Cold Plasma Equipment Market Dynamics - 2021 to 2031
The Cold Plasma Equipment Market size is projected to reach US$ 570.15 million by 2031 from US$ 148.26 million in 2022. The market is expected to register a CAGR of 16.2% in 2023–2031. Increase in research activities and product innovation led to the new product launches in the market. Additionally, increase in strategic collaboration among market players are likely to remain key Cold Plasma Equipment Market trends.
Cold Plasma Equipment Market Analysis
Incidence and prevalence of most types of cancers are continuously rising along with oncological research. Surgical oncology is likely to be considered as an important type of cancer therapy, which plays an important role in cancer therapy as an effective treatment. Surgery of cancerous cell needs to treat with cold plasma for the coagulation process. More of study about cold plasma were compared, for the treatment and benefits of cold plasma in cancer treatment. The study regarding the use of cold plasma in cancer treatment it can target and kill cancer cells. The mechanism of action of cold atmospheric plasma shows that reactive oxidative species (ROS) can be the major cause of the biological effect of plasma. Due to the significant action of cold plasma in cancer treatment, it is likely to boost the growth of the cold plasma equipment market.
Cold Plasma Equipment Market Overview
Cold plasma is ionized and characterized by different active element which has various applications such as sterilization, wound healing treatment, and others. the increasing prevalence of chronic disorders, increase in healthcare industry, followed by the surge in research activities and new product launches and strategic collaborations among market players are expected to promote the market growth. North America is leading the market in terms of market share closely followed by Europe and Asia Pacific is expected to register the highest CAGR during the forecast period.
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Cold Plasma Equipment Market: Strategic Insights
Market Size Value in US$ 96.67 Million in 2019 Market Size Value by US$ 308.14 Million in 2027 Growth rate CAGR of 15.7% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Cold Plasma Equipment Market: Strategic Insights
| Market Size Value in | US$ 96.67 Million in 2019 |
| Market Size Value by | US$ 308.14 Million in 2027 |
| Growth rate | CAGR of 15.7% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Cold Plasma Equipment Market Drivers and Opportunities
Increasing Prevalence of chronic conditions to Favor Market
There has been significant increase in the prevalence of chronic conditions such as cancer, diabetes, and others. The cold plasma therapy is one of the medical treatments helps in various conditions wound healing, cancer, dermatology, atmospheric plasma on diabetes-induced enzyme glycation, oxidative stress, and inflammation, disinfection, and scar treatment. Diabetes affects many parts of the body, especially feet. Additionally, diabetic foot ulcers are sores that develop on the feet, and they can develop even from seemingly trivial injuries to the feet. Diabetic foot ulcers are a common cause of amputation due to diabetes. Across the globe, approximately every 30 seconds one leg is amputated because of diabetes. According to the report published by National institutes of Health, in 2021, the annual incidence of foot ulceration is ranges between 1.9 % to 4.0% of the diabetic population. Due to rise in use of cold plasma, in various kind of treatment, it is likely to increase the cold plasma equipment market.
Growth in the global healthcare market– An Opportunity for Cold Plasma Equipment Market
The healthcare industry has been undergoing rapid transformations during previous years. Various countries across the globe have preferred advanced technologies in healthcare. With an increase in the need for better healthcare facilities, Technology-Enabled Care (TEC) solutions are being referred to in the healthcare systems in the emerging economies. The increase in the aging population, incidences of chronic illnesses, and pediatric care are the primary factors driving the growth of the healthcare industry which in turn create demand for cold plasma equipment market.
Various players in the industry have been investing a significant amount of their revenue in research and development activities for the development of better and advanced products and technologies to be used in the healthcare industry. Also, the provisions of reimbursement for various medical procedures are expected to fuel the growth of the sector during the future period. The presence of regulations laid down by government bodies, it is possible to obtain better and reliable healthcare facilities, ensuring quality care and patient safety, mitigating fraud, and cyber threats. Therefore, all the above-mentioned factors are expected to create ample opportunities for the cold plasma equipment market.
Cold Plasma Equipment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the Cold Plasma Equipment Market analysis are regime and application.
- Based on regime, the Cold Plasma Equipment Market is segmented into low-pressure cold plasma, atmospheric cold plasma. The atmospheric cold plasma segment held a larger market share in 2023.
- By application, the market is segmented into wound healing, blood coagulation, cancer treatment, dentistry, and other applications. The wound healing segment held the largest share of the market in 2023.
Cold Plasma Equipment Market Share Analysis by Geography
The geographic scope of the Cold Plasma Equipment Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the Cold Plasma Equipment Market. The companies are continuously enhancing the overall business processes to meet the customers' demand for high-quality products and services in the best possible way. Several domestic and multinational companies already have a strong foothold in the North American countries like the U.S. and Canada. The rapid growth of healthcare industry in North America is expected to positively impact the demand for cold plasma equipment in the region. Furthermore, adoption of innovative methods for cancer treatment and wound healing being experimented in these countries are also likely to propel the growth of cold plasma equipment market in North America. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.
Cold Plasma Equipment Market Report Scope
Cold Plasma Equipment Market News and Recent Developments
The Cold Plasma Equipment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for cold plasma equipment and strategies:
- Relyon Plasma GmbH launched the Relyon Plasma Piezobrush PZ3-i in 2021 aiming to provide manufacturers in the life sciences and medical industry with a new way to automate plasma surface treatment. (Source: Intertronics, Press Release, 2022)
- neoplas tools GmbH collaborated with Japanese technology group NGK Spark Plug Co., Ltd. for the development of cold plasma technology for accelerated wound healing. (Source: neoplas med GmbH, company website, 2022)
- NGK SPARK PLUG has entered into a strategic partnership with neoplas med GmbH for the development of state-of-the-art wound healing technologies to improve the quality of life of patients worldwide. The collaboration will involve NGK investing growth capital from its Venture Capital Fund CVC, jointly operated with Pegasus Tech Ventures.
Cold Plasma Equipment Market Report Coverage and Deliverables
The “Cold Plasma Equipment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Regime ; Application ; and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, RoAPAC, RoE, RoMEA, RoSCAM, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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