Market Overview:
The global moxa sticks market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The smokeless moxa sticks segment is projected to account for a major share of the market, in terms of value, during the forecast period. The Asia Pacific region is estimated to dominate the global market in terms of value and volume, in 2018. The key factors driving the growth of the global moxa sticks market include rising awareness about traditional Chinese medicine (TCM) and its benefits, increasing demand for natural therapies across regions, and growing number of moxibustion clinics worldwide. However, lack of standardization across countries may restrain the growth of this market to some extent over the forecast period. On basis on type: Smokeless Moxa Sticks are projected grow at highest CAGR due their smokeless feature which make it easy-to-use and safe for both user and environment as well as Smoke Moxa Sticks are projected grow at moderate rate due their traditional use . On basis on application: Local Moxibustion segment dominates with largest share due its widespread use for various medical conditions while Whole Body Mxobustration is fastest growing application Segment .
Product Definition:
Moxa sticks are made from the dried leaves of a Chinese herb, Artemesia vulgaris. The leaves are twisted into a small cone and then smoked over a low flame to release their therapeutic properties. Moxa is used to treat conditions such as chronic pain, fatigue, anxiety and depression.
Smokeless Moxa Sticks:
Moxa sticks are a form of moxa root used in Chinese medicine to treat a wide range of diseases such as rheumatoid arthritis, gout, and swelling due to injury. The active ingredients present in the smokeless moxa sticks help reduce pain by affecting the neuroendocrine system. It also helps boost immunity and improve overall health.
Smoke Moxa Sticks:
Moxa sticks or smoke moxa is a traditional Chinese medicine that helps in the treatment of cancer. It is also used for pain relief, as an anti-inflammatory and to reduce fever. The active ingredients present in the plant are believed to have anti-cancerous properties.
The active ingredients present in the plant are believed to have anti-cancerous properties.
Application Insights:
The whole body moxibustion segment held the largest market share in 2017. This is due to its growing popularity among patients suffering from chronic pain and other diseases. The local moxibustion technique is also witnessing a rise in application areas, owing to its low cost and easy availability. These sticks are used for various purposes, such as pain management, relaxation techniques, anxiety reduction & stress management among others.
The local moxa stick application segment dominated the global industry in terms of revenue share in 2017 owing to increasing demand for this product from spas and massage centers around the world.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period. China and Japan are among the largest countries that dominate this region in terms of usage of moxa sticks for medical purposes. Asia Pacific has a large number of acupuncture centers, which makes it one of the most lucrative regions for manufacturers to invest in R&D activities related to moxa sticks and acupuncture techniques.
North America is anticipated to be one of fastest growing regional markets over the forecast period owing to increasing demand from U.S., Canada, and Mexico on account localization treatment through whole body Moxibustion (WBM).
Growth Factors:
- Increasing demand for Moxa sticks from traditional Chinese medicine practitioners and other alternative medicine practitioners.
- Growing popularity of aromatherapy as a complementary and alternative treatment modality, which is driving the demand for Moxa sticks.
- Rising awareness about the health benefits of using Moxa sticks, especially among people suffering from chronic diseases such as arthritis, asthma, and cardiovascular diseases.
- Increasing number of research studies that are highlighting the therapeutic potential of Moxa sticks in various medical conditions.
Scope Of The Report
Report Attributes
Report Details
Report Title
Moxa Sticks Market Research Report
By Type
Smokeless Moxa Sticks, Smoke Moxa Sticks
By Application
Local Moxibustion, The Whole Body Moxibustion
By Companies
China Beijing Tongrentang Co. Ltd, Anyang Jiutou Xian Ai Industry Co., Ltd, Hubei Qiaitang Technology Co., Ltd, Li Shizhen Pharmaceutical Group Co. Ltd, Jinan Omai Medical Equipment Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Moxa Sticks Market Report Segments:
The global Moxa Sticks market is segmented on the basis of:
Types
Smokeless Moxa Sticks, Smoke Moxa Sticks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Local Moxibustion, The Whole Body Moxibustion
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- China Beijing Tongrentang Co. Ltd
- Anyang Jiutou Xian Ai Industry Co., Ltd
- Hubei Qiaitang Technology Co., Ltd
- Li Shizhen Pharmaceutical Group Co. Ltd
- Jinan Omai Medical Equipment Co., Ltd
Highlights of The Moxa Sticks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smokeless Moxa Sticks
- Smoke Moxa Sticks
- By Application:
- Local Moxibustion
- The Whole Body Moxibustion
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Moxa Sticks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Moxa sticks are a type of Chinese medical device that is used to treat pain. They are made from a plant called Moxa, which is related to the ginger family. Moxa sticks are often used in Traditional Chinese Medicine (TCM) to treat various types of pain, including headaches, toothaches, and menstrual cramps.
Some of the major companies in the moxa sticks market are China Beijing Tongrentang Co. Ltd, Anyang Jiutou Xian Ai Industry Co., Ltd, Hubei Qiaitang Technology Co., Ltd, Li Shizhen Pharmaceutical Group Co. Ltd, Jinan Omai Medical Equipment Co., Ltd.
The moxa sticks market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Moxa Sticks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Moxa Sticks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Moxa Sticks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Moxa Sticks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Moxa Sticks Market Size & Forecast, 2020-2028
4.5.1 Moxa Sticks Market Size and Y-o-Y Growth
4.5.2 Moxa Sticks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Smokeless Moxa Sticks
5.2.2 Smoke Moxa Sticks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Local Moxibustion
6.2.2 The Whole Body Moxibustion
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Moxa Sticks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Moxa Sticks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Smokeless Moxa Sticks
9.6.2 Smoke Moxa Sticks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Local Moxibustion
9.10.2 The Whole Body Moxibustion
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Smokeless Moxa Sticks
10.6.2 Smoke Moxa Sticks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Local Moxibustion
10.10.2 The Whole Body Moxibustion
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Smokeless Moxa Sticks
11.6.2 Smoke Moxa Sticks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Local Moxibustion
11.10.2 The Whole Body Moxibustion
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Smokeless Moxa Sticks
12.6.2 Smoke Moxa Sticks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Local Moxibustion
12.10.2 The Whole Body Moxibustion
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Smokeless Moxa Sticks
13.6.2 Smoke Moxa Sticks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Local Moxibustion
13.10.2 The Whole Body Moxibustion
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Moxa Sticks Market: Competitive Dashboard
14.2 Global Moxa Sticks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 China Beijing Tongrentang Co. Ltd
14.3.2 Anyang Jiutou Xian Ai Industry Co., Ltd
14.3.3 Hubei Qiaitang Technology Co., Ltd
14.3.4 Li Shizhen Pharmaceutical Group Co. Ltd
14.3.5 Jinan Omai Medical Equipment Co., Ltd
