According to FMI estimates, the net worth of total cold plasma to be sold globally could generate US$ 2469.5 million in revenue in 2023. Furthermore, the global cold plasma market size is expected to increase to US$ 9380.9 million by 2033 at a CAGR of 14.3%. Cold plasma care portable device has been extensively used across the medicinal, bioengineering, and food processing sectors. Several applications across the life sciences domain have also been recorded for atmospheric pressure cold plasma applications.
Healthcare practitioners are incorporating cold plasma for treating traumatic and surgical wounds. These widespread applications are increasingly expanding the scope of the cold plasma systems market. It is anticipated to grow staggeringly at an annual rate of 14.3% throughout the years between 2023 and 2033.
Atmospheric pressure cold plasma applications market players employ electricity and carrier gas, mostly helium, oxygen, or nitrogen. A wide range of cold plasma systems operating at atmospheric pressures is under development which is expected to strengthen the market further.
| Attributes | Details |
|---|---|
| Cold Plasma Market Share (2022) | US$ 2164.7 million |
| Cold Plasma Market Size Value (2023) | US$ 2469.5 million |
| Cold Plasma Market Size Value (2033) | US$ 9380.9 million |
| Cold Plasma Market Growth Rate (2023 to 2033) | 14.3% |
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As per the earlier market survey reports, the net valuation of the global cold plasma business was US$ 1,144.2 million back in the year 2017. In the following years, progress in the adoption of cold plasma systems followed an impressive CAGR while experiencing an uptick during the pandemic years. However, growth prospects across other verticals were significantly hindered, particularly in the textile, food processing, electronics manufacturing, and polymer industries.
This shot-turn downturn was attributed to the decline in industrial production due to lockdowns imposed by governments to flatten the infection curve. This sluggishness in demand for cold plasma remained prevalent until the latter half of 2022 bringing down the annual average growth rate to 13.6%.
Principal Consultant
Need for In-Package Decontamination Up scales Cold Plasma Adoption by Food & Beverage Industries
Over the years, food contamination has become a major cause of concern. This ranges from the prevalence of harmful microbes to abnormally high concentrations of inorganic chemicals during the processing, packaging, transportation, and storage phases.
As a result, food items need to be thoroughly inspected and measured, requiring several plasma testing approaches. Amongst all food decontamination procedures, cold plasma promises to deliver the most favorable results. The testing duration ranges anywhere between 3 seconds to 120 seconds, making it the fastest testing method among all procedures.
Advancements in the plasma tube systems have opened up new frontiers for the in-vivo reduction of food-borne pathogens. Such successes are motivating manufacturers to develop food-grade cold plasma testing kits, anticipated to generate credible market expansion opportunities during the upcoming decade.
Atmospheric Pressure Cold Plasma Applications Proliferate in Chronic Wounds Treatment
Since 2005, applications in cancer treatment, dentistry, and wound healing have been extensively explored across several laboratories, research centers, academic institutions, and healthcare settings. These have largely translated into seminal publications, case studies, and educational programs on cold plasma applications.
Significant work has been done by the German start-up company Terraplasma Medical in the field of biomedical-grade cold plasma. It markets the Plasma Care portable device which produces cold plasma to kill pathogens accumulated in chronic wounds. The company acquired a CE mark approval for this hand-held device in 2019.
Immense Breakthroughs in Cancer Diagnostics to Steer Higher Adoption of Cold Plasma Therapies
In 2019, a multi-institute team led by Purdue University aerospace engineer Alexey Shashurin developed a pen-shaped electrosurgical scalpel that sprays a blue jet of cold plasma on any leftover cancerous tissues or cells for nearly 2 to 7 minutes. The device is equipped to target only malignant tissues, leaving healthy ones intact.
The results were announced through a series of in vitro, in vivo, and FDA-approved compassionate use cases initiated prior to the actual clinical trials. The clinical trials have been sponsored by the United States Medical Innovations LLC and Jerome Canady Research Institute for Advanced Biological and Technological Sciences.
| Attributes | Details |
|---|---|
| United States Market Size (2033) | US$ 2809.5 million |
| United States Absolute Dollar Growth | US$ 5.7 million |
| United States Market CAGR (2023 to 2033) | 13.7% |
Heightened adoption in food safety determination and decontamination is primarily driving the North American cold plasma market. The region emerged as the market hegemon in 2019 and is poised to continue demonstrating this trend throughout the forecast period. Within North America, the United States is anticipated to project the strongest trends, while Canada may witness a higher adoption of cold plasma technology.
| Attributes | Details |
|---|---|
| Canada Market Size (2033) | US$ 386.8 million |
| Canada Absolute Dollar Growth | US$ 14.1 million |
| Canada Market CAGR (2023 to 2033) | 15.9% |
| Attributes | Details |
|---|---|
| Germany Market Size (2033) | US$ 609.3 million |
| Germany Absolute Dollar Growth | US$ 17.5 million |
| Germany Market CAGR (2023 to 2033) | 13.4% |
Europe is anticipated to register a prolific increase in the cold plasma market, attributed to heightened demand for decontaminated frozen food, and rising polymer production. Germany is the leading region in Europe owing to the increased adoption of cold plasma for textile production, and other high-value industries.
