Acupuncture Market Research Report: By Product & Services (Services, Product), Application (Pain Syndrome Illnesses, Gynecological Disorders, Others), by End-User (Wellness Center, Hospitals & Specialty Clinics, Others) – Global Forecast Till 2030
The acupuncture market size is expected to cross the USD 151 billion by 2030 at 17.1% CAGR during the forecast period (2022-2030). Acupuncture is the study of practicing traditional Chinese medicines using thin metallic needles to penetrate human skin and to create an energy flow called ‘Qi’ to improve overall human health by stimulating central nervous system. A global upsurge in the occurrence of chronic diseases such as diabetes, obesity, and other autoimmune diseases owing to factors such as antimicrobial resistance, acceptance of unhealthy and sedentary lifestyles, alcohol consumption, and smoking are some of the major factors contributing to market growth.
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The global prevalence of COVID-19 has hindered the world’s economy, social life, and politics. A complete lockdown was executed globally to limit the infection in local areas. Travel and communication were prohibited owing to the virus’s terror while its effect and cure were unidentified to humankind. Botanicals and acupuncture have aided the treatment of COVID-19 indications such as nausea, vomiting, sleeplessness, skin infections, shortness of breath, and other respiratory issues. Numerous clinical trials were conducted last year to assess the efficacy of acupuncture therapy. During the COVID-19 period, the acupuncture market produced at higher points on the exponential curve.
The Global Acupuncture Market has been segmented into the Product & Services, Applications, and End-user
Based on the Product & Services, The Global Acupuncture Market has been segmented into Services, Product
Based on the Application, The Global Market has been segmented into Pain Syndrome Illnesses, Gynecological Disorders, Others
Based on the End-User, The Global Acupuncture Market has been segmented into Wellness Centers, Hospitals & Specialty Clinics, Others
Asia Pacific dominated the market for acupuncture and accounted for the largest revenue share. The region is projected to witness the fastest growth rate of 9.4% over the estimated period. The existence of developing countries such as China, India, and Japan is expected to boost market growth in the region.
In North America, the market for acupuncture is expected to witness a considerable growth rate over the estimated period. The regional market is mainly driven by the increasing incidence of diabetes and hypertension. In addition, the increasing number of surgical procedures is also expected to upsurge the demand for acupuncture treatment among patients.
Browse In-depth Market Research Report (157 Pages) on Acupuncture: https://www.marketresearchfuture.com/reports/acupuncture-market-6139
Acupuncture Market Key Players
Some of the key market players are Wuxi Jiajian Medical Instruments Co., Zepter International, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, SIRIN Corporation, Acumedic Limited, 3B Scientific GmbH, and Asia-Med Gmbh
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