The global cold plasma market size is expected to grow from $2.03 billion in 2021 to $2.32 billion in 2022 at a compound annual growth rate (CAGR) of 14.07%. The growth in the market is mainly due to the companies' resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global cold plasma market size is expected to reach $4.04 billion in 2026 at a CAGR of 14.86%.
What is the Global Cold Plasma Market?
The cold plasma market consists of sales of cold plasma by entities (organizations, sole traders, and partnerships) that 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.
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What drives the Global Cold Plasma Market?
The increased use of cold plasma technology across various industries is expected to propel the growth of the cold plasma market. Cold plasma technology is becoming more popular in medical and industrial applications such as healthcare devices and diagnostics. Cold plasma therapy is also being promoted as a viable treatment for the continuing COVID-19 outbreak. Cold plasma has the potential to kill bacteria, especially drug-resistant bacteria, preventing further infection and aiding in the treatment of chronic wounds. Cold plasma can help in the hydrophilization process in the textile industry in the treatment of protective clothing and sterile materials to reduce microorganisms. As per the German Federal Statistical Office 2020 report, there are about 83 million people in Germany, of which 16.2 million people are over 67 years of age, and it is projected to reach 21.4 million by 2040. With the increase in the geriatric population, there is also an increase in the diabetic population, which results in chronic wounds such as foot ulcers and thus boosts the overall market. Therefore, the increased use of cold plasma across various industries is driving the growth of the cold plasma market.
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Global Cold Plasma Market Segments
The global cold plasma market is segmented:
By Regime: Atmospheric Cold Plasma, Low-Pressure Cold Plasma
By Technology: Remote Treatment, Direct Treatment, Electrode Contact
By End-Use Sector: Automotive, Electronics and Semiconductors, Food Processing and Packaging, Medical, Aerospace, Polymers and Plastics, Others
By Application: Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Others
By Geography: The regions covered in the cold plasma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Cold Plasma Global Market Report 2022provides market size and growth forecasts for the global cold plasma market, global cold plasma market share, cold plasma market segments and geographies, cold plasma market competitive landscape including leading competitors’ revenues, profiles and market shares. The cold plasma market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Cold Plasma Industry Playersinclude Ethicon Inc., Baxter International Inc., 3M Company, Smith & Nephew plc., Nordson Corporation, Plasma Etch Inc., Adtech Plasma Technology Co., P2i Ltd., Relyon Plasma GmbH, Henniker Plasma, Enercon Industries, AcXys Plasma Technologies, Plasmatreat, Europlasma, SOFTAL, and UNIQAIR Technologies. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
