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.
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➤ The market is expected to experience growth due to the increasing demand for povidone iodine in pet care.
The epidermis of both pets and other animals is frequently disinfected with povidone iodine, which is one of the most effective antiseptics. Pets are more susceptible to damage due to their hyperactivity in comparison to humans. Sprays and treatments are the most common methods of administering povidone iodine to pets due to their ease of use.
➤ Substitutes are accessible to regulate market expansion.
Povidone iodine is a highly effective antiseptic and disinfectant. However, individuals with iodine allergies should not use it, as it may cause adverse effects such as skin irritation, burns, swelling, stinging, and redness. Consequently, alternative disinfectants and antiseptics, such as aqueous chlorohexidine, are effective as substitutes for povidone iodine. For example, aqueous chlorohexidine is a viable alternative for ocular procedures and is frequently employed as an antiseptic agent for intravitreal injection prophylaxis in individuals with iodine allergies. Consequently, the market’s expansion may be impeded by the availability of substitutes for povidone iodine.
➤ Povidone iodine’s significance in aquaculture presents a profitable opportunity.
Aquaculture, which involves the controlled cultivation of fish, crustaceans, eels, algae, and other aquatic plants and animals, is frequently the site of infections by protozoa, fungi, bacteria, and other organisms. This is particularly accurate in humid environments. Consequently, aquaculture prioritizes disinfection. Povidone iodine is an effective disinfectant in aquaculture due to its non-toxicity at low concentrations and its advantageous effects on the aquatic environment. The Food and Agriculture Organization of the United Nations (FAO) estimated that the global aquaculture production reached 114.5 million tons in 2018, representing a 3.2% increase from 2017. This has led to the expansion of the povidone iodine industry in tandem with the aquaculture industry.
➤ The presence of adverse effects presents a significant obstacle.
The use of povidone iodine eye drops and skin preparations frequently results in localized edema, irritability, irritation, and rash. The iodine concentration of povidone iodine renders it potentially corrosive when used in excess. Patients who have experienced ocular exposures should immediately irrigate their eyes for 15 minutes. A medical examination and treatment may be necessary if any symptoms or eye irritation persist. Ingestion can lead to digestive tract injuries, thyroid issues, and upset stomachs. In severe situations, renal and cardiac failure may occur. Expert care is frequently required in a hospital setting due to the potentially poisonous symptoms caused by iodine toxicity.
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The Global Povidone Iodine Market is segmented based on product, application and region
Global Povidone Iodine Market: Product Segment Analysis
● Antiseptic Agent
● Skin Sterilization
● Instrument Sterilization
● Antimicrobial Agent
● Disinfectant
● Aquaculture
● Others
Global Povidone Iodine Market: Application Segment Analysis
● Health Care & Pharmaceuticals
● Personal Care
● Agrochemicals
● Household & Commercial
● Others
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The global Povidone Iodine market profiles key players such as:
● 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
???? Recent Developments:
• Povidone-iodine, a sterile solution utilized for skin preparation, was introduced by BD in July 2020. Healthcare practitioners employ a product known as BD Purprep to prepare patients’ epidermis for surgery. In the United States, it is available as a single-use antiseptic skin preparation sterile solution (PVP-I). The product is designed to promote the aseptic non-touch method and prevent cross-contamination in order to reduce the likelihood of infections caused by microbiological contamination of antiseptic treatments.
• Avrio Health introduced Betadine in February 2021, an antiseptic oral rinse that contains 0.5 percent povidone-iodine as an active component. It is an antiseptic preprocedural oral rinse that has been specifically designed for the use of professionals to restore oral mucous prior to dental surgery, tooth extraction, and injection. The primary objectives of this endeavor were to enhance the current product line and establish a competitive advantage.
➤ The market is anticipated to be dominated by North America during the forecast period.
In 2021, North America held the greatest market share of over 40% and is anticipated to continue to dominate the global povidone iodine market throughout the forecast period. The healthcare sector is the primary application of povidone iodine, a disinfectant that is essential.
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