USD 121.45 million
Acupressure Instruments Market Size, Share, Growth Analysis, By Type(Products, Services), By Distribution Method(Direct, E-Sales, Others), By End-User(Wellness Centre, Hospitals & Specialty Clinics, Others), By Application(Pain Syndrome Illnesses, Gynaecological Disorders, Others), By Materials(Stainless steel, gold, and silver), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2223 |
Region:
Global |
Published Date: February, 2024
Pages:
225
|Tables:
143
|Figures:
78
Acupressure Instruments Market Insights
Global Acupressure Instruments Market size was valued at USD 121.45 million in 2019 and is poised to grow from USD 131.45 million in 2023 to USD 247.47 million by 2031, growing at a CAGR of 8.23% in the forecast period (2024-2031).
Acupressure is a complementary medicine technique that is frequently used in conjunction with acupuncture or reflexology. It is based on the idea of life energy flowing through the body's "meridians." Physical pressure is placed on acupuncture points or ashi trigger points during treatment to clear blockages in these meridians. Pressure can be applied with the hand, the elbow, or various devices. Acupressure therapy was widely used in India. Acupressure therapy was integrated into standard health practice in China after the spread of Buddhism, and it became known as acupuncture. Scholars draw attention to these parallels because the major points of Indian acupressure and Chinese acupuncture are similar. Acupressure can be beneficial in relieving nausea and vomiting following surgery or invasive medical procedures. Acupressure can also assist in relieving pain. Although some research has been conducted to document the benefits of acupressure, it has been limited. Several small studies, according to the National Cancer Institute, have shown that acupressure can help cancer patients by reducing cancer-related fatigue and nausea. Many patients report that acupressure has helped them with pain, stress, and anxiety, but there hasn't been any research done specifically with cancer patients to back up these claims. Acupressure should be used in conjunction with medical treatment rather than as the sole treatment for a serious illness or chronic condition.
There are various instruments for applying nonspecific pressure to the body's reflex zones by rubbing, rolling, or exerting pressure. The acuball is a small, heatable rubber ball with protuberances. It's a tool for applying pressure and relieving muscle and joint pain. The energy roller is a small, protruding cylinder. Acupressure is applied by rolling it back and forth between the hands. The foot roller (also known as the "Krupa chakra") is a cylindrical round roller with protuberances. It is placed on the floor and rolled back and forth with the foot. The power mat (also known as the pyramid mat) is a walking mat with small pyramid-shaped bumps. Spine rollers are bumpy rollers with magnets that are rolled up and down the vertebra.
An acupressure wristband that claims to relieve motion sickness and other forms of nausea apply pressure to the P6 acupuncture point, which has been widely investigated. The Cochrane Collaboration examined the use of P6 for vomiting and diarrhoea and discovered that it was beneficial in reducing postoperative nausea
US Acupressure Instruments Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Direct
Fastest Growth
Direct
Growth Rate
8.23% CAGR
Global Acupressure Instruments Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Acupressure Instruments Market Segmental Analysis
The Global Acupressure Instruments market is segmented based on Type, Distribution Method, Application, End-Use, materials, and Region. Based on Type, the Acupressure Instruments Market is segmented into Products and Services. Based on the Distribution Method, the Acupressure Instruments Market is segmented into Direct, E-Sales, and Others. Based on Application, the Acupressure Instruments Market is segmented into Pain Syndrome Illnesses, Gynaecological Disorders, and Others. Based on End-Use, the Acupressure Instruments Market is segmented into Wellness centres, Hospitals & Specialty Clinics, and Others. Based on materials, the Acupressure Instruments Market is segmented into Stainless steel, gold, and silver . Based on region the global Acupressure Instruments Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Acupressure Instruments Market Analysis by Distribution Method
In 2021, the Direct Sales segment had the highest revenue share of XX%. Patients who are engaged in complementary therapeutic procedures, particularly acupressure, prefer direct sales or medical consultation. Acupressure and acupuncture practitioners have used a variety of marketing strategies to increase direct sales between the physician and the patient, resulting in the largest revenue share of direct sales. To expand their business, various local acupressure and acupuncture practitioners, as well as entities, are exploring the direct distribution sales channel. These organizations concentrate on the doctor-patient interaction and therapeutic approaches that increase profitability. Furthermore, the number of new market entrants, scientific evidence, and demand for acupressure are all increasing, all of which contribute to the growth of this segment.
Global Acupressure Instruments Market By Distribution Method, 2021 (%)
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Acupressure Instruments Market Regional Insights
North America held the largest share in the global acupressure instruments market. North America currently leads the acupressure market due to increased acceptance of alternate solution medical techniques between many people and a rising incidence of chronic conditions. In 2021 alone, 20.4% of US citizens experienced chronic pain for a variety of reasons, and given the occurrence of unhealthy lifestyles, this figure is expected to rise. Because allopathic medicine has little to offer in these cases, the market should benefit.
