented into the U.S., Canada, and South America. Europe is further categorized into Western Europe, containing Germany, France, the UK, Spain, Italy, and the rest of Western Europe, and Eastern Europe. Asia Pacific is further segmented into Japan, China, India, Australia, South Korea, and the rest of Asia Pacific. 

Asia Pacific is likely to retain a dominant share in the global acupuncture market over the forecast period due to the preeminent role played by China in the development and conception of acupuncture. The traditional popularity of acupuncture in China has seen the region hold on to the top spot in the global acupuncture market, while countries around China, such as India, Korea, Australia, and Japan have also emerged as key markets for acupuncture services in recent years. The growing popularity of alternative medicine in these countries and the growing healthcare expenditure, thanks to the growing disposable income of consumers in the region, are likely to drive the acupuncture market in the region over the forecast period.

North America is another leading regional market for acupuncture products and services thanks to the growing influence of the New Age movement, which has led to increasing resistance to conventional Western medicine and increasing acceptance of other, less invasive, and supposedly more effective forms of alternative medicine. The increasing healthcare expenses in the U.S. are also likely to remain a key driver for the acupuncture market, though the lack of insurance coverage could hinder the market from going mainstream. 

Competitive Analysis:

Leading players in the global acupuncture market include Wuxi Jiajian Medical Instruments Co. Ltd., 3B Scientific GmbH, Zepter International, MKW Laser System GmbH, Qingdao Great Fortune Co. Ltd., AcuMedic Ltd., Asia-med GmbH, Cymedics GmbH & Co. KG, SEIRIN Corporation, and Schwa-medico GmbH. 

You Can also Read Here!! https://www.medgadget.com/2019/10/acupuncture-market-in-depth-analysis-by-size-share-current-trends-high-cost-of-treatment-competitive-outlook-and-global-market-opportunities-from-2019-2023.html 

Luist of Tables

TABLE 1 MARKET SYNOPSIS 18

TABLE 2 PRIMARY INTERVIEWS 22

TABLE 3 GLOBAL ACUPUNCTURE MARKET BY PRODUCT AND SERVICES, 2015-2023 (USD MILLION) 36

TABLE 4 GLOBAL ACUPUNCTURE MARKET FOR SERVICES, BY REGION, 2015-2023 (USD MILLION) 36

TABLE 5 GLOBAL ACUPUNCTURE MARKET FOR SERVICES BY TYPE, 2015-2023 (USD MILLION) 37

TABLE 6 GLOBAL ACUPUNCTURE MARKET FOR PRODUCT, BY REGION, 2015-2023 (USD MILLION) 38

TABLE 7 GLOBAL ACUPUNCTURE MARKET FOR PRODUCT BY TYPE, 2015-2023 (USD MILLION) 38

TABLE 8 GLOBAL ACUPUNCTURE MARKET FOR NEEDLES BY TYPE, 2015-2023 (USD MILLION) 39

TABLE 9 GLOBAL ACUPUNCTURE MARKET BY APPLICATION, 2015-2023 (USD MILLION) 42

TABLE 10 GLOBAL ACUPUNCTURE MARKET FOR PAIN SYNDROME ILLNESSES, BY REGION, 2015-2023 (USD MILLION) 42

TABLE 11 GLOBAL ACUPUNCTURE MARKET FOR PAIN SYNDROME ILLNESSES, BY TYPE, 2015-2023 (USD MILLION) 43

TABLE 12 GLOBAL ACUPUNCTURE MARKET FOR GYNECOLOGICAL DISORDERS, BY REGION, 2015-2023 (USD MILLION) 43

Continue....

Read More@ https://www.marketresearchfuture.com/reports/acupuncture-market-6139

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 Components, Application, Logistics 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.

Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune – 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

News: Acupuncture Market Size & Share, Trends By Top Companies and Demand

 Growth Prospects

Market Insights

The arrival of technically advanced acupuncture treatments, such as the use of laser and electroacupuncture equipment, is expected to improve the development of the acupuncture market internationally over the anticipated period, asserts Market Research Future (MRFR) in its latest report.

