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.
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Key Takeaways
- 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
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.
Competitive Intelligence
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.
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