Global Acupuncture Needles Market Analysis By Product (Disposable Needles, Non-disposable Needles), By Material (Stainless Steel, Gold, Silver), By End-use (Hospital, Clinics, Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033
- Published date: Apr 2024
- Report ID: 21349
- Number of Pages: 361
- Format:
- keyboard_arrow_up
Quick Navigation
Report Overview
The Global Acupuncture Needles Market size is expected to be worth around USD 678.5 Million by 2033, from USD 300.1 Million in 2023, growing at a CAGR of 8.5% during the forecast period from 2024 to 2033.
Acupuncture needles are specialized devices utilized in acupuncture, a form of traditional Chinese medicine (TCM) aimed at treating various health conditions by inserting needles into specific points on the body. This practice, deeply rooted in ancient Chinese medical traditions, seeks to balance the flow of energy or life force – known as qi or chi – believed to flow through pathways in the body. By stimulating these points, acupuncture is thought to boost well-being and cure illnesses, making it a popular choice for pain management and treatment of chronic health issues.
The acupuncture needles market refers to the global industry involved in the production, distribution, and sale of acupuncture needles. This has a robust growth trajectory and is largely attributable to the increasing demand for TCM and non-pharmacological treatments worldwide. Factors such as the rising prevalence of chronic conditions, growing awareness of acupuncture’s benefits, and a shift toward holistic healthcare approaches are key drivers behind this expansion.
Manufacturers in Asia, particularly in China and South Korea, play a crucial role in the supply chain, with their products reaching markets across North America, Europe, and beyond. Regulatory bodies, like the United States Food and Drug Administration (FDA), oversee the safety and efficacy of acupuncture needles, ensuring they meet strict standards for use as medical devices.
Innovation within this market is ongoing, with developments aimed at enhancing the efficacy and safety of treatments. Examples include self-heating needles and advancements in the sterility of disposable needles. Such innovations, alongside supportive policies from governments and private entities, are fueling the market’s growth.
The acupuncture needles market is a dynamic segment of the healthcare industry, poised for continued growth. Stakeholders, including manufacturers, healthcare providers, and investors, stand to benefit from understanding the regulatory landscape, market trends, and technological advancements shaping this field.
Key Takeaways
- Market Growth: Expected to reach USD 678.5 Mn by 2033, growing at 8.5% CAGR, indicating strong market expansion.
- Product Dominance: Disposable needles hold 55% market share in 2023, driven by hygiene focus and safety regulations.
- Material Preference: Stainless steel leads with 45% market share in 2023, valued for durability and safety.
- End-use Dynamics: Hospitals lead with 46.1% market share in 2023, integrating acupuncture into mainstream healthcare.
- Driver: Increasing preference for alternative medicine fuels market growth, driven by concerns over conventional medication side effects.
- Restraint: Stringent regulatory environment poses challenges, impacting production costs and market growth.
- Opportunity: Integration into mainstream healthcare systems presents growth potential, supported by WHO recognition.
- Trend: Rising popularity of holistic and alternative medicine drives consumer preference for non-invasive health solutions.
- Regional Analysis: APAC leads with 44.2% market share in 2023, driven by traditional medical practices and governmental endorsements.
Product Analysis
In 2023, the Acupuncture Needles Market saw the Disposable Needles segment taking the lead, holding over 55% of the market share. This dominance is largely due to the increasing focus on hygiene and the stringent safety regulations imposed by health authorities worldwide. These regulations advocate for the use of sterile, one-time-use needles to mitigate the risk of infections, thereby boosting the demand for disposable needles. Moreover, the convenience and safety associated with disposable needles have significantly contributed to their widespread adoption in acupuncture practices.
Conversely, the Non-disposable Needles segment, though smaller, continues to hold significance in specific markets that favor traditional acupuncture methods. These needles, reusable upon proper sterilization, cater to a niche segment where the traditional aspect of acupuncture is highly valued. However, the global shift towards prioritizing patient safety and adherence to hygiene standards is gradually limiting the growth prospects of non-disposable needles. The persistent concern over safety and the convenience of disposable alternatives play a pivotal role in this dynamic.
Looking into the future, the Disposable Needles segment is expected to maintain its dominance in the market. This can be attributed to continuous advancements in needle technology, higher healthcare standards, and an increasing focus on preventive care. The growing number of acupuncture practitioners worldwide, coupled with a heightened patient preference for hygienic medical treatments, is likely to further propel the demand for disposable needles. As the market evolves, the emphasis on patient safety and the integration of modern healthcare practices are poised to shape the future trajectory of the Acupuncture Needles market.