Get Latest Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/6139

Market growth is fueled by factors such as the increasing incidence of gynecological conditions such as, pregnancy problems premenstrual syndrome, polycystic ovary syndrome (PCOS), menstrual problems, menopause, infertility, and chronic pain disorders. In addition, the increasing frequency of chronic diseases such as fibromyalgia and migraine, leading to health complications such as insomnia, body aches, and mental disorders, will stimulate the progress of the acupuncture market.

In addition, many notable competitors are involved in the development and production of laser and electro-acupuncture equipment. The growing number of health problems in the elderly, such as sleep disorders, body, and pain, also fueled the development of the market. The rising geriatric population worldwide is expected to affect the acupuncture market during the forecast period. Growing demand for alternative and complementary drugs, such as acupuncture, has strengthened the market financing landscape, which may be an important opportunity for market expansion over the forecast period. Financing from competitors and newcomers to the market is likely to contribute to market growth over the forecast period.

Market Segmentation

The acupuncture market is segmented based on application, end-user, and product and services.

The global acupuncture market is diversified on the basis of products and services. The service segment also includes Japanese acupuncture, cupping, traditional Chinese medicine, auricular, Korean hand acupuncture, moxibustion scalp acupuncture, non-insertion acupuncture, and others. The product segment is also segmented into suction cups, needles, rod lasers, laser needle, and laser pens, electro-acupuncture devices, and more. The needles are subdivided into traditional and modern needles.

The application segment of the global market is classified into gynecological disorders, pain syndrome disorders, mental illness, and others. Pain syndrome diseases dominate the market with largest share of 33.5%.

The end-user segment of the market is segmented into specialized hospitals and clinics, wellness centers, and academic and research institutions. The wellness center is predicted to influence the global acupuncture market due to a large number of wellness centers involved in acupuncture therapies and the growing preference for acupuncture as alternative medicine.

You cam also read here !! https://www.medgadget.com/2019/10/acupuncture-market-in-depth-analysis-by-size-share-current-trends-high-cost-of-treatment-competitive-outlook-and-global-market-opportunities-from-2019-2023.html 

Regional Outlook 

Regional market analysis indicates that the European region should dominate with the largest share of the global acupuncture market and should grow with a 13.53% CAGR over the forecast period. The development of the market is related to the growing number of chronic diseases and the growing preference for acupuncture treatments among the European population. In addition, the existence of major competitors in the market contributes significantly to market growth in the region. In addition, increasing insurance coverage in countries such as Austria, France, Spain, and other private companies will provide promising results in market growth in the European region.

The Asia Pacific region is probably the fastest-growing region in the acupuncture market in the world and is predicted to spur with a compound annual growth rate of 15.02% during the assessment year. In addition, the growing number of companies producing acupuncture products and the increasing prevalence of chronic diseases are leading the market growth in this region.

Market Participants

The players involved in manufacturing the necessary devices and equipments both, traditional and modern include 3B Scientific GmbH, Asia med GmbH, Qingdao Great Fortune Co. Ltd, Zepter International, AcuMedic Ltd, Kanson, SEIRIN Corporation, MKW Lasersystem GmbH, Cymedics GmbH & Co. KG, schwa-medico GmbH, and Wuxi Jiajian Medical Instruments Co.

Recent Updates

In a study performed by the researchers from South Medical University, the drug therapy and acupuncture were combined while treating the patients. The combinational outcome of the acupuncture and drug were fruitful in contrast to patients who were treated only with drug injections.

Read More@ https://www.marketresearchfuture.com/reports/acupuncture-market-6139

Effective Results of Acupuncture and Drug Delivery Is Projected to Create Lucrative Growth Prospects

Market Insights

The arrival of technically advanced acupuncture treatments, such as the use of laser and electroacupuncture equipment, is expected to improve the development of the acupuncture market internationally over the anticipated period, asserts Market Research Future (MRFR) in its latest report.

Market growth is fueled by factors such as the increasing incidence of gynecological conditions such as, pregnancy problems premenstrual syndrome, polycystic ovary syndrome (PCOS), menstrual problems, menopause, infertility, and chronic pain disorders. In addition, the increasing frequency of chronic diseases such as fibromyalgia and migraine, leading to health complications such as insomnia, body aches, and mental disorders, will stimulate the progress of the acupuncture market.

