PUBLISHER: Value Market Research | PRODUCT CODE: 1542575
PUBLISHER: Value Market Research | PRODUCT CODE: 1542575
The global demand for Povidone Iodine Market is presumed to reach the market size of nearly USD 323.02 Billion by 2032 from USD 197.48 Billion in 2023 with a CAGR of 5.62% under the study period 2024-2032.
Povidone Iodine is a liquid iodophor solution that contains a water-soluble compound of polyvinylpyrrolidone (PVP) and iodine with wide microbicidal activity. The free iodine is gradually liberated from the polyvinylpyrrolidone iodine (PVPI) compound in solution, which kills prokaryotic or eukaryotic cells through lipids iodination and oxidation of cytoplasmic and membrane compounds. This agent exhibits a large range of microbicidal activity against fungi, bacteria, viruses, and protozoa. Povidone-iodine is considered a large spectrum antiseptic for relevant application in the prevention and treatment of wound infection. It is also utilized in first aid for minor cuts, browses, burns, blisters, and abrasions.
The growing demand for the product as an antiseptic agent and to disinfect the hands of healthcare workers' patient's skin is the major factor driving the povidone iodine market. The povidone iodine is mostly used in the manufacture of various pharmaceutical products, including creams, gels, and antiseptic liquids for infection prevention in wounds, leads to high market demand from the pharmaceutical sector. The expanding demand for the growing need to sterilize medical devices frequently to avoid the risk of hospital infections is positively impacting the povidone iodine market's growth. Moreover, the Growing pharmaceutical industry with a high prevalence of disease in clinics is likely to create lucrative growth opportunities for key players of the Povidone iodine market in the coming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Povidone Iodine. The growth and trends of Povidone Iodine industry provide a holistic approach to this study.
This section of the Povidone Iodine market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Povidone Iodine market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Povidone Iodine market include Evonik Industries AG, BASF SE, Nippon Shokubai Co Ltd, LG Chem Ltd., Sumitomo Seika Chemicals Co. Ltd, Sanyo Chemical Industries, KAO Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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