The global demand for electric acupuncture devices is expected to be valued at US$ 12.9 million in 2022, with a CAGR of 7.2% to be valued at US$ 27.8 million from 2022 to 2032. The electric acupuncture devices market grew at an 8.4% CAGR between 2016 and 2021.
Electric Acupuncture Devices Market: Drivers and Restraints
Electric acupuncture devices are a common treatment technique with numerous treatment applications. When compared to drug therapies, it is the most effective treatment with few to no side effects. Electric acupuncture has been shown to relieve pain, increase blood flow, and break up stasis. Recent research has shown that it is also effective in improving gut health, particularly in cases of chronic constipation. It was also discovered that electric acupuncture devices improved hypothalamic functional connectivity and aided in the release of mesenchymal stem cells into the bloodstream.
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Electric acupuncture is less invasive and less expensive than other treatment options. It was also aided by the rapid advancement of technology, which enabled electric acupuncture devices to control pulsating electric frequencies in real time. All of these factors contributed to the explosive growth of electric acupuncture devices.
Due to a lack of substantial data on the benefits of electric acupuncture devices, the adoption rate of devices is affected, limiting market growth.
Electric Acupuncture Devices Market: Segmentation
Segmentation based on Indication
- Neurological Conditions
- Gastrointestinal Conditions
- Skeletomuscular Conditions
- Others
Segmentation based on Indication
- Hospitals
- Clinics
- Homecare
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Electric Acupuncture Devices Market: Market Overview
The global Electric Acupuncture Devices market has grown rapidly due to rising device demand. They are less expensive and have fewer side effects than other treatments. The Electric Acupuncture Devices market is dominated by a few large players with a large market share in developed countries operating at the country level. Because of the potential benefits of Electric Acupuncture Devices, there are enormous opportunities for untapped markets all over the world. Due to the limited number of manufacturers, the key players in the Electric Acupuncture Devices market are primarily focused on R&D to accelerate development. Electric Acupuncture Devices market is expected to grow at a double CAGR during the forecast period.
Electric Acupuncture Devices Market: Region-Wise Overview
North America, Latin America, Western Europe, Eastern Europe, and Asia-Pacific are the regions that make up the global Electric Acupuncture Devices market. China, Japan, and the Middle East and Africa are excluded. Because of its high penetration, North America dominates the global Electric Acupuncture Devices market. Because of widespread adoption among end users, North America, particularly the United States, dominates.
The APAC region’s economic conditions are expected to propel the Electric Acupuncture Devices market to new heights. Because of increased awareness, the markets for Electric Acupuncture Devices in Europe and APAC are the fastest growing. Growth in the Middle East and African region is considerably less when compared to the other regions. However, North America would maintain its position in the Electric Acupuncture Devices market, though, we are anticipating developed economies such as Australia to have the highest growth rate in Electric Acupuncture Devices market.
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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.
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