In addition, many notable competitors are involved in the development and production of laser and electro-acupuncture equipment. The growing number of health problems in the elderly, such as sleep disorders, body, and pain, also fueled the development of the market. The rising geriatric population worldwide is expected to affect the acupuncture market during the forecast period. Growing demand for alternative and complementary drugs, such as acupuncture, has strengthened the market financing landscape, which may be an important opportunity for market expansion over the forecast period. Financing from competitors and newcomers to the market is likely to contribute to market growth over the forecast period.

Market Segmentation

The acupuncture market is segmented based on application, end-user, and product and services.

The global acupuncture market is diversified on the basis of products and services. The service segment also includes Japanese acupuncture, cupping, traditional Chinese medicine, auricular, Korean hand acupuncture, moxibustion scalp acupuncture, non-insertion acupuncture, and others. The product segment is also segmented into suction cups, needles, rod lasers, laser needle, and laser pens, electro-acupuncture devices, and more. The needles are subdivided into traditional and modern needles.

The application segment of the global market is classified into gynecological disorders, pain syndrome disorders, mental illness, and others. Pain syndrome diseases dominate the market with largest share of 33.5%.

The end-user segment of the market is segmented into specialized hospitals and clinics, wellness centers, and academic and research institutions. The wellness center is predicted to influence the global acupuncture market due to a large number of wellness centers involved in acupuncture therapies and the growing preference for acupuncture as alternative medicine.

Regional Outlook

Regional market analysis indicates that the European region should dominate with the largest share of the global acupuncture market and should grow with a 13.53% CAGR over the forecast period. The development of the market is related to the growing number of chronic diseases and the growing preference for acupuncture treatments among the European population. In addition, the existence of major competitors in the market contributes significantly to market growth in the region. In addition, increasing insurance coverage in countries such as Austria, France, Spain, and other private companies will provide promising results in market growth in the European region.

The Asia Pacific region is probably the fastest-growing region in the acupuncture market in the world and is predicted to spur with a compound annual growth rate of 15.02% during the assessment year. In addition, the growing number of companies producing acupuncture products and the increasing prevalence of chronic diseases are leading the market growth in this region.

Market Participants

The players involved in manufacturing the necessary devices and equipments both, traditional and modern include 3B Scientific GmbH, Asia med GmbH, Qingdao Great Fortune Co. Ltd, Zepter International, AcuMedic Ltd, Kanson, SEIRIN Corporation, MKW Lasersystem GmbH, Cymedics GmbH & Co. KG, schwa-medico GmbH, and Wuxi Jiajian Medical Instruments Co.

Recent Updates

In a study performed by the researchers from South Medical University, the drug therapy and acupuncture were combined while treating the patients. The combinational outcome of the acupuncture and drug were fruitful in contrast to patients who were treated only with drug injections.

Read More@ https://www.marketresearchfuture.com/reports/acupuncture-market-6139

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Acupuncture Market 2020 Important Research, Market Trends and Development 2023

Market Overview

Acupuncture therapy is an alternative therapy which includes insertion of thin needles at strategic body points by trained professionals and works on the principle of balancing the flow of life energy in the body to treat disease and manage stress for a healthy living. The therapy is gaining acclamation owing to the myriad benefits it offers. Acupuncture helps to release comorbid discomforts. It treats pain associated with chemotherapy in cancer treatment, bone problems like osteoporosis, respiratory issues, migraine, fibromyalgia, and others which are mostly observed incidents in the rising geriatric population. The growing prevalence of gynaecological disorders like menstrual issues, premenstrual syndrome (PMS), polycystic ovary syndrome (PCOS), pregnancy complications, menopausal related issues, dysmenorrhea, and infertility are influencing people to opt acupuncture therapy as a treatment for releasing pain induced by such problems. Furthermore, the capability of the acupuncture therapy to treat psychological illness and insomnia, disorders which are observed in majority of the world population owing to the modern lifestyle, is anticipated to amplify the acupuncture market growth, globally. Acupuncture therapy is a painless therapy as the needles penetrating only the skin are extremely thin. The escalating demand for such non-invasive therapy among people is expected to spur the global acupuncture market growth.

