Povidone Iodine Market - Forecast(2024 - 2030)

Report Code: HCR 0974 Report Format: PDF + Excel

Povidone Iodine Market Overview

The Povidone Iodine Market size is forecast to reach US$316.5 million by 2027 after growing at a CAGR of 5.2% within 2022-2027. Povidone iodine is a chemical complex of polyvinylpyrrolidone and triiodide, that is used in various fields as broad-spectrum anti-infective qualities. For instance, it is used for skin disinfection for healing wounds, skin sterilization during pre-surgical procedures, surface active agents for household and commercial purposes and various other applications as well. The increasing demand for disinfectants in household and commercial applications, especially after the pandemic, and the rapid growth of the health care industry, proves to be excellent drivers for the Povidone Iodine Market. The report covers an in-depth look at the Povidone Iodine Market industry outlook and analyses the market share of global povidone iodine top 10 companies.

Povidone Iodine Market

COVID-19 Impact on Povidone Iodine Market

During the COVID-19 pandemic, many industries had suffered a tumultuous time. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed lockdown protocols. However, the Povidone Iodine Market saw a substantial increase in demand during the pandemic. This is because, povidone iodine solution proved effective in fighting the infection and was a staple recommendation to prevent further infection and protection against the virus. According to the National Centre for Biotechnology Information (NCBI), povidone-iodine throat spray is superior in reducing SARS-CoV-2 infection than vitamins and as such, it is recommended for treatment and prevention of Covid-19. As povidone-iodine proves to be an excellent disinfectant, even for the novel corona virus, the demand for the Povidone Iodine Market is estimated to grow significantly during the forecast period of 2022-2027.

Report Coverage

The “Povidone Iodine Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the 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: Health Care & Pharmaceuticals, Personal Care, Agrochemicals, Household & Commercial, and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

  • The North American region will dominate the Povidone Iodine Market within the forecast period, owing to the growth of the healthcare & pharmaceutical, agrochemicals, and other end-use sectors.
  • Povidone iodine is an essential disinfectant and an antiseptic agent for pet injuries. As such, the increasing demand for the pet care and pet product industry is driving the growth of the Povidone Iodine Market.
  • One of the key driving factors for the Povidone Iodine Market is the importance of povidone iodine as an essential non-toxic disinfectant that are used to decrease the occurrences of diseases and improve survival in aquaculture.
  • However, the presence of substitutes for povidone iodine such as chlorohexidine, especially in the field of intravitreal injection prophylaxis and ocular surgeries, proves to be a challenge for the growth of the Povidone Iodine Market within the forecast period of 2022-2027.
Figure:  Povidone Iodine Market 2021-2027 (US$ Million)
Povidone Iodine Market
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Povidone Iodine Market Analysis – By Form

Solution held the largest share with 22% in the Povidone Iodine Market in 2021. Povidone iodine solution works by inhibiting the growth of infection-causing microbes and is effective against bacteria, including both gram-positive and gram-negative bacteria, fungi, viruses, and protozoa. Povidone iodine solution is used in treating skin infections in minor burns, lacerations, cuts, and abrasions. It also helps in treating infections of the lining of the mouth and throat, such as gingivitis and mouth ulcers, infection control during insertion and care of urinary catheters and circumcision and is essential in preventing sepsis in suture removal and dressing changes. Most importantly, povidone iodine solution is widely used in the pre- and post-surgery treatment as it is essential in preventing infection. Due to its wide variety of applicability, povidone iodine solution is widely preferred over other forms of povidone iodine in the Povidone Iodine Market.

Povidone Iodine Market Analysis – By End-Use Industry

The health care & pharmaceutical sector held the largest share with 29% in the Povidone Iodine Market in 2021. Povidone iodine is used as a disinfectant and antiseptic mainly for its germicidal, bactericidal, fungicidal, and general disinfecting properties. As such, it is used in the treatment of contaminated wounds and pre-operative preparation of the skin and mucous membranes as well as for the disinfection of medical equipment. According to the Institute for Health Metrics and Evaluation (IHME), the global spending on health care is projected to grow to an estimate of US$ 9.7-10.1 trillion by 2030. As povidone iodine is essential in the health care sector, the increasing demand for health care and pharmaceuticals will also propel the Povidone Iodine Market.

Povidone Iodine Market Analysis – By Geography

The North American region held the largest share with 38% in the Povidone Iodine Market in 2021. Povidone iodine is an essential disinfectant that is primarily used in the health care industry. According to the Organisation for Economic Co-operation and Development (OECD), the United States accounted for almost one-third of the global spending on the health care sector in 2019, which was valued at US$ 3.6 trillion. This also accounted for 16.8% of the country’s GDP, which is the highest percentage share of GDP spent on health care & pharmaceuticals amongst all the countries worldwide. Furthermore, an inclining demand for the agrochemical sector is also driving the demand for the Povidone Iodine Market as povidone iodine is used as a biocide in fertilizers and pesticides. Thus, increasing demand for the health care and pharmaceutical, and agrochemical sector is propelling the demand for povidone iodine in North America.

