Europe Cold Plasma Equipment Market to 2027 - Regional Analysis and Forecasts by Regime; Application; and Country

The cold plasma equipment market in Europe is anticipated to reach US$ 72.57 million by 2027 from US$ 23.73 million in 2019; it is projected to grow at a CAGR of 15.1% during 2020-2027. The growth of the market in Europe is primarily ascribed to the increasing employment of cold plasma technique in medical treatments and growing cases of hospital-acquired infections (HAI). However, the adverse effects of cold plasma and lack of reimbursement policies are likely to continue to hamper the growth of the market in the coming years. Further, the growing R&D expenditure in the healthcare sector is expected to have a positive impact on the growth of the European cold plasma equipment market in the coming years.

Cold plasma is also called as nonthermal plasma and is used in a wide range of applications in various industries, including medical and biomedical. It is a powerful technique that is used to confer antimicrobial treatment for wounds and injuries. The cold plasma equipment offers nonthermal treatment option in cancer therapy, dentistry, dermatology, etc.

Atmospheric plasma is used to treat diabetes-induced enzyme glycation, oxidative stress, inflammation, disinfection, and scars. The ability of cold plasma to kill drug-resistant bacteria, to avoid further infection, helps in healing chronic wounds, followed by enabling protection against further complications and related discomforts. Plasma sources used in therapeutics are typically "low-temperature" sources that are operated at atmospheric pressure. In this context, low temperature refers to temperatures similar to room temperature, usually slightly above.

The atmospheric cold plasma equipment accounted 15.41% which for the largest share with of the European cold plasma equipment market in 2019.Atmospheric cold plasma gives the possibly highest plasma density. It is a unique, nonthermal glow discharge plasma operating system at atmospheric pressure. It can also be used for treating viable tissues and thus has become a focus of medical research over the past years. Atmospheric cold plasma devices have been differently developed and tested for medical research purposes. The segment is further estimated to mark the highest CAGR in the market during the forecast period.

In 2019, the wound healing segment held the largest share of the European cold plasma equipment market, by application. This segment is also anticipated to hold the largest portion of the market by 2027 owing to the need for improved treatment options for patients suffering from chronic, non-healing wounds. The segment is also anticipated to witness a significant CAGR in the market during the forecast period.

A few of the significant secondary sources referred to while preparing the cold plasma equipment market report are World Health Organization (WHO), Food and Drug Administration (FDA), and Centers for Disease Control and Prevention (CDC).

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe cold plasma equipment market.

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the Europe cold plasma equipment market, thereby allowing players across the value chain to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth regional market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.