Povidone Iodine Market Size By Concentration (10% solution, 7.5% solution, Others), By Formulation (Scrub, Topical Solution, Ointments, Others), By Application (Skin Sterilization, Instrument Sterilization, Disinfectant, Others) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Mar 2021  |  Report ID: GMI5018  |  Authors: Kunal Ahuja, Sonal Singh

Report Format: PDF   |   Pages: 203   |   Base Year: 2020

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Global povidone iodine market size exceeded USD 140 million in 2020 and is estimated to grow at a CAGR of 4.5% between 2021 and 2027 owing to rising demand from skin sterilizing products. Increasing use of povidone iodine in antiseptic medicines should drive product market growth during the forecast period.

Povidone iodine is also known as iodopovidone. Antiseptic property of the product is used for skin disinfection before and after surgery. The product is used to disinfect hands of healthcare workers and skin of patients owing to its pre-operative and post-operative application. Povidone iodine has application on minor wounds in powder or liquid form. Application of the product in manufacture of various pharmaceutical products including creams, gels and antiseptic liquids for infection prevention in wounds is expected to boost the povidone iodine market demand.

Povidone Iodine Market Outlook

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The product has wide application in wound care owing to its bactericidal property which should augment product market growth. Bactericidal property of the product against gram-positive and gram-negative organisms is expected to boost product demand for topical antiseptics in wound care. Furthermore, the product aids in healing process of chronic and acute wounds owing to anti-inflammatory property, low toxicity and good tolerability is anticipated to accelerate the povidone iodine market share.

Povidone Iodine Market Report Coverage
Report Coverage Details
Base Year:2020
Market Size in 2020:144.21 (USD) Million
Forecast Period:2021 to 2027
Historical Data for:2016 to 2027
No. of Pages:203
Tables, Charts & Figures:254
Segments covered:Concentration, Formulation Type, Application
Growth Drivers:
  • Growing demand for product as an antiseptic agent
  • Increasing product usage in pharmaceutical industry
Pitfalls & Challenges:
  • Availability of substitutes

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Rising product demand of 7.5% and 10% concentration for use in production of various products including solution and ointments to drive market growth

Povidone Iodine Market by 7.5 % Concentration

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Global povidone iodine market by 7.5% concentration surpassed USD 30 million in 2020 and should register significant gains in the predicted period. Formulation concentration of the product such as 7.5% and 10% is widely used in production of spray, surgical scrub, solutions, ointment and swab which should augment market growth. The product in 7.5% concentration provides 0.75% iodine which is used in ointment preparation and dry powder spray which should stimulate product market growth. 7.5% concentrated form of the product is used for handwashing application which is expected to accelerate product demand.

Global povidone iodine market by 10% concentration is estimated to surpass USD 150 million in 2027 owing to rising ability to stain the disinfected area on the skin. 10% concentrated PVP-I is used for its staining property and ability to kill a wide range of micro-organisms. The product is used as a cleansing agent prior to insertion. The 10% concentrated solution is diluted as low as 0.3% concentration and is widely used for skin disinfection prior to surgery. Furthermore, the 10% concentration of the product is used in wound dressing and is likely to raise the industry growth.

Rising product demand for skin sterilization application should augment product market growth

Povidone Iodine Market by Skin Sterilization Applications

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Skin sterilization applications should surpass USD 100 million by 2027. Antimicrobial activity of the product to kill various organisms is expected to boost product demand for skin sterilization application before and after surgery of patients. The product offers effectiveness in single sterilization process and offers low cost which is likely to boost the povidone iodine market growth.

Skin preparation prior to invasive procedures such as venepuncture and surgical procedures to avoid skin infection should stimulate product demand. Pre-operative skin preparation reduces the soil and transient flora on the skin which is an essential step prior to surgery. Sterile gauze swab dipped in povidone iodine solution is used to sterile operation site on the body which is low cost and less time consuming.  Rising focus towards improved hygiene to prevent any contamination and spread of infection should accelerate the povidone iodine market revenue.

Rising demand for disinfectants and antiseptics in North America should accelerate industry growth

Povidone Iodine Market by Region

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North America should register gains of over USD 55 million by the end of 2027. Increasing number of surgeries including dental and cosmetic surgery is expected to boost product demand in the region. Rising prevalence of hospital acquired infection should augment demand for antiseptics and disinfectants. Furthermore, rising stringent regulations on hand antiseptics are likely to drive the povidone iodine market sales.

Growing need to sterilize medical devices frequently to avoid risk of hospital infections is likely to boost product market growth in the region. Product application in preparation of various pharmaceutical products including antiseptics and disinfectants should augment product market growth. Growing pharmaceutical industry along with prevalence of disease in clinics and hospitals should boost product market growth. 

Strategic acquisition is the primary business strategy adopted by manufacturers

Povidone iodine industry is competitive and includes various market players such as BASF SE, Glide Chem Pvt Ltd, Adani Pharmachem Pvt Ltd, Akron Healthcare Pvt Ltd, Sigma Aldrich, Avrio Health L.P. and Boai NKY Pharmaceuticals Ltd. Companies are primarily engaged in strategic acquisitions to expand production capacity and distribution network.

In February 2021, Avrio Health LP announced launch of new betadine antiseptic oral rinse which contains active ingredient povidone iodine 0.5%. The product is an antiseptic preprocedural oral rinse and is only for professional use for reparation of oral mucous before tooth extraction, dental surgery and injection.

Changing government regulations on manufacture and use of chemical and chemical product may restrain the business growth. Furthermore, sometimes the product leads to side effects such as skin rashes, redness and swollen skin surface which can be another restraining factor for the product market growth.

Global povidone iodine market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Tons) and revenue in USD million from 2016 to 2027 for the following segments:

By Concentration

  • 10% solution
  • 7.5% solution
  • Others

By Formulation Type

  • Scrub
  • Topical Solution
  • Ointments
  • Others

By Application

  • Skin sterilization
  • Instrument sterilization
  • Disinfectant
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
    • Spain
    • Poland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Malaysia
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of MEA

Frequently Asked Questions (FAQ) :

Global povidone iodine market share was valued at USD 140 million in 2020 and will grow at a CAGR of 4.5% by 2027.
The 7.5% concentration segment accounted for more than USD 30 million in 2020 and will expand, given the wide product applicability in the manufacturing of surgical scrub, ointment, spray, and swab.
North America will exceed over USD 55 billion by 2027, owing to an upsurge in the number of cosmetic and dental surgeries in the region.
Skin sterilization applications will hold more than USD 100 million market share through 2027 due to the low cost and antimicrobial activity of the product.

Premium Report Details

  • Published Date: Mar 2021
  • Pages: 203
  • Tables: 229
  • Charts / Figures: 25
  • Companies covered: 18
  • Countries covered: 21

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