Medical Device

5.9% Global CAGR for Cold Plasma Equipment Market to achieve US$ 26,253.37 Mn by 2027

Nordson Corporation and Plasmatreat GmbH Notable Market Participants in Cold Plasma Equipment Industry

Cold plasma is also called as non-thermal plasma and used in wide range of applications in various industries including medical, food and biomedical industries. It is a powerful tool which is used to provide antimicrobial treatment for foodstuffs and food packaging materials. The invention to develop the technology is to develop in-package decontamination. The cold plasma technology offers non-thermal treatment of foods post-packaging. Factors such as increasing adoption of cold plasma for medical procedures, increasing incidence of hospital acquired infections and increasing research and development for cold plasma for cancer therapies are expected to account for the growth of the market.

The most notable market participants are Nordson Corporation, Plasmatreat GmbH, Adtec Healthcare, Henniker Plasma, Europlasma NV, Tantec GmbH, TheraDep Technologies, Inc., terraplasma medical GmbH, Apyx Medical and neoplas tools GmbH occupying a considerable share of the market owing to their offerings to the market.

Market leaders are involved in inorganic activities such as partnerships and acquisitions in order to improve their performance and consolidate market position. For instance, in September 2017, SiO2 Medical Products, Inc. (SMP) which is a US-based company signed a commercialization agreement with Theradep Technologies, Inc., wherein SMP would be the exclusive supplier of Theraedep’s BioDep coated cell and tissue culture multi-well plates for general purpose use and non-exclusive partner for such coatings on other lab-ware or consumables.

Prominent players in cold plasma equipment market are also focusing on organic strategies such as product launch, product approval, geographic and manufacturing expansion, and others. These strategies are helping major players to strengthen their market positions along with widening their geographic footprints. Additionally, various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market. Few of the important key developments from the industry are mentioned below:

Year

News

Region

2019

terraplasma medical GmbH successfully completed the CE conformity assessment procedure for the plasma care to be marketed in the European Union for being a portable medical device intended for the treatment of acute and chronic wounds.

Europe

2020

Perricone MD, the brand that continuously seeks to unlock the powerful science behind healthy-looking skin, introduced a new formulation of iconic cold plasma named Sub-D/Neck treatment.

North America

2017

SiO2 Medical Products Signs Commercialization Agreement with TheraDep wherein SMP would be the exclusive supplier of Theraedep’s BioDep coated cell and tissue culture multi-well plates for general purpose use and non-exclusive partner for such coatings on other lab-ware or consumables.

North America