The global cold plasma market accounted for USD 1.2 billion in 2019. It is projected to grow at a CAGR of 14.9% during the forecast period.
COVID-19 has affected all the business across the globe. Due to lockdown and movement restriction norms has affected all the business including medical business in the early phase of forecast period. Social distancing norms have reduced demands of various essential and non essential services. In the latter phase of forecast period this market is likely to foresee growth.
For more details, visit: Global Cold Plasma Market By Regime (Low-Pressure Cold Plasma, Atmospheric Cold Plasma), By Application (Wound Healing, Blood Coagulation, Others), By End User ( Automotive, Medical, Others), By Region–Forecast & Opportunities to 2026
Innovation in textile industries is likely to drive the cold plasma market in coming years. Textile industries are adopting cold plasma at large scale in its industries. Along with textile industry the food industry is also adopting cold plasma due to food safety concerns will also drive the global cold plasma market.
Based on regime, the cold plasma market is segmented into low-pressure cold plasma and atmospheric cold plasma. The low-pressure cold plasma accounted for maximum market share in 2019. The low-pressure cold plasma segment is estimated to witness growth at highest CAGR during the forecast period. The minimum surface ablation and bactericidal activity attributed the growth of this segment.
Based on application, the cold plasma market is segmented into wound healing, Blood coagulation, cancer treatment, dentistry andother application. The wound healing segment is projected to register growth at highest CAGR during the forecast period. The cold plasma treatment is very advantageous in medical industry. It has minimum side effects. Hence it is more preferred in wound healing segment.
Based on end-user, the cold plasma market is segmented into Electronics & Semiconductors, Automotive, Medical, Food Processing & Packaging, Polymers & Plastics, Aerospace and Others. The medical segment is expected to register growth at highest CAGR. The growth can be attributed by the large scale use of cold plasma technology in treatment of various diseases in medical sector.
Asia-Pacific region is expected to register growth at highest CAGR during the forecast period. Various electronics industries are shifting in Asia-Pacific region. The demand for safety sterile cloths, production of textiles and decontaminated frozen food are increasing at a large scale. This drives the growth in Asia-Pacific region.
The key market players in cold plasma market are Apyx medical Corp., Adtec Plasma Technology, Nordson Corp., Relyon Plasma GmbH, Enercon Industries, P2i, Henniker Plasma, AcXys Plasma Technologies, Tantec A/S, Plasmatreat, Europlasma, Thierry Corp., Surfx Technologies, Coating Plasma, SOFTAL Corono & Plasma, Ferrarini & Benelli, Neoplas GmbH, US Medical Innovations, and COMET Plasma Control Technologies.
- What are the expected industry trends over the next three to five years?
- Which of the cold plasma application is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?