The invention relates to a medical patch, and specifically relates to a medical magnetic therapy type hot compressing patch for treating soft tissue pain and a preparation method thereof. The medical magnetic therapy type hot compressing patch comprises a nonwoven fabric bag, a heating magnetic therapy layer arranged at the nonwoven fabric layer, and a pressure sensitive adhesive belt for fixing the nonwoven fabric bag, wherein the heating magnetic therapy layer is prepared from the following raw materials in percentage by weight: 35 to 45% of iron powder reduced, 8 to 12% of permanent magnetic powder,10 to 16% of activated carbon, 0.5 to 2% of super absorbent polymer, 1 to 6% of sodium chloride, and the balance of purified water. According to the medical magnetic therapy type hot compressing patch, the thermal therapy and the magnetic therapy are combined; the medical magnetic therapy type hot compressing patch has the physiotherapy and treatment effects for inflammations and pain caused by rheumatic arthritis, pain in waist and lower extremities, cervical spondylosis, lumbar disc herniation, scapulohumeral periarthritis, soft tissue injury, osteoproliferation, sciatica, pain from rheumatism, knee joint injury, chronic prostatitis, chronic mastitis, hyperplasia of mammary glands, chronic pelvic inflammatory disease, chronic gastroenteritis, chronic gynaecology inflammation, cold in uterus, stomach cold and pain from rheumatism.