- Summary
- Table Of Content
- Methodology
Acupuncture Market Size:
Acupuncture Market size is growing with a CAGR of 17.6% during the forecast period (2024-2031), and the market is projected to be valued at USD 113,295.22 Million in 2031 from USD 31,203.14 Million in 2023.
Acupuncture Market Scope & Overview:
Acupuncture is a treatment method that uses very thin steel needles that are inserted in skin to stimulate specific points. It is a type of traditional Chinese medicine, most commonly used to treat pain. It stimulates the central nervous system. Stimulation of central nervous system releases bichemicals into the muscles, spinal cord, and brain. These biochemical changes are believed to stimulate the body's natural healing abilities, thereby promoting physical and emotional well-being. Thus, it is increasingliy preffered by individuals stress management, pain relief and overall wellness. Additionally, it is also used to treat arthritis, back pain, neck pain, muscle pain, headaches, migraines, and more. It is classified into different types such as traditional, electro and thermal acupuncture among others. The pimary end use includes hospitals, clinics, wellness centers, research centers, spa and more.
Acupuncture Market Dynamics - (DRO) :
Key Drivers:
Rising Demand of Acupuncture for Pain Relief is Diving the Market Expansion
Pain is a common cause of Emergency Department (ED) visits and its control is still a challenge and global health priority. The World Health Organization has recognized it as a safe and effective therapy for a numerous conditions causing pain and discomfort such as headaches, back pain, osteoarthritis and more. Furthermore, studies also suggest that it has a potential role in controlling acute pain conditions presented to EDs.
Additionally, it has also been shown to be as effective as morphine and it has a better safety profile which makes it a suitable method of pain control.
- In 2022 according to National Center of Biotechnology Information, acupuncture reduces 50% pain in 14 minutes where as morphine take 28 minutes. This show that it is associated with much faster and deeper painkiller effect. Thus, more number of individuals globally are preferring acupuncture as pain relief treatment.
Hence, due to better safety treatment profile for treating pain, the global acupuncture market is rising in demand.
Acupuncture Market Fostering Growth Due to Increase in Prevalence of Skin Disorders
Dermatitis is a general term for conditions that cause inflammation of the skin. It has been used to treat an extensive list of skin conditions such as, itchiness, atopic dermatitis, psoriasis, and more. Additionally, studies have shown that it reduces skin lesion sizes, frequency of flare-ups, and lower overall stress levels. Furthermore, globally there is an increase in prevalence of skin disorders, and due to this there is a rise in number of individuals opting for this procedure as a safer alternative.
- In 2023 according to National Center of Biotechnology Information, globally around 101.27 million adults and 102.78 million children, suffered from atopic dermatitis. This corresponds to a prevelance rate of 2.0% in adults and 4.0% in children.
Thus, as the maket trend portrays, the increased occurance of skin discorders, is propelling the acupuncture market demand.
Key Restraints :
Availability of Alternatives is Restricting the Growth of Acupuncture Market
The growth of the acupuncture market is hindered due to the availability of variety of alternatives such as, hypnosis pain relief, guided imagery pain relief, magnetic waves, chiropractic, and more. Due to the presence of alternatives, there is an increase in competition. This in turn is limiting the market demand. It is complicated and needs a skilled acupunturist. Accidental insertion during the process causes complications. Furthermore, individuals with bleeding disorders cannot opt for it and not all insurance companies provide cover for the treatment.
Therefore, due to the availability of alternative, the market growth for acupuncture market is limited.
Future Opportunities :
Technological Advancements is Expected to Drive the Acupuncture Market Growth
Acupuncture point selection and prescription is one of the key and fundamental steps in treatment. There are 361 acupoints located on 14 meridians within the human body. AI-based data mining methods reveal effective acupoint combinations, the laws of acupoints compatibility, and effective treatment plans, which have significantly improved its reliability and stability in clinical efficacy.
Furthermore, acupuncture robots that are currently under development which will accurately find the location of acupoints by measuring a person's height and sebum thickness and use ultrasound sensors to control the depth and speed of needling.
- In 2024 according to a study published at JMIR publications, AI directed acupuncture treatment not only improvises technique and decision-making processes but also helps the learners to practice the technique with reduced risks.
Thus, the technological advancement in this therapy, due to its increased efficacy is expected to drive the acupuncture market opportunity.
Use of Acupuncture in Psychiatry is Expected to Rise in Upcoming Years
Mental disorders (or mental illnesses) are conditions that affect your thinking, feeling, mood, and behavior. Depression and anxiety are the most common psychological disorders. Clinical trials have documented the effectiveness of this therapy on psychological disorders. Further studies have found that it increases a number of central nervous system hormones such as ACTH, beta-endorphins, serotonin, and noradrenaline.
- According to National Center of Biotechnological Information, in 2024, acupuncture is preffered as a non-pharmacological treatment option. Globally, it has been opted in more than 183 countries. With revealing no side effects it has been proven beneficial in allevating mental health issues such as anxiety and depression.
