“The global cold plasma market is anticipated to grow at a compound annual growth rate (CAGR) of 15.2%, from USD 2.5 billion in 2022 to USD 7.8 billion by 2031. North America ought to dominate the market during the forecast period.”
Rapid growth in the cold plasma industry is being driven by its expanding applications across numerous industries. The advantages of cold plasma technology include energy economy, low temperature operation, and environmental friendliness. It is used in medicine for a variety of purposes, including cancer treatment, wound healing, and sterilisation. Cold plasma is used in the food industry to purify and extend the shelf life of food products. In the electronics industry, cold plasma is used for thin layer deposition and surface modification. As research shows more uses for which there is a need, the market is anticipated to increase significantly over the coming years.
Market trend: rising acceptance of cold plasma in life sciences and medical fields
Medical uses include wound healing, sterilization, and cancer therapy are attracting cold plasma technology. Effective microbial inactivation made possible by cold plasma's non-thermal character lets delicate tissues or materials be spared damage. Cold plasma helps tissues regenerate and lowers inflammation in wound healing. It provides a chemical-free substitute for conventional techniques in sterilizing. Cold plasma has potential in cancer therapy for precisely targeting cancer cells while protecting healthy ones.
Healthcare professionals are including cold plasma devices more and more as studies advance and clinical data accumulates. Driven by this trend, cold plasma technology for medical uses is generating innovation and commercial expansion.
Market Driver Increasing need for safe and environmentally friendly methods of food processing
Cold plasma technology is being embraced by the food sector as a safe and environmentally friendly substitute for traditional food processing techniques more and more. Without the use of chemicals or too high heat, cold plasma provides efficient microbiological decontamination of food items, therefore retaining nutritional quality and sensory qualities. By inactivating spoilage bacteria, fresh vegetables, meat, and dairy goods may all have their shelf life extended. Additionally showing promise in lowering pesticide residues on fruits and vegetables is cold plasma therapy.
Food producers are looking to cold plasma as a clean label option as customers want minimally processed meals with less chemicals. Further driving the use of cold plasma technology in the food and beverage industry are strict food safety rules and the need to reduce food waste.
Low awareness and hefty starting expenses
Although cold plasma technology has several benefits, limited knowledge among possible end users and hefty initial investment costs cause difficulties in its general adoption. Many sectors are still not acquainted with cold plasma and its advantages, which causes uncertainty about embracing this somewhat new technology. Especially for small and medium-sized businesses, the tools needed for cold plasma creation and application might be costly. Furthermore incorporating cold plasma systems into current manufacturing processes might need major changes and downtime. Slower adoption rates in certain sectors can result from the absence of uniform guidelines and rules for cold plasma uses. Rising over these obstacles calls for further education, proof of cost-effectiveness over time, and creation of more reasonably priced and user-friendly cold plasma devices.
Atmospheric Cold Plasma Rules the Market
Because of its adaptability and simplicity of integration into different industrial processes, atmospheric cold plasma is becoming the major category in the cold plasma market. Atmospheric cold plasma may be produced at ambient pressure, unlike low-pressure systems, therefore removing the requirement for vacuum chambers and lowering operating complexity. For in-line processing and large-scale applications, this makes it especially appropriate.
Surface modification, sterilization, and coating uses for atmospheric cold plasma are very common in many different sectors including electronics, textiles, and packaging. Its ability to handle porous materials and three-dimensional things adds even more appeal. The market share of atmospheric cold plasma is predicted to rise dramatically in the next years as research keeps extending its possibilities.
North America Leading in Adoption of Cold Plasma Technology
Driven by improved healthcare infrastructure and robust research projects, North America is likely to control the cold plasma market. The area leads in medical technology adoption and makes rising expenditures in cold plasma research for use in hospitals, therefore positioning it in front of market development. North America features a strong ecosystem of end customers spanning several sectors, research institutes, and cold plasma equipment makers.
Particularly the United States is seeing fast acceptance of cold plasma in food safety, dental, and wound treatment uses. Growing knowledge of the advantages of cold plasma technology and favorable legislative surroundings help to drive market growth even further. Furthermore encouraging research and commercialization of cold plasma solutions in the area are the existence of important market participants and continuous cooperation between academics and industry.
Strong rivalry and fast technical developments define the cold plasma business. Important firms are emphasizing research and development to increase the range of use for cold plasma technology and acquire a competitive advantage. Companies trying to improve their market position and increase their product ranges often engage in strategic alliances, mergers, and acquisitions. Established medical device companies are joining the market by means of collaborations or acquisitions of cold plasma technology companies.
Particularly in Asia-Pacific, regional players—targeting certain application areas—are also starting to emerge. Companies are stressing more and more product uniqueness, economy, and after-sales assistance as the market develops in order to keep their share. New competitors bringing creative ideas and ongoing investments in next-generation cold plasma technology could help to change the competitive environment.
