Cold Plasma Market Size & Share, by End-user (Polymer & Plastic, Textile, Electronics & Semiconductors, Food & Agriculture, Medical); Regime (Atmospheric, Low-Pressure); Application (Adhesion, Printing, Wound Healing) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4805
  • Published Date: Apr 11, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Cold Plasma Market size is poised to cross USD 21.06 Billion by the end of 2035, growing at a CAGR of 18% during the forecast period, i.e., 2023-2035. In the year 2022, the industry size of cold plasma was over USD 2.89 Billion. The growth of the market can be attributed to surge in people affected by chronic wounds. The prevalence of chronic wounds is high among people suffering from various chronic disease. Therefore, with the growing prevalence of chronic disease, the risk of chronic wound increases. In 2022, the global prevalence of chronic wounds was forecast to be 1.51 to 2.21 per 1000 people. However, the frequency is anticipated to increase as populations around the world get older.  Therefore, the demand for cold plasma is estimated to increase, since it has proved to be effective in healing wounds.

Moreover, the prevalence of spread of infection in hospitals is also high. Hospital acquired infections (HAIs) are important issues that require urgent attention on a global scale. HAIs are a class of infections that a patient did not have prior to being admitted to the hospital. HAIs don't even exist during the latency period; instead, they appear within few hours of a patient admitting the hospital. The fifth most frequent type of illness related with healthcare is urinary tract infections (UTIs). At some point during their hospital stay, 12%–16% of adult inpatients would have an indwelling urinary catheter (IUC). For every day the IUC is present, a patient's chance of developing a catheter-associated urinary tract infection increases by 3%–7%. Hence, for the purpose of eliminating all varieties of harmful microorganisms, cold plasma may serve as a valuable tool.


Cold Plasma Market
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Cold Plasma Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Geriatric Population - According to the World Health Organization, one in six individuals on the planet would be 60 or older by 2030. By this point, there are projected to be 1.4 billion people over the age of 60, up from 1 billion in 2020. With the growing geriatric population, the prevalence of disease is also growing among them. They are more prevalent to various fungal infection such as skin and nail infection. Elderly adults have less blood flow and are exposed to the fungus for longer periods of time. The likelihood of getting the condition is further increased by a history of skin problems including psoriasis and athlete's foot. Hence, the demand for cold plasma therapy is more among them.
  • Rise in Prevalence of Cancer - In 2020, it is predicted that there would be 1,806,590 new cancer diagnoses in the United States, and 606,520 cancer-related deaths.
  • Surge in Number of People Suffering from Leg Ulcers - In the UK, venous leg ulcers are anticipated to afflict about 2 in 500 individuals by 2023.
  • Growth in Healthcare Expenditure - The amount spent on healthcare in the United States in 2021 increased by around 3%, reaching over USD 3 trillion, or roughly USD 12,913 per person.
  • Upsurge in Spread of Infection through Medical Equipment - Several bacterial isolates were found to be colonizing 88% of the medical equipment in Sub-Saharan Africa in 2020. Medical device-related infections are incredibly prevalent and challenging to cure. If exposed to bacteria, heart devices, pacemakers, wires, or defibrillators may become infected. Pain, redness, nauseousness, or sore-related discharge are all potential signs. Hence, the demand for cold plasma is estimated to increase in order to disinfect the equipment.

Challenges

  • Requirement of High Capital Investment - Companies always evaluate the advantages of a technology in terms of their budget, investment, and the amount of time needed to recoup that expenditure. The equipment required for cold plasma coating technologies, such as vacuum equipment, is expensive and requires specialized operating conditions, such as low temperatures and controlled vacuum conditions, in order to function. As a result, cold plasma coating technologies require a significant investment in capital. Hence, this factor is estimated to hinder the growth of the market.
  • Lack of Commercialization of Cold Plasma
  • Side Effects of Cold Plasma on Humans

Cold Plasma Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

18.00%

Base Year Market Size (2022)

USD 2.89 Billion

Forecast Year Market Size (2035)

USD 21.06 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Cold Plasma Segmentation

Industry (Polymer & Plastic, Textile, Electronics & Semiconductors, Food & Agriculture, Medical)

The global cold plasma market is segmented and analyzed for demand and supply by industry into polymer & plastic industry, textile industry, electronics & semiconductors industry, food industry & agriculture, and medical industry. Out of which, polymer & plastic industry segment is anticipated to garner the highest revenue by the end of 2035. The growth of the segment can be attributed to growing production of polymers & plastics. An about 3 percent rise annually was projected for 2021 to bring the total production of plastics to about 389 million metric tons across the globe. Hence, the demand for cold plasma is growing in this industry. Cold plasma treatment is a unique process that alters the surface of the polymer, allowing for the development of packaging materials with specified properties. Further, owing to its characteristics influenced by cold plasma this polymer & plastics are extensively preferred in medical sector. Syringes, catheters, and surgical gloves are just a few of the low-cost, disposable tools and equipment that are made possible by polymers.

