Acupuncture Trends and Forecast
The future of the global acupuncture market looks promising with opportunities in the wellness center and hospitals & specialty clinics markets. The global acupuncture market is expected to grow with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are increasing awareness towards the benefits of acupunctureÄX%$%Xs therapeutic and surge in cases of chronic pain and related ailments.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Acupuncture by Segment
The study includes a forecast for the global acupuncture by product & services, application, end use, and region.
Acupuncture Market by Product & Services [Shipment Analysis by Value from 2018 to 2030]:
• Services
• Product
Acupuncture Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Pain Syndrome Illnesses
• Gynecological Disorders
• Others
Acupuncture Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Wellness Center
• Hospitals & Specialty Clinics
• Others
Acupuncture Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Acupuncture Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acupuncture companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acupuncture companies profiled in this report include-
• Wuxi Jiajian Medical Instruments
• Zepter
• Acumedic
• 3B Scientific
Acupuncture Market Insights
Lucintel forecasts that pain syndrome illnesses will remain the larger segment over the forecast period due to widespread prevalence and high demand for non-pharmacological pain management solutions.
Within this market, hospitals & specialty clinics will remain the largest segment due to increasing specialized clinics, especially in developing countries, outfitted with advanced technology and equipment.
Europe will remain the largest region over the forecast period due to growing number of clinical centers, patient care services, and presence of well-equipped healthcare infrastructure in the region.
Features of the Global Acupuncture Market
Market Size Estimates: Acupuncture market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Acupuncture market size by product & services, application, end use, and region in terms of value ($B).
Regional Analysis: Acupuncture market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product & services, applications, end uses, and regions for the acupuncture market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acupuncture market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for acupuncture market?
Answer: The global acupuncture market is expected to grow with a CAGR of 15.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the acupuncture market?
Answer: The major drivers for this market are increasing awareness towards the benefits of acupunctureÄX%$%Xs therapeutic and surge in cases of chronic pain and related ailments.
Q3. What are the major segments for acupuncture market?
Answer: The future of the acupuncture market looks promising with opportunities in the wellness center and hospitals & specialty clinics markets.
Q4. Who are the key acupuncture market companies?
Answer: Some of the key acupuncture companies are as follows:
• Wuxi Jiajian Medical Instruments
• Zepter
• Acumedic
• 3B Scientific
Q5. Which acupuncture market segment will be the largest in future?
Answer: Lucintel forecasts that pain syndrome illnesses will remain the larger segment over the forecast period due to widespread prevalence and high demand for non-pharmacological pain management solutions.
Q6. In acupuncture market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to growing number of clinical centers, patient care services, and presence of well-equipped healthcare infrastructure in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the acupuncture market by product & services (services and product), application (pain syndrome illnesses, gynecological disorders, and others), end use (wellness center, hospitals & specialty clinics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Acupuncture Market, Acupuncture Market Size, Acupuncture Market Growth, Acupuncture Market Analysis, Acupuncture Market Report, Acupuncture Market Share, Acupuncture Market Trends, Acupuncture Market Forecast, Acupuncture Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.