Global Cold Plasma Market, By Application (Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, and Other Medical Applications), By Regime (Low-pressure Cold Plasma, Atmospheric Cold Plasma), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: July 2021
- Report ID: BWC21405
- Available Format: PDF
- Page: 141
Report OverviewCold plasma is an ionized gas in which the constituent atoms are at different temperatures. The temperature of neutral atoms is normal, whereas the temperature of electrons is higher.
Global Cold Plasma Market- Industry Trends & Forecast Report 2027
The global cold plasma market was worth USD 1.9 billion in 2020 and is further projected to reach USD 5.8 billion by the year 2027, growing at the CAGR of 18.3% in the forecast period (2021-2027). The demand for cold plasma is advancing because of its expanding adoption in medical treatment with the rising incidences of Hospital-Acquired Infections (HAIs). The use of cold plasma in plasma therapy for the treatment of Covid-19 is also becoming a significant factor in the growth of the cold plasma market.
Source: BlueWeave Consulting
Global Cold Plasma Market- Overview
Cold plasma is an ionized gas in which the constituent atoms are at different temperatures. The temperature of neutral atoms is normal, whereas the temperature of electrons is higher. The cold plasma treatment is usually used for wound sterilizing and healing as it offers painless as well as contactless treatment. Cold plasma therapy is highly preferred for treating chronic wounds and burns. After being exposed to cold plasma, bacterial cells, particularly Multidrug Resistant bacteria, are instantly destroyed. Furthermore, plasma treatment is relatively cost-effective, making it accessible to a larger population. As a result, demand for this treatment is increasing rapidly, which is driving up the demand for cold plasma, particularly in the medical sector.
Global Cold Plasma Market Forecast and Trends
High Applicability of Cold Plasma in Various Industries
Cold plasma has a broad range of applications and is widely used in a variety of industries, including medicine, textiles, dyeing, printing, polymer and plastic manufacturing, and so on. They are widely utilized in the processing sector because they provide numerous benefits, including low energy and water consumption, reduced fiber degradation, reduced chemical consumption, and environmental and health benefits, among others. Furthermore, unlike other chemicals, it does not require a high-quality supply and storage, which saves the manufacturing houses a lot of money.
Treatment of Infection and Prevention from Bacteria and Virus
Cold plasma is capable of killing viruses and bacteria with high resistance, as well as preventing infectious or communicable disorders. It is also useful in eradicating antibiotic-resistant viruses and bacteria, as well as in preventing infectious or communicable disorders. Cold Plasma has emerged as a very effective method for cleaning surfaces to destroy the coronavirus while keeping the environment safe and hygienic in the wake of the Covid-19 outbreak. Furthermore, clothing nowadays is made available only after cold plasma treatment. This has a huge impact on the growth of the cold plasma market, propelling it forward.
Huge Capital Requirement may hinder the Market
Cold plasma production and adoption are both prohibitively expensive. Installation of sophisticated equipment necessitates large investments, and vacuum pumps add to the costs. Because of the high capital requirement, potential players are hesitant to enter the market, and small businesses may be unable to expand substantially or must rely on private investment and funding. Moreover, cold plasma production processes necessitate special operating conditions. For example, vacuum equipment used in producing cold plasma needs special operating settings such as low temperatures and controlled vacuum levels.
Impact of Covid-19 on Global Cold Plasma Market
The demand for cold plasma increased so quickly after the release of Covid-19 that even manufacturers and distributors were caught off guard. According to experts, if the therapy is done at room temperature, cold plasma is particularly successful in killing the coronavirus on various surfaces. As a result, its application for the treatment of patients infected with Covid-19, as well as disinfecting the surfaces, mainly in the healthcare facilities expanded substantially, pushing the market forward. As a result, cold plasma emerged as one of the few viable choices for treating and eradicating the coronavirus.
Global Cold Plasma Market - By Application
Based on applications, the global cold plasma market is segmented into blood coagulation, wound healing, dentistry, cancer treatment, and other medical applications. Among these, the cancer treatment segment is leading the market and is likely to dominate even during the forecast period. The wound healing segment is also growing at a faster pace. Cold plasma is particularly effective in destroying bacterial cells as well as other pathogens that are resistant to antibiotics. Moreover, patients prefer prototype plasma treatment over other treatments for chronic wounds and burns because it eliminates itching and pain.