Regime (Atmospheric Cold Plasma, Low-Pressure Cold Plasma)

The global cold plasma market is also segmented and analyzed for demand and supply by regime into atmospheric cold plasma, and low-pressure cold plasma. Amongst which, the atmospheric cold plasma segment is anticipated to have a significant growth over the forecast period. A promising technique called cold atmospheric plasma (CAP) has great potential for usage in a variety of fields, including biotechnology, biomedicine, textiles, and food processing. Plasma technology's ingenious design has the ability to revolutionize these sectors in every manner. Technically, this CAP technology is a green process since it produces no chemicals that are hazardous to the environment or the economy. Moreover, growing prevalence of chronic wound is also estimated to boost the growth of this segment. Given its simplicity of use and non-invasiveness, this approach has been praised and encouraged for use in a variety of therapeutic regimes, including those for cancer, ulceration, and wound healing. Hence, this factor is estimated to boost the growth of the segment further boosting the market growth.

Our in-depth analysis of the global cold plasma market includes the following segments:

 

 

         By Industry

  • Polymer & Plastic Industry
  • Textile Industry
  • Electronics & Semiconductors Industry
  • Food Industry & Agriculture
  • Medical Industry

         By Regime

  • Atmospheric Cold Plasma
  • Low-Pressure Cold Plasma

 

         By Application

  • Adhesion
  • Printing
  • Wound Healing

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Cold Plasma Industry - Regional Synopsis

North American Market Forecast

The share of cold plasma market in North America, amongst the market in all the other regions, is projected to have the highest growth by the end of 2035, backed by surge in healthcare expenditure, along with growing prevalence of cancer among people in this region. In the United States, 1,752,735 new cases of cancer were reported in 2019, while 599,589 people passed away from the disease. 439 new cases of cancer and 146 cancer-related deaths were reported for every 100,000 persons. Furthermore, it is projected that over the course of the forecast period, the cold plasma market would rise as a result of companies putting more of an emphasis on using cold atmospheric plasma technology to treat a variety of chronic diseases and ailments. Also, the increased prevalence of dental caries cases would probably increase demand for non-drilling, efficient treatments that also retain patient comfort. This would enhance demand for cold plasma therapy, and further support the market's expansion in this region.

APAC Market Statistics

The Asia Pacific cold plasma market is estimated to be the second largest, to have the highest growth. The usage of cold plasma in medical procedures, a rise in hospital-acquired infections (HAI), and the development of novel cold plasma cancer treatment techniques in the Asia Pacific area are all contributing reasons to the market growth for cold plasma equipment. In biomedicine, cold plasma has proven to be quite effective. Cold plasma is utilized in a variety of medical procedures in Asia Pacific, including wound healing, cancer treatment, dermatology, atmospheric plasma on oxidative stress, inflammation, and diabetes-induced enzyme glycation, as well as disinfection and scar removal. Chronic wounds benefit from cold plasma's capacity to kill bacteria, particularly drug-resistant bacteria, to prevent further infection. This speeds up the healing process of the wound and avoids any additional difficulties or uncomfortable side effects. Although there are numerous different techniques to treat wounds, cold plasma therapy is anticipated to be one of the most efficient options and they are most preferred by people living in this region.

Europe Market Forecast

Additionally, the cold plasma market in Europe region is also estimated to have the significant growth over the forecast period. The growth of the market in this region can be attributed to presence of key players in this region. Hence, owing to these key players the Europe plays an important role for cold plasma as compared to other regions. These key players are further boosting their production in order to satisfy the demands of various organization. Also, the trials of cold plasma on various disease in this region is growing, which is also estimated to boost the growth of the cold plasma market.

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Cold Plasma Market Size
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Companies Dominating the Cold Plasma Landscape

top-features-companies
    • Apyx Medical Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Nordson Corporation
    • Adtec RF
    • P2i Limited
    • Relyon Plasma GmbH
    • Henniker Plasma
    • Enercon Industries Corporation
    • AcXys Plasma Technologies
    • Plasmatreat GmbH
    • Tantec A/S

In-the-news

In The News

  • A world leader in plasma processing technology, Nordson MARCH, a Nordson Corporation company, announced the launch of their FlexTRAK-SHS automated plasma treatment system. The 9.6-liter (585 in3) large-volume F3-S process chamber found in the plasma system was expected to treat more strips per cycle or accommodate larger strips, which would result in higher throughput and increased productivity for semiconductor and electronics packaging.

  • Apyx Plasma Technologies, the maker of Renuvion, a patented helium plasma and radiofrequency technology, has announced the release of the Apyx One Console, their latest-generation Renuvion generator, in the United States.

 

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 4805
  • Published Date: Apr 11, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing geriatric population, rise in prevalence of cancer, surge in number of people suffering from leg ulcers, and others.

The market size of cold plasma is anticipated to attain a CAGR of 18.00% over the forecast period, i.e., 2023-2035.

Requirement of high capital investment, lack of commercialization of cold plasma, and side effects of cold plasma on humans are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Apyx Medical Corporation, Nordson Corporation, Adtec RF, P2i Limited, and more.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by industry, regime, application and by region.

The atmospheric cold plasma segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Cold Plasma Market Report Scope
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