Acupuncture Treatment Market

Acupuncture Treatment Market Outlook (2024 to 2034)

According to a new Fact.MR report, the acupuncture treatment market size is estimated at US$ 44.55 billion in 2024. Global demand for acupuncture treatment is predicted to increase at 12.3% CAGR and reach a market value of US$ 141.51 billion by 2034-end.

Rising adoption of acupuncture by chiropractors, doctors, physiotherapists, and other healthcare providers in their practices is contributing to increased revenue streams for acupuncture treatment market players. Acupuncture is becoming popular in numerous Western countries due to its integration into popular healthcare systems. More patients are demanding alternative and complementary therapies, particularly for stress reduction, improving overall health, and pain management.

Key Market Growth Drivers

• Ongoing R&D activities into the mechanism and effectiveness of acupuncture treatment help in the validation of its therapeutic benefits. Several scientific shreds of evidence support the effectiveness of these treatment options for several medical conditions, which is further contributing to increased acceptance of treatment options.
• Constant innovations taking place in acupuncture treatment equipment and techniques, including electronic acupuncture and laser acupuncture devices, ensure their comfort and accessibility and appeal to a larger base of healthcare providers and patients.

Several government institutions and regulatory bodies are recognizing acupuncture as a legitimate treatment form. This is predicted to help improve quality as well as ensure the safety and standardization of acupuncture practices. In addition, the globalization of conventional medicinal practices is predicted to result in increased adoption and awareness about acupuncture outside its cultural contexts. These factors are projected to contribute to the acupuncture treatment market trends over the next decade.

• Demand for acupuncture treatment services in the United States is predicted to increase at a CAGR of 10% and reach a market value of US$ 28.53 billion by the end of 2034.
• Sales of acupuncture treatment solutions in East Asia are projected to advance at 10.3% CAGR and reach US$ 35.5 billion by 2034-end.
• Revenue from acupuncture treatment in South Korea is estimated at US$ 1.96 billion in 2024.

Report Attributes	Details
Acupuncture Treatment Market Size (2024E)	US$ 44.55 Billion
Forecasted Market Value (2034F)	US$ 141.51 Billion
Global Market Growth Rate (2024–2034)	12.3% CAGR
East Asia Market Share (2034F)	25.1%
Canada Market Value (2034F)	US$ 4.53 Billion
Japan Market Value (2034F)	US$ 12.62 Billion
Needle Acupuncture Segment Value (2024E)	US$ 20.21 Billion
Market Share of Musculoskeletal Conditions (2024E)	47.1%
Key Companies Profiled	TCM Australia Jingshen TMC Clinic, U.K. ACTCM, U.S. PRTCM, Ireland NZCMAS, New Zealand ChinaMed Charlottesville ATCM, U.K. Beijing Acupuncture and Herbal Clinic ETCMA, U.K. Flow Acupuncture & Osteopathy

What’s Significantly Contributing to Acupuncture Treatment Market Growth?

“Rising Government Support for Acupuncture and Increasing Incidence of Chronic Conditions”

In recent years, several treatment options have been available for multiple indications, which include complementary therapies and physical therapy. There are side effects related to the adoption of medications to treat some disorders, including pain management in cancer patients or mental health indications.

Adverse effects associated with the intake of medication are predicted to pose serious concerns to the safety of patients and can sometimes present uncomfortable symptoms, including dizziness or sleepiness to impaired coordination. In addition, a low respiratory rate also indicates the chance of potential overdose. The adoption of complementary medicines is attributed to the absence of related complexities with drug interaction. Therefore, acupuncture therapy is considered a relatively risk-free service for pain management.

Increasing incidences of musculoskeletal diseases are projected to contribute to the rising demand for the management of medical conditions.

• According to a fact sheet published by the World Health Organization, worldwide cases of musculoskeletal diseases reached 1.71 billion in 2021.

These cases are forecasted to propel the demand for acupuncture treatment in the coming decade. In addition, several government bodies are taking initiatives to support the adoption of alternative therapies. These bodies display strategic positioning to enable networking, linkages, and access to local needs. Further, local governments are also procuring resources to create development plans oriented on socioeconomic factors through education and training courses.

“Increasing Need for Alternative Medical Therapy”

Acupuncture is frequently used in palliative and supportive care to address cancer symptoms. This procedure can be regarded as an effective palliative therapy against cancer, especially in clinical conditions that have limited traditional treatment options.

Use of several advanced acupuncture approaches, including laser acupuncture and magnetic acupuncture, can help healthcare providers offer patients better treatment facilities. Integrative medicine focuses on collaborative approaches for the effective care of patients, which include conventional therapies with alternative methods in a well-organized manner. Collaboration between several medical practices and acupuncture treatment offers huge potential for service providers.

What’s Adversely Affecting the Acupuncture Treatment Business Landscape?

“High Cost of Acupuncture Treatment and Lack of Reimbursement Policies”

Application of acupuncture treatment is increasing. However, certain factors are significantly reducing their adoption. A lack of beneficial reimbursement policies for patients is estimated to adversely impact expansion opportunities. Furthermore, the limited availability of compensation policies for acupuncture is forecasted to give rise to higher expenditure for patients, which is negatively impacting market growth opportunities.

How are Start-ups Establishing Themselves in This Competitive Market?

