Acupuncture Market Overview
The acupuncture market is expected to reach US$24551.6 million at a CAGR of 14.50% during the forecast period. Acupuncture is a process in which traditional Chinese medicine is practiced by using thin metal needles that penetrate the human skin, eventually creating a flow of energy. This process improves overall human health as it stimulates the central nervous system. In recent years, medical companies and research and development departments have shown greater interest in acupuncture treatments, leading to the growth of acupuncture acupuncture market.
Due to busy schedules and longer working hours, people started adopting an unhealthy lifestyle, which has become a major area for health problems. Common physical problems like insomnia, body aches, back pain, headaches, obesity, alcohol addiction and menstrual cramps in women are some of the major problems caused by unhealthy lifestyle.
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The acupuncture process has shown positive and lasting effects on these problems. When practiced with other forms of exercise such as running, yoga, walking and meditation, a better result can be expected. This has resulted in the acupuncture market continuing to grow.
During the pandemic, the acupuncture market has been beneficial for relieving COVID-19 symptoms such as nausea, shortness of breath, vomiting, insomnia and other respiratory problems. Clinical trials were conducted during the pandemic year to analyze its effectiveness.
Acupuncture Market Segmentation
The acupuncture market is divided into different segments: product and services, application and end user.
The application segment consists of pain syndrome diseases, gynecological diseases and others.
The type segment of the market basically deals with the needles used, such as: B. Disposable and disposable needles. Needles made of plastic and non-reusable materials are disposable, while the needles made of silver, gold and steel are reusable through sterilization with disinfectants and alcoholic liquids.
The vertical or end-user segment of the market includes hospitals, acupuncture clinics, local centers and foundations, and clinical trial clinics.
In the service sector, Chinese acupuncture is the most studied and applied. But many countries have their own methods and ways of practicing acupuncture. Japanese and Korean acupuncture are also known for using laser-based invasions into human muscles to release pain from the body part.
Acupuncture Market Regional Analysis
The acupuncture market includes prominent continents such as America, Europe, Asia-Pacific, Middle East and Africa.
In America, acupuncture therapy is heavily used due to the maintenance of unhealthy lifestyle, leading to an increase in the number of chronic diseases and cases of obesity. Players also conduct more clinical and hospital studies for improvement.
European countries like France, Germany and Italy are adopting heavily sedentary lifestyles and secondary medications in relation to Chinese acupuncture and yoga therapies. This region is considered to be the second most investing region in the world in the acupuncture market.
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Asia-Pacific regions such as China, Japan, India, Korea are the inventors of acupuncture therapy, causing the acupuncture market in this region to see significant growth.
Acupuncture Industry News
WHO has signed an agreement with the Government of India to establish a global center for traditional medicine in the country, incorporating ancient practices such as acupuncture, Ayurvedic medicine and herbal formulas, as well as modern medicines.
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