The global acupuncture needles market was valued at US$ -- in 2017 and increasing at a significant CAGR over the forecast timeframe owing to surge in the interest towards acupuncture therapy that is due to the incidence of chronic pain, fatigue, infertility, digestive system disorders, menstrual cramps, headache, hormonal imbalances and other emotional diseases, increased cases of alcohol addiction, technological advancements in the treatment procedure, launch of newer techniques for the treatment, and advanced healthcare services are expected to drive the global pain treatment market.

Global acupuncture market segmented on the basis of type, material type, end user and region

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Stainless Steel Needles Dominates the Global Acupuncture Market

Based on the type of material used for the preparation of acupuncture needles, global acupuncture market segmented into stainless steel, gold and silver. Stainless steel acupuncture needles dominated the global acupuncture market in 2017 and estimated to dominate over the forecast period owing to the low cost of the needles, no fear of losing, disposable in nature so that the patient feel safe using this type of needles, rise in awareness about the acupuncture needle treatment among the people are surge the market over the forecast years.

PBI’s global acupuncture market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, Asia Pacific accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to the origin of acupuncture therapy, availability of treatment centers and skilled professionals in the region are propel the market.

Launch of newer types of therapies, treatment centers, and strategic alliances are the key strategies adopted by market players

Global acupuncture market further reveals that the key players increasingly adopting strategies such as launch of newer types of therapies, treatment centers, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

Key players leading the global Acupuncture market include

• Wuxi Jiajian Medical Instruments Co., Ltd,

• 3B Scientific GmbH,

• SEIRIN Corporation,

• Cymedics GmbH & Co. KG,

• Asia-med GmbH,

• Cogmedix, Inc.

• Qingdao Great Fortune Co., Ltd.,

• AcuSupply Inc

• Empecs Medical Co. Ltd.

• Suzhou Tianxie Acupuncture Instruments Co., Ltd.

• Lhasa OMS, Inc.

• Cloud & Dragon

Detailed Segmentation

By Type

o Disposable Needles

o Non-disposable Needles

By Material

o Stainless Steel

o Gold

o Silver

By End User

o Clinics

o Hospitals

o Others

Geography

o North America

• U.S

• Canada

o Europe

• Germany

• France

• U.K

• Italy

• Spain

• Russia

• Poland

• Rest of Europe

o Asia-Pacific

• Japan

• China

• India

• Australia & New Zealand

• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)

• South Korea

• Rest of Asia-Pacific

o Latin America

• Brazil

• Mexico

• Argentina

• Venezuela

• Rest of Latin America

o Middle East and Africa (MEA)

• Gulf Cooperation Council (GCC) Countries

• Israel

• South Africa

• Rest of MEA

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