Global Cold Plasma market size 2024, Forecast To 2033
26 Jan, 2024
The cold plasma market has experienced rapid growth, increasing from $2.73 billion in 2023 to $3.17 billion in 2024, with a 16.5% CAGR. The historic surge is attributed to the rise in the medical and healthcare sectors, growth in the food industry, and the expansion of the aviation sector, particularly in emerging markets. Moving forward to 2028, the market is expected to grow to $5.96 billion, reflecting a 17.1% CAGR. Future growth is driven by increasing demand for water and air purification, the growing electronics industry, rising research and development activities, and government support. Key trends include the adoption of eco-friendly and sustainable solutions, integration of nanotechnology, development of compact and portable devices, and the incorporation of AI and automation in the industry.
Global Cold Plasma Market Key Driver
The cold plasma market is witnessing growth due to the increased use of cold plasma technology across various industries. Cold plasma finds applications in medical and industrial fields, including healthcare devices, diagnostics, and COVID-19 treatment. The technology's ability to kill bacteria and aid in wound treatment, along with its role in the hydrophilization process in textiles, contributes to its expanding market. With the global geriatric population projected to reach 2.1 billion by 2050, the use of cold plasma in healthcare is anticipated to rise, further driving market growth.
Get A Free Sample Of The Global Cold Plasma Market ReportGlobal Cold Plasma Market Segments
The global cold plasma market market covered in this report is segmented –
1) By Regime: Atmospheric Cold Plasma, Low-Pressure Cold Plasma
2) By Technology: Remote Treatment, Direct Treatment, Electrode Contact
3) By Application: Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Other Medical Applications
4) By End Use Sector: Automotive, Electronics & Semiconductors, Food Processing & Packaging, Medical, Aerospace, Polymers & Plastics, Other End-User Sector
Major Cold Plasma Industry Players
Ethicon Inc., Baxter International Inc., 3M Company, Smith & Nephew plc., Nordson Corporation, Plasma Etch Inc., Adtech Plasma Technology Co. Ltd., P2i Limited, Relyon Plasma GmbH, Henniker Plasma Treatment, Enercon Industries Corporation, AcXys Plasma Technologies, Plasmatreat GmbH, Europlasma NV, SOFTAL Corona & Plasma GmbH, UNIQAIR Technologies Ltd., CINOGY System GmbH, neoplas med GmbH, Leaflife Technology Co. Ltd., Nova Plasma Ltd., Tantec A/S, Thierry Corporation, Surfx Technologies LLC, Coating Plasma Innovation, Ferrarini & Benelli Srl, terraplasma GmbH, Molecular Plasma Group, Advanced Plasma Solutions Co. Inc., PlasmaLeap Technologies, US Medical Innovations LLC, COMET Plasma Control Technologies
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Cold Plasma Market Overview
The cold plasma is also referred to as non-thermal atmospheric pressure plasma and is used in industries such as plastics and polymers, textiles, electronics, food and agriculture, and medicine. Cold plasma is a reactive gas containing different amounts of ions, electrons, and neutral particles in the air that allows us to generate ozone from oxygen molecules by means of electrical discharges via atmospheric gases.
Cold Plasma Global Market Report 2023 provides data on the global cold plasma market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cold plasma market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.