Povidone Iodine Market Growth Trends, Factors and Forecast 2030

𝐏𝐨𝐯𝐢𝐝𝐨𝐧𝐞 𝐈𝐨𝐝𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of value, the global povidone iodine market is anticipated to expand at a CAGR of ~5% from 2020 to 2030 and surpass US$ 256.7 Bn by 2030. North America dominated the global povidone iodine market in terms of volume in 2019. It is estimated to be the leading region of the global povidone iodine market during the forecast period. The healthcare sector is projected to offer lucrative opportunities for the povidone iodine market in the near future.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/povidone-iodine-market.html

𝐏𝐨𝐯𝐢𝐝𝐨𝐧𝐞 𝐈𝐨𝐝𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬

A variety of bacteria, fungi, protozoa, and viruses colonizes different surfaces of the oral and oropharyngeal cavities of a human being. According to studies conducted regarding the effects of various mouthwashes on oral healthcare, povidone iodine is recommended as the most effective mouthwash. Rise in awareness about oral health due to public and private campaigns and improvements in lifestyle of consumers, especially in emerging economies, is boosting the need for effective oral healthcare products. This is fueling the povidone iodine market. Povidone Iodine is commonly used as an antiseptic for the skin (e.g., Betadine). It can also be utilized in less concentrated forms for eyes and vagina. Surgeons use it to disinfect the skin prior to surgery. The 10% solution is used most often to disinfect skin, but it is also available in diluted concentrations as low as 0.3%. Increase in demand for antiseptics and disinfectants for various hygiene applications in the healthcare sector is estimated to propel the global povidone iodine market during the forecast period.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=11612

Several players have taken strategic initiatives, such as establishment of new production plants, in order to expand their povidone iodine business, owing to high demand for povidone iodine in various applications. This is also projected to boost the povidone iodine market during the forecast period. For instance, in 2016, BASF SE established a facility to manufacture polyvinylpyrrolidone (PVP) in Shanghai, China. The Shanghai plant has standard production facilities, a high-quality control laboratory, and warehousing capacity. Polyvinylpyrrolidone is added as a raw material for the production of povidone iodine. This move is likely to help the company meet the rising demand for polyvinylpyrrolidone as a raw material in the manufacture of povidone iodine in Asia Pacific. Chlorhexidine alcohol and sodium hypochlorite are close substitutes of povidone iodine. Chlorhexidine alcohol is preferred for long action applications such as catheter insertion, skin preparation for surgery, and hand wash before surgery. Thus, availability of strong substitutes for povidone iodine is projected to restrain the global povidone iodine market during the forecast period.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=11612

𝐏𝐨𝐯𝐢𝐝𝐨𝐧𝐞 𝐈𝐨𝐝𝐢𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬

Based on application, the skin sterilization segment constituted significant share of the global povidone iodine market in 2019. This trend is estimated to continue throughout the forecast period. In terms of value, North America held major share of the global povidone iodine market in 2019. This trend is anticipated to continue during the forecast period, due to the rise in awareness about health and growth in disposable income of the people in the U.S. and Canada.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=11612

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

Major global manufacturers of povidone iodine include BASF SE, Boai NKY Pharmaceuticals Ltd., NIPPON SHOKUBAI CO., LTD., Medline Industries Inc., and Samrat Pharmachem Limited.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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