Hence, the analysis of market trends shows that, the promise in reduction of anxiety and depression is expected to create a lucrative opportunity for acupuncture market expansion.
Acupuncture Market Segmental Analysis :
By Treatment:
Based on treatment the segment is categorized into arthritis, diabetes, allergies, psychological disorder, and others.
Trends in the Treatment:
- Recent use of the therapy by releasing of biochemical such as endorphins aids in the management of chronic pain in ED.
- Low level of electroacupntre increases insulin sensitivity in diabetic patients aiding in blood sugar regulation.
Arthritis is accounted for the largest market share of 39.87% in 2023.
- A well-placed needle sets off a cascade of events, producing a signal that travels along the spinal cord to the brain, triggering a release of neurotransmitters called endorphins and enkephalins, which reduces the sensation of pain aiding arthritis patients.
- Studies have also showed that inserting an acupuncture needle induces the production of cortisol, a hormone that helps control inflammation.
- Additionally, there are increased number of individuals globally preferring this therapy to relieve pain throughout their body.
- According to National Center of Biotechnology Information, in 2022, evidences suggest acupuncture as an option for treating rheumatoid arthritis patients due to its advantage in revealing pain and ameliorating quality of life and health index.
- Thus, as per the segmental trends anlaysis, arthritis treatment accounts for the largest segment, due to acupunturs effectiveness in pain relief.
The treatment for psychological disorders through this therapy is anticipated to register the fastest CAGR during the forecast period.
- The therapy works to relieve symptoms of depression by stimulating areas of the body responsible for the production of vital emotion-managing hormones.
- Furthermore, it assists in the releasing of mood-boosting endorphins which result in enhancing positive feelings and helping with emotional regulation.
- Additionally, depression levels dropped by 70%, and anxiety decreased by 36.9% in patients. This highlights the therapy's effectiveness in managing mental health.
- Thus, as per the segmental trend analysis shows that, acupuncture is a promising form of therapy and expected to grow rapidly.
By End-User Industry:
Based on the end-use industry segment is categorized into healthcare, personal care, skin care, sports, and others.
Trends in the End Users:
- It is a known alternative for treating pain in healthcare, personal care, and recently in sports as well.
The healthcare application accounted for the largest revenue of the overall acupuncture market share in the year 2023.
- Acupuncture is the most widely used traditional and complementary medicine.
- Its use in healthcare is surging in demand due to its proven efficiency in treating chronic pain, mental health issues, and other health conditions.
- In addition to global registered acupuncturists, medical doctors, nurse practitioners, and chiropractors also occasionally deliver use this treatment method.
- According to National Center of Biotechnology Information, between 2010 and 2020, 133 guidelines included more than 430 acupuncture recommendations for treating pain related conditions globally.
- Thus, it's opted as a treatment option in healthcare for chronic (long-term) pain, chronic tension type headaches, migraines, prostatitis symptoms and hiccups.
The skin care industry is being observed as the fastest growing in acupuncture market.
- Cosmetic acupuncture is a non-surgical and natural alternative to traditional cosmetic procedures.
- It involves the insertion of fine needles into specific points on the face and body to stimulate the production of collagen, improve blood circulation, and promote overall skin health.
- Skin care industry are increasingly incorporating this therapy, due to its promising benefits in reducing wrinkles, puffiness, and improve skin elasticity and tone.
- In 2021, according to National Center of Biotechnology Information, cosmetic acupuncture educational training is increasingly being incorporated in schools as an extracurricular courses.
- Thus, the increasing use of this therapy in skin care, is poised to be register as the fastest growing market.
Regional Analysis:
The regional segment includes North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
In 2023, North America accounted for the highest market share at 39.72% and was valued at USD 12,393.89 Million, and is expected to reach USD 45,193.46 Million in 2031. In North America, the U.S. accounted for the highest market share of 77.55% during the base year of 2023. Individuals in United States not only use acupuncture as a complementary and alternative approach to conventional treatment, but also use it as a preventive modality to promote general health. This explains the reason for it to become popular in the United States. Due to an increase in preference of this therapy among individuals in United States, the number of acupuncturist in the region is growing rapidly.
- According to National Health Interview Survey, in between 2002 and 2022 the use of this method by the adults in United States has doubled.
Therefore, as an alternative to conventional treatment among individuals in North America, the acupuncture market is subject for a substantial growth in the region.
Asia Pacific is expected to witness the fastest CAGR over the forecast period of 18.3% during 2024-2031.In Asia Pacific region the incidence of knee rheumatoid arthritis is increasing every year. Rheumatoid arthritis is a disease in which the immune system attacks the joints, beginning with the lining of joints. It seriously affects the quality of life of an individual. Acupuncture is widely used in the treatment of rheumatoid arthritis in Asia Pacific region. Furthermore, studies have demonstrated that this therapy alone or in combination with other treatments is beneficial to treat clinical situation of rheumatoid arthritis, thus improving function and quality of life.
