Global Povidone Iodine Market Size & Share to Grow Around $ 240 Mn By 2030

The global povidone iodine market size was worth around USD 152 million in 2021 and is predicted to grow to around USD 240 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.2% between 2022 and 2030.

Plasma expanders led to the creation of povidone, also referred to as polyvinylpyrrolidone. This was used most effectively with trauma patients. They are currently utilized to lubricate eyes and make fake tears. Some contact lens manufacturers employ povidone as a wetting agent in the lens to increase the moisture retention capacity. Additionally, they serve as binders in oral liquid and tablet medications. They are also used in cosmetics like lipstick, gels, toothpaste, etc.

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The high bactericidal properties of povidone iodine, which aid in the treatment of methicillin-resistant Staphylococcus aureus (MRSA) infections, are one of the key drivers boosting the growth of the global povidone iodine market. Nasal decolonization is a widely used method to stop MRSA from spreading.

Additionally, the ineffectiveness of the decolonization agent's chlorhexidine wash and intranasal mupirocin ointment is pushing the use of povidone iodine as a beneficial replacement. Due to its higher and quick bactericidal activity, it is regarded as a better option. Additionally, due to povidone iodine's superior tolerability, low toxicity, and anti-inflammatory qualities, it aids in the healing of both acute and chronic wounds. However, the side effects owing to excessive use of povidone iodine are expected to limit the growth of the market during the forecast period.

The global povidone iodine market is segmented based on form, concentration, application, end-use industry, and region.

Based on the form, the global market is bifurcated into solutions, ointments, external pads, swabs, sprays, surgical scrubs, eyedrops, and others. Surgical scrubs are expected to dominate the market during the forecast period. Because they are so good at eliminating harmful germs and restricting their growth, scrubs are increasingly used to treat and prevent infections in cuts and wounds.

This helps to prevent infections from spreading to the affected area. Povidone iodine scrub has a high demand due to its microbicides action against a variety of protozoa, fungi, viruses, and bacteria, which encourages market expansion. Before surgery, scrubs are worn to reduce the risk of contamination. Moreover, to lower the risk of infection, it is used to wash the surgical region both before and after. Since infections are growing more frequent in healthcare facilities and there are more hospitals and clinics than ever before, product demand is anticipated to rise.

Based on concentration, the povidone iodine industry is segmented into 0-5%, 6-10%, and others.

Based on the application, the global market is categorized into antiseptic agent, skin sterilization, instrument sterilization, antimicrobial agent, disinfectant, aquaculture, and others.

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Based on the end-use industry, the global povidone iodine industry is categorized into healthcare & pharmaceuticals, personal care, agrochemicals, household & commercial, and others. The healthcare & pharmaceuticals segment is projected to hold the largest market share over the forecast period.

Because of its germicidal, bactericidal, fungicidal, and general disinfecting qualities, povidone iodine is frequently used as a disinfectant and antiseptic. As a result, it is used to treat infected wounds, prepare the skin and mucous membranes for surgery, as well as to disinfect medical equipment.

The Institute for Health Metrics and Evaluation (IHME) predicts that by 2030, global healthcare spending will increase to an estimated US$9.7-10.1 trillion. Since povidone iodine is crucial to the healthcare industry, rising demand for pharmaceuticals and healthcare will also fuel the povidone iodine market.

North America accounts for the largest share of the global povidone iodine market due to the growing number of surgeries including cosmetic and dental surgery in the region. Moreover, the growing prevalence of hospital-acquired infection has significantly propelled the demand for disinfectants and antiseptics. Also, the growing stringent regulations from the government on hand antiseptics are likely to boost the growth of the regional market significantly during the forecast period. Besides, the Asia Pacific is anticipated to witness huge growth during the forecast period due to the high incidences of periodontal diseases in the region.

This review is based on a report by Zion Market Research, titled "Povidone Iodine Market By Form (Solution, Ointments, External Pads, Swabs, Spray, Surgical Scrubs, Eyedrops, and Others), By Concentration (0-5%, 6-10%, and Others), By Application (Antiseptic Agent, Skin Sterilization, Instrument Sterilization, Antimicrobial Agent, Disinfectant, Aquaculture, and Others), By End-Use Industry (Healthcare & Pharmaceuticals, Personal Care, Agrochemicals, Household & Commercial, and Others) and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2030."- Report at https://www.zionmarketresearch.com/report/povidone-iodine-market

Recent Development:
In February 2021, Betadine, an antiseptic oral rinse with 0.5 percent povidone-iodine as an active component, was introduced by Avrio Health. It is an antiseptic preprocedural oral rinse made specifically for use by professionals to restore oral mucus before dental surgery, tooth extraction, and injection. The main goals of this venture were to increase the current product line and gain a competitive edge.
The global povidone iodine market is dominated by players like:

JH Nanhang Life Sciences Co. Ltd.
Zhangzhou Huafu Chemical Co. Ltd.
Vishal Laboratories
Nippon Shokubai Co. Ltd
Huangshan Bonsun Pharmaceuticals Co. Ltd.
Avrio Health L.P.
Shanghai Yuking Water Soluble Material Tech Co. Ltd.
Samrat Pharmachem Limited
BASF SE
R.N. Laboratories Pvt. Ltd.
Medline Industries Inc.
Lasa Supergenerics Limited
Boai NKY Pharmaceuticals Ltd
Adani Pharmachem Private Limited
Glide Chem Private Limited
The global povidone iodine market is segmented as follows:

By Form
Solution
Ointments
External Pads
Swabs
Spray
Surgical Scrubs
Eyedrops
Others

By Concentration
0-5%
6-10%
Others

By Application

Antiseptic Agent
Skin Sterilization
Instrument Sterilization
Antimicrobial Agent
Disinfectant
Aquaculture
Others

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By End-Use Industry

Health Care & Pharmaceuticals
Personal Care
Agrochemicals
Household & Commercial
Others

By Region

North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of the Middle East & Africa

FREQUENTLY ASKED QUESTIONS

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