Global Cold Plasma in Healthcare Market - Segmented by Application, Regime, and Geography - Growth, Trends, and Forecast (2018 - 2023)
Cold Plasma in Healthcare Market - Segmented by Application, Regime and Geography - Growth, Trends, and Forecast (2018 - 2023)
Keywords: cold plasma in healthcare market
Meta Description: The cold plasma in healthcare market is expected to grow, at a CAGR of 16.2% during the forecast period.
Meta title: Cold Plasma in Healthcare Market | Growth, Trends and Forecasts (2018-2023)
The cold plasma in healthcare market is expected to grow, at a CAGR of 16.2% during the forecast period. The use of cold plasma allows an effective medical treatment of various skin injuries and diseases, e.g., wounds, bacterial superinfections, and fungoid infections. Cold plasma is ionized gas at room temperature that is created by electric discharge. 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.
Increasing Use of Cold Plasma in Wound Healing
The field of cold plasma in medicine is growing quickly and the possibilities seem endless. For example, cold plasma has been shown to have potential to be effectively combined with chemotherapy in cancer treatment and to promote wound sterilization, blood coagulation, and cell proliferation in wound healing. In recent years, the main focus of clinical applications was in the field of wound healing and treatment of infective skin diseases. First CAP sources are CE-certified as medical devices now which is the main precondition to start the introduction of plasma medicine into clinical reality. Plasma application in dentistry and, above all, CAP use for cancer treatment are becoming more and more important research fields in plasma medicine. A further in-depth knowledge of control and adaptation of plasma parameters and plasma geometries is needed to obtain suitable and reliable plasma sources for the different therapeutic indications and to open up new fields of medical application.
Lack of Awareness about Cold Plasma Technology in Healthcare Industry
The use of cold plasma in food industry has been there for decades but, its medical therapy is relatively new and still under development. Although cold plasma technology for wound healing is a more economical technology, lack of awareness among the medical community as well as patients leads to low adoption rate of this technology in general. This will prove detrimental to the growth of the cold plasma in healthcare market. Also, other factors such as stringent regulatory policies will also the growth of this market.
North America to Maintain Lead in the Market
Europe accounted for the largest share of the global market, followed by North America, Asia-Pacific, and RoW. The large share of Europe in the global market can be attributed to the presence of a large number of cold plasma companies and growing R&D work in Germany. The Asia-Pacific market is expected to register the highest growth during the forecast period, primarily due to the growing demand for cold plasma technology in China, India, Japan, and South Korea, among other APAC countries. Considering this factor, a majority of global companies are focusing on developing and expanding their R&D capabilities and distribution networks in this region.
Key Developments in the Market: