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%.
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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
