Acupuncture Market Size to Reach USD 157.73 Billion at 17.10% CAGR by 2030 | Market Research Future

Acupuncture Market Research Report: Information 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), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

The Acupuncture Market Size was valued at USD 38.1 Billion in 2022 and is projected to grow from USD 44.61 Billion in 2023 to USD 157.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.10% during the forecast period (2023 – 2032).  The acupuncture market refers to the economic sector related to the practice and provision of acupuncture services, products, and related accessories. Acupuncture is a form of alternative medicine that involves the insertion of thin needles into specific points on the body to stimulate and balance the body’s energy flow.

The market’s size and characteristics may vary across different regions and countries based on cultural, regulatory, and healthcare system differences.

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The COVID-19 pandemic had significant impacts on the acupuncture market. Many acupuncture clinics and healthcare facilities had to temporarily close or reduce their operations during the pandemic due to lockdowns, social distancing measures, and restrictions on non-essential healthcare services. This led to a significant decline in patient visits and revenue for acupuncturists.

Market Segmentation

The Acupuncture Market has been segmented into application and end user.

Based on the application, the market has been segmented into Pain Syndrome Illnesses and Gynecological Disorders.

Based on the end user, the market has been segmented into wellness center and hospitals & specialty clinics.

Key Players

Some of the key 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
• MKW Laser System GmbH

Regional Analysis

The largest region of the acupuncture market is Asia, specifically China. Acupuncture originated in China and has been deeply ingrained in its traditional medicine system for thousands of years. It is widely practiced and accepted as a mainstream form of healthcare in the region.

China has a vast network of acupuncture clinics, hospitals, and healthcare facilities that offer acupuncture services. Acupuncturists in China undergo extensive training and education in traditional Chinese medicine, which includes acupuncture as a core component. The country has a well-established regulatory framework for licensing and practicing acupuncture.

While acupuncture has gained popularity and acceptance in other parts of the world, particularly in North America and Europe, the sheer population size and cultural affinity for acupuncture in Asia make it the largest region in terms of the acupuncture market.

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

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