On the flip side, side effects associated with acupuncture treatment and lack of approved clinical support are challenges that the acupuncture market can encounter which can be responsible for the retarded acupuncture market growth.

Market Research Future (MRFR) predicts that the global Acupuncture Market is expected to grow with a CAGR of 14.50% in the upcoming years 2017-2023 and shoot up to valuation USD 55323.8 Mn by 2023. 

Major Players:

Key players leading the global Acupuncture market include Schwa-medico GmbH, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, Zepter International, SEIRIN Corporation, Cymedics GmbH & Co. KG, Asia-med GmbH, MKW Laser system GmbH, Qingdao Great Fortune Co., Ltd., and AcuMedic Ltd. among others.

Acupuncture Market – Segments

For ease of understanding, the market is segmented into four key dynamics: -

By Product & Services       : Services (Traditional Chinese Medicine, Japanese Acupuncture, Korean Hand Acupuncture, Auricular & Scalp Acupuncture, Non-Insertion Acupuncture, Moxibustion, and others) and Products (Cupping & Needles, Suction Cups, Laser Needle, Rod Lasers, Laser Pens, Electro-Acupuncture Devices, and others.).  

By Application: Pain Syndrome Illnesses and Gynecological Disorders among others.

By End-user: Wellness Center and Hospitals & Specialty Clinics among others.

By Regions: North America, Asia Pacific, Europe, and the Rest-of-the-World.

Regional Analysis

The European region heading with the presence of a large number of players accounts for the dominating market in the global Acupuncture market. The region is expected to exhibit a phenomenal growth prospect throughout the review period.  The increasing number of occurrences of chronic diseases alongside the growing preference for acupuncture therapies amongst the European population drives the growth of the regional market.

Furthermore, factors such as the escalating insurance coverage in nations like Austria, France, Spain, and others, by other private companies and government support for R&D activities, increase in geriatric population, and the increasing demand for Acupuncture therapies and devices add to the growth in the regional market.  The European acupuncture market is expected to grow at a CAGR of 13.53 % over the forecast period.

The Acupuncture market in the Asia Pacific region is another lucrative market, globally. The market is primarily led by the growing inclination towards the alternative therapies and major markets in China and India which have emerged as the fastest growing market for acupuncture devices. Additionally, increasing healthcare expenditures and the prevalence of various common disorders are positively impacting the growth of the regional market.

Global Acupuncture Market – Competitive Analysis

Highly competitive, the Acupuncture market appears to be fragmented due to the presence of several key players who are making substantial investments in R&D activities to bring about innovations in the devices.

Manufacturers of acupuncture devices try to develop instruments that are user-friendly, convenient and can allow physicians to optimize the pain treatment efficiently, literally, for each patient. Caregivers try to offer uniquely refined treatments using advanced devices with controlled incremental expansion designs.

Industry/Innovation/Related News:

March 15, 2019 ---- Cala Health, Inc. (the US), a Wearable bioelectronics developer and medical technology company pioneering neuro peripheral therapy announced its collaboration with Massachusetts General Hospital to help build out its non-invasive nerve stimulation platform for chronic diseases.

Through the hospital’s intellectual property management arm, Cala has licensed neuromodulation technology developed in the lab of MGH’s Vitaly Napadow. Neuromodulation helps in neural mechanisms related to chronic pain and the brain’s reactions to different forms of stimulation, including acupuncture. The licensed tech covers both transcutaneous vagus nerve stimulation and respiratory-gated vagal afferent nerve stimulation.

March 27, 2019 ---- Researchers at the Changchun University of Traditional Chinese Medicine (China), published the outcomes of a clinical trial they conducted on the uses of acupuncture to alleviate test anxiety, a type of performance anxiety. The results demonstrate that acupuncture reduces pre-examination anxiety and reduces sleep disturbances.

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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.

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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.

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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.

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