Povidone Iodine Market Drivers

Increasing demand for povidone iodine in pet care:

Povidone iodine is one of the most potent antiseptic agents and, as such, it is widely used for skin disinfection for pets and animals as well. Pets are more prone to injury than humans as they tend to be more hyperactive in nature. Povidone iodine is most commonly used in the form of sprays and scrubs as it is easier to apply on pets as well. According to the American Pet Products Association (APPA), the global pet industry sales was valued at US$ 100 billion in 2020 which was especially influenced by the pandemic, as many households decided to adopt more pets during this time. The increase in investment in the pet care industry proves to be an excellent driver for the Povidone Iodine Market.

The importance of Povidone Iodine in Aquaculture:

In aquaculture, the controlled cultivation of fish, crustaceans, eels, algae and other aquatic plants and animals, infections by protozoa, fungi, bacteria and so on, are a common occurrence, especially in more humid climates. As such, disinfection is very important in aquaculture. Povidone iodine proves to be an excellent disinfectant in aquaculture as it is non-toxic in lower doses and is very useful for the aquatic environment. According to the Food and Agriculture Organisation of the United Nations (FAO), the world aquaculture production was valued at 114.5 million tons in 2018, which was a 3.2% growth from 2017. As such the growing aquaculture market is also propelling the growth of the Povidone Iodine Market.

Povidone Iodine Market Challenges

Alternatives to Povidone Iodine:

Povidone iodine is one of the most efficient antiseptic agents and an excellent disinfectant, people with allergic reactions to iodine cannot use it and it can also cause side effects such as irritation of skin, redness of skin, swelling, itching, burning, and so on. As such, other antiseptic agents, and disinfectants, such as, aqueous chlorohexidine, prove be an excellent substitute for povidone iodine. For instance, aqueous chlorohexidine is often used as an antiseptic agent for intravitreal injection prophylaxis in patients that have allergic reactions to iodine and is an excellent choice for ocular surgeries. As such, the presence of alternatives to povidone iodine can prove to be a hindrance for the growth of the Povidone Iodine Market.

Global Povidone Iodine Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Povidone Iodine Market. Povidone Iodine top 10 companies include:

  1. BASF SE
  2. Ashland Global Specialty Chemicals Inc.
  3. Thatcher Group
  4. Boai NKY Pharmaceuticals Ltd.
  5. Avrio Health L.P.
  6. Becton, Dickinson and Company (BD)
  7. LASA Supergenics Ltd.
  8. Medline Industries, Inc.
  9. Huangshan Bonsun Pharmaceuticals Co., Ltd.
  10. JH Nanhang Life Sciences Co., Ltd.

Recent Developments

  • On February 08, 2021, Avrio Health, a subsidiary of Purdue Pharma L.P., launched the new Betadine Antiseptic Oral Rinse, which an oral antiseptic pre-procedural rinse containing 0.5% povidone-iodine as an active ingredient.
  • On July 07, 2020, Becton, Dickinson and Company (BD), a leading global medical technology company, launched the BD PurPrep, a preoperative skin preparation with sterile solution containing povidone-iodine plus isopropyl alcohol, for a single-use antiseptic skin preparation.
  • On February 28, 2020, LASA Supergenics Ltd., acquired Harishree Aromatics and Chemicals Pvt. Ltd., a veterinary active pharmaceutical ingredients business, which will help the company expand on their povidone iodine offering.

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1. Povidone Iodine Market- Market Overview
    1.1 Definitions and Scope
2. Povidone Iodine Market - Executive Summary
    2.1 Key Trends by Form
    2.2 Key Trends by Concentration
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Povidone Iodine Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Povidone Iodine Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Povidone Iodine Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Povidone Iodine Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Povidone Iodine Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Povidone Iodine Market – By Form (Market Size - $Million/Billion)
    8.1 Solution
    8.2 Ointments
    8.3 External Pads
    8.4 Swabs
    8.5 Spray
    8.6 Surgical Scrubs
    8.7 Eyedrops
    8.8 Others
9. Povidone Iodine Market – By Concentration (Market Size - $Million/Billion)
    9.1 0-5%
    9.2 6-10%
    9.3 Others
10. Povidone Iodine Market – By Application (Market Size - $Million/Billion)
    10.1 Antiseptic Agent
    10.2 Skin Sterilization
    10.3 Instrument Sterilization
    10.4 Antimicrobial Agent
    10.5 Disinfectant
    10.6 Aquaculture
    10.7 Others
11. Povidone Iodine Market - By End-Use Industry (Market Size -$Million/Billion)
    11.1 Health Care & Pharmaceuticals
    11.2 Personal Care
    11.3 Agrochemicals
    11.4Household & Commercial
    11.5 Others
12. Povidone Iodine Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
   Saudi Arabia
   Rest of the Middle East
        12.5.2 Africa
   South Africa
   Rest of Africa
13. Povidone Iodine Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Povidone Iodine Market – Industry / Segment Competition landscape Premium Premium
    14.1 Company Benchmarking Matrix – Major Companies
    14.2 Market Share at Global Level - Major companies
    14.3 Market Share by Key Region - Major companies
    14.4 Market Share by Key Country - Major companies
    14.5 Market Share by Key Application - Major companies
    14.6 Market Share by Key Product Type/Product category - Major companies
15. Povidone Iodine Market – Key Company List by Country Premium Premium
16. Povidone Iodine Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"