The global povidone iodine market accounted for US$ XX Mn in 2018 and burgeoning over the forthcoming years. Key drivers for the market growth include increase in geriatric population, growth in disposable income allows consumers, excellent performance properties of povidone iodine, rise in demand for povidone iodine in applications such as antiseptics & disinfectants and high growth in emerging economies. However, presence of substitutes is hindering the market growth.
Global povidone iodine market segmented on the basis of product, application, end user and region.
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Skin Sterilization Dominate the Global Povidone Iodine Market
Based on application, global povidone iodine market segmented into skin sterilization, infection prevention, instrument sterilization and others (including breeding and aquaculture). Skin Sterilization held considerable market growth during estimated period. Povidone-iodine (PVP-I), also known as iodopovidone, is an antiseptic used for skin disinfection before and after surgery. It may be used both to disinfect the skin of the patient and the hands of the healthcare providers. It may also be used for minor wounds and applied to the skin as a liquid or a powder.
North America Leads the Global Povidone Iodine market
PBI’s global povidone iodine market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. North America accounted for larger revenue share in global povidone iodine market with considerable CAGR due to stringent regulations on surgical hand antiseptics, increase in number of trauma, dental, and maxillofacial and bariatric surgeries especially in U.S. Also, need for disinfectants and rise in awareness about hygiene are other factors responsible for market growth. In addition, Europe held considerable market share during predicted period.
Launch of newer products, frequent product approvals, patent filings, and strategic alliances are the key strategies adopted by market players
Global povidone iodine market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
Key player’s profiles in the report are Adani Pharmachem Private Limited., BASF SE, Boai NKY Pharmaceuticals Ltd., Glide Chem Private Limited., Huangshan Bonsun Pharmaceuticals Co., Ltd., Lasa Supergenerics Limited., Medline Industries, Inc.,R.N. Laboratories Pvt. Ltd., Samrat Pharmachem Limited and Shanghai Yuking Water Soluble Material Tech Co., Ltd.
Precision Business Insights (PBI) in its report titled “Global Povidone Iodine Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
o Pharmaceutical Grade PVP-I
o Industrial Grade PVP-I
o Skin Sterilization
o Infection Prevention
o Instrument Sterilization
o Others (including Breeding AND Aquaculture)
By End User
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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