“Catering to Rising Demand for Complementary Therapies with Non-pharmacological Approaches”

In recent years, there has been a significant increase in the demand for complementary and alternative therapies. Acupuncture is becoming popular among healthcare professionals and patients. Patients, who are looking for non-pharmacological approaches to their health issues, including stress reduction, pain management, and overall well-being can opt for acupuncture treatment options. New entrants can come up with innovative techniques, technologies, or equipment to improve the overall experience of patients.

Country-wise Insights

According to the report by Fact.MR, a market research and competitive intelligence provider, the Asia Pacific region is predicted to contribute significantly to global market revenue owing to the presence of well-established players. In addition, the rising adoption of acupuncture in Japan, China, etc., as a conventional treatment option is also contributing to market expansion.

What are Acupuncture Treatment Providers in the United States Benefitting From?

“Increasing Preference for Alternative Palliative Care Facilities”

Attribute	United States
Market Value (2024E)	US$ 11.01 Billion
Growth Rate (2024 to 2034)	10% CAGR
Projected Value (2034F)	US$ 28.53 Billion

The United States is forecasted to account for 82.4% of regional market revenue by the end of 2034. A large number of people in the United States are suffering from chronic conditions, which is anticipated to lead to the adoption of palliative and supportive care within the country. Increasing clinical and scientific studies are predicted to support the effectiveness of acupuncture treatment for pain management and relief.

Why is Demand for Acupuncture Treatment Rising in Germany?

“Recognition of Acupuncture Treatment as Additional Medical Qualification”

In the European region, Germany is one of the prominent 12 member states that have acupuncture as a peculiar therapeutic system. Further, the European Medical Association recognized acupuncture as an additional qualification in the medical sector, thus promoting growth opportunities in the market.

Why Does China Hold the Central Position in the East Asian Market?

“Presence of Supportive Conventional Healthcare Facilities”

Attribute	China
Market Value (2024E)	US$ 6.51 Billion
Growth Rate (2024 to 2034)	10.2% CAGR
Projected Value (2034F)	US$ 17.24 Billion

China is estimated to hold 49.1% share of regional market revenue in 2024. This prominence of China in East Asia is owing to the presence of supportive conventional medicine techniques in the country, which are widening the application scope of acupuncture treatment. China is experiencing an increase in the number of moxibustion and acupuncture practitioners, which is further driving opportunities for players in the country.

Category-wise Insights

As per this Fact.MR report, demand for needle-based acupuncture treatment is increasing owing to its ability to minimize the scope of infections among patients. Moreover, in instances of musculoskeletal disorders, acupuncture techniques are extensively employed owing to their established effectiveness in alleviating pain.

Which Type of Acupuncture Treatment is Highly Popular?

“Preference for Needle Acupuncture Due to Minimal Side Effects”

Attribute	Needle Acupuncture
Segment Value (2024E)	US$ 20.21 Billion
Growth Rate (2024 to 2034)	11.2% CAGR
Projected Value (2034F)	US$ 58.6 Billion

Needle acupuncture treatment is predicted to hold 41.1% share of global market revenue by the end of 2034. Increased preference for needle acupuncture services by healthcare providers is attributed to the growing prevalence of drug dependency and side effects related to pharmaceutical drugs.

Use of needle puncture can minimize the chances of infections. Moreover, needle acupuncture ensures no or minimal side effects on patients, thereby gaining popularity among patients and healthcare providers.

Which Acupuncture Treatment Accounts for High Revenue Streams?

“Clinical Approval for Acupuncture Treatment for Musculoskeletal Conditions”

Attribute	Musculoskeletal Conditions
Segment Value (2024E)	US$ 21 Billion
Growth Rate (2024 to 2034)	11.3% CAGR
Projected Value (2034F)	US$ 61 Billion

Musculoskeletal conditions are forecasted to account for 43.1% of global market revenue by 2034. This dominance is attributed to the proven clinical effectiveness of the acupuncture process in pain relief and minimizing several neurological symptoms that are closely associated with the disease. Furthermore, the National Institute for Health and Care Excellence (NICE) recognizes the favorable outcomes of acupuncture in alleviating pain associated with osteoarthritis of the knee.

Competition Landscape

Providers of acupuncture treatment services are incorporating multiple strategies to achieve numerous purposes, including ensuring quality control of products, management of supply chain systems, and new developments.

Key players in the acupuncture treatment market include TCM Australia, Jingshen TMC Clinic, U.K., ACTCM, U.S., PRTCM, Ireland, NZCMAS, New Zealand, ChinaMed Charlottesville, ATCM, U.K., Beijing Acupuncture and Herbal Clinic, ETCMA, U.K., and Flow Acupuncture & Osteopathy.

Segmentation of Acupuncture Treatment Market Research

• By Service Type :

  • Needle Acupuncture
  • Electro-acupuncture
  • Auricular Acupuncture
  • Moxibustion
  • Cupping
  • Others

• By Application :

  • Musculoskeletal Conditions
  • Fatigue & CNS Conditions
  • Respiratory Conditions
  • Digestive Conditions
  • Other Conditions

• By End User :

  • Hospitals
  • Wellness Centers
  • Clinics

• By Region :

  • North America
  • Europe
  • East Asia
  • Latin America
  • Middle East & Africa
  • South Asia & Oceania