The global Cold Plasma Market is expected to reach US$ 2469.5 million in 2023 and US$ 9380.9 million by 2033. During the forecast period, the market is expected to develop at a 14.3% CAGR.
From 2022 to 2032, the Cold Plasma market is anticipated to expand at a 15.0% CAGR. FMI’s recent report projects the cold plasma market to expand staggeringly, attributed to its increasing application in the healthcare industry to treat hospital acquired infections. In its new study that tracks markets across 20+ countries, the report opines demand from food processing industry to complement growth in addition to the sustained demand from healthcare sector.
Additionally, recent clinical trials have established the effectiveness of cold plasma treatment in the removal of post-surgery cancer tumors, especially in the breast and lung segments. The treatment is widely accepted due to its ability to target malignant tissues and leave healthy ones intact.
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Cold plasma treatment is also being touted as an effective remedy against the ongoing COVID-19 pandemic. The capability to neutralize over nine out of ten pathogens from the airstream is prompting healthcare providers to increase their research in this area of treatment.
Key Takeaways:
- Low temperature atmospheric pressure plasma to capture the lion’s share during the forecast period
- Food processing & packaging slated to expand impressively due to increased awareness regarding food contamination due to surface pathogens
- Administration for healing chronic wounds to experience immense white spaces in terms of application
- North America to retain market hegemony, Asia-Pacific offer lucrative prospects in the textile industry
Competitive Intelligence:
Prominent players within the global cold plasma market include Nordson Corporation, Europlasma NV, Plasmatreat GmBh, Terraplasma Medical GmBh, Henniker Plasma, US Medical Innovations, Molecular Plasma Group, Nordson Corporation, Adtech Plasma Technology Co Ltd., Smith & Nephew plc and Thierry Corporation to name a few.
In February 2020, Adtech Plasma Technology initiated a new project in collaboration with Hull York Medical School for testing gas plasma on osteomyelitis bone infections. The project will assist in establishing a laboratory testing model for evaluating and optimizing plasma treatment for osteomyelitis biofilm infections.
Plasma treat has deployed a prototype cleaning station in conjunction with the Bavarian Red Cross for disinfecting single-use protective clothing for frontline COVID-19 healthcare workers.
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Cold plasma Market: Segmentation:
Regime Type:
- Low-pressure
- Atmospheric pressure
Application:
- Wound Healing
- Cancer Treatment
- Blood Coagulation
- Dentistry
- Packaging Decontamination
- Food Surface Decontamination
- Wastewater Treatment
- Seed Germination
Technology:
- Remote Treatment
- Direct Treatment
- Electrode Contact
End-user:
- Medical Industry
- Textile Industry
- Electrical & Electronic Industry
- Food & Agriculture Industry
Region:
- North America
- Latin America
- Europe
- Middle East & Africa (MEA)
- East Asia
- South Asia
- Oceania
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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