The cold plasma equipment market was valued at US$ 96.67 million in 2019 and is expected to grow at a CAGR of 15.7% from 2020 to 2027 to reach US$ 308.14 million by 2027.
Cold plasma is also called as non-thermal plasma and used in wide range of applications in various industries including medical, food and biomedical industries. It is a powerful tool which is used to provide antimicrobial treatment for foodstuffs and food packaging materials. The invention to develop the technology is to develop in-package decontamination. The cold plasma technology offers non-thermal treatment of foods post-packaging. The global cold plasma equipment market is being driven by factors such as rising use of cold plasma in medical treatment, increasing hospital acquired infections (HAI), and government initiatives for prevention of healthcare associated infections (HAIs). On the other hand, growing global healthcare industry is likely to offer significant opportunity for the growth of the global cold plasma equipment market during the forecast period.
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Some of the prominent players operating in cold plasma equipment market are, Nordson Corporation, Plasmatreat GmbH, Adtec Healthcare, Henniker Plasma, Europlasma NV, Tantec GmbH, TheraDep Technologies, Inc., terraplasma medical GmbH, Apyx Medical and neoplas tools GmbH. The market players are focused towards gaining significant funding and investment for development of new products in order to sustain their position in the market. For instance, in September 2017, US Medical Innovations (USMI) and George Washington University entered into an agreement to launch a new plasma based cancer therapy.
The cold plasma equipment market is bifurcated on basis of regime into low-pressure cold plasma, atmospheric cold plasma. Cold plasma (or non-equilibrium plasma) is the plasma in which the temperature of the constituents varies from one another. Cold plasma equipment therapy provides a new way to keep hospital patients safe from infections. In 2019, the atmospheric cold plasma equipment dominated the market by regime type contributing a significant share in the market. This attributes to the advantages offered by atmospheric plasma as it is a dry process, requires little energy and economic advantages offered over traditional processing techniques.
The cold plasma equipment market, by application, is segmented into wound healing, blood coagulation, cancer treatment, dentistry and others. In 2019, the wound healing segment captured the largest share in the global cold plasma equipment market by application. This owes to efficient results shown by cold plasma in treatment of chronic wounds leading to its rising adoption by healthcare professionals. The ability of cold plasma to disinfect, kill bacteria, prevent infection and accelerate wound recovery are some of the other factors dominating the growth of the segment. On the other hand, extensive research and development studies witnessing positing results for cold plasma as an effective treatment in cancer is likely to be responsible for cancer treatment to witness fastest growth in the cold plasma equipment market, by application.
The report segments the global cold plasma equipment market as follows:
Global Cold Plasma Equipment Market – By Regime
Global Cold Plasma Equipment Market – By Application
Global Cold Plasma Equipment Market – By Geography
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