SAN FRANCISCO, Sept. 22, 2020 /PRNewswire/ -- The global
acupuncture needles market size is expected to reach
USD 187.8 million by 2027, expanding
at a CAGR of 8.0%, according to a new report by Grand
View Research, Inc. The increase in the adoption of sedentary
lifestyles, growing geriatric population, and rising incidence of
emotional disorders are the key factors driving the
market.
Key suggestions from the report:
- In terms of revenue, the disposable needles segment held the
largest share in 2019. The low risk of transmission of any disease
from one person to another is the major factor driving the segment
over the forecast period
- The stainless steel segment held the largest market share in
2019 owing to the easy availability of raw materials and low
cost
- The hospital segment is anticipated to witness the fastest
growth rate over the forecast period owing to the rising
complications caused due to chronic disorders
- Asia Pacific is anticipated
to witness the fastest growth over the forecast period owing to the
rising number of surgeries and the presence of many local key
players
Read 90 page research report with ToC on "Acupuncture Needles
Market Size, Share & Trends Analysis Report By Product
(Disposable Needles, Non-disposable Needles), By Material
(Stainless Steel, Gold, Silver), By End-use (Hospital, Clinics), By
Region, And Segment Forecasts, 2020 - 2027 '' at:
https://www.grandviewresearch.com/industry-analysis/acupuncture-needles-market
Acupuncture is a traditional healing practice derived from
traditional medical practice in China. The treatment involves placing thin
needles at specific pressure points of the body. This technique
helps in reducing the pain caused due to several conditions such as
joint conditions, headache, body pain due to surgeries and chronic
disorders, migraines, menstrual cramps, and paralysis. It is also
known for treating certain major issues such as emotional
disorders, nausea, speech disorders, digestive disorders,
respiratory conditions, and insomnia. Acupuncture also helps to get
rid of certain harmful addictions such as smoking and alcohol
consumption.
The rising cases of emotional disorders and chronic conditions
are the major factors boosting the market growth. According to the
report published by the National Council for Behavioral Health in
2019, in the U.S. almost half of the population suffers from some
kind of mental illness throughout their lifetime. It also reported
that around 5.0% of the adults in the country experience mental
disorder in any one year, which is almost 43.8 million people in
the U.S. As per the National Center for Biotechnology Information
(NCBI), acupuncture and energy psychology together work efficiently
in the treatment and diagnosis of emotional disorders without
causing any severe side-effects. Therefore, such advantages and
usefulness of this technique have encouraged many people across the
globe, to opt for this technique for the treatment of such
emotional conditions. Thus, considerable market growth is
anticipated over the forecast period.
Grand View Research has segmented the global acupuncture
needles market on the basis of product, material, end-use, and
region:
- Acupuncture Needles Product Outlook (Revenue, USD Million,
2015 - 2027)
-
- Disposable
- Non-disposable
- Acupuncture Needles Material Outlook (Revenue, USD Million,
2015 - 2027)
-
- Stainless Steel
- Gold
- Silver
- Acupuncture Needles End-use Outlook (Revenue, USD Million,
2015 - 2027)
-
- Acupuncture Needles Regional Outlook (Revenue, USD Million,
2015 - 2027)
-
- North America
-
- Europe
-
- Asia Pacific
-
- Latin America
-
- MEA
-
- South Africa
- Saudi Arabia
List of Key Players of 3D Machine Vision Market
- 3B SCIENTIFIC GmbH
- AcuMedic Ltd.
- asia-med GmbH
- SEIRIN
- Dana Medical Co.
- Boen Healthcare Co., Ltd
- Suzhou Hualun Medical Appliance Co., Ltd.
- WUXI JIAJIAN MEDICAL DEVICES CO., LTD.
- Suzhou Zhongjing Life & Science Technology Co., Ltd.
- Shinylink (Shanghai)
Industrial Inc.
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About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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