Cold Plasma Global Market Expected to Reach $7.12 Billion by 2029: Rapid CAGR of 18.1% Predicated
28 Jan, 2025
What Has Been the Growth Trajectory of the Cold Plasma Market in Recent Years?
The cold plasma market has experienced swift expansion.
• The size of the market rose from $3.16 billion in 2024 to $3.66 billion in 2025, with a robust CAGR of 16.1%.
The primary drivers for this impressive growth include the expansion of the medical and healthcare sectors, development in the food industry, and a booming aviation sector, especially in emerging markets.
What is the Future Projection for the Cold Plasma Market Size and Growth Rate?
The cold plasma market is slated for a rapid expansion in the coming years.
• The market size will rise to $7.12 billion by 2029, growing at an accelerated CAGR of 18.1%.
Factors such as the increasing demand for water and air purification, a thriving electronics industry, growing research and development activities, and government support are expected to propel this growth. The key trends that will additionally shape the forecast period are eco-friendly and sustainable solutions, nanotechnology, compact and portable devices, AI and automation integration, and industry collaboration.
What are the Key Drivers for the Growth of the Cold Plasma Market?
A surge in the use of cold plasma technology across various sectors is anticipated to drive the growth of the market. Notably, its application in healthcare devices and diagnostics as well as in the hydrophilization process in the textile industry stands out. Its therapeutic use, especially in treating chronic wounds amongst a growing geriatric and diabetic population, contributes significantly to this market. For instance, the World Health Organization anticipates the global elderly population to reach 2.1 billion by 2050, thereby boosting the demand for cold plasma technology in wound treatment.
How is the Cold Plasma Market Segmented?
The report provides a detailed market segmentation as follows:
1) By Regime: Atmospheric Cold Plasma, Low-Pressure Cold Plasma
2) By Technology: Remote Treatment, Direct Treatment, Electrode Contact
3) By Application: Wound Healing, Blood Coagulation, Dentistry, Cancer Treatment, Other Medical Applications
4) By End Use Sector: Automotive, Electronics & Semiconductors, Food Processing & Packaging, Medical, Aerospace, Polymers & Plastics, Other End-User Sector
What Trends are Contributing to the Growth of the Cold Plasma Market?
Technological advancements such as the MARCH MegaVIATM Plasma Treatment System by Nordson Corporation are a key trend in the market. These advancements are aimed at overcoming the challenges of handling large panels in printed circuit board production achieving high process reproducibility and plasma treatment uniformity.
Who Are the Main Players in the Cold Plasma Market?
Notable players include:
• Ethicon Inc.
• Baxter International Inc.
• 3M Company
• Smith & Nephew plc.
• Nordson Corporation
• Plasma Etch Inc.
• Adtech Plasma Technology Co. Ltd.
• P2i Limited
• Relyon Plasma GmbH
• Henniker Plasma Treatment
What are the Key Regional Insights of the Cold Plasma Market?
In 2024, Asia-Pacific was the largest region in the cold plasma market. However, during the forecast period, North America is expected to experience the fastest growth. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East and Africa.