| Product Code: ETC4974111 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Hong Kong continues to rely on key suppliers such as the USA, China, Netherlands, Malaysia, and Singapore for needle imports in 2024. Despite a negative compound annual growth rate (CAGR) of -5.97% from 2020 to 2024, the market remained highly concentrated with a high Herfindahl-Hirschman Index (HHI). The industry experienced a steep decline with a growth rate of -11.6% from 2023 to 2024, indicating potential challenges and shifts in demand within the market. Stakeholders should closely monitor these trends to make informed decisions in this competitive landscape.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Needles Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Needles Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Needles Market - Industry Life Cycle |
3.4 Hong Kong Needles Market - Porter's Five Forces |
3.5 Hong Kong Needles Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Hong Kong Needles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Hong Kong Needles Market Revenues & Volume Share, By Delivery Mode, 2021 & 2031F |
3.8 Hong Kong Needles Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
4 Hong Kong Needles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for acupuncture therapy and Traditional Chinese Medicine (TCM) in Hong Kong |
4.2.2 Growing awareness about the benefits of acupuncture and alternative therapies |
4.2.3 Rising prevalence of chronic diseases leading to higher adoption of acupuncture treatments |
4.3 Market Restraints |
4.3.1 Stringent regulations and licensing requirements for practitioners in the acupuncture industry |
4.3.2 Competition from alternative therapies and pharmaceutical drugs affecting market growth |
4.3.3 Limited insurance coverage for acupuncture treatments in Hong Kong |
5 Hong Kong Needles Market Trends |
6 Hong Kong Needles Market Segmentations |
6.1 Hong Kong Needles Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Needles Market Revenues & Volume, By Conventional, 2021-2031F |
6.1.3 Hong Kong Needles Market Revenues & Volume, By Safety, 2021-2031F |
6.2 Hong Kong Needles Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Needles Market Revenues & Volume, By Pen, 2021-2031F |
6.2.3 Hong Kong Needles Market Revenues & Volume, By Suture, 2021-2031F |
6.2.4 Hong Kong Needles Market Revenues & Volume, By Blood Collection, 2021-2031F |
6.2.5 Hong Kong Needles Market Revenues & Volume, By Dental, 2021-2031F |
6.2.6 Hong Kong Needles Market Revenues & Volume, By Ophthalmic, 2021-2031F |
6.2.7 Hong Kong Needles Market Revenues & Volume, By Others, 2021-2031F |
6.3 Hong Kong Needles Market, By Delivery Mode |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Needles Market Revenues & Volume, By Hypodermic, 2021-2031F |
6.3.3 Hong Kong Needles Market Revenues & Volume, By Intravenous, 2021-2031F |
6.3.4 Hong Kong Needles Market Revenues & Volume, By Intramuscular, 2021-2031F |
6.3.5 Hong Kong Needles Market Revenues & Volume, By Others, 2021-2031F |
6.4 Hong Kong Needles Market, By Raw Material |
6.4.1 Overview and Analysis |
6.4.2 Hong Kong Needles Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.4.3 Hong Kong Needles Market Revenues & Volume, By Glass, 2021-2031F |
6.4.4 Hong Kong Needles Market Revenues & Volume, By Others, 2021-2031F |
7 Hong Kong Needles Market Import-Export Trade Statistics |
7.1 Hong Kong Needles Market Export to Major Countries |
7.2 Hong Kong Needles Market Imports from Major Countries |
8 Hong Kong Needles Market Key Performance Indicators |
8.1 Number of accredited acupuncture training programs in Hong Kong |
8.2 Percentage of healthcare facilities offering acupuncture services |
8.3 Patient satisfaction rates with acupuncture treatments |
8.4 Number of research studies published on the efficacy of acupuncture in treating various health conditions |
8.5 Adoption rate of acupuncture as a complementary therapy among mainstream healthcare providers |
9 Hong Kong Needles Market - Opportunity Assessment |
9.1 Hong Kong Needles Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Hong Kong Needles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Hong Kong Needles Market Opportunity Assessment, By Delivery Mode, 2021 & 2031F |
9.4 Hong Kong Needles Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
10 Hong Kong Needles Market - Competitive Landscape |
10.1 Hong Kong Needles Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Needles Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here