FMI’s recent report projects the cold plasma market to expand staggeringly, attributed to its increasing application in the healthcare industry to treat hospital acquired infections. In its new study that tracks markets across 20+ countries, the report opines demand from food processing industry to complement growth in addition to the sustained demand from healthcare sector.
Additionally, recent clinical trials have established the effectiveness of cold plasma treatment in the removal of post-surgery cancer tumors, especially in the breast and lung segments. The treatment is widely accepted due to its ability to target malignant tissues and leave healthy ones intact.
Cold plasma treatment is also being touted as an effective remedy against the ongoing COVID-19 pandemic. The capability to neutralize over nine out of ten pathogens from the airstream is prompting healthcare providers to increase their research in this area of treatment.
- Low temperature atmospheric pressure plasma to capture the lion’s share during the forecast period
- Food processing & packaging slated to expand impressively due to increased awareness regarding food contamination due to surface pathogens
- Administration for healing chronic wounds to experience immense white spaces in terms of application
- North America to retain market hegemony, Asia-Pacific offer lucrative prospects in the textile industry
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COVID-19 and the Cold Plasma Market
The novel coronavirus pandemic has substantially hindered growth prospects of the cold plasma market, especially in the chemicals, automotive manufacturing, food processing and textile industries. This is due to a major business crunch experienced by these industries due to mandatory lockdowns.
However, medical practitioners are advocating cold plasma as an effective remedy to treat positive patients, thus keeping its demand afloat in the healthcare industry. Based on trials conducted on adenoviruses and noroviruses, scientists are optimistic about the treatment successfully eradicating the novel coronavirus strain.
The overarching aim of healthcare practitioners is to administer the plasma intensive care on mechanically ventilated COVID-19 patients to reduce viral load and prevent bacterial pneumonia. This lucrative potential across the medical sector is anticipated to keep the market afloat in the short-run.
“Incumbent market players are highly emphasizing on diversifying their product portfolio by virtue of collaborations with leading academic & research institutes to augment their R&D operations, enabling them to introduce innovative products,” concludes the FMI analyst.
Prominent players within the global cold plasma market include Nordson Corporation, Europlasma NV, Plasmatreat GmBh, Terraplasma Medical GmBh, Henniker Plasma, US Medical Innovations, Molecular Plasma Group, Nordson Corporation, Adtech Plasma Technology Co Ltd., Smith & Nephew plc and Thierry Corporation to name a few.
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 will assist in establishing a laboratory testing model for evaluating and optimizing plasma treatment for osteomyelitis biofilm infections.
Plasmatreat has deployed a prototype cleaning station in conjunction with the Bavarian Red Cross for disinfecting single-use protective clothing for frontline COVID-19 healthcare workers.
In 2019, the Electronics & Photonic Innovation Center (EPIC) acquired a substantial number of UK-based Henniker Plasma’s HPT-200 plasma treatment system, thereby expanding their own business capabilities.
More Insights on the Cold Plasma Market
A recent market study published by FMI on the cold plasma market includes the global industry analysis of 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. The report involved detailed segmentation on the basis of regime, indication, end-use sector, application and region. Our analysts have conducted thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
- Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
- Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Promotional and Marketing Strategies
- Global Cold Plasma Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
5.1. Historical Market Value (US$ Mn) Analysis, 2015-2019
5.2. Current and Future Market Value (US$ Mn) Projections, 2020-2030
5.2.1. Y-o-Y Growth Trend Analysis
5.2.2. Absolute $ Opportunity Analysis
- Global Cold Plasma Market – Pricing Analysis
6.1. Regional Pricing Analysis By Regime Type
6.2. Pricing Break-up
6.2.1. Manufacturer Level Pricing
6.2.2. Distributor Level Pricing
6.3. Global Average Pricing Analysis Benchmark
- COVID19 Crisis Analysis
7.1. Current COVID19 Statistics and Probable Future Impact
7.2. Current GDP Projection and Probable Impact
7.3. Current Economic Projection as compared to 2008 financial analysis
7.4. COVID19 and Impact Analysis