The global cold plasma equipment market is expected to reach US$ 308.14 Mn in 2027 from US$ 96.67 Mn in 2019. The market is estimated to grow with a CAGR of 15.7% from 2020-2027.
The growth of the cold plasma equipment market is primarily attributed to the factors such as increasing use of cold plasma in medical treatment, increasing hospital acquired infections (HAIs) and increasing adoption of new therapies for cancer treatment. However, lack of reimbursement for cold plasma procedures and adverse events exhibited by cold plasma techniques are likely to pose a negative impact on the market growth. On the other hand, growth opportunities in emerging regions and improving healthcare sector is likely to have a positive impact on the growth of the global cold plasma equipment market during the forecast period.
Cold plasma is proved very effective in the biomedicine. Cold plasma is used in many medical treatments such as, wound healing, cancer, dermatology, atmospheric plasma on diabetes-induced enzyme glycation, oxidative stress, and inflammation, disinfection and scar treatment. Cold plasma's ability to kill bacteria, including the drug-resistant bacteria, to avoid further infection, helps in chronic wounds. This accelerates the process of wound healing and prevents further complications and the related discomforts. Although there are many other treatment methods for wound healing, it is expected that cold plasma therapy is one of the most effective ways. Plasma sources used in plasma medicine are typically "low temperature" plasma sources operated at atmospheric pressure. In this context, low temperature refers to temperatures similar to room temperature, usually slightly above. Increasing in cases of diabetes, wound and other inflammation, is growing the market. According to the International Diabetes Federation (IDF), in 2017, number of people with diabetes in North America was approximately 46 million which is expected to grow at 62 million in 2045. The increase in the disease prevalence is around 35% during the forecast period. The increasing adoption of cold plasma in various medical applications is thus expected to account for the market growth.
The cold plasma equipment market is bifurcated on basis of regime into low-pressure cold plasma, atmospheric cold plasma. Cold plasma (or non-equilibrium plasma) is the plasma in which the temperature of the constituents varies from one another. Cold plasma equipment therapy provides a new way to keep hospital patients safe from infections. In 2019, the atmospheric cold plasma equipment dominated the market by regime type contributing a significant share in the market. This attributes to the advantages offered by atmospheric plasma as it is a dry process, requires little energy and economic advantages offered over traditional processing techniques.
Some of the major primary and secondary sources for cold plasma equipment included in the report are Centers for Disease Control and Prevention (CDC), USFDA, US Medical Innovations (USMI), Department of Health and Human Services (HHS), and others.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Cold Plasma Equipment Market – By Regime
1.3.2 Global Cold Plasma Equipment Market – By Application
1.3.3 Global Cold Plasma Equipment Market – By Geography
2. Cold Plasma Equipment Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Cold Plasma Equipment – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America: PEST Analysis
4.2.2 Europe: PEST Analysis
4.2.3 APAC: PEST Analysis
4.2.4 MEA: PEST Analysis
4.2.5 South & Central America: PEST Analysis
4.3 Expert Opinion
5. Cold Plasma Equipment – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising use of cold plasma in medical treatment
Summary: Get latest Market Research Reports on Cold Plasma Equipment . Industry analysis & Market Report on Cold Plasma Equipment is a syndicated market report, published as Cold Plasma Equipment Market to 2027 - Global Analysis and Forecasts by Regime (Low-Pressure Cold Plasma Equipment and Atmospheric Cold Plasma Equipment); By Application (Wound Healing, Blood Coagulation, Cancer Treatment, Dentistry, and Others), and Geography. It is complete Research Study and Industry Analysis of Cold Plasma Equipment market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.