Market Overview:
Acupuncture has been shown to be effective in relieving muscle tension and chronic pain by improving blood circulation throughout the body. Acupuncture has demonstrated excellent results in the treatment of mental stress, PCOS, PMS, infertility, menopause, and other hormonal imbalances. the acupuncture market is expected to exceed USD 24551.6 Mn. The Acupuncture Market Research Report predicts a 14.50 percent CAGR by 2027. Since November of 2019, the global prevalence of COVID-19 has stifled the world's economy, social life, and politics. We have lost manpower, local businesses, corporations, and so on. To contain the virus in local areas, the world had to go into complete lockdown. Because of the virus's unknown effect and cure, travel and communication were completely prohibited.
Acupuncture Market is the practice of using thin metallic needles to penetrate human skin and create an energy flow known as 'Qi' to improve overall human health by stimulating the central nervous system. It is believed that the human body contains over 2000 acupuncture points through which energy flow can be regulated, and that interfering with the acupuncture procedure can result in illness. Medical companies and medical college research and development departments have expressed a strong interest in the acupuncture analyzing department. Acupuncture has seen market growth in recent years as more people invest in less invasive traditional therapies.
Regional Classification:
When it comes to unhealthy lifestyles and obesity, the American population ranks first, with more than 80 percent of the population obese and 20 percent suffering from chronic disease. As a result, most people in American cities have switched to acupuncture therapy, propelling the country to the forefront of acupuncture device manufacturers and clinical and hospital trials. European countries such as Germany, France, and Italy have shown a strong interest in adapting to sedentary lifestyles and secondary modes of medication through Chinese acupuncture and yoga therapies, making Europe the world's second most invested region in the acupuncture market.
Market Segmentation:
By Type: Acupuncture clinics are classified according to the type of needles used, which can be non-disposable or disposable. Needles made of plastic and non-reusable materials are generally discarded because reusing them can cause serious health problems in a variety of patients. Needles and silver can be reused.
By vertically: The acupuncture market is divided into vertical segments based on the locations where acupuncture is practiced. The vertical segmentation of the acupuncture market includes all hospitals, community centers and foundations, acupuncture clinics, and clinical trial clinics.
By Services include: Although Chinese acupuncture marketing is the most well-known form of acupuncture, many other countries have their own methods and approaches to studying and practicing acupuncture.
Industry News:
Wuxi Jiajian Medical Instruments Co. Ltd., SIRIN Corporation, 3B Scientific GmbH, International, Acumedic Limited, Asia-Med Gmbh, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, and MKW Laser System GmbH are the major players in this market. Asia-Pacific is one of the fastest-growing markets, and businesses are seizing the opportunity and looking to expand their operations in this region.
Competitive Landscape:
Earlier most of the companies were invested in oriental nations like China, Japan, Korea, Vietnam, etc. to manufacture needles made of silver, gold, and stainless steel. But, with today’s growth of unhealthy lifestyles across the world these companies have invested globally shifting to developed regions as was a well-making market for traditional therapies. Governments across the world have also invested in clinical trials to advance the effects of acupuncture therapy. Many key players included in the world of acupuncture market are Wuxi Jiajian Medical Instruments Co. Ltd., Zepter International, Acumedic Limited, 3B Scientific GmbH, Asia-Med Gmbh, Schwa-medico GmbH, Qingdao Great Fortune Co. Ltd, SIRIN Corporation, MKW Laser System GmbH. With more people being inclined towards allopath etic and traditional treatments acupuncture market is on verge of global domination as compared to the invasive form of treatment.
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