| Attributes | Details |
|---|---|
| United Kingdom Market Size (2033) | US$ 463.6 million |
| United Kingdom Absolute Dollar Growth | US$ 17.5 million |
| United Kingdom Market CAGR (2023 to 2033) | 13.6% |
| Attributes | Details |
|---|---|
| China Market Size (2033) | US$ 628.1 million |
| China Absolute Dollar Growth | US$ 22.7 million |
| China Market CAGR (2023 to 2033) | 15.8% |
A large population base in the Asia Pacific countries entails heightened cases of several health ailments. Consequently, hospital admissions have increased. This increase in hospital admissions has also elevated the risk of contracting nosocomial infections, for which cold plasma disinfection would experience tremendous scope. The majority of this demand is expected to be stimulated by emerging economies such as China and India. Global vendors in the cold plasma sector are therefore scrambling to acquire a foothold in these regions.
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| Attributes | Details |
|---|---|
| Top Regime Type | Atmospheric Pressure |
| CAGR % 2017 to 2022 | 14.7% |
| CAGR % 2023 End of Forecast (2033) | 13.4% |
Experts have concluded that cold atmospheric plasma treatment can make significant inroads in the treatment of coronavirus-positive patients in the forthcoming time period. Several anesthesiologists, microbiologists, and virologists are exploring this possibility. Precedents have established that cold plasma disinfection can deactivate air-borne pathogens, including some potentially deadly viruses. A study conducted by the University of Michigan discovered that employing a non-thermal plasma reactor could eradicate 99.9% of the virus in the airstream through inactivation. This example renders it prudent to suppose that the novel coronavirus strain may also be inactivated by cold plasma, thus eventually providing a potential cure for viral diseases.
| Attributes | Details |
|---|---|
| Top Application | Wound Healing |
| CAGR % 2017 to 2022 | 14% |
| CAGR % 2023 End of Forecast (2033) | 12.9% |
Chronic wounds such as diabetic ulcers, either heal with great difficulty or not at all, rendering them susceptible to infections from external bacteria and other pathogens. In this regard, cold plasma has proven highly beneficial. It is capable of inactivating bacteria such as methicillin-resistant Staphylococcus aureus (MRSA), the key infecting pathogens. Cold plasma disinfection is also acquiring momentum with respect to prolonging the lives of personal protective gear. Due to the shortage of protective and sterile clothing, healthcare providers are treating existing gear with cold plasma, effectively inactivating any pathogen which may be present on the surface.
In 2019, the Electronics & Photonic Innovation Center (EPIC) acquired a substantial number of United Kingdom-based Henniker Plasma’s HPT-200 plasma treatment systems. It helped in expanding their own business capabilities and created awareness about technological advancements in the electronics & photonics industry.
In 2020, German company Plasmatreat deployed a prototype cleaning station in conjunction with the Bavarian Red Cross for disinfecting single-use protective clothing. It was for frontline COVID-19 healthcare workers while another station is currently undergoing clinical testing in the University Hospital at the Technical University of Munich.
In February 2020, Adtech Plasma Technology initiated a new project in collaboration with Hull York Medical School for testing gas plasma on osteomyelitis bone infections. The project is expected to assist in establishing a laboratory testing model for evaluating and optimizing plasma treatment for osteomyelitis biofilm infections.
In 2019, Europlasma NV launched PlasmaGuard, the first all-halogen-free plasma-enhanced chemical vapor deposition (PECVD) conformal coating for printed circuit boards and wearable devices. Its sister company, CPI, developed a proprietary plasma technology that helps protect the environment by reducing CO2 output through reduced energy generation.
Thierry Corporation is yet another important player, which not only offers several plasma cleaning technologies but also provides pre-sales, sales, and after-sales services to its clients, allowing it to acquire a significant competitive edge over its rivals.
The market has the potential to be estimated at US$ 2469.5 million in 2023.
From 2018 to 2022, sales developed considerably at a 13.6% CAGR.
The market to steadily expand at a 14.3% CAGR through 2033.
By 2033, the global market is expected to be worth US$ 9380.9 million.
The United States market is set to expand at a CAGR of 13.7% through 2033.
