Cold Plasma Market 2023 Industry Size, Shares, Segment And Forecast up to 2031 | Apyx Medical Corporation, Nordson Corporation

The global cold plasma market was valued at US$1.5 billion in the year 2020, and is further anticipated to be worth US$7.9 billion by the year 2030 and will grow with the compound annual growth rate (CAGR) of 18% during the forecast year from 2021 to 2030.

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Cold plasma is an ionized gas in which the atoms are at different temperatures. Neutral atoms are at normal temperature, while electrons have a higher temperature. The cold plasma treatment is used for wound healing and sterilizing because it is painless and contactless. Cold plasma therapy is usually used for burns and chronic wounds. Exposure to cold plasma instantly kills bacteria, especially Multidrug-Resistant bacteria.

Factors Affecting

Cold plasma can prevent infectious diseases by killing high resistance bacteria and viruses. This will result in increasing demand for global cold plasma market.
Other than uses in the medical sector, cold plasma has many other uses in different industries such as printing, textile, plastic and polymer manufacturing etc. which drives the demand of cold plasma market.
Cold plasma doesn't need high maintenance storage and supply, which saves manufacturing houses a lot of money. This results in increasing demand of global cold plasma market globally.
The production and adoption of cold plasma is very expensive as cold plasma requires installation of vacuum pumps and other sophisticated equipment which are very expensive. This will result in slow down of growth in the global cold plasma.
There is low awareness about the commercial use of cold plasma. Moreover, there are only a small number of budding players in the global cold plasma market, which will result in a slowdown in the growth rate.
Impact of Covid-19

When the Covid-19 pandemic happened, the manufacturers and distributors were not prepared for the sudden rise in demand of cold plasma. Experts say that cold plasma therapy is especially effective when done at room temperature, cold plasma also proved effective in disinfecting and removing Covid-19 virus on different surfaces. Its use in treating patients infected with corona virus made it essential in the healthcare sector which resulted in a rise in demand for the global cold plasma market. However, there could be shortage for industrial sectors like electronics, plastic and polymer, textile as all unnecessary services have been put on hold.

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Regional Insights

In terms of region, North America is holding the largest share in the global cold plasma market. Such dominance in the market is due to implementation of advanced technology in healthcare, availability of a variety of FDA approved products, and high concentration of key players in the market.

The Asia Pacific can be seen as a promising market, which can be due to reasons such as increasing use of improving medical technology in the Asian regions, higher demand of disinfected frozen food products, increasing manufacturing of plastics & polymers, and growing textile industry.

Competitive Landscape

Apyx Medical Corporation
Nordson Corporation
Adtec Plasma Technology Co. Ltd
P2i
Relyon Plasma GmbH
Henniker Plasma
Enercon Industries
AcXys Plasma Technologies
Plasmatreat
Tantec A/S
Europlasma
Thierry Corporation
Surfx Technologies, LLC
SOFTAL Corona & Plasma
Coating Plasma Innovation
Other Prominent Players

Scope of the Report

The global cold plasma market is segmented on the basis of Regime, Industry and Region

By Regime

Atmospheric Cold Plasma
Low-pressure Cold Plasma

By Industry

Medical Industry
Wound Healing
Cancer Treatment
Dentistry
Blood Coagulation
Other Medical Applications
Food & Agriculture Industry
Packaging Decontamination
Food Surface Decontamination
Wastewater Treatment
Seed Germination
Textile Industry
Finishing
Dyeing/Printing
Sterilization
Other Textile Applications
Polymer & Plastic Industry
Surface Treatment
Printing
Adhesion
Other Polymer & Plastic Industry

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By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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This release was published on openPR.