Global Electric Acupuncture Devices Market Demand is anticipated to be valued at US$ 12.9 Million in 2022, forecast a CAGR of 7.2% to be valued at US$ 27.8 Million from 2022 to 2032. From 2016-2021 a CAGR of 8.4% was registered for the electric acupuncture devices market.
Electric Acupuncture Devices Market: Drivers and Restraints
Electric acupuncture devices are conventional treatment technique with a wide range of treatment applications. It is most effective treatment with fewer to no side effects when compared to drug therapies. Electric acupuncture has proven to relieve the pain, promote the blood flow and remove stasis. Recent studies indicated that it also effective to improve the gut health particularly in-case of chronic constipation. It also found that electric acupuncture devices improved the hypothalamic functional connectivity and help in mesenchymal stem cell release into the bloodstream. When compared to other treatment options, electric acupuncture is less invasive and cost-effective. It also supported by the rapid advancement of technologies, which enabled electric acupuncture devices with real-time control of pulsating electric frequencies. All these factors boosted the burgeoning growth of electric acupuncture devices.
Due to lack of substantial data for the benefit of electric acupuncture devices, the adoption rate of devices are affected and it restrained the growth of the market.
Electric Acupuncture Devices Market: Segmentation
Segmentation based on Indication
Neurological Conditions
Gastrointestinal Conditions
Skeletomuscular Conditions
Others
Segmentation based on Indication
Hospitals
Clinics
Homecare
Read More@ https://www.futuremarketinsights.com/reports/electric-acupuncture-devices-market
Electric Acupuncture Devices Market: Market Overview
Global Electric Acupuncture Devices market has witnessed a robust growth due to increasing demand for devices. They are cost effective and improve the disease condition with limited side effects. Electric Acupuncture Devices market has a presence of a few players which have a huge market share in developed countries operating at the country level. There are huge opportunities for the untapped markets across the world due to potential benefits of Electric Acupuncture Devices. The key players in the Electric Acupuncture Devices market are mainly focused on R&D to accelerate the development due to a limited number of manufactures. The future of Electric Acupuncture Devices market anticipated with double CAGR during forecasting period.
Electric Acupuncture Devices Market: Key Participants
The key participants in the Electric Acupuncture Devices market mainly include Cymatics, Haifu Medical Technology Co., Ltd., and others. Companies are mainly focused on R&D to strengthen product development.
Global Acupuncture Market Research Report: By Product & Services (Services, Product), Application (Pain Syndrome Illnesses, Gynecological Disorders, Others), by End-User (Wellness Center, Hospitals & Specialty Clinics, Others) Global Forecast Till 2027Market Insights:As per the report published by Market Research Future (MRFR), the global acupuncture market is anticipated to garner a notable CAGR of 14.50% over the assessment period of 2018 to 2023 and earn revenues worth USD 55323.8 million by 2023.The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy.
Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain.
The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people.
MRFR identifies these factors as market driver that are anticipated to impel the acupuncture market growth over the evaluation period.Key Players:Cymedics GmbH & Co. KG, Ltd, Schwa-medico GmbH, 3B Scientific GmbH, SEIRIN Corporation, Zepter International, Qingdao Great Fortune Co., Ltd., AcuMedic Ltd, asia-med GmbH, Wuxi Jiajian Medical Instruments Co., MKW Laser system GmbH are companies operating in the acupuncture market.Industry News:In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.Segmental Overview:The acupuncture market’s segmental analysis provides a compendious understanding of the market that allows identification of new growth windows.
The acupuncture market study has been segmented into application, end-user, and product and services.On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others.
The increase in number of wellness centers owing to the increase in adoption of acupuncture as an effective alternative medicine, the wellness centers segment is likely to boost the market growth.On the basis of product and services, the acupuncture market study has been segmented into products and services.
Market Insights:As per the report published by Market Research Future (MRFR), the global acupuncture market is anticipated to garner a notable CAGR of 14.50% over the assessment period of 2018 to 2023 and earn revenues worth USD 55323.8 million by 2023.The alternative medicine approach in which thin needles are inserted into the skin at strategic points of the body with the sole intention of pain management is termed acupuncture therapy.
Gynecological disorders like PCOS, dysmenorrhea, and pregnancy cause pain.
The non-invasive feature of acupuncture therapy is aiding in gaining popularity among people.
Industry News:In May 2019, Ashley Piderman and Christy Berger, two registered acupuncturists, launched Community Acupuncture in Vernon, that operates weekly.
The acupuncture market study has been segmented into application, end-user, and product and services.On the basis of application, the acupuncture market study has been segmented into pain syndrome illnesses, psychological illnesses, gynecological disorders, and others.
The product segment is further narrowed down to rod lasers, laser needle, needles, and laser pens, suction cups, electro-acupuncture device, and others.
Acupuncture is an ancient Chinese medical technique that makes use of needles to alleviate pain, cure some other ailments.
Western proponents and critics of this technique think pain alleviation can be attributed to stimulation of nerves at specific points in the body, owing to which the body releases specific pain neutralizing components.
It further notes that from 2020 to 2030, numerous growth avenues will mark their presence in the global acupuncture market landscape.Read Report Overview - https://www.transparencymarketresearch.com/acupuncture-market.htmlGlobal Acupuncture Market: Competitive LandscapeManufacturers of acupuncture needles were earlier concentrated mainly in the oriental nations, but today globalization has brought it forward into the other parts of the world.
These manufacturers recognize the increasing demand for acupuncture by a global population that is increasingly turning on alternative medicine for intractable conditions.
Though effective for minor painful conditions like muscle spasms, joint pains, menstrual cramps and the like, it is majorly ineffective for severe pain as seen in various chronically debilitating conditions like cancer.
Also, insertion of needles requires proper sterilization to prevent infections, and the practitioner of this technique must be properly trained so as to not do harm instead of good.
