Global Povidone Iodine Market

Povidone Iodine Market Size, Share, Growth Analysis, By Form(Solution, Ointments, External Pads, Swabs), By End-Use(Health Care & Pharmaceuticals, Personal Care, Agrochemicals, Household & Commercial), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15E2392 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 70 | Figures: 63

Povidone Iodine Market News

  • In February 2021, Avrio Health launched Betadine, an antiseptic oral rinse containing 0.5 percent povidone-iodine as an active ingredient. It is an antiseptic preprocedural oral rinse product designed exclusively for professional use in the repair of oral mucus prior to dental surgery, tooth extraction, and injection. This initiative was primarily intended to expand the current product portfolio and create a competitive advantage in the market.
  • In July 2020, Povidone-iodine, a fully sterile solution used for skin preparation, was introduced by BD. The product is called BD Purprep, and healthcare professionals use it to prepare patients' skin for surgery. In the United States, it is sold as an antiseptic skin preparation sterile solution (PVP- I), which is used for single-use antiseptic skin preparation. The product is specifically designed to promote the aseptic non-touch method and prevent cross-contamination in order to reduce the likelihood of outbreaks associated with microbial contamination of antiseptic products.
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Povidone Iodine Market size was valued at USD 151.5 million in 2021 and is poised to grow from USD 158.32 million in 2022 to USD 225.14 million by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).

The competitive landscape of the povidone iodine market is marked by the presence of key players vying for market share through product innovation, strategic collaborations, and expanding their reach. Established pharmaceutical and chemical companies, including Ecolab Inc., Ashland Holdings Inc., Boai NKY Pharmaceuticals Ltd., and BASF SE, are among the prominent players. These industry giants often engage in research and development to enhance the efficacy and safety of povidone iodine formulations, meeting evolving industry demands. Moreover, there are a growing number of smaller, innovative players specializing in niche applications, regional markets, or specific formulations. This competitive diversity encourages technological advancements and product differentiation. Collaborations and partnerships between manufacturers and healthcare institutions, aiming to ensure effective use of povidone iodine in various medical procedures, contribute to a dynamic market environment. 'Avrio Health L.P.', 'BASF', '3M', 'Boai NKY Pharmaceuticals Ltd.', 'Glide Chem Private Limited', 'R.N Laboratories Pvt. Ltd.', 'LASA SUPERGENERICS LIMITED', 'Samrat Pharmachem Limited'

While povidone iodine is a highly effective antiseptic and disinfectant, it's essential to note that individuals with iodine allergies cannot use it, and it can lead to side effects like skin irritation, redness, swelling, itching, and a burning sensation. Due to these concerns, alternative antiseptic agents and disinfectants, such as aqueous chlorhexidine, offer a compelling substitute for povidone iodine. For example, in cases where patients are allergic to iodine, aqueous chlorhexidine serves as a preferred antiseptic for intravitreal injection prophylaxis and is a valuable choice for ocular surgeries. The availability of such alternatives can pose a challenge to the growth of the Povidone Iodine Market.

Rising Healthcare Awareness: Growing awareness about hygiene and infection control, especially in healthcare settings, is driving the demand for povidone iodine. Healthcare professionals and patients alike are increasingly recognizing its effectiveness in reducing the risk of infections, contributing to its widespread use.

The regional dynamics of the povidone iodine market highlight varying levels of demand and adoption across different parts of the world. North America, particularly the United States, has historically been a dominant force in this market, holding a significant share, with healthcare being a primary driver. The substantial healthcare expenditure in the U.S., along with a high percentage of GDP allocated to healthcare and pharmaceuticals, fuels the demand for povidone iodine.

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Global Povidone Iodine Market

Report ID: SQMIG15E2392

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