Cold Plasma Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Cold Plasma Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : July, 2020 | Medical Devices | PPT format

Report Digest


Global Cold Plasma Market: Snapshot

Cold plasma, additionally called non-warm plasma or non-balance plasma, is a sort of plasma—ordinarily known as the fourth condition of issue—which has gas particles show at direct temperature and electrons at moderately high temperatures. The properties of plasma have been widely looked into in the course of recent decades and an extensive number of front line utilizations of cold plasma innovation has exuded.

Cold plasma isn't in thermodynamic balance either because of distinction in particle and electron temperature or if speed dispersion of species does not take after Maxwell Boltzmann circulation. These are known as fourth condition of issue that has electrons at high temperature and gas atoms at direct temperature. It has wide applications in helpful, medicinal and bioengineering section. These are utilized for sanitizing biomedical surfaces, and treatment of natural tissues inferable from their antimicrobial and bacterial properties. Additionally, cold plasma advancements have wide applications in water sanitization and material generation. All the more as of late, cold plasma treatments have discovered promising applications for regarding different growth sorts, for example, lung, cerebrum, breast and skin.

Several ongoing advancements in cold plasma innovation, rising interest for eco-accommodating items, expanding utilization of cold plasma in nourishment bundling industry, presentation of stringent wellbeing models in different businesses including sustenance security, and developing requirements for solidified sustenance are a portion of the development drivers of the cold plasma market.

Cold plasma, also called non-thermal plasma or non-equilibrium plasma, is a type of plasma—typically known as the fourth state of matter—which has gas molecules present at moderate temperature and electrons at relatively high temperatures. The properties of plasma have been extensively researched over the past few decades and a large number of cutting-edge applications of cold plasma technology has emanated. 

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. 

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. 

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. 

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.