Domestic market of acupuncture and moxibustion apparatus
- VernacularTitle:はり又はきゅう用器具の国内市場規模
- Author:
Shogo MIYAZAKI
1
;
Shin OSAWA
2
;
Hideaki WAKI
1
Author Information
- Keywords: Equipment and Supplies; Needs Assessment; Compound Annual Growth Rate (CAGR); Acupuncture and Moxibustion Therapy
- From:Journal of the Japan Society of Acupuncture and Moxibustion 2024;74(4):336-342
- CountryJapan
- Language:Japanese
- Abstract: [Introduction] The domestic market for medical devices is expected to increase steadily against the backdrop of growing medical needs due to the aging population. This will create more business opportunities for medical device manufacturers. However, clarity regarding the domestic market for the medical device category "acupuncture and moxibustion apparatus" is poor, and information is lacking for companies to use when considering implementing new business development strategies.[Materials and Methods] Data from the "Statistics of Production by Pharmaceutical Industry" for the last five years (2019-2023) were used as the information source, and medical devices categorized as "acupuncture and moxibustion apparatus" were analyzed.[Results] The average domestic market size (production value + import value - export value) for acupuncture and moxibustion devices over the past five years was 7,141,948,800 JPY (95% confidence interval: 6,095,584,238-8,112,805,362), and the average annual growth rate was -4.29%. In terms of the average annual growth rate by generic name, "home-use affixed contact grains" (12.8%) had the largest growth rate; "warm moxibustion devices" (9.3%) and "non-invasive home-use acupuncture and moxibustion devices" (5.7%) showed positive growth; while "reusable acupuncture needles" (-1.3%), sterilized needles" (-5.8%), and "non-active contact needles" (-23.8%) showed negative growth.[Conclusion] Among devices in the category "acupuncture and moxibustion devices", "home-use affixed contact grains", "warm moxibustion devices", and "non-invasive home-use acupuncture and moxibustion devices" showed positive growth over the past five years. Thus, these are the medical device categories for which new business development can be expected.
