Market Overview
Moxibustion Instrument Market size was valued at USD million in 2022 and is estimated to reach USD million by 2030, growing at a high CAGR during the forecast period (2024-2031).
Burning the plant moxa is a component of the traditional Chinese medical procedure known as moxibustion, which promotes healing. It is intended to encourage the flow of qi, or life force, much like acupuncture. The dried leafy material of Chinese mugwort (Artemesia argyi or A. vlugaris) is typically used to make moxa, although it can also be created from other materials.
As per DataM Intelligence, Moxibustion Instrument Market study analysis offers an in-depth outlook on the market containing quantitative and qualitative data. It gives an outlook and forecast of the global market based on market segmentation. It also provides global Moxibustion Instrument Market size, and growth, along with the latest trends, opportunities, and forecast till 2029 for the global market with esteem to major countries such as the United States, Canada, Brazil, Germany, Italy, Spain, United Kingdom, Russia, European countries, United Arab Emirates, Saudi Arabia, South Africa, Japan, China, India, South Korea, Australia, and rest of the countries over the globe.
Among all regions, the North American region is expected to hold the largest share of the global market over the forecast period. Moxibustion Instrument Market in the United States and Canada produces the utmost share. Whereas the European Moxibustion Instrument Market is projected to continue its presence globally from 2023 to 2030.
Market Summary
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Device Type, By Therapy, By End-User, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Dynamics
The growing prevalence of arthritis, irritable bowel syndrome, holistic pregnancy, and other pain drives the market's growth in the forecast period.
Increasing prevalence of chronic conditions is expected to drive the market growth
Patients with a cold constitution can benefit greatly from moxibustion. Chronic cold can be the underlying state in many chronic diseases, including those that present as heat disorders. Overcooling of the body systems can cause or aggravate a cold constitution. Human bodies are exposed to cold much faster than in the past due to technological advancements. A culture of individuals with chilly constitutions has been developed to refrigeration, air conditioning, icy drinks, and even ice cream. It is also known that several pharmacological treatments, including over-the-counter pain relievers, lower body temperature. Cold constitutions can also be caused by excessive fruit and vegetable eating and continuing mental and emotional stress.
Moxibustion is commonly indicated in treating several conditions, such as illnesses and diseases. Moxibustion on the acupuncture point Stomach also serves to maintain health and prevent sickness. This method was referred to as reverse moxibustion in prehistoric China. Regular moxibustion on this point can boost healthy Qi and fortify the immune system, lengthening lifespan even in individuals who are in good condition.
The complications related to moxibustion will hamper the growth of the market
However, keeping the burned Moxa on the skin is one of the main drawbacks of moxibustion. The skin may occasionally itch as a result of it. Because indirect moxibustion places some distance between the skin and the burning Moxa, it is preferable to direct moxibustion. Some of the Complications of moxibustion are nausea and vomiting, sore throat or coughing from the smoke, dark patches in the skin, fetal distress and premature birth.
COVID-19 Impact on Market
Moxibustion, effective therapy in traditional Chinese medicine (TCM), has been widely used to treat COVID-19, especially during recovery. Moxibustion instruments companies initially focused on the immediate crisis response: keeping employees safe, ensuring business continuity, and dealing with the rapid changes in the healthcare ecosystem. Unfortunately, providers of elective or non-emergent procedures are seeing a substantial decline in the volume of procedures which, in turn, results in a decline in revenue. Throughout the world, but especially in larger cities where stay-at-home orders have been enforced, many of these Moxibustion centers have been closed for the foreseeable future. Thus, the pandemic impacted the market. However, after everything becomes normal, the companies in the market generate revenue, which will further drive the market growth in the forecast period.
Market Segment Analysis
The indirect moxibustion segment is expected to grow at the fastest CAGR during the forecast period (2022-2029)
The indirect type is the more popular form of moxibustion because it has a lower risk of pain or burning. In indirect moxibustion, an acupuncture practitioner burns one end of a moxa stick and keeps it close to the therapy area for a few minutes until the area turns red. Another form of indirect moxibustion utilizes both acupuncture needles and moxa. A needle is inserted into an acupoint and controlled. The tip of the needle is then covered in moxa and ignited, which creates heat in the point and the surrounding region. Once the person experiences relief, the moxa is extinguished, and the needle is withdrawn. It is commonly used alongside acupuncture in China, but it’s not as ordinary in the U.S. because some clinics have poor ventilation that can’t adjust the smoke and the smell.
Market Geographical Share
Asia-Pacific region holds the largest market share of the global moxibustion instrument market
Asia-Pacific dominates the market for moxibustion instrument and is expected to show a similar trend over the forecast period. Asia has been using moxibustion for thousands of years. The Chinese character for acupuncture is "acupuncture-moxibustion." Because there is a significantly lesser danger of discomfort or burning, indirect moxibustion is currently the preferred form of treatment in the Asia-Pacific region.
A practitioner does indirect moxibustion by lighting one end of a moxa stick, roughly the size and shape of a cigar, and holding it near the region being treated for a few minutes until the area glows red. In the Asia-Pacific region, China holds the largest market share. The majority of acupuncturists apply rolls of moxa to the treatment spot. To avoid scarring, the herb can alternatively be burned on top of a thin slice of ginger root. The primary benefit of moxibustion treatment is its safety. If it is appropriately applied, there are almost no side effects. Practitioners consider moxibustion to be significantly effective in the treatment of chronic situations.
Companies and Competitive Landscape
The moxibustion instrument market is a moderately competitive presence of local as well as global companies. Some of the key players which are contributing to the growth of the market JXLYT, Qi Ai Town, Leawell, LV YING JI TUAN, New-Design Biotechnology, SHANG HE YUAN, Zdeer, Cofoe, SUNWTR, AiHUJia, OMAI among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Moxibustion Instrument Market globally. For instance, in July 30, 2020, Xiaomi Youpin crowdfunding platform has launched Zuodian XiaoAI Smart Moxibustion Device X8. It is priced at $57. The device is powered via a socket and accomplished have smoke heating. It comes with two moxibustion heating chambers, and the temperature can also be modified through a mobile application.
Zdeer
Overview:
Innovator of smart healthcare instruments intended to target young age. The company designs smart moxibustion boxes with additional functionalities that concentrate on different body parts to treat a scope of conditions, including body pains, insomnia and etc., permitting users to provide themselves with the conventional moxibustion therapy at house.
Product Portfolio:
XIAOA Moxa Box 2 Max: Intelligent temperature control from 40 to 180℃. Equipped with 2 magic straps of different lengths.
The global moxibustion instrument market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages
