Cold plasma, popularly known as non-thermal plasma, is the new cutting edge concept that has wide applications in medical devices. The technology has transformed various medical specialties such as cardiology, dermatology, gastroenterology, and oncology and has been extensively used to assist surgeries related to these areas. Cold plasma has wide ranging applications in bioengineering and to provide antimicrobial treatment food processing propelling the growth of cold plasma market. Recently, the emerging application of cold plasma in cancer therapies is an exciting field and is expected to significantly affect the current researches in cancer therapeutics, driving the evolution of the cold plasma market.
The report offers in-depth insights into key market drivers and restraints, current trends, recent developments, regulatory framework, and emerging opportunities that can be capitalized by the market players. The study is prepared with the help of extensive secondary and primary researches and provides analysis of the market share and size of key applications segments.
Recent technological advances and disruptive technologies expected to alter the competitive dynamics are analyzed in the report. The strategically motivated insights included in the report are intended to help the key market players in identifying lucrative avenues and evidence-based decision making.
The cold plasma market is primarily driven by unique benefits of cold plasma techniques, demand for innovative production techniques in textile industry and other end-use industries, and soaring concerns of safety and decontamination for processed foods. Cold plasma has been increasingly used to make self-decontaminating filters and in decontamination of various food, particularly meat and poultry packaging. This has propelled the growth of the market.
Considerable capital investment involved in developing cost plasma technologies and their limited commercialization are likely to impede the growth of the market to some extent. However, the expanding applications of cold plasma in various end-use industries such as such as food, agriculture, and polymers and plastics segments across developing nations are the factors boosting the market.
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The enhanced efficacy of cold plasma in devising therapies for various types of cancer, such as lung, breast, bladder, and skin is expected to create vast opportunities for the market players along the forecast period. A large number of in-vitro and in-vivo studies have confirmed that cold plasma technology can be used to selectively kill cancer cells. Key characteristics that have boosted the use of cold plasma in cancer therapies are plasma-induced apoptosis and in decreasing the cell migration velocity. This helps in localizing the affected tissue area and by reducing the risk of cancer metastasis.
Europe and North America are prominent markets for cold plasma technology. The impressive growth is driven by the wide presence of global cold plasma companies that have facilitated the accessibility of the technologies. However, Latin America and Asia-Pacific are expected to showcase promising opportunities for companies in the cold plasma market. The regional growth is driven by rising economical and infrastructural activities across various emerging countries, such as China, Thailand, India, and Indonesia. Furthermore, significant technological developments in the electronics and semiconductor industry are expected to fuel the growth of the regional market.
Leading players are adopting mergers and acquisitions as the key strategy to consolidate their presence in different emerging markets. Prominent companies operating in this market include Nordson Corporation, Bovie Medical Corporation, Plasmatreat GmbH, Adtec Plasma Technology Co., Ltd., Enercon Industries Corporation, Neoplas Tools GmbH, Europlasma NV, and Tantec A/S Henniker Plasma.
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