Cold plasma in healthcare market Analysis and Forecast

Cold plasma in healthcare market

Market Overview:

During the forecast period, cold plasma in the healthcare industry is anticipated to record a CAGR of 16.2 percent. Using cold plasma can effectively treat multiple skin injuries and illnesses such as wounds, bacterial superinfections, and fungoid infections. Cold plasma is an ionized gas produced by electrical discharge at room temperature. Cold plasma therapy is a painless and contact-free operation for sterilizing injuries and promoting wound healing. The costs of conventional antimicrobial wound treatment are similar or smaller.

Enhancing the use of cold plasma in wound healing:

In medicine, the field of cold plasma is rapidly increasing and the opportunities seem endless. For example, in the treatment of cancer cold plasma has been shown to have the potential to be combined effectively with chemotherapy and to promote wound sterilization, blood coagulation, and cell proliferation in wound healing. The focus of clinical apps in latest years has been on wound healing and therapy of infectious skin diseases. First CAP sources are now CE-certified as medical devices, which is the primary precondition for entering the clinical truth of plasma medicine. In plasma medicine, plasma implementation in dentistry and, above all, the use of CAP for cancer treatment are becoming increasingly significant study areas.

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Further in-depth understanding of plasma parameter and plasma geometry control and adaptation is required to acquire appropriate and reliable plasma sources for the various therapeutic indications and to open up fresh areas of medical implementation.

Lack of awareness about cold plasma technology in healthcare industry:

There has been for centuries the use of cold plasma in the food industry, but its medical therapy is comparatively new and still under growth. Although cold plasma technology for wound healing is a more economical technology, absence of medical community knowledge, as well as patients, contributes to low overall adoption rate of this technology. This will be harmful to healthcare industry development of cold plasma. Also, this market will also grow other factors, such as strict regulatory policies.

North America to maintain lead in the market:

Europe was the world’s biggest market share, followed by North America, Asia-Pacific and other developing nations. Europes big share of the worldwide market can be ascribed to the existence in Germany of a big amount of cold plasma companies and increasing R&D work. The Asia-Pacific market is anticipated to record the greatest development over the forecast period, mainly owing to the increasing demand for cold plasma technology in China, India, Japan, and South Korea, among other APAC nations. In view of this factor, a majority of worldwide businesses in this region are focused on creating and extending their R&D capacities and distribution networks.

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Key developments in the market:

• January 2018 – The U.S. Food and Drug Administration and the Department of Defense are launching a joint program to prioritize the efficient creation of secure and effective medical goods, including cold plasma technology designed to save the life of U.S. army staff.
• February 2018 – Researchers at Liverpool University are creating an innovative machine using cold plasma technology.

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