1. Introduction to Cold Plasma Market
The Cold Plasma Market is a rapidly growing industry in the medical and pharmaceutical industries. Cold plasma is a technology that uses electric fields and low-temperature plasma to create a variety of industrial and medical applications. Cold plasma has the potential to revolutionize the healthcare industry by offering many new treatments and therapies that are both safe and cost-effective. This technology is being used in a variety of ways, including sterilization and wound healing, tissue engineering, and drug delivery. With the increasing demand for cold plasma solutions, the market is expected to grow at a rapid pace in the coming years.
2. Factors Driving Growth in the Cold Plasma Market
1. Increasing Application Scope: Cold plasma is being increasingly used in a variety of industrial and medical applications, such as sterilization and decontamination, material surface treatment, and agriculture. This is driving the growth of the cold plasma market.
2. Growing Awareness about Benefits of Cold Plasma: Cold plasma has been found to be effective in a wide range of applications, such as surface modification, sterilization and decontamination, material surface treatment, and agriculture. This is leading to an increase in awareness about the benefits of cold plasma and driving the growth of the market.
3. Technological Advancements: Manufacturers are focusing on developing advanced cold plasma technologies for various applications. This is leading to improved performance and cost-effectiveness of cold plasma systems. This is driving the growth of the cold plasma market.
4. Government Support: Governments around the world are providing support to manufacturers of cold plasma technology, which is driving the growth of the market.
5. Growing Medical Industry: The increasing demand for cold plasma in the medical industry is another factor driving the growth of the cold plasma market.
3. Types of Cold Plasma Technologies
1. Atmospheric Pressure Plasma: This type of cold plasma technology is used for surface treatment, sterilization, and material activation. It operates at atmospheric pressure and uses a low voltage of around 1-2 kilovolts.
2. Low Pressure Plasma: This type of cold plasma technology operates at a low pressure, usually from 0.5 to 50 millibar. It can be used for surface treatment, sterilization, and material activation.
3. Dielectric Barrier Discharge: This type of cold plasma technology uses a dielectric barrier to create a plasma discharge. It is used for surface treatment, sterilization, and material activation.
4. Microplasma: This type of cold plasma technology operates at a very low pressure, usually around 0.1 millibar. It is used for surface treatment, sterilization, and material activation.
5. Capacitively Coupled Plasma: This type of cold plasma technology uses two electrodes to create a plasma. It is used for surface treatment, sterilization, and material activation.
4. Leading Companies in the Cold Plasma Market
The prominent players in the cold plasma market include Apyx Medical Corporation (US), Nordson Corporation (US), Adtec Plasma Technology Co. Ltd. (Japan), P2i (UK), Relyon Plasma GmbH, (Germany), Henniker Plasma (UK), Enercon Industries (US), AcXys Plasma Technologies (France), Plasmatreat (Germany), Tantec A/S (Denmark), Europlasma (Belgium), Thierry Corporation (Germany), Surfx Technologies (US), SOFTAL Corona & Plasma (Germany), Coating Plasma Innovation (France), Ferrarini & Benelli (Italy), Neoplas GmbH (Germany), terraplasma GmbH (Germany), Molecular Plasma Group (Germany), and CINOGY GmbH (Germany), US Medical Innovation (US).
Recent Developments
- Relyon plasma GmbH launched atmospheric plasma system, piezobrush PZ3.
- Hennikar plasma signed a partnership with Irida (Spain), this helped the company to strengthens its geographic presence in spain.
- Nordson Corporation launched FlexTRAK-SHS automated plasma treatment system. The FlexTRAK-SHS system’s advanced automation enables simultaneous strip buffering and plasma processing for higher chamber utilization
- P2i launched Dunkable, a system-level waterproofing solution that enables a smartphone to operate normally despite being fully submerged for long periods, and the outer case breached.
- Europlasma launched a nanocoating product Plasmaguard.
5. Regional Outlook of the Cold Plasma Market
The cold plasma market is expected to grow significantly in North America and Europe, due to the presence of a large number of market players, ongoing research activities, and a large number of healthcare facilities in the region. In addition, the presence of established players such as LumaMed, Inc., Plasmatreat GmbH, and Plasma Solutions, Inc., has further fueled the growth of the market in the region.
Asia-Pacific is expected to be the fastest-growing region in the cold plasma market. This is due to the increasing acceptance of advanced technologies, growing healthcare expenditure, and the rising number of hospitals in the region. In addition, the presence of developing countries, such as India and China, is expected to create lucrative opportunities for market players in the region.
The cold plasma market in the Middle East & Africa and Latin America is expected to register steady growth over the forecast period, due to the increasing government initiatives for the development of healthcare infrastructure in the region.
6. Market Forecast and Trends
The increasing demand for cold plasma technology in various industries such as food and beverage, textiles, medical, and automotive is driving the growth of the market. Cold plasma is increasingly being used for surface modifications, decontamination processes, and other industrial applications.
The increasing demand for cold plasma technology in the medical industry is driving the market growth. Cold plasma technology is being used for decontamination, sterilization, wound healing, and other applications. In addition, government initiatives and regulations are expected to drive the growth of the market. For instance, the U.S. Food and Drug Administration (FDA) has approved cold plasma technology for decontamination of medical devices.
The increasing demand for cold plasma technology in the food and beverage industry is further driving the growth of the market. Cold plasma technology is increasingly being used for surface modification, decontamination, and sterilization of food and beverage products. Moreover, the rising demand for cold plasma technology in the automotive industry is expected to drive the market growth. Cold plasma is being used for the surface modification of automotive components to improve their performance and durability.
7. Conclusion
The future of the Cold Plasma Market looks bright, with continued growth in the medical, industrial and consumer sectors. The market is expected to witness strong growth in the coming years, with increasing demand for cold plasma for a variety of applications, such as sterilization, food preservation, surface treatment, and air purification. New advancements in the technology are also likely to drive the market. Companies are investing heavily in research and development activities to come up with more efficient and cost-effective cold plasma solutions. Thus, the Cold Plasma Market is poised to grow at a healthy rate in the coming years.By Regime, the atmospheric cold plasma segment is expected to grow at the highest CAGR during the forecast period (2021-2026)
