Acupuncture Market Overview
The acupuncture market is projected to reach a value of USD 24551.6 Million and a CAGR of 14.50 % during the forecast period. Acupuncture is a process of practicing traditional Chinese medicines by using thin metallic needles that penetrate the human skin and eventually create energy flow. This process improves overall human health as it stimulates the central nervous system. In recent years, medical companies and R & D departments have shown greater interest in acupuncture treatment which led to driven the growth of the acupuncture market.
Due to the busy schedule and increased working hours, people started adopting unhealthy lifestyles, which have become a major region of health problems. Common body issues such as sleeplessness, body pain, back pains, headaches, obesity, alcohol addiction, and women’s menstrual issues are some of the major problems caused due to unhealthy lifestyle.
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The acupuncture process proved to show positive and prolonged effects on these problems. When it is practiced with other forms of exercise such as running, yoga, walking, and meditation, a better result is expected. This has factor has made the acupuncture market grow higher.
During the pandemic, the acupuncture market has been beneficial for relief from COVID-19 symptoms such as nausea, breathlessness, vomiting, insomnia, and other respiratory problems. Clinical trials were conducted during the pandemic year to analyze the effectiveness.
Acupuncture Market Segmentation
The acupuncture market is segmented into various segments: product and services, application, and end-user.
The application segment consists of Pain Syndrome Illnesses, Gynecological Disorders, and Others.
The type segment of the market basically dwells on the needles used, such as the non-disposable and disposable. Needles made from plastic and non-reusable materials are disposable, while the needles made from silver, gold, and steel are reused by sterilizing with disinfectants and alcoholic liquids.
The vertical or end-user segment of the market includes hospitals, acupuncture clinics, local centers and foundations, and clinical trial clinics.
In the services section, Chinese acupuncture is the most studied and adopted one. But many countries have their own methods and ways to practice acupuncture. Japanese and Korean acupuncture is also famous for using laser-based invasions in human muscles to release pain from the body part.
Acupuncture Market Regional Analysis
The acupuncture market covers prominent continents such as the Americas, Europe, Asia Pacific, Middle East, and Africa.
The Americas are highly adopting acupuncture therapy due to unhealthy lifestyle maintenance, which is leading to a rise in the number of chronic illness and obesity cases. The players are also conducting more clinical and hospital trials for improvement.
European countries like France, Germany, Italy are highly adopting sedentary lifestyles and secondary medication in terms of Chinese acupuncture and yoga therapies. This region is considered the world’s second most investing region in the acupuncture market.
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Asia-Pacific regions such as China, Japan, India, Korea are the inventors of acupuncture therapy, due to which the acupuncture market is showing significant growth in this region.
Acupuncture Industry News
WHO has signed an agreement with the Indian Government to establish a Global Centre for Traditional Medicine in the country, which includes ancient practices like acupuncture, ayurvedic medicine and herbal mixtures and modern medicines.
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