The Cold Plasma Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cold Plasma Global Market Report 2024, The cold plasma market size has grown rapidly in recent years. It will grow from $2.73 billion in 2023 to $3.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to rise in medical and healthcare sectors, growth in food industry, rise in aviation sector, emerging markets.
The cold plasma market size is expected to see rapid growth in the next few years. It will grow to $5.96 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. The growth in the forecast period can be attributed to increasing demand for water and air purification, growing electronics industry, increasing research and development activities, government support. Major trends in the forecast period include eco-friendly and sustainable solutions, nanotechnology integration, compact and portable devices, ai and automation integration, industry collaboration.
The increased use of cold plasma technology across various industries is expected to propel the growth of the cold plasma market. Cold plasma technology is becoming more popular in medical and industrial applications such as healthcare devices and diagnostics. Cold plasma therapy is also being promoted as a viable treatment for the continuing COVID-19 outbreak. Cold plasma has the potential to kill bacteria, especially drug-resistant bacteria, preventing further infection and aiding in the treatment of chronic wounds. Cold plasma can help in the hydrophilization process in the textile industry in the treatment of protective clothing and sterile materials to reduce microorganisms. For instance, in October 2022, according to the World Health Organization, a US-based specialized health agency, globally, 1 in 6 individuals would be 60 or older by 2030 and is expected to reach 2.1 billion elderly people by 2050. With the increase in the geriatric population, there is also an increase in the diabetic population, which results in chronic wounds such as foot ulcers and thus boosts the overall market. Therefore, the increased use of cold plasma across various industries is driving the growth of the cold plasma market.
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The cold plasma market market covered in this report is segmented –
1) By Regime: Atmospheric Cold Plasma, Low-Pressure Cold Plasma
2) By Technology: Remote Treatment, Direct Treatment, Electrode Contact
3) By Application: Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Other Medical Applications
4) By End Use Sector: Automotive, Electronics & Semiconductors, Food Processing & Packaging, Medical, Aerospace, Polymers & Plastics, Other End-User Sector
Technological advancements are a key trend gaining popularity in the cold plasma market. For instance, in June 2021, Nordson Corporation, a US-based developer and manufacturer of dispensing equipment, launched MARCH MegaVIATM Plasma Treatment System for large panels in printed circuit board manufacturing. The new MegaVIATM system delivers greater panel loading by more than 54% with only a 2% increase in footprint and overall dimensions of 1652mm W x 1782mm D x 2326mm H. High process reproducibility and plasma treatment uniformity for PCB panels are provided by the new platform.
The cold plasma market report table of contents includes:
- Executive Summary
- Cold Plasma Market Characteristics
- Cold Plasma Market Trends And Strategies
- Cold Plasma Market – Macro Economic Scenario
- Global Cold Plasma Market Size and Growth
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- Global Cold Plasma Market Competitive Benchmarking
- Global Cold Plasma Market Competitive Dashboard
- Key Mergers And Acquisitions In The Cold Plasma Market
- Cold Plasma Market Future Outlook and Potential Analysis
- Appendix
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