Market Overview:
The global acupuncture treatment instrument market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising awareness about the benefits of acupuncture, and technological advancements in acupuncture treatment instruments. Based on type, the global acupuncture treatment instrument market can be segmented into multifunctional devices and single function devices. The multifunctional device segment is expected to account for a larger share of the market than the single function device segment during the forecast period. This can be attributed to its ability to perform multiple functions such as stimulation, massage, and heat therapy. Based on application, the global acupuncture treatment instrument market can be divided into hospital and clinic settings. The hospital setting is expected to account for a larger share of this market than clinics duringthe forecast period owingtoits higher adoption rates in developed countriesand growing demand for alternative therapiesin emerging economies .
Product Definition:
An acupuncture treatment instrument is a tool used in acupuncture to puncture the skin and stimulate the body's meridian points. Acupuncture treatment instruments come in many different shapes and sizes, but all share one common goal: to help practitioners more accurately target specific points on the body. Acupuncture treatment instruments are an important part of any acupuncturist's toolkit, as they allow for more precise stimulation of meridian points and can help improve patient outcomes.
Multifunctional Device:
Multifunctional devices are those that have more than one therapeutic application. For instance, a device that can treat pain, heat and cold can be termed multifunctional. On the other hand, a device such as acupuncture which has been used for thousands of years to treat pain is not considered multifunctional since it only treats one symptom at a time (for example; relief from toothache only helps in reducing ache).
Single Function Device:
Single-function devices are used in acupuncture treatment for one specific function. For instance, a device that only generates heat would be termed as single-function device. On the other hand, devices such as electroacupuncture analgesia (EA) and electroacupuncture tibial nerve stimulation (EATN) which have multiple functions including pain relief, but not temperature regulation would be termed as multi-functional devices.
Application Insights:
Based on application, the global acupuncture treatment instrument market is segmented into hospital, clinic and others. The hospital segment dominated the overall market in terms of revenue in 2017 due to increasing prevalence of chronic diseases and rising number of surgeries. According to WHO, around 1 billion people suffer from chronic diseases worldwide which accounts for nearly 9% of the total population. Furthermore, according to a study published by NCBI in 2018, it was estimated that around 60 million people die every year due to cancer globally which accounts for nearly 2% mortality rate globally.
Regional Analysis:
North America dominated the global acupuncture treatment instrument market in 2017. This is due to the presence of a large number of manufacturers and distributors, high disposable income, and availability of insurance coverage for treatments. The Asia Pacific region is expected to witness lucrative growth over the forecast period owing to increasing awareness about alternative therapies such as acupuncture among patients, increasing disposable income levels especially in developing countries like China & India and rising healthcare expenditure by governments.
The Asia Pacific region comprises various traditional medicine practitioners who use needles for healing purposes along with physicians who use these instruments during medical procedures that require precision or delicate handling. Thus it can be concluded that traditional acupuncture points are being used more often in this region than ever before thus fueling market growth through 2018.
Growth Factors:
- Increasing demand for acupuncture treatment as an alternative to conventional medicine
- Growing awareness about the benefits of acupuncture treatment
- Rising number of acupuncturists worldwide
- Technological advancements in acupuncture treatment instruments
- Increasing funding for research and development on acupuncture treatment
Scope Of The Report
Report Attributes
Report Details
Report Title
Acupuncture Treatment Instrument Market Research Report
By Type
Multifunctional Device, Single Function Device
By Application
Hospital, Clinic
By Companies
NEO, Zepter, Beijing Sunto, Huahang Medical, Wuxi Jiajian Medical, Yangzhou Kaida Medical, Changzhou Yingdi Electronic, Jining Jiake Medical, Dongguan South Star
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Acupuncture Treatment Instrument Market Report Segments:
The global Acupuncture Treatment Instrument market is segmented on the basis of:
Types
Multifunctional Device, Single Function Device
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NEO
- Zepter
- Beijing Sunto
- Huahang Medical
- Wuxi Jiajian Medical
- Yangzhou Kaida Medical
- Changzhou Yingdi Electronic
- Jining Jiake Medical
- Dongguan South Star
Highlights of The Acupuncture Treatment Instrument Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Multifunctional Device
- Single Function Device
- By Application:
- Hospital
- Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Acupuncture Treatment Instrument Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Acupuncture treatment instrument is a device that helps to stimulate acupuncture points.
Some of the key players operating in the acupuncture treatment instrument market are NEO, Zepter, Beijing Sunto, Huahang Medical, Wuxi Jiajian Medical, Yangzhou Kaida Medical, Changzhou Yingdi Electronic, Jining Jiake Medical, Dongguan South Star.
The acupuncture treatment instrument market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Acupuncture Treatment Instrument Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Acupuncture Treatment Instrument Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Acupuncture Treatment Instrument Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Acupuncture Treatment Instrument Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Acupuncture Treatment Instrument Market Size & Forecast, 2018-2028
4.5.1 Acupuncture Treatment Instrument Market Size and Y-o-Y Growth
4.5.2 Acupuncture Treatment Instrument Market Absolute $ Opportunity
Chapter 5 Global Acupuncture Treatment Instrument Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Acupuncture Treatment Instrument Market Size Forecast by Type
5.2.1 Multifunctional Device
5.2.2 Single Function Device
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Acupuncture Treatment Instrument Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Acupuncture Treatment Instrument Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Acupuncture Treatment Instrument Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Acupuncture Treatment Instrument Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Acupuncture Treatment Instrument Analysis and Forecast
9.1 Introduction
9.2 North America Acupuncture Treatment Instrument Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Acupuncture Treatment Instrument Market Size Forecast by Type
9.6.1 Multifunctional Device
9.6.2 Single Function Device
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Acupuncture Treatment Instrument Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Acupuncture Treatment Instrument Analysis and Forecast
10.1 Introduction
10.2 Europe Acupuncture Treatment Instrument Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Acupuncture Treatment Instrument Market Size Forecast by Type
10.6.1 Multifunctional Device
10.6.2 Single Function Device
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Acupuncture Treatment Instrument Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Acupuncture Treatment Instrument Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Acupuncture Treatment Instrument Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Acupuncture Treatment Instrument Market Size Forecast by Type
11.6.1 Multifunctional Device
11.6.2 Single Function Device
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Acupuncture Treatment Instrument Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Acupuncture Treatment Instrument Analysis and Forecast
12.1 Introduction
12.2 Latin America Acupuncture Treatment Instrument Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Acupuncture Treatment Instrument Market Size Forecast by Type
12.6.1 Multifunctional Device
12.6.2 Single Function Device
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Acupuncture Treatment Instrument Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Acupuncture Treatment Instrument Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Acupuncture Treatment Instrument Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Acupuncture Treatment Instrument Market Size Forecast by Type
13.6.1 Multifunctional Device
13.6.2 Single Function Device
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Acupuncture Treatment Instrument Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Acupuncture Treatment Instrument Market: Competitive Dashboard
14.2 Global Acupuncture Treatment Instrument Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NEO
14.3.2 Zepter
14.3.3 Beijing Sunto
14.3.4 Huahang Medical
14.3.5 Wuxi Jiajian Medical
14.3.6 Yangzhou Kaida Medical
14.3.7 Changzhou Yingdi Electronic
14.3.8 Jining Jiake Medical
14.3.9 Dongguan South Star
