Global Cold Plasma Market- Industry Trends & Forecast Report 2027 - PDF document

Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 Global Cold Plasma Market - Industry Trends & Forecast Report 2027 Summary Global Cold Plasma Market, By Application (Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, and Other Medical Applications), By Regime (Low - pressure Cold Plasma, Atmospheric Cold Plasma), By Region (North America, Europe, Asia - Pacific (APAC), Latin America (LATAM), Mi ddle - East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017 - 2027 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting , revealed that the global cold plasma market was worth USD 1.9 billion in the year 2020. The data yielded by the study reveals that the market is estimated to grow at a CAGR of 18.3%, earning revenue of around USD 5.8 billion by the end o f 2027. The high effectiveness that cold plasma offers from the protection of viruses and bacteria and treatment of infection and wounds are acting as the driving factors of the growth of the cold plasma market. Additionally, the benefits offered by cold p lasma, such as its eco - friendliness, is also driving the market forward. Also, advancements in cold plasma technology, as well as the rising usage of cold plasma in poultry packing decontamination, are powering the growth of the market . Global Cold Plasm a Market - Industry Trends & Forecast Report 2027 The global cold plasma market was worth USD 1.9 billion in 2020 and is further projected to reach USD 5.8 billion by the year 2027, growing at the CAGR of 18.3% in the forecast period (2021 - 2027). The demand for cold plasma is advancing View report Press release Sample report Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 because of its expanding adoption in medical treatment with the rising incidences of Hospital - Acquired Infections (HAIs). The use of cold plasma in plasma therapy for the treatment of Covid - 19 is also becoming a significant fa ctor in the growth of the cold plasma market. Global Cold Plasma Market - Overview Cold plasma is an ionized gas in which the constituent atoms are at different temperatures. The temperature of neutral atoms is normal, whereas the temperature of electrons is higher. The cold plasma treatment is usually used for wound sterilizing and heal ing as it offers painless as well as contactless treatment. Cold plasma therapy is highly preferred for treating chronic wounds and burns. After being exposed to cold plasma, bacterial cells, particularly Multidrug Resistant bacteria, are instantly destroy ed. Furthermore, plasma treatment is relatively cost - effective, making it accessible to a larger population. As a result, demand for this treatment is increasing rapidly, which is driving up the demand for cold plasma, particularly in the medical sector. G lobal Cold Plasma Market Forecast and Trends Growth Drivers High Applicability of Cold Plasma in Various Industries Cold plasma has a broad range of applications and is widely used in a variety of industries, including medicine, textiles, dyeing, printing, polymer and plastic manufacturing, and so on. They are widely utilized in the processing sector because they provid e numerous benefits, including low energy and water consumption, reduced fiber degradation, reduced chemical consumption, and environmental and health benefits, among others. Furthermore, unlike other chemicals, it does not require a high - quality supply an d storage, which saves the manufacturing houses a lot of money. Treatment of Infection and Prevention from Bacteria and Virus Cold plasma is capable of killing viruses and bacteria with high resistance, as well as preventing infectious or communicable diso rders. It is also useful in eradicating antibiotic - resistant viruses and bacteria, as well as in preventing infectious or communicable disorders. Cold Plasma has emerged as a very effective method for cleaning surfaces to destroy the coronavirus while keep ing the environment safe and hygienic in the wake of the Covid - 19 outbreak. Furthermore, clothing nowadays is made available only after cold plasma treatment. This has a huge impact on the growth of the cold plasma market, propelling it forward. Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 Restraints Huge Capital Requirement may hinder the Market Cold plasma production and adoption are both prohibitively expensive. Installation of sophisticated equipment necessitates large investments, and vacuum pumps add to the costs. Because of the high capital req uirement, potential players are hesitant to enter the market, and small businesses may be unable to expand substantially or must rely on private investment and funding. Moreover, cold plasma production processes necessitate special operating conditions. Fo r example, vacuum equipment used in producing cold plasma needs special operating settings such as low temperatures and controlled vacuum levels. Impact of Covid - 19 on Global Cold Plasma Market The demand for cold plasma increased so quickly after the rele ase of Covid - 19 that even manufacturers and distributors were caught off guard. According to experts, if the therapy is done at room temperature, cold plasma is particularly successful in killing the coronavirus on various surfaces. As a result, its applic ation for the treatment of patients infected with Covid - 19, as well as disinfecting the surfaces, mainly in the healthcare facilities expanded substantially, pushing the market forward. As a result, cold plasma emerged as one of the few viable choices for treating and eradicating the coronavirus. Global Cold Plasma Market - By Application Based on applications, the global cold plasma market is segmented into blood coagulation, wound healing, dentistry, cancer treatment, and other medical applications. Among these, the cancer treatment segment is leading the market and is likely to dominate even during the forecast period. The wound healing segment is also growing at a faster pace. Cold plasma is particularly effective in destroying bacterial cells as well as other pathogens that are resistant to antibiotics. Moreover, patients prefer prototype plasma treatment over other treatments for chronic wounds and burns because it eliminates itching and pain. Global Cold Plasma Market - By Regime Based on the regime, t he market is divided into low - pressure cold plasma and atmospheric cold plasma. The global cold plasma market has a high demand for atmospheric cold plasma, due to which it held the largest share in the market in the year 2020. Atmospheric cold plasma has numerous applications in areas such as health, packaging, and textiles. However, it is expected that low - pressure cold plasma will lead the market to a growing CAGR over the forecast period. Its rising adoption and application in semiconductor manufacturin g, as well as the electronic industry, is propelling the market growth. Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 Global Cold Plasma Market - Regional Insights Geographically, the global cold plasma market is segmented into North America, Europe, Asia - Pacific (APAC), Latin America (LATAM), and Mid dle - East & Africa (MEA). Among these regions, North America held the largest market share in the year 2020. This dominance is due to the high concentration of key market players in the region, along with the availability of a wide variety of FDA - approved p roducts. Furthermore, the rising technological advancements and developments taking place in the medical sector is contributing to the growth of the cold plasma market in this region. Competitive Landscape The leading market players in the global cold pla sma market are U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma GmbH, P2i Limited, Cinogy Technologies gMbh, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat GmbH, Coating Plasma Innovation, Thierr y Corporation, Enercon Industries Corporation, Europlasma NV and other prominent players. The competitive landscape of this market is very consolidated and is essentially led by giants. The companies are consistently engaging in market expansion by adoptin g competitive strategies like partnerships, agreements, mergers & acquisitions, etc. to expand their customer base. Recent Developments l In April 2021, US Medical Innovations, LLC and the Jerome Canady Research Institute for Advanced Biological and Techn ological Sciences, LLC announced to have achieved success in the completion of phase 1 clinical trial in the treatment of stage 4 solid tumors, using Canady Helios Cold Plasma (CHCP). l In April 2020, Relyon Plasma, a Germany - based industrial equipment su pplier launched an atmospheric plasma system, ‘piezobrush PZ3’. It is the world’s smallest plasma handheld device that offers a wide range of applications. Piezobrush PZ3 was set to hit the market from May 2020. Scope of the Report Attributes Details Years Considered Historical data – 2017 - 2020 Base Year – 2020 Forecast – 2021 – 2027 Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 Facts Covered Revenue in USD Million Market Coverage North America, Europe, the Asia - Pacific, Latin America, and the Middle East and Africa Product Service/Segmentation By Application, By Regime, By Region Key Players Terraplasma Medical GmbH, Neoplas Med GmbH, Wacker Chemie AG, U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma GmbH, P2i Limited, Cinogy Technologies GmbH, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat gmbh, Apyx Medical Corporation, Tantec a/s, Molecular Plasma Group, Coating Plasma Innovation, Thierry Corporation, Enercon Industries Corporation, Europlasma NV and other prominent players. By Application Ø Wound Healing Ø Blood Coagulation Ø Dentistry Ø Cancer Treatment Ø Other Medical Applications By Regime Ø Low - pressure Cold Plasma Ø Atmospheric Cold Plasma By Region Ø North America Ø Europe Ø Asia - Pacific (APAC) Ø Latin America (LATAM) Ø Middle - East & Africa (MEA) Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 FAQs: 1. What is the current size of the global cold plasma market? Answer: The global cold plasma market reached USD 1.9 billion in 2020. 2. What are the major factors driving the growth of the global cold plasma market? Answer: The major factor driving the growth of the global cold plasma market are; high applicability of cold plasma in various industries and treatment of infection and prev ention from bacteria and virus. 3. Who are the key players in the global cold plasma market? Answer: The key players in the global cold plasma market are Terraplasma Medical GmbH, Neoplas Med GmbH, Wacker Chemie AG, U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma gmbh, P2i Limited, Cinogy Technologies gMb h, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat gmbh, Apyx Medical Corporation, Tantec a/s, Molecular Plasma Group, Coating Plasma Innovation, Thierry Corporation, Enercon Industries Corporation, Europlasma NV, and other prominent players. 4. Which regime segment accounted for the largest share in the global cold plasma market? Answer: The atmospheric cold plasma segment accounted for the largest share in the global cold plasma market. 5. Which region is at the highest growth rate in the global cold plasma market? Answer: North America has the largest share in the global cold plasma market. Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027 About us Blueweave Consulting offers a one - stop solution for your market intelligence needs for any service or product. You get well - researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well informed and tim ely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk - return trade - off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavours successful. For more information, kindly visit our Website www.blueweaveconsulting.com contact us info@blueweaveconsulting.com Global Cold Plasma Market flourishing at a CAGR of 18.3%: Expected to touch USD 5.8 billion by the year 2027