Global Acupuncture Market to Reach USD 113,295.22 Million by 2031 | CAGR of 17.6%
Category : Healthcare | Published Date : Nov 2024 | Type : Press Release
Acupuncture Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that The Acupuncture Market was valued at USD 31,203.14 Million in 2023 and is projected to reach USD 113,295.22 Million by 2031, growing at a CAGR of 17.6% from 2024 to 2031. Acupuncture is a therapeutic method that involves inserting thin needles into specific points on the skin to stimulate the central nervous system. This stimulation is believed to release biochemicals in the muscles, spinal cord, and brain, promoting natural healing processes that benefit both physical and emotional health. Widely used for pain relief, acupuncture is also utilized for stress management and the treatment of various ailments, including arthritis, headaches, and skin disorders.
The report comprises the Acupuncture Market Share, Size & Industry Analysis, By Treatment (Arthritis, Diabetes, Allergies, Anxiety, Depression, Others), By End-Use Industry (Healthcare, Skin Care, Personal Care, Sports, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2024–2031.
The report contains detailed information on Acupuncture Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraint or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing global preference for acupuncture as a safe, effective treatment for pain relief is a key driver of market growth, while competition from alternative therapies restricts its widespread adoption.
Segmental Analysis :
By Treatment, the market is segmented into arthritis, diabetes, allergies, anxiety, depression, and others.
- Arthritis accounted for the largest market share of 39.87% in 2023 due to the effectiveness of acupuncture in pain relief and inflammation reduction, offering a popular treatment option for arthritis patients.
- Psychological Disorders, including anxiety and depression, are anticipated to grow at the fastest CAGR during the forecast period. Acupuncture assists in mood regulation by releasing endorphins, which can help alleviate symptoms of mental health issues.
By End-Use Industry, the market is categorized into healthcare, skin care, personal care, sports, and others.
- Healthcare dominated the market in 2023, supported by the effectiveness of acupuncture in treating chronic pain, mental health conditions, and various health issues.
- Skin Care is expected to register the highest CAGR, as cosmetic acupuncture gains traction as a natural, non-surgical alternative to enhance skin health, reduce wrinkles, and promote collagen production.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America held the largest market share in 2023 at 39.72%, with the U.S. accounting for a significant portion as individuals increasingly adopt acupuncture as an alternative to conventional treatments.
- Asia-Pacific is projected to grow at the highest CAGR of 18.3%, driven by a high prevalence of arthritis and growing acceptance of acupuncture for treating rheumatoid arthritis in countries like China and Japan.
| Report Attributes | Report Details |
| Study Timeline | 2018-2031 |
| Market Size in 2031 | USD 113,295.22 Million |
| CAGR (2024-2031) | 17.6% |
| By Treatment | Arthritis, Diabetes, Allergies, Anxiety, Depression, Others |
| By End-Use Industry | Healthcare, Skin Care, Personal Care, Sports, Others |
| By Region | 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 & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The acupuncture market is highly competitive, with key players focusing on R&D and expanding their service offerings to meet growing demand.
List of prominent players in the Acupuncture Industry:
- 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 :
- In June 2024, FV Hospital introduced laser acupuncture and acupoint injection therapy, combining traditional acupuncture with laser technology to treat musculoskeletal and neurological conditions effectively.