The Asia Pacific is predicted to be the fastest-growing regional market from 2022 to 2028, The growing popularity of traditional Chinese medicine around the globe has made the Asia Pacific a lucrative market for local, regional, and international players. Several studies have shown that approximately 80% of Chinese people prefer traditional medical supplements and acupressure acupuncture-based therapies to treat chronic illnesses. Furthermore, the COVID-19 pandemic has increased demand for Acupressure, which is expected to provide lucrative revenue generation opportunities in this region.
Global Acupressure Instruments Market By Geography, 2022-2028
- Largest
- Fastest
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Acupressure Instruments Market Dynamics
Acupressure Instruments Market Driver
Increasing Chronic Conditions and Government Support for Acupressure treatments
- The current treatment scenario for a variety of indications is the increased availability of alternative therapies, which include physiotherapy and complementary and alternative therapy. There is an array of side effects associated with the use of medications for the treatment of specific disease conditions, such as mental health indications or pain management in cancer patients. Adverse effects of medicinal drug intake are serious concerns for patient safety and may present with unpleasant symptoms ranging from drowsiness or extreme fatigue to impaired balance and coordination and low respiration rate, indicating a potential overdose. Because of the lack of associated complexities with drug interaction, the adoption of complementary medicines is expected to increase. This factor is expected to drive demand growth for Acupressure treatment over the forecasted years.
- Along with that, Local governments have also promoted initiatives to encourage the use of alternative therapies for disease treatment. These government bodies are strategically positioned to meet local needs and to facilitate linkages, networking, and growth orientations for the Acupressure treatment market. Furthermore, through the provision of training and educational courses for Acupressure therapy approaches, local governments have procured significant resources to create socioeconomically oriented development plans.
Acupressure Instruments Market Restraint
Acupressure Treatment's Out-of-Pocket Expenditures
- Several factors influence acupressure treatment demand, collectively shifting the marketing strategy for the next few years. Some factors encourage an opportunistic shift toward industry growth, while others may limit the overall market growth and adoption of acupressure treatment. While the use of acupressure options has increased, certain factors indicate lower adoption standards due to the lack of beneficial reimbursement guidelines for patients undergoing treatment. Several major insurance policies, including Medicaid and Medicare Advantage Health Plans, have been known to cover at least one-third of all acupuncture and acupressure policies. Because of the scarcity of compensation guidelines for acupressure and acupuncture, patients have had to pay out-of-pocket. These factors are expected to stifle the market growth of the acupressure treatment and instrument market over the forecast year.
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Acupressure Instruments Market Competitive Landscape
The majority of acupressure treatment and instrument providers are small market players, these players are using low-cost marketing strategies. Offering a free trial is one of the most popular ways to increase sales. With COVID-19 having a negative impact on the acupressure treatment and instrument market, market participants have now entered the telehealth domain. This not only helps organizations reach their customers but also helps them stand out in the market. A few Ed-tech companies also offer acupressure courses with a 30-day money-back guarantee. For instance, Udemy, a US-based ed-tech start-up offers "Acupressure For Beginners: Acupressure Principles".
Acupressure Instruments Market Top Player's Company Profiles
- Johnson & Johnson (US)
- Medtronic plc (Ireland)
- Stryker Corporation (US)
- B. Braun Melsungen AG (Germany)
- Abbott Laboratories (US)
- Boston Scientific Corporation (US)
- Smith & Nephew plc (UK)
- Olympus Corporation (Japan)
- Zimmer Biomet Holdings, Inc. (US)
- Baxter International Inc. (US)
- GE Health Care (US)
- Philips Health Care (Netherlands)
- Siemens Healthineers AG (Germany)
- Roche Diagnostics Limited (Switzerland)
- 3M Company (US)
- Cardinal Health, Inc. (US)
- Terumo Corporation (Japan)
- EssilorLuxottica (France)
- Thermo Fisher Scientific Inc. (US)
- Hologic, Inc. (US)
Acupressure Instruments Market Recent Development
- In August 2022, Manasvani Organization announces the launch of an eCommerce platform, Manasvani Nutrition & Apparels, in collaboration with a consulting firm. Meridians and acupressure points will be available on the platform, which will be stimulated and activated as part of the therapy to increase energy flow to internal organs and improve health and well-being.
Acupressure Instruments Key Market Trends
- Allopathic medicine can be quite expensive in terms of the number of investigations required, as well as the expensive modern imaging techniques that allopathic practitioners require in almost all cases. As global poverty rises to 9% by the end of 2021, many people will be forced to opt for less expensive alternative medicine, which acupuncture should benefit from. It is also worth noting that increased awareness is contributing to the growth of the global acupuncture market over the forecast period.
Acupressure Instruments Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global acupressure instruments market analysis, we found that with an increasing number of people investing in less invasive traditional therapies, acupuncture has seen market growth in recent years. Acupressure is effective in relieving muscle tension and chronic pain by improving blood circulation throughout the body. It is extremely effective in treating mental stress, PCOS, PMS, infertility, menopause, and other hormonal imbalances. These factors are expected to accelerate the demand in the market over the forecast year.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 121.45 million |
| Market size value in 2031 | USD 247.47 million |
| Growth Rate | 8.23% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Acupressure Instruments Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Acupressure Instruments Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Acupressure Instruments Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Acupressure Instruments Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Acupressure Instruments Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Acupressure Instruments Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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