A partially ionized gas comprising ions, electrons, ultraviolet photons, and reactive neutrals such as radicals, excited and ground-state molecules is known as cold plasma, the fourth state of matter. Gas dissociation by electricity, microwave radiation, or heat under ambient conditions can also be used to create plasmas artificially. Due to the low heat capacity of cold plasma, it finds application in bioengineering, medicine, and therapeutics.

The Cold Plasma Market is expected to witness a CAGR of ~16% from 2021 to 2026. Growing usage of cold plasma in wound healing, the increasing occurrence of cold plasma in cancer & infectious disease treatment, rising awareness regarding cold plasma in medical, electronics & electrical, textile & food industries, and increasing demand for environment-friendly cold plasma techniques are some of the key factors driving the global cold plasma market.

Rising Acceptance of Cold Atmospheric Plasma (CAP) Therapy in Wound Healing

One of the newest and most innovative techniques in the field of plasma medicine is called cold atmospheric plasma therapy. It contains of a mixture of reactive species that convey antimicrobial activity and affect human tissues. Due to its environment-friendly and non-invasive nature, this technique has been admired and encouraged to use in different therapeutic regimes like wound healing, tissue regeneration, and skin infection management. Atmospheric pressure cold plasmas could affect different stages of wound healing by helping to activate microorganisms in the first stage and stimulate skin-related cell proliferation and migration in the following period.

Utilizing Cold Plasma in Oncology and Dentistry Boost the Cold Plasma Market Demand

Cold (non-thermal) plasma treatment can be used to stop or eliminate infections from bacteria, bacterial biofilms, fungi, and viruses. Prospects of cold plasma in dentistry and oncology look promising due to its anti-microbial properties and its cell death properties on cells. In dentistry, cold plasma showed promising results in tooth bleaching, deactivation of biofilms in teeth, instrument sterilization, and composite restoration. Promising findings obtained from in vivo and in vitro studies of cold plasma in oncology show that it will find its niche in the treatment of cancer patients in the future. However, more studies need to be performed regarding the mechanism of action.

“The market will be driven by the increasing use of innovative technology. For instance, the extensive uses of dielectric barrier discharge (DBD) and the non-equilibrium atmospheric pressure plasma jet (N-APPJ) plasma discharge methods have been very effective in various biomedical applications.” - Chief Researcher, Cold Plasma Product Manufacturer, United States

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Asian Cold Plasma Market Set to Soar

APAC is predicted to experience considerable growth in the future years, due to the adoption of technologically advanced cold plasma products in the healthcare industry, increasing demand for decontaminated frozen food, and growing manufacturing of semiconductor, textile, and polymer industries in this region. The development in the European region market is attributed to increasing research and development activities, the availability of various FDA-approved products, and the presence of some of the key players in this region.

Companies Adopt Both Organic & Inorganic Growth Strategies to Increase their Market Share

Players operating in the global cold plasma market are accepting organic and inorganic growth strategies such as collaborations, acquisitions, and new product launches to gather market share.

For instance,

• In October 2021, Plasmacure secured a new series of funding from a consortium with Topfonds Gelderland, NextGen Ventures, European Innovation Council (EIC) Fund, and Credential B.V. (a group of informal investors) to carry out clinical studies and to sell their product internationally
• In October 2021, Reylon Plasma announced the launch of its compact integration solution piezobrush ® PZ3-I in Bondexpo trade fair preview. The compact integration solution is suitable for a wide variety of surface applications

Competitive Landscape Analysis of Cold Plasma Market

Some of the key players operating in the global cold plasma market include Apyx Medical Corporation, Nordson Corporation, P2i, and Relyon Plasma GmbH, among others.

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