Precision Business Insights (PBI) in its report titled “Global Cold Plasma Market” Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global cold plasma market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of hospital acquired infections due to the unhygienic maintenance of hospitals, vast usage of cold plasma in medical treatment such as wound healing, in cancer treatment, increasing use of cold plasma in food industry for the packaging of food, and continuous inventions in the cold plasma industry are expected to drive the global cold plasma market. However, high capital investment for establishing a plant of cold plasma, high cost of equipment and limited commercialization are anticipated to hinder the revenue share of global pain treatment market.
Global cold plasma market segmented on the basis of regime, application, end user and region
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Pain Syndrome Illness Treatment Dominates the Global Cold Plasma Market
Based on the end user, global cold plasma market segmented into food industry, medical industry, textile industry, electronics & semiconductor industry and others. Among them, electronics & semiconductor industry dominated the global cold plasma market in 2017 and estimated to dominate over the forecast period owing to the extensive use of cold plasma in the manufacture of semiconductors and it is expected to surge the market over the forecast years. However, a significant growth rate observed in case of food industry due to increased safety standards for the food manufacturing and packaging.
North America Region Leads the Global Cold Plasma Market
PBI’s global cold plasma market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to the high research & development activities regarding the cold plasma technology, increase in demand for the frozen food, presence of major market players are anticipated propel the market. European and Asia pacific cold plasma market projected to exhibit significant growth due to the increase in usage of cold plasma by textile industries, significant technological developments in the electronics and semiconductor industry are expected to boost the market.
Launch of newer types of therapies, treatment centers, and strategic alliances are the key strategies adopted by market players
Global cold plasma market further reveals that the key players increasingly adopting strategies such as launch of newer technologies for the preparation, treatment centers, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance In October 2016, Henniker Plasma launched a cost-effective bench-top plasma cleaner for transmission Electron Microscopy (TEM) sample preparation.
Key player’s profiles in the report are Key players leading the global Cold Plasma market include
• Nordson Corporation (US)
• ADTEC Plasma Technology Co. Ltd. (Japan)
• Tantec A/S (Denmark)
• Henniker Plasma (UK)
• Enercon Industries Corporation (US),
• Neoplas Tools GmbH (Germany)
• Plasmatreat GmbH (Germany)
• Europlasma NV (Belgium)
• Vetaphone A/S (Denmark)
• Bovie Medical Corporation (U.S).
o Low Pressure Cold Plasma
o Atmospheric Cold Plasma
o Cleaning & Activation,
o Blood Coagulation
o Cancer Treatment
By End user
o Food Industry
o Medical Industry
o Textile industry
o Electronics & Semiconductor Industry
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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