The size of the Asia Pacific Cold Plasma Market is valued at USD 0.35 billion in 2022. It is estimated to grow at a CAGR of 18.3% to reach USD 0.82 billion by 2027.
The Cold Plasma Market in the Asia-Pacific is expected to grow rapidly in the global market among all the regions. Increasing demand for frozen foods and increasing textile manufacturing are expected to support the market growth during the forecast period.
Additionally, rising utilization levels of cold plasma for therapeutics, growing incidence of hospital-acquired infections, and the introduction of new and innovative cancer treatment procedures are majorly accelerating the cold plasma market's growth in the Asia Pacific region. The increasing aging population suffering from diabetes is another crucial factor in favoring the market growth.
High costs, lack of reimbursement policies, side effects associated with the cold plasma, and increased capital investments required for executing cold plasma technology hinder market growth in this region.
This research report on the Asia Pacific Cold Plasma Market has been segmented & sub-segmented into the following categories:
Based on the region, the Asia Pacific is expected to be the fastest-growing market due to the increasing textile manufacturing and demand for frozen foods. Developing countries like China and India are expected to boost the market.
China is estimated to lead the Asia Pacific cold plasma market during the forecast period due to its increasing infrastructural and economic activities. Escalating R&D investments in China's healthcare sector is estimated to showcase a positive effect on the cold plasma market in this country.
The Indian Cold Plasma market is projected to grow at a promising CAGR from 2020 to 2025 with the growing utilization of equipment for cold plasma, rising pharmaceutical industry,
increasing medical research for treatments like lung cancer, skin, and breast cancer.
The Cold Plasma market in Japan is projected to have notable growth during the forecast period. Factors like medical applications include improving tissue repair, managing blood loss, and destroying cancer cells.
Companies dominating the Asia Pacific Cold Plasma Market Profiled in the Report are Enercon Industries Corporation, Henniker Plasma, ADTEC Plasma Technology Co. Ltd., Europlasma NV, Neoplas Tools GmbH, P2i Limited, Nordson Corporation, Plasmatreat GmbH, Vetaphone A/S, and Tantec A/S.
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