Acupuncture Market 2020 – Worldwide Overview by Size, Share, Segments, Leading Players,...

Acupuncture Market 2020 – Worldwide Overview by Size, Share, Segments, Leading Players, Global Demand, Comprehensive Growth and Regional Forecast to 2023


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Dec 15, 2020 (AB Digital via COMTEX) —
Acupuncture Market -Overview

The shortcomings of conventional practices in treating some ailments have led to patients resorting to adopting acupuncture practices. The pharmaceutical industry reports are designed by Market Research Future, putting into focus market prospects for evolution. A 14.5% CAGR is foreseen to guide income to USD 55323.8 million valuations by 2023.

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Compared to before, the augmented accessibility to practitioners of acupuncture is predicted to stimulate the traditional acupuncture therapies in the impending period. The surge in occurrences of menstrual issues, PCOS, pregnancy complaints, and PMS, is projected to bolster the acupuncture business in the course of the forecast period.

Segmental Analysis

The segmentation of the acupuncture market is carried out on the basis of product & services, application, regions, and end-user. The acupuncture market’s end-user segment consists of the wellness center, hospitals & specialty clinics, and research & academic institutes. The product & services segment of the acupuncture market is split into services and products. The product sub-segment consists of an electro-acupuncture device, needles, rod lasers, laser needle, suction cups, laser pens, and others. The service sub-segment is segmented into auricular, acupuncture, traditional Chinese medicine, moxibustion, Japanese acupuncture, Korean hand acupuncture, non-insertion scalp acupuncture, cupping, and others. The regions included in the acupuncture market are North America, the Middle East, Asia Pacific, Africa, South America, and Europe. The acupuncture market’s application segment consists of pain syndrome illnesses, gynecological disorders, psychological illnesses, and others.

Detailed Regional Analysis 

The acupuncture market’s regional investigation includes North America, the Middle East, Asia Pacific, Africa, South America, and Europe. It has been noted that the European region’s acupuncture market is anticipated to power the prime market share acquisition in the market globally. The acupuncture market progress is attributed to the increasing incidences of long-lasting diseases and rising inclination for European residents’ acupuncture therapies. Besides, chief market competitors’ presence notably enhances the acupuncture market’s advance in the European region. The Asia Pacific region’s acupuncture market is anticipated to be the most quickly growing region in the acupuncture market worldwide and is projected to mature at a CAGR of 15.02 % in the assessment period. Furthermore, the increasing number of companies manufacturing acupuncture products and the increasing commonness of chronic diseases is driving the acupuncture market growth in this region.

Competitive Analysis

The players operating in the market are likely to seek revision of supply chains to promote further the development of the market in new segments and demographics. The global market’s response to new efficiency levels in the forthcoming period is expected to unleash new and transformative changes. In the forecast period, the market is appraised to derive a great deal from the market signals while scrutinizing their consumer base to meet their needs better. The diverse regional markets will see steadfast development due to government backup’s influence in re-energizing the global market. The new growth ventures are foreseen to improve the company’s future goal achievement trajectory and are thus estimated to be essential to growth. The augmentation of commercial interests in the upcoming period is estimated to create a more advantageous position for the market contenders in the forecast period. The inclusion of social impact goals by the companies in the market is estimated to usher in a new development phase in the market in the upcoming period. The digital elements of business functioning are estimated to emerge more prominently in the period ahead.

The eminent contenders in the acupuncture market are Zepter International, Schwa-medico GmbH, MKW Laser system GmbH, SEIRIN Corporation, Cymedics GmbH & Co. KG, Wuxi Jiajian Medical Instruments Co., Ltd, 3B Scientific GmbH, asia-med GmbH, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd.

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