Cold Plasma Market Experience a Hike in Growth by 2017 - 2025

Cold plasma also called as non-thermal plasma is one in which the thermal motion of the ions is substantially lower than the hot or thermal plasma. Only the electric force is considered in cold plasma to act on the particles whereas magnetic force is ignored. Cold plasma is used in a number of applications including medical, plasma air purifiers, treated water for high yield organic farming, air activate plasma system, plasma industrial coating, waste water management, food processing and preservation, water purification systems, and ballast water management.

Cold plasma has a broad range of application in healthcare including antibiotic, cardiothoracic surgery, urology, GI surgery, advanced laparoscopic surgery, colorectal surgery, dermatology, plastic surgery, obstetrics, and others. Cold plasma market is expected to expand at a significant growth rate, owing to rapidly growing electronics and semiconductor industry across the globe.

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Global Cold Plasma Market Dynamics:

The growth of the global cold plasma market is driven by growing healthcare industry, growing research and development in the healthcare industry, and advantages of cold plasma over conventional treatments including reduced tissue damage, low resistance to various types of bacteria such as staphylococcus.

Macroeconomic factors including growing economy, population and employment, rising disposable income, and rapid rate of urbanization also driving the global cold plasma market. One of the restraining factor of the global cold plasma market includes high cost compared to conventional treatments.

The rapid rate of technological advancements and increasing investment in the medical devices market are some of the factors trending the global cold plasma market over the forecast period. The cold plasma market is expected to have a significant opportunity in developed economies such as North America and Western Europe attributed to shifting towards advanced technology.

Global Cold Plasma Market Segmentation:

The global cold plasma market is segmented on the basis of a regime, application, end-use industry, and region. By end-use industry, the global cold plasma market is segmented into medical, agriculture and food, electronics and semiconductor, textile, and polymer. Among these, the medical segment is growing at a substantial value in terms of CAGR in global cold plasma market whereas the electronics and semiconductor segment accounts for relatively high revenue share during the forecast period.

On the basis of geographies, the global cold plasma market is segmented into seven regions -- North America, Western Europe, Eastern Europe, Japan, Asia-Pacific except Japan, Latin America, and the Middle East & Africa. Among the regions, North America accounts for a relatively high share of the global cold plasma market in terms of value, attributed to relatively high revenue share in the global healthcare industry. Western Europe is followed by North America in global cold plasma market, owing to high demand for electronics and semiconductors across the region.

Eastern Europe and Japan also accounts for significant value share in the global cold plasma market, owing to high technological advancement across the regions. The Asia-Pacific is expected to register relatively high growth rate in the global cold plasma market over the forecast period, owing to growing electronics industry across the region. Latin America and Middle East Africa is expected to have relatively high opportunity for cold plasma market players, attributed to growing economy and high demand for antibiotics. Overall, the outlook for the global cold plasma market will have a positive growth over the forecast period, attributed to high resistance to antibiotics.

Global Cold Plasma Market Player:

Few players in the global cold plasma market include ILTONG UK LTD., P2i Limited, Henniker Plasma, Europlasma NV, Tantec A/S, Neoplas Tools GmbH, Enercon Industries Corporation, Plasmatreat GmbH, ADTEC Plasma Technology Co. Ltd., Bovie Medical Corporation, and Nordson Corporation.

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