Cold Plasma Market - By Pressure (Atmospheric Pressure Cold Plasma, Low-Pressure Cold Plasma), Application (Wound Healing, Cancer Treatment, Dentistry, Blood Coagulation), End-use (Hospital, Dental Clinic, Research and Academic Institution) - Global Forec

Cold Plasma Market - By Pressure (Atmospheric Pressure Cold Plasma, Low-Pressure Cold Plasma), Application (Wound Healing, Cancer Treatment, Dentistry, Blood Coagulation), End-use (Hospital, Dental Clinic, Research and Academic Institution) - Global Forecast, 2023-2032

Cold Plasma Market size is poised to record 14.4% CAGR from 2023-2032, driven by the rising environmental concerns and the subsequent need for sustainable technologies.

Of late, several companies and research institutions are heavily investing on exploring new applications of cold plasma technology. To quote an instance, in September 2023, Indian Institute of Technology (IIT) Jodhpur researchers developed 'CODE', a new Cold-plasma Detergent in Environment device to deliver good indoor air quality. The growing R&D activities for enhancing the existing technologies as well as addressing the challenges of scalability and cost-effectiveness in cold plasma systems will also contribute to the market growth.

The cold plasma industry is segmented into pressure, application, end-use, and region.

In terms of pressure, the demand for low-pressure cold plasma may witness over 14% growth rate from 2023-2032 due to increasing application in surface modification, material processing, and thin-film deposition. Low-pressure plasma systems offer better uniformity in the treatment and processing of substrates in applications, such as plasma etching to meet the rising requirements of consistent material removal and modification across a large surface area. They are also widely deployed in specialized industrial processes, production of advanced coatings, for precision cleaning in electronics and industry surface treatment for aerospace components.

Based on application, the cold plasma industry value from the dentistry segment is expected to expand at 14% CAGR from 2023-2032. The growth can be attributed to the growing need to counter bacteria, viruses, and fungi as well as maintain aseptic conditions in dental settings. Cold plasma, on account of its antimicrobial properties, is widely used for sterilization and disinfection in dental clinics. Increasing potential for tooth whitening purposes will further drive the segment growth.

Regionally, the Asia Pacific cold plasma market size is projected to record considerable expansion through 2032 owing to the rising rate of electronics manufacturing in the region. The influx of government initiatives and the growing funding support for research and technology development is making way for innovations in sustainable technologies. The surging environmental concerns along with the subsequent focus on combating air pollution and water contamination will also play ideal role for the industry expansion.