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How is Cold Plasma Transforming Polymer, Textile, Electronics & Semiconductor, Food & Agriculture, Medical Industry?
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Factors contributing to the growth of this market include the benefits of cold plasma, such as its environment-friendliness; innovations in textile production; growing food safety concerns; innovations in cold plasma technology; and the increasing use of cold plasma in meat and poultry packaging decontamination.
The surface treatment segment accounted for the largest share of the cold plasma market for the polymer and plastic industry. This market segment is majorly driven by the advantages of cold plasma surface treatment, such as increased durability, better hydrophobic properties, higher packing density, better film quality, enhanced coating surface smoothness, and lower cost.
The benefits of cold plasma technology in wound healing applications—faster healing and better results, sterilization efficiency, & cost-effectiveness as compared to conventional methods
Europe accounted for the largest share of the global cold plasma market, followed by North America, Asia-Pacific, and RoW. The large share of Europe in the global market can be attributed to the presence of a large number of cold plasma companies and growing R&D work in Germany. The Asia-Pacific market is expected to register the highest growth during the forecast period, primarily due to the growing demand for cold plasma technology in China, India, Japan, and South Korea, among other APAC countries. Considering this factor, a majority of global companies are focusing on developing and expanding their R&D capabilities and distribution networks in this region.
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The companion animal diagnostics market is valued at an estimated USD 1.7 billion in 2019 and is projected to grow at a CAGR of 9.8% to reach USD 2.7 billion by 2024. The growing companion animal ownership, rising demand for pet insurance, and the growth in the number of veterinary practitioners in developed countries are the major factors driving the growth of the companion animal diagnostics market. Key players, such as IDEXX Laboratories, Inc. (US) and Zoetis Inc. (US), will continue to dominate this market during the forecast period. The companies adopted new product launches and acquisitions as their major growth strategies to maintain their position in the market. To know about the assumptions considered for the study download the pdf brochure IDEXX Laboratories, Inc. (US) dominated the companion animal diagnostics market in 2018. The company has a diversified product portfolio, which includes a wide range of companion animal diagnostic products. IDEXX’s strong positio...
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