Acupuncture is a traditional Chinese medicine (TCM) technique that involves the insertion of thin needles into specific points on the body. It is believed that acupuncture helps to restore the flow of qi (energy) in the body, which can improve health and well-being.
The market growth is attributed to factors such as increasing prevalence of chronic diseases, growing awareness about the benefits of acupuncture, and rising disposable income. Acupuncture is used to treat a wide range of conditions, including chronic pain, headaches, migraines, nausea, vomiting, and digestive problems. It is also used to improve sleep quality, reduce stress, and boost the immune system.
Executive Summary:
The global acupuncture market is experiencing steady growth, driven by increasing awareness of alternative and complementary therapies, a growing emphasis on holistic health, and the pursuit of non-invasive treatment options for various health conditions. Acupuncture, an ancient healing practice originating in China, has gained popularity worldwide and is being integrated into modern healthcare systems.
Key Players
Key players in the acupuncture market include licensed acupuncturists, clinics, hospitals, and wellness centers. Some prominent organizations in this market include:
• Acunova
• Acupuncture Products, Inc.
• Acumed International, LLC
• Alivio Medical
• Asahi Medical Co., Ltd.
• BTL Industries, Inc.
• Cynosure, Inc.
• DeRoyal Industries
• Ellman International, Inc. and many moe
Recent Developments:
Here are some recent developments of companies in the global acupuncture market, with year: 2023
• Seirin Corporation launched its new AcuWave® disposable acupuncture needles, which are designed to provide more comfortable and effective acupuncture treatments.
• Suzhou Hualun Medical Appliances Co., Ltd. announced its plans to expand its production capacity for acupuncture needles by 20%.
• 3B Scientific GmbH launched its new AcuPoint Model, which is a digital model of the human body that can be used to teach and learn about acupuncture points.
Attractive Investment Opportunities
The following are some of the attractive investment opportunities in the global acupuncture market:
• Investment in the development of new and improved acupuncture treatments
• Investment in the expansion of production capacity of acupuncture equipment
• Investment in the development of new applications for acupuncture
• Investment in the development of new markets for acupuncture