PUBLISHER: Persistence Market Research | PRODUCT CODE: 1454841
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1454841
Electric Acupuncture Devices Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030
Persistence Market Research has recently published an in-depth analysis of the global Electric Acupuncture Devices Market, offering a comprehensive overview of key market dynamics, growth drivers, challenges, and emerging trends. This report provides valuable insights into the structure of the Electric Acupuncture Devices Market, presenting exclusive data and statistics that forecast the market's growth trajectory from 2023 to 2030.
The electric acupuncture devices market is projected to grow steadily, with a compound annual growth rate (CAGR) of 6.9%. This expansion will see the market value rise from US$15 million in 2023 to US$23.9 million by the conclusion of 2030.
Key Insights:
- Electric Acupuncture Devices Market Size (2023E): US$15.0 Mn
- Projected Market Value (2030F): US$23.9 Mn
- Global Market Growth Rate (CAGR 2023 to 2030): 6.9%
- Historical Market Growth Rate (CAGR 2018 to 2022): 7.0%
Electric Acupuncture Devices Market- Report Scope:
Electric acupuncture devices use pulsating electrical currents to stimulate acupoints, employing specialized therapeutic techniques to manage pain and treat various ailments. These devices are tailored to address conditions such as Wei syndrome, Bi syndrome, and injuries affecting muscles, joints, and ligaments.
In the realm of electric acupuncture devices, various waveforms, including dense waves, sparse waves, and dense sparse waves, are employed to alleviate pain. The choice of specific waveforms depends on the nature of the disease or condition being treated. For instance, dense waves deliver a continuous frequency of 50 to 100 pulsations per second, proving particularly effective for addressing vessel and muscle spasms.
Market Growth Drivers:
The global aging population and increased healthcare demand are driving significant growth. In the US, healthcare spending exceeded US$4.1 trillion in 2020, projected to reach US$6.2 trillion by 2028. The country allocates nearly 17% of its GDP to healthcare, the highest among studied nations. Healthcare employment is expected to grow by 16% from 2020 to 2030, creating 2.6 million new jobs, mainly due to an aging population. Median annual wages for healthcare professionals exceed those of other occupations.
Market Restraints:
The growth of electric acupuncture devices encounters several challenges, including financial constraints in developing countries and a preference for alternative therapies, hindering their adoption. Additionally, the market faces obstacles due to the lack of sufficient data demonstrating the benefits of these devices and inadequate training and education on their proper utilization. Similarly, the application of acupuncture treatment is impeded by high treatment costs and the absence of favorable reimbursement policies for patients, which are expected to negatively impact expansion opportunities. Moreover, the limited availability of compensation policies for acupuncture may result in increased costs for patients, further constraining market growth prospects.
Market Opportunities:
Amidst rapid technological advancements, electric acupuncture devices offer versatile treatment options with proven efficacy and minimal side effects compared to pharmaceuticals. Extensive research has showcased their effectiveness in pain management, promoting blood circulation, and addressing conditions like chronic constipation by enhancing gut health. Notably, electric acupuncture has been linked to improvements in hypothalamic functional connectivity and the release of mesenchymal stem cells, offering a non-invasive and cost-effective alternative to traditional treatments. Ongoing technological evolution enables the development of electric acupuncture devices with enhanced features, including real-time control over pulsating electric frequencies, further augmenting their therapeutic potential.
Key Questions Answered in the Report:
- What are the key factors driving the growth of the Electric Acupuncture Devices Market?
- Which industry verticals are driving the demand for Electric Acupuncture Devices?
- How are technological advancements reshaping the competitive landscape of the Electric Acupuncture Devices Market?
- Who are the leading players in the global Electric Acupuncture Devices Market?
- What are the emerging trends and future prospects in the global Electric Acupuncture Devices Market?
Competitive Intelligence and Business Strategy:
Leading companies such as B Cymatics, Pantheon Research, and Haifu Medical Technology Co. Ltd are pioneering the sector with innovative solutions, leveraging their technological expertise and extensive experience in the medical field. These organizations prioritize technological advancements, strategic partnerships, and improving user experience. With a focus on promoting the global adoption of acupuncture treatment, major players in this competitive market differentiate their products by offering unique features, improved precision, and comprehensive health monitoring capabilities.