1. Executive Summary | Cold Plasma Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Regime Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Regime Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Regime Type, 2023 to 2033
5.3.1. Low-pressure
5.3.2. Atmospheric Pressure
5.4. Y-o-Y Growth Trend Analysis By Regime Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Regime Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Would Healing
6.3.2. Cancer Treatment
6.3.3. Blood Coagulation
6.3.4. Dentistry
6.3.5. Packaging Decontamination
6.3.6. Food Surface Decontamination
6.3.7. Wastewater Treatment
6.3.8. Seed Germination
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Technology , 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Technology , 2023 to 2033
7.3.1. Remote Treatment
7.3.2. Direct Treatment
7.3.3. Electrode Contact
7.4. Y-o-Y Growth Trend Analysis By Technology , 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Technology , 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
8.1. Introduction / Key Findings
8.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022
8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033
8.3.1. Medical Industry
8.3.2. Textile Industry
8.3.3. Electrical & Electronic Industry
8.3.4. Food & Agriculture Industry
8.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
8.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9.1. Introduction
9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
9.3.1. North America
9.3.2. Latin America
9.3.3. Europe
9.3.4. Asia Pacific
9.3.5. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. USA
10.2.1.2. Canada
10.2.2. By Regime Type
10.2.3. By Application
10.2.4. By Technology
10.2.5. By End User
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Regime Type
10.3.3. By Application
10.3.4. By Technology
10.3.5. By End User
10.4. Key Takeaways
11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Brazil
11.2.1.2. Mexico
11.2.1.3. Rest of Latin America
11.2.2. By Regime Type
11.2.3. By Application
11.2.4. By Technology
11.2.5. By End User
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Regime Type
11.3.3. By Application
11.3.4. By Technology
11.3.5. By End User
11.4. Key Takeaways
12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. United kingdom
12.2.1.2. Spain
12.2.1.3. Germany
12.2.1.4. Italy
12.2.1.5. France
12.2.1.6. Rest of Europe
12.2.2. By Regime Type
12.2.3. By Application
12.2.4. By Technology
12.2.5. By End User
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Regime Type
12.3.3. By Application
12.3.4. By Technology
12.3.5. By End User
12.4. Key Takeaways
13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. India
13.2.1.4. South Korea
13.2.1.5. Rest of Asia Pacific
13.2.2. By Regime Type
13.2.3. By Application
13.2.4. By Technology
13.2.5. By End User
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Regime Type
13.3.3. By Application
13.3.4. By Technology
13.3.5. By End User
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. South Africa
14.2.1.2. GCC Countries
14.2.1.3. Rest of Middle East and Africa
14.2.2. By Regime Type
14.2.3. By Application
14.2.4. By Technology
14.2.5. By End User
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Regime Type
14.3.3. By Application
14.3.4. By Technology
14.3.5. By End User
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By Regime Type
15.1.2.2. By Application
15.1.2.3. By Technology
15.1.2.4. By End User
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By Regime Type
15.2.2.2. By Application
15.2.2.3. By Technology
15.2.2.4. By End User
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By Regime Type
15.3.2.2. By Application
15.3.2.3. By Technology
15.3.2.4. By End User
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By Regime Type
15.4.2.2. By Application
15.4.2.3. By Technology
15.4.2.4. By End User
15.5. United kingdom
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By Regime Type
15.5.2.2. By Application
15.5.2.3. By Technology
15.5.2.4. By End User
15.6. Spain
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By Regime Type
15.6.2.2. By Application
15.6.2.3. By Technology
15.6.2.4. By End User
15.7. Germany
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By Regime Type
15.7.2.2. By Application
15.7.2.3. By Technology
15.7.2.4. By End User
15.8. Italy
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By Regime Type
15.8.2.2. By Application
15.8.2.3. By Technology
15.8.2.4. By End User
15.9. France
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By Regime Type
15.9.2.2. By Application
15.9.2.3. By Technology
15.9.2.4. By End User
15.10. China
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By Regime Type
15.10.2.2. By Application
15.10.2.3. By Technology
15.10.2.4. By End User
15.11. Japan
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By Regime Type
15.11.2.2. By Application
15.11.2.3. By Technology
15.11.2.4. By End User
15.12. India
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By Regime Type
15.12.2.2. By Application
15.12.2.3. By Technology
15.12.2.4. By End User
15.13. South Korea
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By Regime Type
15.13.2.2. By Application
15.13.2.3. By Technology
15.13.2.4. By End User
15.14. South Africa
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By Regime Type
15.14.2.2. By Application
15.14.2.3. By Technology
15.14.2.4. By End User
15.15. GCC Countries
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By Regime Type
15.15.2.2. By Application
15.15.2.3. By Technology
15.15.2.4. By End User
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Regime Type
16.3.3. By Application
16.3.4. By Technology
16.3.5. By End User
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Linde AG
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. Nordson Corporation
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. ADTEC Plasma Technology Co., Ltd.
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Bovie Medical Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. Europlasma NV
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. Henniker Plasma
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. Vetaphone A/S
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Plasmatreat GmbH
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Neoplas Tools GmbH
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Ethicon, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.11. Baxter International
17.1.11.1. Overview
17.1.11.2. Product Portfolio
17.1.11.3. Profitability by Market Segments
17.1.11.4. Sales Footprint
17.1.11.5. Strategy Overview
17.1.11.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Cold Plasma Market
