Acupuncturists in the US - Industry Market Research Report

On point: Telemedicine and remote acupuncture may expand acupuncturists' reach and support expansion

Acupuncture is a form of complementary and alternative medicine that has been widely practiced to treat disease or relieve pain by stimulating specific locations on the skin through needle penetration. The practice has gained popularity in Western medicine as a treatment for various conditions, with public and private insurers covering acupuncture in some circumstances. However, a lack of clinical evidence still limits comprehensive coverage. Despite the need for definitive research on acupunctures' efficacy, industry-wide revenue has been growing at a CAGR of 3.6% over the past five years and is expected to total $687.7 million in 2023, when revenue is projected to jump 0.7%. This industry includes health practitioners who treat patients by insertion and manipulation of needles in the body. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.