Key Companies Profiled:
- Cymatics
- Pantheon Research
- Haifu Medical Technology Co. Ltd.
- Shinylink (Shanghai) Industrial Inc.
- Hangzhou Ruicheng Medical Device Tech. Limited
- Wuxi Jiajian Medical Instrument Co. Ltd.
- Hubei YJT Technology Co. Ltd.
- Wujiang Win Game I/E Co. Ltd.
- Zhengzhou Sunshine Medical Equipment Co.
- Guangzhou GHC International Trade Company
Electric Acupuncture Devices Market Segmentation:
By Indication:
- Neurological Conditions
- Gastrointestinal Conditions
- Skeletomuscular Conditions
- Others
By Application:
- Hospitals
- Clinics
- Homecare
By Region:
- North America
- Europe
- East Asia
- South Asia & Oceania
- Latin America
- Middle East & Africa
Table of Contents
1. Executive Summary
- 1.1. Global Electric Acupuncture Devices Market Snapshot, 2023 and 2030
- 1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
- 1.3. Key Market Trends
- 1.4. Future Market Projections
- 1.5. Premium Market Insights
- 1.6. Industry Developments and Key Market Events
- 1.7. PMR Analysis and Recommendations
2. Market Overview
- 2.1. Market Scope and Definition
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
- 2.3. Indication Lifecycle Analysis
- 2.4. Electric Acupuncture Devices Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
- 2.5. Porter Five Force's Analysis
- 2.6. Geopolitical Tensions: Market Impact
- 2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
- 2.8. Forecast Factors - Relevance and Impact
- 2.9. Regulatory and Technology Landscape
3. Global Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
- 3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
- 3.3. Global Electric Acupuncture Devices Market Outlook: Indication
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Indication, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 3.3.3.1. Neurological Conditions
- 3.3.3.2. Gastrointestinal Conditions
- 3.3.3.3. Skeletomuscular Conditions
- 3.3.3.4. Others
- 3.4. Market Attractiveness Analysis: Indication
- 3.5. Global Electric Acupuncture Devices Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 3.5.3.1. Hospitals
- 3.5.3.2. Clinics
- 3.5.3.3. Homecare
- 3.6. Market Attractiveness Analysis: Application
4. Global Electric Acupuncture Devices Market Outlook: Region
- 4.1. Key Highlights
- 4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
- 4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
- 4.4. Market Attractiveness Analysis: Region
5. North America Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 5.1. Key Highlights
- 5.2. Pricing Analysis
- 5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Indication
- 5.3.3. By Application
- 5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
- 5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 5.5.1. Neurological Conditions
- 5.5.2. Gastrointestinal Conditions
- 5.5.3. Skeletomuscular Conditions
- 5.5.4. Others
- 5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Hospitals
- 5.6.2. Clinics
- 5.6.3. Homecare
- 5.7. Market Attractiveness Analysis
6. Europe Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 6.1. Key Highlights
- 6.2. Pricing Analysis
- 6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Indication
- 6.3.3. By Application
- 6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
- 6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 6.5.1. Neurological Conditions
- 6.5.2. Gastrointestinal Conditions
- 6.5.3. Skeletomuscular Conditions
- 6.5.4. Others
- 6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Hospitals
- 6.6.2. Clinics
- 6.6.3. Homecare
- 6.7. Market Attractiveness Analysis
7. East Asia Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Indication
- 7.3.3. By Application
- 7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
- 7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 7.5.1. Neurological Conditions
- 7.5.2. Gastrointestinal Conditions
