Future Market Insights (FMI), a renowned market intelligence and consulting firm, unveils promising projections for the global cold plasma market, signaling a lucrative trajectory in the coming years. According to FMI’s estimations, the global cold plasma market is poised to reach a substantial revenue of US$ 2469.5 million by the end of 2023.
This impressive growth trend is underpinned by FMI’s comprehensive research, which underscores the versatility and impact of cold plasma technology across diverse industries. As per FMI’s analysis, the global cold plasma market is expected to witness a robust Compound Annual Growth Rate (CAGR) of 14.3%, culminating in a projected market size of US$ 9380.9 million by 2033.
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The upward surge in the adoption of cold plasma technology is emblematic of its myriad applications and benefits across industries. From healthcare to electronics manufacturing, cold plasma technology is revolutionizing processes, driving efficiencies, and fostering innovation.
“This projected growth reflects the growing recognition of cold plasma as a game-changing technology with transformative potential across industries,” remarked a spokesperson from Future Market Insights. “We anticipate sustained investments in research and development, coupled with strategic collaborations, to further propel the expansion of the global cold plasma market.”
Key factors contributing to the proliferation of cold plasma technology include its eco-friendly nature, efficacy in sterilization processes, and its ability to enhance material properties without compromising integrity. These attributes position cold plasma technology as a frontrunner in the quest for sustainable and efficient solutions.
As industries continue to prioritize sustainability, efficiency, and innovation, the global cold plasma market is poised to emerge as a pivotal driver of technological advancement and economic growth.
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.
- Thierry Corporation
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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About Future Market Insights (FMI)
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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