Material Analysis
In 2023, the Acupuncture Needles Market saw the Stainless Steel segment leading with over 45% market share, largely due to stainless steel’s strength, cost-effectiveness, and compliance with medical sterilization standards. These needles are preferred for their durability and safety, essential in medical practices. Meanwhile, gold and silver needles cater to a niche market, valued for their traditional and therapeutic properties. Gold needles are known for enhancing energy flow due to their conductive properties, whereas silver needles are sought after for their cooling effects, useful in treatments aimed at reducing inflammation.
The demand for gold and silver acupuncture needles is partly driven by their cultural significance and luxury status, although their higher costs and limited availability restrict market growth compared to stainless steel needles. Nonetheless, the interest in holistic and alternative medical practices is on the rise, potentially increasing the demand for these premium materials. Technological advancements in material science may lower the costs, making gold and silver needles more accessible. As the market evolves, the enduring popularity of stainless steel needles is expected to remain stable, while the segments for gold and silver are projected to grow, reflecting a global trend towards more personalized and culturally diverse healthcare solutions.
End-use Analysis
In 2023, the Hospital segment led the Acupuncture Needles Market’s End-use Segment, boasting over 46.1% of the market share. This leading position stems from hospitals increasingly incorporating acupuncture into mainstream healthcare, particularly for pain management and treating various chronic diseases. The adoption of acupuncture in hospitals has significantly boosted the demand for acupuncture needles, reflecting the growing trust in acupuncture’s therapeutic benefits.
Concurrently, the Clinics segment also marked its strong presence in the market. The surge in specialized acupuncture clinics and wellness centers, coupled with a rising preference for personalized healthcare, has significantly contributed to the segment’s growth. The Others segment, which includes home care settings, academic and research institutions, and alternative medicine centers, also secured a notable market share. This reflects acupuncture’s broader application and accessibility across various health and wellness settings, catering to a growing consumer base seeking non-invasive and natural treatment options.
The expansion of the acupuncture needles market is further fueled by increasing global awareness of acupuncture’s benefits, technological advancements in needle design for improved safety and comfort, and a demographic shift towards populations more susceptible to conditions that acupuncture can effectively treat. The market is on a path of steady growth, driven by a blend of factors including higher adoption rates, technological innovations, and a shift towards holistic treatment approaches.
Key Market Segments
Product
- Disposable Needles
- Non-disposable Needles
Material
- Stainless Steel
- Gold
- Silver
End-use
- Hospital
- Clinics
- Others
Drivers
Increasing Preference for Alternative Medicine
The increasing preference for alternative medicine is significantly contributing to the expansion of the Global Acupuncture Needles Market. This shift is part of a larger trend towards holistic health approaches, driven by concerns over the side effects associated with conventional medications. Acupuncture, a key component of traditional Chinese medicine, has gained popularity for its effectiveness in managing pain and chronic conditions. This growing acceptance is underscored by a notable uptick in usage; for example, the World Health Organization highlights the global recognition and integration of traditional and complementary medicine within national health systems over the past two decades (WHO).
Furthermore, a survey by the National Institutes of Health (NIH) in the United States found that about 38% of adults and 12% of children use some form of complementary and alternative medicine (CAM), with acupuncture being one of the practices included. The survey also notes an increase in the use of specific CAM therapies such as deep breathing, meditation, massage therapy, and yoga among adults from 2002 to 2007 (National Institutes of Health (NIH)). These statistics not only emphasize the therapeutic value seen in practices like acupuncture but also illustrate a broader movement towards more sustainable and patient-oriented healthcare solutions. This trend is directly contributing to the rising demand for acupuncture needles as an essential tool in the practice of acupuncture within the global alternative medicine landscape.
Restraints
Regulatory Hurdles
One significant restraint affecting the Global Acupuncture Needles Market is the stringent regulatory environment. In many countries, acupuncture needles are classified as medical devices, which subjects them to rigorous regulatory scrutiny. This classification means that before acupuncture needles can be marketed and sold, they must meet strict safety and efficacy standards set by health regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA). The need to comply with these regulations can lead to increased production costs and delays in product launches, impacting the overall market growth. This constraint can be attributed to governments’ commitment to ensuring patient safety and maintaining high standards of medical treatment.
Opportunities
The integration of acupuncture into mainstream healthcare systems represents a significant opportunity for the global acupuncture needles market. With the World Health Organization (WHO) recognizing the value of traditional, complementary, and integrative healthcare (TCIH), including acupuncture, efforts are underway to ensure access, safety, and effective integration into health systems. The WHO’s Traditional Medicine Strategy 2014-2023 outlines objectives such as increasing the evidence base for TCIH, regulating TCIH practices, and integrating TCIH into health systems to achieve universal health coverage. This strategic direction is underpinned by the understanding that traditional medicine, including acupuncture, has historically contributed to conventional medicine and continues to hold promise, with about 40% of pharmaceutical products today drawing from traditional knowledge.
