Cold Plasma Market Revenue to Attain USD 9.56 Bn by 2033

07 Nov 2024

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Table of Content

1. Cold Plasma Market Revenue and Trends 2. Market Overview 3. Report Highlights of the Cold Plasma Market 4. Cold Plasma Market Trends 5. Regional Insights 6. Cold Plasma Market Coverage

Cold Plasma Market Revenue and Trends

The cold plasma market accounted for USD 2.87 billion in 2024 and is predicted to attain USD 9.56 billion by the end of 2033, representing an impressive CAGR of 14.31% from 2024 to 2033. The rising awareness about harmful chemicals and environmental pollution is driving the demand for eco-friendly technologies that boost the growth of the market.

Market Overview

Cold plasma is the ionized gas that is emerging as the leading technology in different industrial applications. It is also known as the non-equilibrium plasma. The cold plasma is made by continuously supplying energy to gases. Cold plasma is used in different types of industrial equipment, majorly consisting of healthcare and skincare equipment. 

Report Highlights of the Cold Plasma Market

• By pressure, the atmospheric pressure cold plasma segment led the cold plasma market in 2023. The growth of the segment is attributed to the rising demand for atmospheric pressure cold plasma by several end-use industries such as healthcare, skincare, and other industries for improving the outcome results. 
• By pressure, the low-pressure cold plasma segment expects significant growth in the market during the forecast period. It is a non-thermal plasma that is used in several industrial applications such as food, textile, plastic, and material processing. 
• By application, the wound healing application segment dominated the cold plasma market in 2023. The rising use of cold plasma in healthcare technologies. Cold plasma is an emerging technology that is highly adopted by the healthcare industry and helps in overcoming different types of diseases.
• By application, the cancer treatment application segment expects the fastest growth in the market during the predicted period. The rising diagnosis of cancer patients and the demand for efficient and innovative treatment procedures in cancer treatment. Cold plasma is beneficial in cancer treatment it eliminates the cancer cells without affecting the healthy cells of the body. 

Cold Plasma Market Trends

Rising industrialization

The increasing population and the demand for industrialization to cater to the continuously rising demand for various end-use products such as agriculture, food and beverages, healthcare and pharmaceuticals, and others contribute to the expanding growth of cold plasma.

Increasing demand for skin care

The rising implementation of cold plasma into the skincare industry provides various benefits in the different applications in skincare such as skin regeneration, anti-aging, wound healing, acne treatment, and other skin-related issues. There are several leading skincare and cosmetic brands are investing in cold plasma technology in their product for better results.

In healthcare and sanitization

The rapid evaluation of cold plasma in the healthcare and sanitization industry is efficiently used in different applications in healthcare as well as in sanitization such as wound healing, food safety, agriculture, food processing, sanitation, dental implants, and others.

Usage in cancer treatment

Cold plasma is considered one of the efficient technologies or treatment procedures used in the diagnosis and treatment of different types of cancers, including breast cancer, melanoma, cervical cancer, and prostate cancer, with no adverse effect on healthy body cells. 

Regional Insights

North America dominated the cold plasma market in 2023. The growth of the market is attributed to the presence of well-developed industrial infrastructure and the rising demand for new and innovative technologies that can enhance the overall operations of the industries. The rising healthcare and skincare market in regional countries like the United States, and Canada and the rising adoption of technologies into the devices or products related to the medical and skincare field for improving the outcome result that collectively driving the growth of the cold plasma market in the region. 

Asia Pacific expects the fastest growth in the market during the forecast period. The growth of the market is attributed to the rising population of the regional countries that caused the rise in the consumer base for the different industrial products with improved technologies and advancements. The rising healthcare infrastructure and the demand for the agriculture and food industry are accelerating the expansion of the cold plasma market across the region.

Cold Plasma Market Coverage

Cold Plasma Market News

• In November 2022, Plasma Waters launched a subsidiary in water-stressed India. Plasma waters, a patented technology that uses low-energy cold plasma, helps eliminate harmful bacteria from water and serves as a rapid, actionable solution for real-time monitoring of water quality.

Segments Covered in the Report

By Pressure

• Low-Pressure Cold Plasma
• Atmospheric Pressure Cold Plasma

By Application

• Wound Healing
• Blood Coagulation
• Dentistry
• Cancer Treatment
• Other Medical Applications

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