Povidone Iodine Market Research Insights 2022-28
The global povidone iodine market size was valued USD 141.6 billion in 2021 and is anticipated to grow at USD 190.2 billion by 2028 witnessing a CAGR of 4.3% during the forecast period 2022-2028 Povidone, or polyvinylpyrrolidone as it is more often known, is a plasma expander. This was helpful for patients who had been in a car accident. They are currently utilised to make artificial tears and to lubricate the eyes. Some contact lens makers employ povidone as a wetting agent in the lens to increase moisture retention capacity. They're also employed in tablet and liquid oral medication as binders. They're also used in cosmetics like lipstick, gels, and toothpaste. New cases of COVID-19 (coronavirus) are still being reported around the world. As a result, players in the povidone iodine industry are stepping up their research and development efforts to assess PVP-efficacy I's against the novel coronavirus. For example, Avrio Health L.P., a global leader in consumer health products, has launched a study to determine the possible safety and virucidal characteristics of Betadine® antiseptic products including povidone iodine as an active ingredient. In vitro and in vivo research to assess the efficiency of povidone iodine against the virus that causes COVID-19 are being improved by companies in the povidone iodine market.
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The use of povidone as an antiseptic and disinfectant is extremely common. This utilisation is propelling the market forward. Aside from that, the surge in veterinary antiseptic products is propelling the industry forward. Because of its outstanding microbiological efficiency and mildness, povidone is becoming more popular as an antiseptic. The majority of maternal deaths occur as a result of bacterial infections contracted during childbirth. In addition, neonatal mortality is related to maternal illnesses at the time of delivery. As a result, the WHO recommends using Povidone Iodine Solution as a Vaginal Wash before to a caesarean delivery. For the vaginal wash, there are alternatives to Povidone Iodine Solution. However, when compared to the alternatives, this reduces the discomfort for women.
The global povidone iodine market segmentation:
1) By Product: Pharmaceutical Grade PVP-I and Industrial Grade PVP-I),
2) By Application: Skin Sterilization, Infection Prevention, Instrument Sterilization and Others including Breeding and Aquaculture.
3) By End User: Aquaculture, Pharmaceuticals, Coatings, Petrochemicals and Others
The largest market share belongs to North America. In the United States and Canada, there has been a rise in health awareness. People are having more bariatric procedures to lose weight as a result of this. The development of the market in North America is mostly due to rising health awareness and rising disposable incomes.
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There are several industry players working in the Povidone Iodine Market, which include 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., N. Laboratories Pvt. Ltd., Samrat Pharmachem Limited., Shanghai Yuking Water Soluble Material Tech Co., Ltd.
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