Market Size of Global Cold Plasma in Healthcare Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 15.30 % |
Fastest Growing Market | Europe |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Healthcare Cold Plasma Market Analysis
The cold plasma in the healthcare market is expected to grow with a CAGR of 15.3% during the forecast period.
The COVID-19 pandemic has impacted the cold plasma market due to disruptions to various treatments and supply chains. The disruption in the supply chain during COVID-19 and the delay in the delivery of essential products required for the manufacturing of cold plasma had an adverse effect on the market. Some major issues faced by the market during a pandemic include trucking bottlenecks and port checkpoints slowing down their deliveries, including critical supplies; export bans imposed in many countries, only a few manufacturing units were functional, lack of healthcare workers to transport and produce products; lack of proper coordination and alignment among federal, local, and state agencies as well as among healthcare organizations, which lead to a fragmented approach towards ordering and fulfillment. However, with restored services, treatment procedures, increased hospital visits, and decreasing restrictions on COVID-19, the demand for cold plasma in the treatment of various diseases and infections is likely to increase, which is expected to boost market growth over the forecast period.
Factors driving the growth of the market are environmental friendliness and other benefits of cold plasma techniques and the increasing use of cold plasma in wound healing. In addition, the use of cold plasma in dentistry is increasing due to the advantages of cold plasma over other methods. For example, according to an article published by Materials Today Bio in January 2022 entitled "Aurora Borealis in Dentistry: Cold Plasma Applications in Biomedicine", cold plasma was observed to decontaminate dental caries without the need for drilling, as compared to mechanical methods that are used to clean an infected tooth, and its active plasma particles can penetrate deep into the cavity.
Cold plasma is effectively combined with chemotherapy in the treatment of cancer and promotes wound sterilization, blood coagulation, and cell proliferation in wound healing. Its use enables effective medical treatment of cancer and various skin injuries and diseases. For example, according to an article published in the journal Oxidative Medicine and Cellular Longevity in December 2021 titled "Cold Physical Plasma in Cancer Therapy: Mechanism, Signalling, and Immunity", treatment of tumor tissue in the head and neck with cold argon plasma led to higher levels of extracellular cytochrome c and triggered more apoptotic cells than in healthy tissue. Cold argon plasma can also selectively kill cancer cells more effectively than non-neoplastic cells. Thus, cold argon plasma is effective in killing cancer cells without any side effects, which is expected to increase the demand for cold plasma treatment, thereby fueling market growth.
However, the lack of awareness about cold plasma technology in the healthcare industry and stringent regulatory policies are likely to restrain the growth of the market.
Healthcare Cold Plasma Industry Segmentation
As per the scope of the report, cold plasma is an ionized gas at room temperature that is created by electric discharge. The cold plasma treatment is a contact-free and painless procedure to sterilize wounds and promote wound healing. The costs are comparable to or lower than those of standard antimicrobial wound treatment. The Cold Plasma in Healthcare Market is segmented by Application (Wound Healing, Surgical Application, and Other Medical Applications), and Geography (North America, Europe, Asia-Pacific, and South America). The report offers the value (in USD million) for the above segments.
By Application | |
Wound Healing | |
Surgical Application | |
Other Medical Applications |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
Rest of World |
Global Cold Plasma in Healthcare Market Size Summary
The cold plasma in healthcare market is poised for significant growth, driven by its environmental benefits and increasing applications in wound healing and dentistry. The technology's ability to decontaminate dental caries without drilling and its effectiveness in promoting wound sterilization, blood coagulation, and cell proliferation are key factors contributing to its rising adoption. The market experienced disruptions during the COVID-19 pandemic due to supply chain challenges and delays in product delivery, but as services and treatment procedures have resumed, the demand for cold plasma is expected to rise. The technology's integration with chemotherapy for cancer treatment and its ability to selectively target cancer cells without side effects further bolster its market potential. However, challenges such as limited awareness and stringent regulatory policies may impede growth.
The market's expansion is also supported by the increasing geriatric population, who are more susceptible to chronic wounds, and the high incidence of road traffic injuries necessitating effective wound management solutions. North America is anticipated to witness robust growth due to the prevalence of chronic diseases and the presence of key industry players. The rising burden of cancer and the growing demand for non-invasive dental treatments are expected to drive the adoption of cold plasma therapy. The competitive landscape is marked by the presence of both international and local companies, with notable advancements in clinical trials and studies highlighting the technology's efficacy in treating chronic wounds and solid tumors. These factors collectively indicate a promising growth trajectory for the cold plasma in healthcare market over the forecast period.
Global Cold Plasma in Healthcare Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Environment Friendliness and Other Benefits of Cold Plasma Techniques
-
1.2.2 Increasing Use of Cold Plasma in Wound Healing
-
-
1.3 Market Restraints
-
1.3.1 Lack of Awareness about Cold Plasma Technology in the Healthcare Industry and Stringent regulatory Policies
-
-
1.4 Porter's Five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Application
-
2.1.1 Wound Healing
-
2.1.2 Surgical Application
-
2.1.3 Other Medical Applications
-
-
2.2 Geography
-
2.2.1 North America
-
2.2.1.1 United States
-
2.2.1.2 Canada
-
2.2.1.3 Mexico
-
-
2.2.2 Europe
-
2.2.2.1 Germany
-
2.2.2.2 United Kingdom
-
2.2.2.3 France
-
2.2.2.4 Italy
-
2.2.2.5 Spain
-
2.2.2.6 Rest of Europe
-
-
2.2.3 Asia-Pacific
-
2.2.3.1 China
-
2.2.3.2 Japan
-
2.2.3.3 India
-
2.2.3.4 Australia
-
2.2.3.5 South Korea
-
2.2.3.6 Rest of Asia-Pacific
-
-
2.2.4 Rest of World
-
-
Global Cold Plasma in Healthcare Market Size FAQs
What is the current Global Cold Plasma in Healthcare Market size?
The Global Cold Plasma in Healthcare Market is projected to register a CAGR of 15.30% during the forecast period (2024-2029)
Who are the key players in Global Cold Plasma in Healthcare Market?
Neoplas med GmbH, U.S. Medical Innovations, terraplasma medical GmbH, Adtec Healthcare and Apyx Medical are the major companies operating in the Global Cold Plasma in Healthcare Market.