Report ID: SQMIG35H2228
Report ID:
SQMIG35H2228 |
Region:
Global |
Published Date: September, 2024
Pages:
157
|
Tables:
61 |
Figures:
75
Cold Plasma Market size was valued at USD 2.1 Billion in 2023 and is poised to grow from USD 2.42 Billion in 2024 to USD 7.36 Billion by 2032, growing at a CAGR of 15% during the forecast period (2025-2032).
Cold plasma market is a speedily evolving market impacted by key improvements in technology like integration with IoT technologies, and expanding applications in diverse industries. The global market is witnessing considerable growth affected by the rising demand for efficient and environmentally friendly solutions. Furthermore, increasing emphasis on sustainability and expanding applications, mainly in healthcare, is boosting the market growth. Nonetheless, the market is hampered by factors like lack of awareness and education about the benefits and applications of cold plasma and significant initial costs needed for purchase and installation. Yet, the market is opportune to factors like innovations in medical applications like cancer treatments and advanced wound care. Moreover, the growth of sustainability and eco-friendly practices is another opportunity witnessed in the market.
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Report ID: SQMIG35H2228