Moreover, the WHO reports that 170 of its member states acknowledge the use of traditional medicine by their populations, reflecting a global recognition of its value. The increasing body of research, with over 26,000 clinical trials on complementary therapies including acupuncture in the Cochrane Central database as of September 2023, highlights a growing acceptance and demand for evidence-based traditional and complementary medicine practices. This acceptance, coupled with regulatory efforts to ensure the quality and safety of TCIH practices and practitioners, paves the way for acupuncture’s integration into conventional healthcare settings. Such integration not only legitimizes acupuncture within the broader medical community but also expands the market for acupuncture needles as more healthcare providers adopt acupuncture as a viable treatment option.
Trends
Rising Popularity of Holistic and Alternative Medicine
Conversely, a significant trend that bolsters the Global Acupuncture Needles Market is the increasing popularity of holistic and alternative medicine among the general population. This shift in consumer preference is driven by a growing awareness of the potential side effects associated with conventional medications and treatments, coupled with a desire for more natural and non-invasive health solutions. Acupuncture, recognized for its therapeutic benefits and minimal side effects, is gaining traction as a preferred method for managing various health conditions, including chronic pain, stress, and migraines. This trend is further supported by a number of scientific studies validating the efficacy of acupuncture, which in turn, fosters greater acceptance and integration of acupuncture into mainstream healthcare systems. The rise in demand for acupuncture services is expected to drive the growth of the acupuncture needles market, as more practitioners seek high-quality, reliable tools to meet patient needs.
Regional Analysis
In 2023, APAC held a dominant market position, capturing more than a 44.2% share and holds USD 132.6 million market value for the year. This substantial market presence can be attributed to increasing acceptance of acupuncture therapies, bolstered by traditional medical practices prevalent in countries such as China, Japan, and South Korea. Furthermore, governmental endorsements and integrative medical practices have significantly contributed to the market’s growth in this region.
North America also exhibited a robust expansion in the acupuncture needles market, driven by a growing awareness of holistic health practices and the rising prevalence of chronic pain and stress-related ailments. In the United States and Canada, acupuncture is increasingly recognized as a viable alternative or complement to conventional medical treatments, leading to a broader acceptance among both healthcare professionals and patients.
The European market is characterized by a growing preference for non-pharmacological treatments, especially in Western European countries such as Germany, the UK, and France. The region’s stringent regulatory standards for acupuncture needles ensure high-quality products, thereby boosting consumer confidence and driving market growth. Additionally, the increasing number of trained acupuncture practitioners in Europe is expanding the accessibility of these treatments to a larger population.
Latin America and the Middle East & Africa regions are experiencing gradual growth in the acupuncture needles market. This growth is primarily driven by the slow yet steady rise in alternative medical practices along with increasing government initiatives to regulate and promote such practices. These regions present untapped potential due to their developing healthcare infrastructure and growing awareness about the benefits of acupuncture.
Key Regions
- North America
- The US
- Canada
- Mexico
- Western Europe
- Germany
- France
- The UK
- Spain
- Italy
- Portugal
- Ireland
- Austria
- Switzerland
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- The Czech Republic
- Greece
- Rest of Eastern Europe
- APAC
- China
- Japan
- South Korea
- India
- Australia & New Zealand
- Indonesia
- Malaysia
- Philippines
- Singapore
- Thailand
- Vietnam
- Rest of APAC
- Latin America
- Brazil
- Colombia
- Chile
- Argentina
- Costa Rica
- Rest of Latin America
- Middle East & Africa
- Algeria
- Egypt
- Israel
- Kuwait
- Nigeria
- Saudi Arabia
- South Africa
- Turkey
- United Arab Emirates
- Rest of MEA
Key Players Analysis
In the competitive realm of the Acupuncture Needles Market, several key players are making notable strides. Among these, 3B SCIENTIFIC GMBH stands out, leveraging its expertise in medical devices to offer innovative acupuncture solutions. WUXI JIAJIAN MEDICAL DEVICES CO. LTD. also commands a significant presence, known for its commitment to manufacturing excellence and customer satisfaction. Dana Medical Co. is another prominent contender, renowned for its dedication to product quality and safety, earning trust globally.
AcuMedic Ltd. distinguishes itself with a holistic approach to healthcare and a comprehensive product range. Alongside these frontrunners, other key players contribute unique strengths and perspectives to the market’s dynamic landscape. Company profiles offer valuable insights into their backgrounds, operations, and strategic initiatives, aiding stakeholders in understanding the market better. As competition intensifies, companies must continually innovate and adapt to maintain their competitive edge in this evolving market.
Market Key Players
- 3B SCIENTIFIC GMBH
- WUXI JIAJIAN MEDICAL DEVICES CO. LTD.
- Dana Medical Co.
