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Cold Plasma Market Grows Strong on Account of Augmenting Research Investments
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Cold plasma market is expanding due to research investments, with applications in medicine, agriculture, and food safety, especially in Asia Pacific.
Cold plasma, though predominantly being employed in the fields of medicine, and bioengineering, has been extensively utilised in agriculture, dermatology, dentistry, wound management, sterilisation, decontamination, disinfection, and food safety. A new ongoing study of Fairfield Market Research suggests that global cold plasma market is likely to benefit from biomedicine as its potential application area. There has been a lot of research around plasma therapy worldwide, which is expected to significantly fuel the growth of cold plasma market between 2021 and 2025. Cost-efficient production will continue to be the biggest booster to cold plasma market throughout the forecast period, says the report.
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Market Prospers as Cold Plasma Therapy Emerges Popular for Cancers, and COVID-19
The potential applicability of plasma-based therapy holds immense application potential in oncology, which is a milestone for the world of medicine that has been given a green signal by the US Food and Drug Administration (FDA) as a potentially acceptable cancer therapy in the near future. The outbreak of novel coronavirus made the world realise an intense need for an effective means of virus deactivation. Amid challenging avenues related to the complex COVID-19 treatment, cold plasma presented a highly dependable, cost-effective, and provenly effective solution in front of healthcare providers.
Market to Gain as Cold Plasma Treatment Firms up
Wound management remains one of the key areas of application for cold plasma, which is expected to receive a continued impetus from chronic wounds (mostly diabetic), and hospital-acquired infections. Another key factor that will encourage adoption of cold plasma is the rising awareness about, and preference for cold plasma treatment for top segments in perishables sector such as vegetables, fruits, meat and meat products, fish, milk and milk products, and beverages. On the back of its significant role in effective preservation of perishable products, cold plasma has been gaining strong ground in flourishing F&B segments, including agricultural produce, and dairy industry. Besides, it plays a pivotal role in keeping the nutrition profile of preserved products intact, which further uplifts its potential as a preferred preservative in perishable products, and processed and frozen food industry.
Boom around Decontamination, and Sanitisation to Bode Well for Market in Asia Pacific
Cold plasma consumption is projected to remain the maximum in North America as the region continues to generate voluminous demand for decontamination application in food safety segment. The market is projected for notable expansion in Asia Pacific as the region abundantly houses a majority of end-use industries of cold plasma, including processed food and beverages, textile, polymer, and medicine. In line with accelerating sophistication of healthcare industry, the prospects of cold plasma are all set to heighten across Asia Pacific. Especially since the onset of global COVID-19 outbreak, there has been incessantly growing need for disinfection, sanitisation, and decontamination on a large scale across the region. Manufacturers of cold plasma are thus expected to continue sustained progress over the period of assessment.
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Leading Vendors in Global Cold Plasma Market
Henniker Plasma, Smith & Nephew plc, Adtech Plasma Technology Co. Ltd., Nordson Corporation, Tantec A/S, US Medical Innovations, Plasmatreat GmBh, Linde AG, Europlasma NV, Terraplasma Medical GmBh, Molecular Plasma Group, Thierry Corporation, Neoplas Tools GmbH, Bovie Medical Corporation, and Vetaphone A/S are some of the key companies competing in global cold plasma market.
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The article discusses the growth of the cold plasma market driven by research investments and its applications in various fields.
Cold plasma is used in plasma therapy for cancer treatment and virus deactivation, including COVID-19.
North America and Asia Pacific are key regions for the expansion of the cold plasma market.
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