As per our research report, the global cold plasma market size is estimated to be growing at a CAGR of 16.36% from 2022 to 2027 and grow to USD 5.46 billion by 2027 from USD 2.56 billion in 2022.
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Cold plasma is a type of plasma that is also known as a non-equilibrium plasma or non-thermal plasma. Cold plasma has various advantages, including removing fluorine, grease, oils, and grime from the surface, resulting in improved initial adhesion, long-term stability, and wetting. Cold plasma technology disinfects food packaging and other products by utilizing cold gases. Bioengineering, healthcare, and other industries are all using it.
The Covid-19 pandemic substantially influenced the cold plasma market in 2020-2021. During the global lockdown and mobility limitations implemented to contain the virus spread and flatten the curve, however, disruptions in industries such as electronics and semiconductors, textile, polymer & plastic, food & agricultural, and medical could occur. As the number of COVID-19 patients has grown, plasma therapy has shown to be effective in treating the virus. The use of cold plasma therapy as a treatment for the ongoing COVID-19 outbreak is also being supported. Even in India, it was discovered that a hospital in Delhi had successfully treated a COVID-19 patient with plasma therapy. The patients were found to have a higher respiratory rate and oxygen saturation. Cold plasma disinfection is also gaining popularity to extend the life of personal protective equipment. Due to a lack of sterile and protective clothing, healthcare workers treat current gear with cold plasma, which efficiently kills any pathogens on the surface.
Cold plasma techniques have been adopted because of their advantages over currently employed alternatives in application industries. Cold plasma manufacturers’ primary approach has been to penetrate unexplored markets while expanding their existing customer bases. To improve their operational efficiency, significant players in the Cold Plasma market are focusing on acquisitions, partnerships, collaborations, and expansions. Concerns about food safety and innovations in textile manufacturing and lower water demand for the process are also expected to fuel the development of the cold plasma business. Furthermore, with an increase in the geriatric population comes an increase in the diabetic population, which leads to chronic wounds like foot ulcers, boosting the entire market. As a result, the rising use of cold plasma across numerous sectors propels the cold plasma market.
The global market is being driven by an increase in the usage of cold plasma in medical therapy and an increase in the number of cases of Hospital-Acquired Infections (HAI). Plasma technology has been used in the healthcare industry for a long time and continues to develop numerous therapies. Cold plasma’s capacity to destroy bacteria and prevent infection is one of its most essential qualities. The increased demand for medical research to discover treatments for lung, bladder, skin, and breast cancer presents significant market growth opportunities. Furthermore, cold plasma technology has given a new perspective to food decontamination in ambient conditions, propelling the cold plasma market over the forecast period. When used in conjunction with chemotherapy, cold plasma improves wound sterilization, blood coagulation, and cell proliferation during wound healing. Its use allows doctors to treat cancer and other skin lesions and illnesses successfully.
The high cost of applying cold plasma technology, on the other hand, is a huge challenge for the market. The significant capital expenditure required to develop low-cost plasma technologies and their limited commercialization are anticipated to hinder the market’s growth.
Cold plasma adoption has also been hampered by a lack of awareness about the technology. As a result, these factors-limited of, commercialization and low awareness are likely to provide a significant challenge to the market’s growth unless overcome.
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SEGMENTS COVERED UNDER THIS REPORT:
By Industry:
- Food & Agriculture
- Medical
- Textiles
- Electronics & Semiconductors
- Polymers
By Application:
- Decontamination
- Adhesion
- Finishing
- Sterilization
- Coating
- Cleaning and Activation
- Printing
- Wound Healing
By Regime:
- Low Pressure
- Atmospheric Pressure
By Region:
- North America
- The U.S.
- Canada
- Rest of North America
- Europe
- UK
- France
- Spain
- Germany
- Italy
- Rest of EU
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia & New Zealand
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Rest of Latin America
- Middle East
- Africa
KEY MARKET INSIGHTS:
Based on the regime, in terms of share, the atmospheric cold plasma segment led the global market in 2021. Because of its anti-tumor qualities, cold atmospheric plasma is commonly employed in cancer treatment. In addition, it helps kill microorganisms without harming healthy human tissues.
Based on the application, the wound healing segment is expected to develop at the quickest rate in the global market over the forecast period. Rising occurrences of traffic accidents and traumatic injuries and rapid adoption of advanced cold plasma technology for wound therapy are among the primary reasons driving this segment’s growth.
North America leads the cold plasma market, followed by Europe because of essential market participants and the availability of numerous FDA-approved products. In addition, the usage of technologically improved products is increasing, fuelling market expansion.
In 2021, Europe had the second-largest share in the global market. Germany’s considerable global market share can be attributed to the presence of many cold plasma manufacturers and rising R&D initiatives. This is owing to an increase in the adoption of technologically advanced products, which will propel the region’s cold plasma market growth over the forecast period.
Furthermore, the Asia-Pacific market is predicted to grow rapidly, owing to rising demand for cold plasma technology and most global businesses focusing on building and expanding their R&D and distribution networks in this area. In addition, the overall market growth is projected to be aided by rising disposable income levels and a growing target population base.
The cold plasma market in Latin America is expected to grow fastest. The demand for cold plasma technology in medical and industrial applications such as healthcare devices and diagnostics, semiconductor production equipment, and the surface treatment industry is driving the growth of the Latin American cold plasma market.
Enercon Industries Corporation, Henniker Plasma, ADTEC Plasma Technology Co. Ltd., Europlasma NV, Neoplas Tools GmbH, P2i Limited, Nordson Corporation, Plasmatreat GmbH, Vetaphone A/S, and Tantec A/S are some of the noteworthy companies operating in the global cold plasma market profiled in this report.
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Browse Related Reports:
- North America Cold Plasma Market
- Europe Cold Plasma Market
- APAC Cold Plasma Market
- Latin America Cold Plasma Market
- MEA Cold Plasma Market
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