Global Cold Plasma Market - By Regime
Based on the regime, the market is divided into low-pressure cold plasma and atmospheric cold plasma. The global cold plasma market has a high demand for atmospheric cold plasma, due to which it held the largest share in the market in the year 2020. Atmospheric cold plasma has numerous applications in areas such as health, packaging, and textiles. However, it is expected that low-pressure cold plasma will lead the market to a growing CAGR over the forecast period. Its rising adoption and application in semiconductor manufacturing, as well as the electronic industry, is propelling the market growth.
Global Cold Plasma Market - Regional Insights
Geographically, the global cold plasma market is segmented into North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), and Middle-East & Africa (MEA). Among these regions, North America held the largest market share in the year 2020. This dominance is due to the high concentration of key market players in the region, along with the availability of a wide variety of FDA-approved products. Furthermore, the rising technological advancements and developments taking place in the medical sector is contributing to the growth of the cold plasma market in this region.
The leading market players in the global cold plasma market are U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma GmbH, P2i Limited, Cinogy Technologies gMbh, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat GmbH, Coating Plasma Innovation, Thierry Corporation, Enercon Industries Corporation, Europlasma NV and other prominent players. The competitive landscape of this market is very consolidated and is essentially led by giants. The companies are consistently engaging in market expansion by adopting competitive strategies like partnerships, agreements, mergers & acquisitions, etc. to expand their customer base.
l In April 2021, US Medical Innovations, LLC and the Jerome Canady Research Institute for Advanced Biological and Technological Sciences, LLC announced to have achieved success in the completion of phase 1 clinical trial in the treatment of stage 4 solid tumors, using Canady Helios Cold Plasma (CHCP).
l In April 2020, Relyon Plasma, a Germany-based industrial equipment supplier launched an atmospheric plasma system, ‘piezobrush PZ3’. It is the world’s smallest plasma handheld device that offers a wide range of applications. Piezobrush PZ3 was set to hit the market from May 2020.
Scope of the Report
Historical data – 2017-2020
Base Year – 2020
Forecast – 2021 – 2027
Revenue in USD Million
North America, Europe, the Asia-Pacific, Latin America, and the Middle East and Africa
By Application, By Regime, By Region
Terraplasma Medical GmbH, Neoplas Med GmbH, Wacker Chemie AG, U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma GmbH, P2i Limited, Cinogy Technologies GmbH, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat gmbh, Apyx Medical Corporation, Tantec a/s, Molecular Plasma Group, Coating Plasma Innovation, Thierry Corporation, Enercon Industries Corporation, Europlasma NV and other prominent players.
Ø Wound Healing
Ø Blood Coagulation
Ø Cancer Treatment
Ø Other Medical Applications
Ø Low-pressure Cold Plasma
Ø Atmospheric Cold Plasma
Ø North America
Ø Asia-Pacific (APAC)
Ø Latin America (LATAM)
Ø Middle-East & Africa (MEA)
1. What is the current size of the global cold plasma market?
Answer: The global cold plasma market reached USD 1.9 billion in 2020.
2. What are the major factors driving the growth of the global cold plasma market?
Answer: The major factor driving the growth of the global cold plasma market are; high applicability of cold plasma in various industries and treatment of infection and prevention from bacteria and virus.
3. Who are the key players in the global cold plasma market?
Answer: The key players in the global cold plasma market are Terraplasma Medical GmbH, Neoplas Med GmbH, Wacker Chemie AG, U.S. Medical Innovations, ADTEC Plasma Technology Co. Ltd., Ferrarini & Benelli SRL, Relyon Plasma gmbh, P2i Limited, Cinogy Technologies gMbh, Softal Corona & Plasma Gmbh, Henniker Plasma, Plasmatreat gmbh, Apyx Medical Corporation, Tantec a/s, Molecular Plasma Group, Coating Plasma Innovation, Thierry Corporation, Enercon Industries Corporation, Europlasma NV, and other prominent players.
4. Which regime segment accounted for the largest share in the global cold plasma market?
Answer: The atmospheric cold plasma segment accounted for the largest share in the global cold plasma market.
5. Which region is at the highest growth rate in the global cold plasma market?
Answer: North America has the largest share in the global cold plasma market.
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