Cold Plasma Market predicts favorable growth and forecast till 2025
Cold plasma has a variety of medical, therapeutic, and bioengineering applications. Owing to their bactericidal and antimicrobial properties, cold plasmas find wide applications in surface modification of biomedical devices and materials, sterilization of biomedical surfaces, and treatments of living biological tissues. In addition, non-thermal plasma technologies have wide applications in water sterilization and textile production. More recently, cold plasma therapies have found promising applications for treating various cancer types such as lung, breast, skin, and brain.
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Cold Plasma Market: Trends
The cold plasma market is majorly propelled by a wide range of applications across various industry verticals such as biotechnology, medical devices, and food manufacturing.
The spiraling need for fresh food produce worldwide has spurred the need for decontamination technologies for inactivating microbes on various food products such as meats, fruits, and vegetables. The soaring popularity of atmospheric cold plasma technology in food manufacturing and processing industries is due to its efficacy in killing microorganisms without altering the physicochemical and sensory properties of the food items.
A host of emerging applications in life sciences, such as in the treatment of surgical and traumatic wounds, and their increasing commercialization are expected to open up lucrative market avenues along the forecast period.
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Cold Plasma Market: Market Potential
Recent researches in cold plasma technology point to the vast potential of the market in primarily two areas: food safety improvement and treatment of chronic wounds.
Researchers at the United States Department of Agriculture (USDA) have projected a new cold plasma treatment, also referred to as ‘purple blow torches’, as the next big thing in food safety innovation. Scientists, including a microbiologist at the U.S. Department of Agriculture’s Eastern Regional Research Center, have confirmed that cold plasma can effectively kill pathogens such as Salmonella and E. coli.
USDA researchers demonstrated that over 99.9 percent of the two viruses can be killed within a couple of minutes. Blueberries were chosen since they are increasingly susceptible to contamination by biological hazards in pre-harvest as well as post-harvest stages. In addition, since they are mostly consumed raw, decontamination is even more essential before they are packaged. The technology, researchers believe, can significantly extend the shelf-life of blueberries by retarding the spoilage rate, without affecting their nutritional benefits.
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The commercialization of this technology calls for more researches and its benefits are being studied extensively. In the not-so-distant future, trailblazing researches in cold plasma technology to develop environmental-friendly and sustainable decontamination processes to prevent cross-contamination and microbiological spoilage are expected to unlock exciting opportunities for market players. This is expected to transform the food industry.
Cold Plasma Market: Regional Outlook
Europe and North America are anticipated to show impressive growth of the cold plasma market over the forecast period. Large presence of regional and global biotechnology companies that are actively harnessing the capabilities of cold plasma technology is anticipated to create abundant opportunities for several market players. Furthermore, the presence of cold plasma equipment manufacturers and suppliers is expected to fuel the regional markets along the forecast period.
However, Asia Pacific is expected to exhibit lucrative opportunities for companies in the cold plasma market. The significant growth is attributed to continuous advancement in plasma technologies, leading to numerous applications of cold plasma in the textile industry. In addition, vast developments in medical infrastructure have stimulated the demand for cold plasma technologies in surgical and therapeutics applications.
Cold Plasma Market: Competitive Landscape
Prominent players are investing in R&D activities related to cold plasma technology. Big companies are adopting mergers and acquisitions as the prime strategy to occupy a sustained market share across major geographic regions. Leading players operating in this market include Nordson Corporation, Plasmatreat GmbH, Bovie Medical Corporation, Neoplas Tools GmbH, Enercon Industries Corporation, Europlasma NV, Adtec Plasma Technology Co., Ltd., and P2i.
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