Acupuncture Market Share is Expected to Witness Healthy Valuation of USD 151 Billion at a 17.1% CAGR by 2030

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 2030

According to MRFR analysis, the global Acupuncture market is expected to register a CAGR of 17.1% from 2022 to 2030 and hold a value of over USD 151 billion by 2030.

Acupuncture is a form of alternative medicine that involves the insertion of thin needles into specific points on the body. It has been used for thousands of years in traditional Chinese medicine to treat a variety of conditions, including pain, anxiety, and depression. The acupuncture market includes the sale of acupuncture needles, equipment, and services.

The COVID-19 pandemic has had a mixed impact on the acupuncture market. On one hand, the demand for acupuncture services has decreased due to social distancing measures and the closure of non-essential businesses. On the other hand, the pandemic has increased awareness of alternative medicine and the importance of maintaining overall health and wellness, leading to an increase in demand for acupuncture services.

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Key Players

Some of the top market players are Wuxi Jiajian Medical Instruments Co.,  Zepter International, Acumedic Limited, 3B Scientific GmbH,  Asia-Med Gmbh,  Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd,  SIRIN Corporation and  MKW Laser System GmbH

Market Segmentation

The Global Acupuncture market has been segmented into based on product & services, application, and end-user.

By Product & Services: Services and Product

By Application: Pain Syndrome Illnesses, Gynecological Disorders and Others

By End-User: Wellness Center, Hospitals & Specialty Clinics and Others

Regional Analysis

The global acupuncture market is divided into four regions: North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific is the largest market for acupuncture, accounting for more than half of the global market share. This can be attributed to the widespread use of traditional Chinese medicine in the region, as well as the increasing popularity of acupuncture in countries such as Japan, South Korea, and Australia.

Browse In-depth Market Research Report (157 Pages) on Acupuncture: https://www.marketresearchfuture.com/reports/acupuncture-market-6139

North America and Europe are also significant markets for acupuncture, driven by increasing acceptance of alternative medicine and growing awareness of the benefits of acupuncture for pain management, stress reduction, and other health issues. In the Rest of the World, the market for acupuncture is expected to grow rapidly in the coming years, driven by increasing demand for alternative medicine in developing countries.

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