- Suzhou Zhongjing Life & Science Technology Co. Ltd.
- Shinylink (Shanghai) Industrial Inc.
- AcuMedic Ltd.
- asia-med GmbH
- SEIRIN
- Boen Healthcare Co. Ltd.
- Suzhou Hualun Medical Appliance Co. Ltd.
- Other Key Players
Recent Developments
- In February 2024, Suzhou Zhongjing Life & Science Technology Co. Ltd. established a partnership with a prominent distributor, a strategic move intended to broaden the company’s presence within the European market.
- In May 2023, 3B Scientific GmbH introduced a new series of acupuncture needles, specifically designed to offer enhanced biocompatibility. This innovation aims to cater to acupuncturists who prioritize patient comfort in their practices.
- In October 2023, AcuMedic Ltd. completed the acquisition of a smaller competitor. This acquisition has effectively strengthened AcuMedic’s market position within the United Kingdom’s acupuncture needle industry.
Report Scope
Report Features Description Market Value (2023) USD 300.1 Mn Forecast Revenue (2033) USD 678.5 Mn CAGR (2024-2033) 8.5% Base Year for Estimation 2023 Historic Period 2018-2022 Forecast Period 2024-2033 Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Competitive Landscape, Recent Developments Segments Covered By Product (Disposable Needles, Non-disposable Needles), By Material (Stainless Steel, Gold, Silver), By End-use (Hospital, Clinics, Others) Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA Competitive Landscape 3B SCIENTIFIC GMBH, WUXI JIAJIAN MEDICAL DEVICES CO. LTD., Dana Medical Co., Suzhou Zhongjing Life & Science Technology Co. Ltd., Shinylink (Shanghai) Industrial Inc., AcuMedic Ltd., asia-med GmbH, SEIRIN, Boen Healthcare Co. Ltd., Suzhou Hualun Medical Appliance Co. Ltd., Other Key Players Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements. Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF) Frequently Asked Questions (FAQ)
What is the size of the Acupuncture Needles market in 2023?The Acupuncture Needles market size is USD 300.1 million in 2023.
What is the projected CAGR at which the Acupuncture Needles market is expected to grow at?The Acupuncture Needles market is expected to grow at a CAGR of 8.5% (2024-2033).
List the segments encompassed in this report on the Acupuncture Needles market?Market.US has segmented the Acupuncture Needles market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Product the market has been segmented into Disposable Needles, Non-disposable Needles. By Material the market has been segmented into Stainless Steel, Gold, Silver. By End-use the market has been segmented into Hospital, Clinics, Others.
List the key industry players of the Acupuncture Needles market?3B SCIENTIFIC GMBH, WUXI JIAJIAN MEDICAL DEVICES CO. LTD., Dana Medical Co., Suzhou Zhongjing Life & Science Technology Co. Ltd., Shinylink (Shanghai) Industrial Inc., AcuMedic Ltd., asia-med GmbH, SEIRIN, Boen Healthcare Co. Ltd., Suzhou Hualun Medical Appliance Co. Ltd., Other Key Players
Which region is more appealing for vendors employed in the Acupuncture Needles market?APAC is expected to account for the highest revenue share of 44.2% and boasting an impressive market value of USD 132.6 million. Therefore, the Acupuncture Needles industry in North America is expected to garner significant business opportunities over the forecast period.
Name the key areas of business for Acupuncture Needles?The US, Canada, India, China, UK, Japan, & Germany are key areas of operation for the Acupuncture Needles Market.
- 3B SCIENTIFIC GMBH
- WUXI JIAJIAN MEDICAL DEVICES CO. LTD.
- Dana Medical Co.
- Suzhou Zhongjing Life & Science Technology Co. Ltd.
- Shinylink (Shanghai) Industrial Inc.
- AcuMedic Ltd.
- asia-med GmbH
- SEIRIN
- Boen Healthcare Co. Ltd.
- Suzhou Hualun Medical Appliance Co. Ltd.
- Other Key Players
- settingsSettings
Our Clients
Single User $4,599 $3,499 USD / per unit save 24% | Multi User $5,999 $4,299 USD / per unit save 28% | Corporate User $7,299 $4,999 USD / per unit save 32% | |
---|---|---|---|
e-Access | |||
Report Library Access | |||
Data Set (Excel) | |||
Company Profile Library Access | |||
Interactive Dashboard | |||
Free Custumization | No | up to 10 hrs work | up to 30 hrs work |
Accessibility | 1 User | 2-5 User | Unlimited |
Analyst Support | up to 20 hrs | up to 40 hrs | up to 50 hrs |
Benefit | Up to 20% off on next purchase | Up to 25% off on next purchase | Up to 30% off on next purchase |
Buy Now ($ 3,499) | Buy Now ($ 4,299) | Buy Now ($ 4,999) |