The Global Acupuncture Electrostimulation Devices Market is expected to grow at a high CAGR during the forecasting period (2022-2029)
Electric-acupuncture devices are conventional treatment techniques with a wide range of treatment applications.
Acupuncture electrostimulation devices are the most effective treatment with fewer effects compared to drug therapies. These devices have proven to promote blood flow, relieve pain, and remove stasis.
In cases where intensive, high frequency, and prolonged treatments might be deemed essential, as with certain stubborn neurological disorders, electro-acupuncture is the only means to provide effective daily treatments.
Electric acupuncture is less invasive and cost-effective when compared to other treatment options. With the rising advancement of technologies, which enabled electric acupuncture devices with real-time control of pulsating electric frequencies, the acupuncture electrostimulation devices market is growing globally.
According to recent studies, it is observed that electroacupuncture devices are also effective in improving gut health, particularly in chronic constipation. It also found that electric acupuncture devices improved the hypothalamic functional connectivity and help in mesenchymal stem cell release into the bloodstream.
In July 2019, a new proposed decision by the Centers of Medicare & Medicaid (CMS) would add access to acupuncture as an alternative to prescription opioids for people battling with chronic low back pain who are enrolled participants either in clinical trials sponsored by the National Institutes of Health (NIH) or CMS-approved studies.
Rising incidence rates of gynecological disorders are also leading to an increase in demand for acupuncture electrostimulation devices. For instance, according to the Centers for Disease Control and Prevention (CDC), about 94,000 women were diagnosed with gynecologic cancer each year between 2012 and 2016. The most common gynecologic cancer was uterine cancer (26.82 cases per 100,000), and the least common was vaginal cancer (0.66 per 100,000). The highest incidence rate of cervical cancer was among Hispanic women (9.60 per 100,000). White women had the highest incidence rate of uterine (27.16 per 100,000), ovarian (11.50 per 100,000), and vulvar (2.80 per 100,000) cancer. The highest incidence rate of vaginal cancer was among black women (0.90 per 100,000).
The United States is seeking non-pharmaceutical approaches to pain management and addiction, and acupuncture is one of the most promising therapies.
Some of the major players contributing to the growth of the market by developing new devices in the market are 3B Scientific GmbH, Sedatelec, Wuxi Jiajian Medical Instruments Co., Ltd., Asia-med GmbH, SEIRIN Corporation, MKW Laser system GmbH, Finesun Worldwide Group, Zepter International, Schwa-medico GmbH, among others.
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