- Apyx Medical Corporation
- Nordson Corporation
- Adtec Plasma Technology Co., Ltd.
- P2i Limited
- Plasmatreat GmbH
- Enercon Industries Corporation
- Neoplas Tools GmbH
- Henniker Plasma
- Tantec A/S
- Europlasma NV
In 2023, the FDA approved the Renuvion APR Handpiece made by Apyx Medical Corporation, expanding the company's portfolio of cold plasma-based cosmetic procedures.
Specifically, in 2022 Plasmatreat GmbH made a splash in the surface treatment market by introducing a brand-new atmospheric plasma coating apparatus for the electronics industry.
1. INTRODUCTION
1.1. Market Definition
1.2. Study Scope
1.3. Currency Conversion
1.4. Study Period (2022- 2031)
1.5. Regional Coverage
2. RESEARCH METHODOLOGY
2.1. Primary Research
2.2. Secondary Research
2.3. Company Share Analysis
2.4. Data Triangulation
3. EXECUTIVE SUMMARY
3.1. Global Cold Plasma Market (2018 – 2022)
3.2. Global Cold Plasma Market (2023 – 2031)
3.2.1. Market Segment By Type (2023 – 2031)
3.2.2. Market Segment By Application (2023 – 2031)
3.2.3. Market Segment By End-User (2023 – 2031)
3.2.4. Market Segment By Region (2023 – 2031)
4. MARKET DYNAMICS
4.1. Market Trends
4.1.1. Increasing adoption of cold plasma in healthcare and life sciences
4.1.2. Rising use of cold plasma in agriculture and food processing
4.1.3. Expanding applications in electronics and semiconductor industries
4.2. Market Drivers
4.2.1. Growing demand for eco-friendly and safe food processing technologies
4.2.2. Advancements in plasma medicine and wound care
4.2.3. Increasing focus on surface modification in manufacturing
4.3. Market Restraints
4.3.1. Limited awareness and high initial investment costs
4.3.2. Technical challenges in scaling up cold plasma processes
4.4. Porter's Five Forces Analysis
4.4.1. Threat of New Entrants
4.4.2. Bargaining Power of Buyers/Consumers
4.4.3. Bargaining Power of Suppliers
4.4.4. Threat of Substitute Products
4.4.5. Intensity of Competitive Rivalry
4.5. Supply Chain Analysis
4.6. Pricing Analysis
4.7. Regulatory Analysis
4.8. Pipeline Analysis
5. BY TYPE (MARKET VALUE (US$ MILLION) – 2022-2031*)
5.1. Low-Pressure Cold Plasma
5.2. Atmospheric Cold Plasma
6. BY APPLICATION
6.1. Wound Healing
6.2. Cancer Treatment
6.3. Dentistry
6.4. Food Safety
6.5. Surface Modification
7. BY END-USER
7.1. Healthcare
7.2. Food & Agriculture
7.3. Electronics
7.4. Textiles
8. GEOGRAPHY
8.1. North America
8.1.1. United States
8.1.2. Canada
8.1.3. Mexico
8.2. South America
8.2.1. Brazil
8.2.2. Argentina
8.2.3. Rest of South America
8.3. Europe
8.3.1. Germany
8.3.2. United Kingdom
8.3.3. France
8.3.4. Italy
8.3.5. Spain
8.3.6. Russia
8.3.7. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. Middle-East
8.5.1. UAE
8.5.2. Saudi Arabia
8.5.3. Turkey
8.5.4. Rest of Middle East
8.6. Africa
8.6.1. South Africa
8.6.2. Egypt
8.6.3. Rest of Africa
9. COMPETITIVE LANDSCAPE
9.1. Key Developments
9.2. Company Market Share Analysis
9.3. Product Benchmarking
10. SWOT ANALYSIS
11. COMPANY PROFILES
11.1. Apyx Medical Corporation
11.2. Nordson Corporation
11.3. Adtec Plasma Technology Co., Ltd.
11.4. P2i Limited
11.5. Plasmatreat GmbH
11.6. Enercon Industries Corporation
11.7. Neoplas Tools GmbH
11.8. Henniker Plasma
11.9. Tantec A/S
11.10. Europlasma NV
11.11. CINOGY GmbH
11.12. Terraplasma Medical GmbH (*LIST NOT EXHAUSTIVE)
12. MARKET OPPORTUNITIES
By Type:
- Low-Pressure Cold Plasma
- Atmospheric Cold Plasma
By Application:
- Wound Healing
- Cancer Treatment
- Dentistry
- Food Safety
- Surface Modification
By End-User:
- Healthcare
- Food & Agriculture
- Electronics
- Textiles
By Region:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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