Acupuncture Is Estimated To Witness High Growth Owing To Rising Demand For Non-Invasive And Painless Treatments

Comments ยท 11 Views

The global acupuncture market size is anticipated to reach a value of US$ 48.10 Billion by 2025, growing at a CAGR of 7.2% during the forecast period of 2025 to 2032.

Acupuncture is an important component of traditional Chinese medicine that involves inserting thin needles through the skin at specific points on the body to relieve pain and treat various medical conditions. It is a non-invasive and painless procedure that help individuals manage stress and chronic pain, treat fertility issues, and provide relief from musculoskeletal problems. The increasing access to low-cost acupuncture treatments, growing preference for holistic therapies and rising incidence of lifestyle diseases are fueling the demand for acupuncture globally.

The global acupuncture market size is anticipated to reach a value of US$ 48.10 Billion by 2025, growing at a CAGR of 7.2% during the forecast period of 2025 to 2032.

Key Takeaways
Key players operating in the acupuncture market are
Modern Acupuncture, ARC Acupuncture & Physical Therapy, Ayush Ayurved, GC Biopharma Corporation, NatureKue, Inc., Columbia Nutritional, Sheng Chang Pharmaceutical Company, LKK Health Products Group Limited, Nordic Neutraceuticals, Helio USA, Inc., Seirin Corporation, Suzhou Hualun Medical Appliance Co., Ltd., Boen Healthcare Co., Ltd., Wuxi Jiajian Medical Instruments Co., Ltd., and Suzhou Zhongjing Life & Science Technology Co., Ltd.


Acupuncture Market Demand is increasing awareness regarding benefits of acupuncture and rising disposable incomes in developing nations are presenting lucrative opportunities for players in the market. Rapid urbanization and improving healthcare infrastructure are further contributing to the global expansion of acupuncture especially in Asia Pacific and Latin American regions.

Market Drivers
The rising demand for non-invasive and painless treatment options for chronic pain management and other therapeutic applications is a major factor driving the growth of acupuncture market. Acupuncture is found to be an effective treatment method for various conditions like lower back pain, osteoarthritis, headaches, and fibromyalgia. Additionally, growing recommendation by physicians for acupuncture as a complementary treatment is further catalyzing the market growth.

PEST Analysis
Political:
Governments promote acupuncture as an alternative healthcare. Regulations ensure safety and licensing of practitioners.
Economic: Rising healthcare costs drive demand for lower-cost treatments like acupuncture. Reimbursement policies influence market growth.
Social: Growing popularity of alternative/complementary medicines boosts acceptance of acupuncture especially for pain relief.
Technological: Use of lasers, electric acupuncture and other adjunct therapies enhances effectiveness. Technologies help standardize treatments and training.

The geographical regions where the acupuncture market is concentrated in terms of value include China, Japan, South Korea and other countries in Asia Pacific. These countries have a long history and culture of traditional Chinese medicine where acupuncture originated. Practices like acupuncture are well-integrated into the mainstream healthcare systems.

North America represents the fastest growing regional market for acupuncture. Increasing awareness about potential benefits, availability of private insurance coverage for treatments and preference for alternative remedies are driving demand. Several states in the US have established regulatory boards to approve acupuncture practitioners. This has aided market expansion along with popularity among Millennial population seeking natural therapies.

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

 

disclaimer
Comments