The global Povidone Iodine (PVP-I) market is expected to witness significant
demand over the forecast period. Povidone Iodine (PVP-I), also known as
iodopovidone, is an iodinated polyvinyl polymer used as topical antiseptic
surgery and for skin and mucous membrane infections, also as aerosol. The
iodine may be radio labeled for research purposes. The global Povidone Iodine
Market is segmented on the basis of dosage forms, drug class and region. In
contact with skin and mucous membranes of the povidone iodine complex gradually
releases the active iodine, which works quickly and has a microbicidal effect.
It is used in the
treatment of burns, leg ulcer, radiation injuries, and staphylococcal
infections. Povidone iodine is highly soluble and less toxic making it widely
suitable for surgical asepsis and wound dressing. In dentistry it is used for
pre surgical skin preparation, pre procedural rinse to reduce bacteremia and
microbial load in aerosols, root canal irrigant and intracanal medicament.
Povidone iodine is a broad spectrum microbicide that destroys microbial protein
and DNA.
It has excellent in
vitro antimicrobial activity and is indicated for preoperative preparation of
the particular region (lids, brow, cheek) and irrigating the ocular surface. PI
is supplied as Betadine (5% sterile ophthalmic preparation solution, Alcon) and
is packaged in a single-use, 1-fluid-ounce bottle.
High awareness concerning general well-being is driving the
healthcare market. Moreover, growth in aging population is likely to boost the
healthcare market. Presence of strict government commands in Europe and North
America and a well-developed healthcare industry is expected to boost the use
of povidone iodine during the report’s forecast period from 2014 to 2025.
Accordingly, the growing healthcare industry coupled with the
increasing awareness regarding hygiene will likely drive the demand for
povidone iodine industry over foremost period. However, there are various
substitute products available for povidone iodine in the market.
Chlorhexidine-alcohol is one of the major substitutes for povidone iodine.
Consequently, the presence of substitute products may be a factor that may
restrain the growth of the povidone iodine market within the forecast period.
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On the basis of dosage forms, the global Povidone Iodine
industry is classified into powder, lotions, sprays, mousses, solution,
ointment, and gel. On the basis of drug class, the global Povidone Iodine
market is classified into Antiseptics, Iodine products, and Medicated dressings
with anti-infective, Medicated Shampoo, Other anti-infective, Other
anti-infective and antiseptics. Geographically, the global Povidone Iodine
market is segmented into North America (U.S. and Canada), Latin America
(Mexico, Brazil, Peru, Chile, and others), Western Europe (Germany, England,
France, Spain, Italy, Nordic countries, Belgium, The Netherlands, Luxembourg),
Eastern Europe (Poland, Russia), Asia Pacific (China, India, Japan, ASEAN,
Australia and New Zealand), Middle East and Africa (GCC, Southern Africa, North
Africa).
North America accounted for the largest market share of
Povidone Iodine industry and is expected to remain dominant over the forecast
period from 2014 to 2025 as U.S. generated the highest demand for Povidone
Iodine due to sizeable demand from the healthcare industry and nanomaterial
sector. Europe is the second largest region with maximum market share of the
global Povidone Iodine Market. Stringent regulation in Europe regarding
healthcare and hygiene are expected to drive the demand for povidone iodine in
the near future. European countries such as Germany and the England were the
major consumers of tri-isopropanol amine in this region.
Asia Pacific region is expected to grow at a fastest pace
during the forecast period from 2014 to 2025. Rising global population and the
mounting base of geriatric persons has been either directly or indirectly
helping the growth of the market. Several countries in Asia Pacific have
confirmed rapid economic growth over the past decade. The Asia Pacific povidone
iodine industry was followed by markets in the Rest of the World. The key
players in the Povidone Iodine market are H&P Industries, Inc., Glide Chem
Private, Medline Industries Inc and RN Laboratories.
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