Cold Plasma Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
The cold plasma is also referred to as non-thermal atmospheric pressure plasma and is used in industries such as plastics and polymers, textiles, electronics, food and agriculture, and medicine. Cold plasma is a reactive gas containing different amounts of ions, electrons, and neutral particles in the air that allows us to generate ozone from oxygen molecules by means of electrical discharges via atmospheric gases.

Sizing and Forecast
The cold plasma market size has grown rapidly in recent years. It will grow from <b>$2.73 billion in 2023 to $3.17 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. </b> 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 <b>$5.96 billion in 2028 at a compound annual growth rate (CAGR) of 17.1%. </b> 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.

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Segmentation & Regional Insights
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

<b>Asia-Pacific</b> was the largest region in the cold plasma market in 2023. <b>North America</b> is expected to be the fastest-growing region in the forecast period. The regions covered in the cold plasma market market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the cold plasma market market include <b> Ethicon Inc., Baxter International Inc., 3M Company, Smith & Nephew plc., Nordson Corporation, Plasma Etch Inc., Adtech Plasma Technology Co. Ltd., P2i Limited, Relyon Plasma GmbH, Henniker Plasma Treatment, Enercon Industries Corporation, AcXys Plasma Technologies, Plasmatreat GmbH, Europlasma NV, SOFTAL Corona & Plasma GmbH, UNIQAIR Technologies Ltd., CINOGY System GmbH, neoplas med GmbH, Leaflife Technology Co. Ltd., Nova Plasma Ltd., Tantec A/S, Thierry Corporation, Surfx Technologies LLC, Coating Plasma Innovation, Ferrarini & Benelli Srl, terraplasma GmbH, Molecular Plasma Group, Advanced Plasma Solutions Co. Inc., PlasmaLeap Technologies, US Medical Innovations LLC, COMET Plasma Control Technologies </b>

The cold plasma market report table of contents includes:

1. Executive Summary
2.Cold Plasma Market Characteristics
3.Cold Plasma Market Trends And Strategies
4.Cold Plasma Market analysis
5.Cold Plasma Market Size And Growth
6. Cold Plasma Segmentation
7. Cold Plasma Regional And Country Analysis
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27Cold Plasma. Competitive Landscape And Company Profiles
28.Cold Plasma Key Mergers And Acquisitions
29. Cold Plasma Future Outlook and Potential Analysis

TOP MAJOR PLAYERS:

• Ethicon Inc.
• Baxter International Inc.
• 3M Company
• Smith & Nephew plc.
• Nordson Corporation

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