Global Cold Plasma Market is valued approximately at USD 1.30 billion in 2018 and is anticipated to grow with a healthy compounded growth rate of more than 15.6% over the forecast period 2019-2026. Cold plasma, which is also known as non-equilibrium plasma or non-thermal plasma, is a classification of plasma and is considered as the fourth state of matter. It has several applications in bioengineering, medical and therapeutics. It is mainly used for sterilization of biomedical surfaces, medication of living biological tissues, and surface variation of biomedical devices and materials, due to its antimicrobial & bactericidal properties. Rising cases of Hospital-Acquired Infections (HAIs), due to the lack of sanitation and precaution; increasing application of cold plasma in various industries and growing benefits of cold plasma technology are the few factors responsible for high CAGR of the market over the forecast period. For instance, according to theto the Centers for Disease Control and Prevention (CDC), about 1 in 25 hospital patients has at least one HAI every year. Similarly, according to the European Centre for Disease Prevention and Control, in 2015, 11,788 (around 8.0%) patients admitted in Intensive Care Unit (ICU) for over two days suffered from at least one ICU-developed HAI. Moreover, growing application of cold plasma in the medical industry along with growing demand from developing nations is the major factor which is likely to create lucrative growth opportunity to the market in the upcoming years. However, huge capital incurred for implementing cold plasma technology is one of the major factorfactors anticipated to limiting the growth of global Cold Plasma market during the forecast period.
The regional analysis of global Cold Plasma Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technologically advanced products, rise in demand for advanced procedures for various treatments, increasing HAI cases, and rising awareness about applications of cold plasma in medicine across the region. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026 due to the increasing demand for decontaminated frozen food, growing manufacturing facilities of textiles, and the rising production of polymers in the region.
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Global Cold Plasma Market Size study, by Industry (Textile Industry, Polymer & Plastic Industry, Electronics & Semiconductor Industry, Food...
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