Pyonex Needles Market Size, Share, Growth, and Industry Analysis, By Type (Yellow (0.6mm), Green (0.9mm), Blue (1.2mm), Pink (1.5mm)), By Application (Tension Headache, Low Back Pain, Knee Pain), Regional Insights, and Forecast To 2032

Updated On: 08 July 2024

pyonex needles market REPORT OVERVIEW

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The global pyonex needles market size was USD 411.74 million in 2021 and the market is projected to touch USD 620.74 million by 2032 at a CAGR of 3.8% during the forecast period.

Any acupuncture point that the practitioner feels would benefit from ongoing, subtle treatment throughout the day(s) following the appointment can be effectively treated with Pyonex needles, including trigger points, local sites that are feeling stiff or painful (Ashi points), and other acupuncture points. One of the key factors affecting the market is the growing elderly population in the world. Because the elderly population is more susceptible to numerous chronic diseases and chronic wounds, the rise in the elderly population may have a favorable effect on the pyonex needles market growth. Older people prefer to choose pyonex needles because the likelihood of experiencing any adverse effects is extremely low. Additionally, it provides alleviation for mental as well as physical suffering in the body.

COVID-19 Impact: Barriers Imposed by the Governments to Deplete Market Share

The COVID-19 pandemic has been unprecedented and staggering, pyonex needles experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 halted every activity across the globe and led to lockdown imposed in several regions of the globe which had a tremendous effect on the market’s overall activity and working. However, the market is expanding due to factors including rising sedentary lifestyle adoption, obesity, and alcohol addiction. Complications from these illnesses include physical discomfort, sleep problems, and mental problems. The market is also expected to develop due to the rise in health issues among the elderly population and the prevalence of gynecological illnesses brought on by busy lifestyles.

LATEST TRENDS

"Increasing Hypertension Among People to Stimulate Market Development  "

One of the primary causes of the rising demand for pyonex needles is the rising incidence of diabetes and hypertension. Hypertension, which is thought to afflict around 1.00 billion people worldwide, is primarily brought on by diabetes. Furthermore, patients who have long-term diabetes frequently develop painful diabetic leg ulcers. In these situations, pyonex needles therapy aids patients with these diseases in lessening their pain. By providing mental relief, it also aids in lowering hypertension, propelling the pyonex needles market share to rise throughout the forecast period.

pyonex needles market SEGMENTATION

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• By Type

Based on type; the market is divided into yellow (0.6mm), green (0.9mm), blue (1.2mm), pink (1.5mm)

Yellow (0.6mm) is the leading part of the type segment.

• By Application

Based on the application; the market is divided into tension headache, low back pain, knee pain

Tension headache is the leading part of the application segment.

DRIVING FACTORS

"Requirement of Silver Needles to Aid Market Expansion  "

Due to their numerous benefits, including their efficient thermal impact in warmer acupuncture procedures due to their high thermal conductivity, the silver needles are predicted to experience an average rate of growth over the forecast period. Additionally, it offers sufferers more rapid and effective relief than other materials can. As a result of these benefits, patient demand using silver needles have recently surged, fuelling the segment's expansion. The limited number of market participants who supply this product and the expensive cost of the material, however, might impede sector expansion.

"Hospital Segment to Foster Industry Progress "

The pyonex needles market in hospitals had the highest revenue share in 2019. The primary drivers of segment expansion are the rising incidences of venous leg ulcers and diabetic foot ulcers. Additionally, a rise in wound healing cases spurred on by a rise in surgeries is fuelling the segment's growth. Such factors may promote segment growth during the projection period since pyonex needles treatment aids in lessening the pain brought on by SSI wounds.

RESTRAINING FACTORS

"Negative Side-Effects Associated with the Needles to Stop Market Evolution "

Needle treatments, however, call for frequent follow-ups, so this is not always feasible for patients. The market's expansion is also hampered by negative side effects including infection, bleeding, and pain from the needles, as well as the lack of health insurance for acupuncture treatments.

pyonex needles market REGIONAL INSIGHTS

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"Evolving Acupuncture Techniques in Asia Pacific to Support Market Advancement "

The market was dominated by Asia Pacific in 2019, with a substantial revenue share. Over the projected period, the region is anticipated to experience the most rapid expansion in growth. It is projected that the presence of growing nations including India, Japan, and China will accelerate market expansion in the area. A common kind of traditional Chinese medicine in both China and Japan is acupuncture. Also contributing to the rise of interest for acupuncture services in this region is the fast expanding medical tourism sector in these nations.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

The analyst provides a comprehensive picture of the market through the study, synthesis, and summarization of data from various sources, as well as an examination of important variables such as financial gain, sales prices, competition, and promotions. It identifies the key industry influencers and presents various market facets. The information provided is thorough, reliable, and the result of extensive primary and secondary research. The market report provides a comprehensive competitive landscape as well as an in-depth vendor evaluation methodology and analysis based on both qualitative and quantitative studies to accurately forecast market growth.

The reports cover important advances with in market, as well as inorganic and organic growth strategies. Various companies are concentrating on organic business expansion such as product announcements, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth strategies observed in the market. The above activities have paved the way for market participants to expand their business and customer base. With the growing demands for filter products in the international market, market participants in the market are expected to benefit from substantial growth opportunities in the near future.

List of Market Players Profiled

• Saeshin Precision Co., Ltd (China)
• Nakanishi Inc (Japan)
• W & H Dentalwerk Burmoos GmbH (Austria)
• Kaltenbach & Voigt GmbH (Germany)
• Nakamura Dental MFG.Co., Ltd (U.S.)
• NSK (Japan)
• Sirona Dental Systems GmbH (U.S.)
• Bien-Air (Switzerland)
• Anthogyr SAS (France)
• SEIRIN (Japan)

REPORT COVERAGE

This research offers a thorough analysis of the global market, covering all relevant areas. This includes everything from a broad market overview to micro-level information about size of the market, degree of competition, evolution trend, opportunities in the market, important market drivers, and SWOT opportunities and threats. The reader can use the study to influence industry competitiveness and competitive environment strategies to increase potential profit. Additionally, it offers a straightforward framework for assessing and gaining access to the situation of the corporate organization.

In a nutshell, this study should be read by all market participants, traders, academics, analysts, business planners, and anyone else with an interest in the market. The market competitive landscape is another area that the report structure focuses on. This report presents in depth information the share of the market, macroeconomic indicators, product scenario, operation circumstances of the major players, which aids readers in the industry in recognizing the key rivals and better understanding the market's competitive landscape.