Acupuncture Needles Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Global Acupuncture Needles Market: Overview
A rise in the incidence of various chronic diseases such as obesity, diabetes, and various autoimmune diseases is likely to foster growth of the global acupuncture needles market over the timeframe of analysis, from 2019 to 2029. In addition, increased adoption of sedentary and unhealthy lifestyles, smoking, and consumption of alcohol are some of the leading factors contributing toward prevalence of several chronic diseases, such as diabetes. This factor is estimated to drive the demand for acupuncture needles in the years to come.
In accordance with the report titled National Diabetes Statistic Report 2017, published by Centers for Disease Control and Prevention (CDC), nearly 100 million people in the US are suffering from pre-diabetes or diabetes conditions. Such a huge base of diabetic patient is likely to emerge as a growth factor for the global acupuncture needles market in the years to come.
Product, material, end use, and region are the four key parameters based on which the global acupuncture needles market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.
Global Acupuncture Needles Market: Notable Developments
The global acupuncture needles market has witnessed significant developments in the recent years. One of such developments pertaining to the market is mentioned below:
Some of the key players in the global acupuncture needles market comprise the below-mentioned:
Global Acupuncture Needles Market: Key Trends
The following drivers, restraints, and opportunities characterize global acupuncture needles market over the assessment period, from 2019 to 2029.
Increased Prevalence of Chronic Diseases is Likely to Bolster Demand in the Market
Acupuncture is considered advantageous in the management of pain inflicted by chemotherapy process. Rise in the number of cancer cases across the globe drives the need for chemotherapy processes, which is anticipated to foster growth of the global acupuncture needles market over the timeframe of analysis, from 2019 to 2027. Increasing number of patients opt for traditional techniques of treatment. In addition, acupuncture therapy does not come with serious side effects, thereby generating considerable demand for the therapy. This factor is likely to trigger growth of the global acupuncture needles market in the near future.
There has been a rise in the number of surgeries, thanks to the augmented prevalence of chronic conditions. Usually surgical wounds are large, painful and are deep. In cases such as this, acupuncture offers effective relief and alleviates pain in patients. Acupuncture also assist in conquering post-surgical trauma, which is likely to augur well for the global acupuncture needles market over the timeframe of analysis, from 2019 to 2029.
Global Acupuncture Needles market: Geographical Analysis
Asia Pacific is estimated to dominate the global acupuncture needles market over the timeframe of analysis, from 2019 to 2029. The region is driven by countries like Japan, India, and China, where acupuncture is a popular practice and the services are availed by many. In China, it is a traditional treatment and has its roots in ancient times. Medical tourism is thriving in Asia Pacific, particularly in countries like China, India, Thailand, and so on. With the flourishing of medical tourism, accupunture services are estimated to gather considerable popularity in this region.
The global acupuncture needles market is segmented as:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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