Cold Plasma Market worth USD 7.89 Bn. by 2029: Competitive Landscape, New Market Opportunities, Growth Hubs, Return on Investments
Pune, 05, Dec 2022: According to Maximize Market Research, the Cold Plasma Market is expected to be worth USD 7.89 billion by 2029, with a 17.3% CAGR. Asia Pacific is expected to register a prolific increase in the cold plasma market during the forecast period, the growth is attributed to the rising demand for decontaminated frozen food, greater usage for textile production, rising polymer production, and higher spending on healthcare infrastructure.
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Cold Plasma Market Scope and Research Methodology
MMR first analyzed information on the revenues of the key regional and international competitors in order to assess and forecast the Cold Plasma Market. In order to categorize the market, vendors’ items are assessed using the following criteria: under Pressure (Atmospheric, Low – Pressure) Application (Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Other) (Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Other).
The bottom-up method is used to estimate the market size. Primary and secondary research is done to identify the major market participants in the cold plasma sector and to calculate their market revenues. An alternative method to solely using secondary research—primary research—was used. In-depth interviews with well-known people, such as market experts, important opinion leaders, and buying managers, were conducted for the primary research.
Cold Plasma Market Overview
There is a great opportunity for cold plasma technology in a variety of industries, including plastics and polymers, textiles, electronics, food and agriculture, and medicine. It distinguishes itself from other products by offering a number of special advantages, such as environmental friendliness. It is expected that the advantages of cold plasma will assure its increasing use in the years to come, particularly in the current regulatory context, where the focus on sustainable practices has increased. The demand for cold plasma technology will also be fueled by advancements in the textile industry and rising food safety concerns. However, it is expected that the high capital investment requirements and the limited commercialization of cold plasma technologies will somewhat restrain the market growth.
Cold Plasma Market Dynamics
The demand for cold plasma is increasing as a result of its extensive application in medical therapy. The rise in Hospital-Acquired Infections (HAIs), which are brought on by a lack of sanitation and safety precautions, is also expected to increase demand for the product over the forecast years. The primary factors driving the cold plasma market are the need for innovative manufacturing techniques in the textile industry and other end-use industries, as well as growing safety and decontamination worries for processed foods. Additionally, cold plasma treatments have a few special benefits. Cold plasma is being used increasingly frequently to produce self-decontaminating filters and to clean various food packing, especially those for meat and poultry. The market has grown as a result of this.
Applications for cold plasma technology are numerous and cover several sectors. This processing technology has a lot of benefits, including little fiber damage, low chemical use, better wettability, low cost, and worker friendliness. It also has low water and energy usage. Additionally, cold plasma technologies do not need to store huge amounts of processing water or supply chemicals on-site for use during deployment or rinse operations after treatment. The utilization of cold plasma techniques has been sparked by their advantages over the alternatives already employed in application industries.
Cold Plasma Market Regional Analysis
North America held the largest share of the global cold plasma market in 2021 as a result of the existence of important industry players and the accessibility of various FDA-approved products. Additionally, the local healthcare industry’s quick adoption of technologically advanced products are expected to foster market growth. Rising cancer rates are expected to boost the market in this region. Europe is expected to dominate a sizeable portion of the market over the forecast period.
Cold Plasma Market Segmentation
- Atmospheric Pressure
- Wound Healing
- Blood Coagulation
- Cancer Treatment
Cold Plasma Market Key Competitors:
- Apyx Medical Corporation
- Nordson Corporation
- Adtec Plasma Technology Co. Ltd
- Relyon Plasma GmbH
- Henniker Plasma
- Enercon Industries
- AcXys Plasma Technologies
- Tantec A/S
- Thierry Corporation
- Surfx Technologies
- SOFTAL Corona & Plasma
- Coating Plasma Innovation
- Ferrarini & Benelli
- Neoplas GmbH
- Terraplasma GmbH
- Molecular Plasma Group
- CINOGY GmbH
- Advanced Plasma Solutions
- UNIQAIR Technologies
- PlasmaLeap Technologies
- US Medical Innovations
- COMET Plasma Control Technologies
Key questions answered in the Cold Plasma Market are:
- What is the growth rate of the Cold Plasma Market over forecast period?
- What is the nature of competition in the Cold Plasma industry in developed economies and developing economies?
- Who are the key players in the Cold Plasma Market?
- Who are the market leaders in Cold Plasma in Europe?
- Who are the market leaders in Cold Plasma in USA and Canada?
- Who are the market leaders in Cold Plasma in India, China, Japan, and South Korea?
- What are the factors affecting growth in the Cold Plasma Market?
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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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