The global acupuncture needles market is projected to reach USD 308 million by 2027 from USD 240 million in 2022, at a CAGR of 5.1% during the forecast period. Growth in this market is driven by the increasing prevalence of chronic diseases such as cancer and diabetes and the increasing prevalence of back, muscle, and neck pain.
The key players in this market are Boen Healthcare Co., Ltd. (China), 3B Scientific GmbH (Germany), Suzhou Zhongjing Life & Science Technology Co., Ltd. (China), Wuxi Jiajian Medical Instruments Co., Ltd. (China), AcuMedic Ltd. (UK), Changchun AIKANG Medical Devices Co., Ltd. (China), HEGU Svenska AB (Sweden), Suzhou Hualun Medical Appliance Co., Ltd. (China), asia-med GmbH (Germany), SEIRIN Corporation (Japan), DongBang Medical Co., Ltd. (South Korea), Haeng Lim Seo Won Medical Company (South Korea), Suzhou Medical Appliance Factory (Suzhou Hwato) Co., Ltd. (China), Shinylink (Shanghai) Industrial Inc. (China), schwa-medico GmbH (Germany), Phoenix Medical Ltd. (UK), EU PEAK International Co., Ltd. (Taiwan), Meridius Medical GmbH (Germany), and Dana Medical (South Korea).
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Seirin Corporation (Japan) accounted for one of the top players of the acupuncture needles market. Its investments in R&D to optimize its portfolio help fuel its future growth and ability to remain competitive. Seirin operates in Japan, Germany, China, and the US (Seirin-America, Inc.) which will enhance its reach in the acupuncture needles market.
In the acupuncture needles market, Suzhou Hualun Medical Appliance Co., Ltd. accounted for one of the top players of the acupuncture needles market. The company specializes in the manufacturing of disposable acupuncture needles, electronic acupuncture treatment instruments, seven-star needles, press needles, intradermal needles, cupping jars, and bamboo jars, among other products.
Boen Healthcare was one of the top players of the acupuncture needles market. The company's strong distribution network has helped it gain a significant market share. The company has increased its focus on R&D activities to develop unique and better products than its competitors. Its strong investments in developing innovative products have helped Boen Healthcare Co., Ltd. become a reputed player in the acupuncture needles market.
Acupuncture Needles Market by Type (Disposable, Non-disposable), Handle Material (Stainless-steel, Gold), End User (Clinics, Hospitals), Distribution Channel (Online Pharmacies, Hospital Pharmacies, Retail Pharmacies) & Region - Global Forecast to 2027
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