Global 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 2027Market Insights:As per the report published by Market Research Future (MRFR), the global acupuncture market is anticipated to garner a notable CAGR of 14.50% over the assessment period of 2018 to 2023 and earn revenues worth USD 55323.8 million by 2023.The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy.
Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain.
The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people.
MRFR identifies these factors as market driver that are anticipated to impel the acupuncture market growth over the evaluation period.Key Players:Cymedics GmbH & Co. KG, Ltd, Schwa-medico GmbH, 3B Scientific GmbH, SEIRIN Corporation, Zepter International, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd, asia-med GmbH, Wuxi Jiajian Medical Instruments Co., MKW Laser system GmbH are companies operating in the acupuncture market.Industry News:In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.Segmental Overview:The acupuncture market’s segmental analysis provides a compendious understanding of the market that allows identification of new growth windows.
The acupuncture market study has been segmented into application, end-user, and product and services.On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others.
The increase in number of wellness centers owing to the increase in adoption of acupuncture as an effective alternative medicine, the wellness centers segment is likely to boost the market growth.On the basis of product and services, the acupuncture market study has been segmented into products and services.