Acupuncture Needles Market Analysis & Forecast to 2024-2034: Market By Product; By Material; By End-user; and By Region

The global acupuncture needles market size was estimated to be USD 141.6 million in 2023 and is expected to reach at USD 338.3 million by 2034 with a CAGR of 8.24% during the forecast period 2024-2034. The rise in the prevalence of chronic conditions such as diabetes, obesity, & autoimmune diseases, increasing adoption of unhealthy & sedentary lifestyles, a surge in alcohol consumption & smoking, growing number of surgeries, increase in hypertension cases, rising geriatric population, increasing introduction of new acupuncture needles, and growing collaborations among market leaders are some of the key factors boosting the market growth.

Acupuncture proves highly effective in treating and alleviating pain associated with chronic diseases. The risk of severe side effects is relatively lower compared to alternative treatments. growing collaborations among market leaders is predicted to boost the market growth during the forecast period. For instance, in 2023, The New Zealand Chinese Medicine & Acupuncture Society (NZCMAS) has partnered with the NZ College of Chinese Medicine (NZCCM) to boost the number of proficient acupuncturists in the country.

By product, disposable needles was the highest revenue-grossing segment in the global acupuncture needles market in 2023 owing to the several advantages, including a low risk of disease transmission between patients & cost-effectiveness, the majority of healthcare professionals recommend the use of disposable products due to safety concerns & their easy availability, and growing research & development activities. For instance, in November 2023, BMJ has introduced the initial segment of a special collection of articles that document the advancements in acupuncture research. Additionally, non-disposable needles is predicted to grow at the fastest CAGR during the forecast period owing to the extensive utilization is driven by insufficient awareness of hygiene and Hospital Acquired Infections (HAIs) among both patients and healthcare professionals.

By material, stainless steel was the highest revenue-grossing segment in the global acupuncture needles market in 2023 owing to the wide accessibility & cost-effectiveness, with many key players making them available globally as opposed to other needle types. For instance, in September 2022, 3B Scientific GmbH has achieved a noteworthy milestone by introducing an innovative line of acupuncture needles featuring enhanced characteristics and an upgraded design. Crafted from high-quality stainless steel, these new needles possess a sharper tip for more accurate insertion. This advancement is designed to cater to the changing requirements of acupuncturists and enhance the overall acupuncture experience for both practitioners and patients. Additionally, silver needles is predicted to grow at the fastest CAGR during the forecast period as they offer various advantages, including effective thermal effects in warm acupuncture procedures and faster and more efficient relief for patients compared to other materials.

By end-user, hospital was the highest revenue-grossing segment in the global acupuncture needles market in 2023 owing to the growing incidence of diabetic foot ulcers & venous leg ulcers, increase in surgical wounds due to the rising number of surgeries, and surge in mergers & acquisitions among market players. For instance, in August 2023, 3B Scientific, a leading manufacturer and distributor of medical simulation products and anatomical models for healthcare education, has announced its intention to acquire Lifecast Body Simulation. Additionally, clinic is predicted to grow at the fastest CAGR during the forecast period owing to the rising number of clinics and surgical procedures is contributing to an increase in the number of surgical wounds.

Asia Pacific region is anticipated for the highest revenue share during the forecast period owing to the medical tourism industry is experiencing rapid growth, with a heightened demand for acupuncture treatment and a surge in the introduction of education programs by market players. For instance, in November 2023, Health System has launched a two-year graduate medical education program concentrated on Traditional Chinese Medicine (TCM). This program provides students with the expertise to prescribe and formulate therapies like cupping, acupuncture, and herbal medicine. Additionally, North America region is predicted to grow at fastest CAGR during the forecast period owing to the increasing prevalence of diabetes & hypertension, growing number of surgical procedures, and surge in government initiatives related to acupuncture facilities. For instance, in May 2023, Representatives Judy Chu (CA-28) and Brian Fitzpatrick (PA-01) have introduced the Acupuncture for Our Seniors Act of 2023. The primary objective of this legislation is to improve the availability of acupuncture services in the healthcare system by permitting licensed acupuncturists to act as providers in Medicare. This initiative seeks to grant seniors access to the benefits of this effective treatment option.

Segmentation: Acupuncture Needles Market Report 2023 - 2034

Acupuncture Needles Market Analysis & Forecast by Product 2023 - 2034 (Revenue USD Mn)

• Non-disposable Needles
• Disposable Needles

Acupuncture Needles Market Analysis & Forecast by Material 2023 - 2034 (Revenue USD Mn)

• Gold
• Silver
• Stainless Steel

Acupuncture Needles Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Mn)

• Hospital
• Clinics
• Others

Acupuncture Needles Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Mn)

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of LATAM
• Middle East & Africa
• South Africa
• GCC
• Rest of MEA