The Global Acupuncture Products market is expected to grow at a moderate rate during the forecast period. Growing awareness and demand for acupuncture products in the healthcare sector is boosting the growth of the global acupuncture products market. An increasing number of incidences of emotional disorders, gynaecological disorders, respiratory conditions and other such diseases that require acupuncture products for the management of the disease leads to expand the growth of the market.
Moreover, favourable government policies in many countries are supporting and boost in number of initiatives for the adoption of acupuncture in the healthcare sector is the important factor expected to boost the growth of the Global Acupuncture Products market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and the high cost of biometrics devices for healthcare along with the challenges associated with the handling and use of biometric devices is likely to hamper the Global Acupuncture Products market during the forecast period.
Covid-19 Impact on Global Acupuncture Products Market:
In addition, the current Global Acupuncture Products Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Acupuncture Products Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Global Acupuncture Products Market Segment Overview
According to Type, the market is segmented into Disposable Acupuncture Products, Non-disposable Acupuncture Products, and Other Acupuncture Products. Among these disposable acupuncture products holds the largest share of the market mainly because these disposables are the need of the hour. Furthermore, due to the advent of various infectious diseases that can spread easily with direct or non-direct contact of an individual patient, has propelled the demand for disposable acupuncture and is hence susceptible to propel the growth of the acupuncture products market in the forecast period.
Based on end user, the market is segmented into wellness centre, hospital and clinic, and others. In addition, hospital segment is anticipated to help the market to gain highest revenue in the coming years. Furthermore, the growth in preference towards hospitals due to availability of the products at lower cost, boosting the demand for global acupuncture products globally.
Market Analysis, Insights and Forecast – By Type
· Disposable Acupuncture Products
· Non-disposable Acupuncture Products
· Other Acupuncture Products
Market Analysis, Insights and Forecast – By Application
· Emotional Disorders
· Digestive Disorders
· Respiratory Conditions
· Alcohol Additions
· Chemotherapy
· Gynecological Disorders
· Others
Market Analysis, Insights, and Forecast – By End-user
· Wellness Centre
· Hospital and Clinic
· Others
Global Acupuncture Products Market Regional Overview
Region-wise, North America dominated the Global Acupuncture Products market and is expected to continue its dominance during the forecast period. Factors such as the rising number of conditions such as emotional disorders, digestive disorders, respiratory conditions and other such diseases occurring in in the region would propel the growth of the market in the coming years. Furthermore, high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, a surge in investment in medical supplies & products, and growing adoption of acupuncture as curative methods for management of various conditions are expected to escalate the growth of the Global Acupuncture Products market in the Asia Pacific region.
Global Acupuncture Products Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Global Acupuncture Products Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Global Acupuncture Products are highlighted below.
· Key players have adopted research and development as the key strategy to cope up with the current market demand. The needles have now improved applications after the continuous research going on for the management of the conditions such as arthritis. The advancement in acupuncture product also include the laser acupunctures which has led to the evolution in the current product portfolio of acupunctures. This would help the acupuncture market grow during the forecast period
Global Acupuncture Products Market, Key Players
· Wuxi Jiajian Medical Instruments
· SuzhouÂAcupunctureÂGoods
· Empecs
· DongbangÂAcupuncture
· Asia-Med
· SEIRIN Corporation
· Suzhou Hualun Medical Appliance
· Cloud and Dragon
· AIK Medical
· 3B Scientific
· AcuMedic
· Boen Healthcare
· Cymedics
· Dana Medical
· MKW Laser System
· Qingdao Great Fortune
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Acupuncture Products Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Disposable Acupuncture Products
- 5.2.2. Non-disposable Acupuncture Products
- 5.2.3. Other Acupuncture Products
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Emotional Disorders
- 5.3.2. Digestive Disorders
- 5.3.3. Respiratory Conditions
- 5.3.4. Alcohol Additions
- 5.3.5. Chemotherapy
- 5.3.6. Gynecological Disorders
- 5.3.7. Others
- 5.4. Market Analysis, Insights and Forecast – By End-user
- 5.4.1. Wellness Center
- 5.4.2. Hospital and Clinic
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Global Acupuncture Products Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Disposable Acupuncture Needles
- 6.2.2. Non-disposable Acupuncture Needles
- 6.2.3. Other Acupuncture Products
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Emotional Disorders
- 6.3.2. Digestive Disorders
- 6.3.3. Respiratory Conditions
- 6.3.4. Alcohol Additions
- 6.3.5. Chemotherapy
- 6.3.6. Gynecological Disorders
- 6.4. Market Analysis, Insights and Forecast – By End-user
- 6.4.1. Wellness Center
- 6.4.2. Hospital and Clinic
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Global Acupuncture Products Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Disposable Acupuncture Needles
- 7.2.2. Non-disposable Acupuncture Needles
- 7.2.3. Other Acupuncture Products
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Emotional Disorders
- 7.3.2. Digestive Disorders
- 7.3.3. Respiratory Conditions
- 7.3.4. Alcohol Additions
- 7.3.5. Chemotherapy
- 7.3.6. Gynecological Disorders
- 7.4. Market Analysis, Insights and Forecast – By End-user
- 7.4.1. Wellness Center
- 7.4.2. Hospital and Clinic
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Global Acupuncture Products Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Disposable Acupuncture Needles
- 8.2.2. Non-disposable Acupuncture Needles
- 8.2.3. Other Acupuncture Products
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Emotional Disorders
- 8.3.2. Digestive Disorders
- 8.3.3. Respiratory Conditions
- 8.3.4. Alcohol Additions
- 8.3.5. Chemotherapy
- 8.3.6. Gynecological Disorders
- 8.4. Market Analysis, Insights and Forecast – By End-user
- 8.4.1. Wellness Center
- 8.4.2. Hospital and Clinic
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Global Acupuncture Products Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Disposable Acupuncture Needles
- 9.2.2. Non-disposable Acupuncture Needles
- 9.2.3. Other Acupuncture Products
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Emotional Disorders
- 9.3.2. Digestive Disorders
- 9.3.3. Respiratory Conditions
- 9.3.4. Alcohol Additions
- 9.3.5. Chemotherapy
- 9.3.6. Gynecological Disorders
- 9.4. Market Analysis, Insights and Forecast – By End-user
- 9.4.1. Wellness Center
- 9.4.2. Hospital and Clinic
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Qingdao Great Fortune
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Wuxi Jiajian Medical Instruments
- 10.6. SuzhouÂAcupunctureÂGoods
- 10.7. Empecs
- 10.8. DongbangÂAcupuncture
- 10.9. Asia-Med
- 10.10. SEIRIN Corporation
- 10.11. Suzhou Hualun Medical Appliance
- 10.12. Cloud and Dragon
- 10.13. AIK Medical
- 10.14. 3B Scientific
- 10.15. AcuMedic
- 10.16. Boen Healthcare
- 10.17. Cymedics
- 10.18. Dana Medical
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