- 7.5.3. Skeletomuscular Conditions
- 7.5.4. Others
- 7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Hospitals
- 7.6.2. Clinics
- 7.6.3. Homecare
- 7.7. Market Attractiveness Analysis
8. South Asia & Oceania Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Indication
- 8.3.3. By Application
- 8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
- 8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 8.5.1. Neurological Conditions
- 8.5.2. Gastrointestinal Conditions
- 8.5.3. Skeletomuscular Conditions
- 8.5.4. Others
- 8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Hospitals
- 8.6.2. Clinics
- 8.6.3. Homecare
- 8.7. Market Attractiveness Analysis
9. Latin America Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Indication
- 9.3.3. By Application
- 9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
- 9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 9.5.1. Neurological Conditions
- 9.5.2. Gastrointestinal Conditions
- 9.5.3. Skeletomuscular Conditions
- 9.5.4. Others
- 9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Hospitals
- 9.6.2. Clinics
- 9.6.3. Homecare
- 9.7. Market Attractiveness Analysis
10. Middle East & Africa Electric Acupuncture Devices Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Indication
- 10.3.3. By Application
- 10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
- 10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Indication, 2023 - 2030
- 10.5.1. Neurological Conditions
- 10.5.2. Gastrointestinal Conditions
- 10.5.3. Skeletomuscular Conditions
- 10.5.4. Others
- 10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Hospitals
- 10.6.2. Clinics
- 10.6.3. Homecare
- 10.7. Market Attractiveness Analysis
11. Competition Landscape
- 11.1. Market Share Analysis, 2022
- 11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Dashboard
- 11.2.3. Apparent Product Capacity
- 11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Cymatics
- 11.3.1.1. Overview
- 11.3.1.2. Segments and Product
- 11.3.1.3. Key Financials
- 11.3.1.4. Market Developments
- 11.3.1.5. Market Strategy
- 11.3.2. Pantheon Research
- 11.3.2.1. Overview
- 11.3.2.2. Segments and Product
- 11.3.2.3. Key Financials
- 11.3.2.4. Market Developments
- 11.3.2.5. Market Strategy
- 11.3.3. Haifu Medical Technology Co. Ltd.
- 11.3.3.1. Overview
- 11.3.3.2. Segments and Product
- 11.3.3.3. Key Financials
- 11.3.3.4. Market Developments
- 11.3.3.5. Market Strategy
- 11.3.4. Shinylink (Shanghai) Industrial Inc.
- 11.3.4.1. Overview
- 11.3.4.2. Segments and Product
- 11.3.4.3. Key Financials
- 11.3.4.4. Market Developments
- 11.3.4.5. Market Strategy
- 11.3.5. Hangzhou Ruicheng Medical Device Tech. Limited
- 11.3.5.1. Overview
- 11.3.5.2. Segments and Product
- 11.3.5.3. Key Financials
- 11.3.5.4. Market Developments
- 11.3.5.5. Market Strategy
- 11.3.6. Wuxi Jiajian Medical Instrument Co. Ltd.
- 11.3.6.1. Overview
- 11.3.6.2. Segments and Product
- 11.3.6.3. Key Financials
- 11.3.6.4. Market Developments
- 11.3.6.5. Market Strategy
- 11.3.7. Hubei YJT Technology Co. Ltd.
- 11.3.7.1. Overview
- 11.3.7.2. Segments and Product
- 11.3.7.3. Key Financials
- 11.3.7.4. Market Developments
- 11.3.7.5. Market Strategy
- 11.3.8. Wujiang Win Game I/E Co. Ltd.
- 11.3.8.1. Overview
- 11.3.8.2. Segments and Product
- 11.3.8.3. Key Financials
- 11.3.8.4. Market Developments
- 11.3.8.5. Market Strategy
- 11.3.9. Zhengzhou Sunshine Medical Equipment Co.
- 11.3.9.1. Overview
- 11.3.9.2. Segments and Product
- 11.3.9.3. Key Financials
- 11.3.9.4. Market Developments
- 11.3.9.5. Market Strategy
- 11.3.10. Guangzhou GHC International Trade Company
- 11.3.10.1. Overview
- 11.3.10.2. Segments and Product
- 11.3.10.3. Key Financials
- 11.3.10.4. Market Developments
- 11.3.10.5. Market Strategy
- 11.3.1. Cymatics
12. Appendix
- 12.1. Research Methodology
- 12.2. Research Assumptions
- 12.3. Acronyms and Abbreviations
