According to FutureWise analysis the market for acupuncture is expected to register a CAGR of 14.30% from 2023-2031.
Acupuncture is a CAM (Complementary and Alternative Medicine) therapy that effectively treats various conditions, such as chronic pain, anxiety, and depression. The traditional medical practice of acupuncture dates back more than 2,000 years to China. It entails inserting tiny, sterilized needles into predetermined body sites called acupoints or acupuncture points. It is said that the vital energy known as Qi runs through these acupoints, which are connected passageways. Acupuncture seeks to balance and improve the Qi's flow within the body. Traditional Chinese Medicine (TCM) states that Qi flow abnormalities or obstructions can bring on disorders and illnesses. Acupuncture promotes the body's natural healing processes, restores harmony to the flow of Qi, and improves overall health and well-being by placing needles into the correct acupoints. The concept of meridians, which are specific pathways in the body through which Qi travels, serves as the foundation for acupuncture. Numerous organs and biological processes are related to these meridians. These meridians contain acupoints, and each one has a unique therapeutic function.
The global acupuncture market is the market for acupuncture services and associated goods. In recent years, acupuncture has significantly increased in popularity across the globe. This is attributed to the rising popularity of non-invasive and drug-free treatment options and the growing acceptance and acknowledgment of complementary and alternative medicine practices. For instance, Suzhou Medical Instruments has created an entirely novel type of biodegradable acupuncture needle. The risk of infection is decreased because the needles are designed to dissolve in the body after being placed.
FutureWise Market Research has published a report that provides an insightful analysis of the Acupuncture Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes the stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the Acupuncture Market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition to providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organization to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.