- In 2022 according to National Center of Biotechnology Information, acupuncture is preferred by approximately 60% to 90% of individuals with arthritis as a non-pharmacological therapy in China due to the advantages of safety, reliability, and easy operation.
Hence, the regional segmental analysis shows that there is increased preference of usage of this treatment for rheumatoid arthritis in Asia Pacific region.
In Europe, it is widely used in clinics, hospices, and more. It is recognized as a distinct therapeutic system by law in 12 EU Member States, i.e. Austria, Belgium, Bulgaria, Czech Republic, Denmark, Germany, Greece, Hungary, Latvia, Portugal, Slovenia, and Spain. In Bulgaria, Czech Republic, Greece, Hungary, Latvia, Slovenia, and Spain, this method is explicitly allowed to medical doctors only. In Belgium and Portugal, the law does not explicitly exclude non-medical practitioners, but has not yet been implemented. In Denmark it is allowed for everyone, both individuals with and without a medical authorization, to use it for therapeutic purposes. Approximately, 80,000 medical doctors in the European Union have taken training and education in this field. Hence, as per the regional analysis, the acupuncture market trend is growing in European region.
Electro acupuncture is a mode of treatment in physical therapy that combines manual acupuncture and electrostimulation. It is an alternative form of the traditional method which uses electrical current that are passed between acupuncture needles. It is used to treat chronic pain. Electro acupuncture is widely used and accepted as a safe and harmless treatment option for alleviating depression in Latin America. Thus, as per the regional analysis, the maket for electro acupuncture is subjected to a substantial growth.
The trend of this therapy is growing in Middle east and Africa due to an increased demand for alternative and complementary medicine. Governments in the Middle East region are recognizing the benefit and trying to incorporate it into nations health care system. Additionally, it is slowly growing in UAE, Saudi Arabia and Dubai. Thus, as per the regional analysis the market is expected to rise in upcoming years in Midde East and Africa.
Top Key Players & Market Share Insights:
The Acupuncture Market is highly competitive with major players providing products and services to the national and international markets. Key players are adopting several strategies in research and development (R&D), product innovation, and end-user launches to hold a strong position in the global Acupuncture Market. Key players in the Acupuncture Market include-
- Kate Duggan Acupuncture and Naturopathy (Ireland)
- JSCM TCM Clinic (London)
- Care Cure Chinese Medicine & Acupuncture Clinic (Ireland)
- Dr. Lohiya acupuncture (India)
- Natural Healing Acupuncture Medical Center (Dubai)
- Kirkland Acupuncture & Integrative Medicine (United States)
- Mayo Foundation for Medical Education and Research (United States)
- ZHU's Neuro-Acupuncture and Rehabilitation Center (United States)
- Phydos Clinic (United States)
- Beijing Acupuncture and Herbal Clinic (United States)
Recent Industry Developments :
Innovations
- In June 2024, Traditional Medicine Department at FV Hospital has recently introduced two new techniques – Laser acupuncture and Acupoint injection therapy, to treat musculoskeletal and neurological conditions. The treatmenttechnique utilizes lazer beams combined with traditional acupuncture menthod.
Acupuncture Market Report Insights :
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 113,295.22 Million |
| CAGR (2024-2031) | 17.6% |
| By Treatment |
|
| By End Use Industry |
|
| By Region |
|
| Key Players |
|
| North America | U.S. Canada Mexico |
| Europe | U.K. Germany France Spain Italy Russia Benelux Rest of Europe |
| APAC | China South Korea Japan India Australia ASEAN Rest of Asia-Pacific |
| Middle East and Africa | GCC Turkey South Africa Rest of MEA |
| LATAM | Brazil Argentina Chile Rest of LATAM |
| Report Coverage |
|
Key Questions Answered in the Report
How big is the Acupuncture Market? +
In 2023, the Acupuncture Market was USD 31,203.14 Million.
Which is the Largets region in the Acupuncture Market? +
Asia Pacific is the Largest region in the Acupuncture Market.
Which is the holds the fastest growing market share for Acupuncture Market? +
North America is the fastest growing region in the Acupuncture Market.
What specific segmentation details are covered in the Acupuncture Market? +
Treatment and End-Use Industry are the segments that have been covered in the Acupuncture Market.
Who are the major players in the Acupuncture Market? +
Kate Duggan Acupuncture and Naturopathy (Ireland), JSCM TCM Clinic (London), Care Cure Chinese Medicine & Acupuncture Clinic (Ireland), DR. LOHIYA ACUPUNCTURE (India), Natural Healing Acupuncture Medical Center (Dubai), Kirkland Acupuncture & Integrative Medicine (United States), Mayo Foundation for Medical Education and Research (United States), ZHU’s Neuro-Acupuncture and Rehabilitation Center (United States), Phydos Clinic (United States), Beijing Acupuncture and Herbal Clinic (United States)
