According to the research report titled ‘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‘, available with Market Study Report, global povidone iodine market is slated to record a strong CAGR over 2021-2027.
 

Global povidone iodine market growth is largely fueled by escalating product demand as an antiseptic agent in line with soaring product adoption in pharmaceutical industry for various application avenues like disinfecting skin, eyes and vagina, and instrument sterilization.
 

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For the unversed, povidone iodine is an iodophor solution containing iodine and water-soluble complex of polyvinylpyrrolidone with broad microbicidal activity against bacteria, viruses, fungi and protozoa.
 

Speaking of the market restraints, availability of alternatives is likely to hamper the demand for povidone iodine over the projected timeframe.
 

In terms of concentration, the market sphere is bifurcated into 7.5% solution, 10% solution and others. The others segment, comprising of 0.3% solution, is slated to grow with a CAGR of 5% through 2027.
 

Based on formulation, the worldwide povidone iodine industry is classified into scrub, ointments, topical solution, and others. The scrub segment is poised to register 4.5% CAGR through 2027, owing to its utility in decreasing the number of microorganisms on hands and forearms before patient care or surgery.
 

The ointment segment is expected to record over 5% CAGR over the analysis timeframe, whereas the other segment, comprising of powder formulation, is slated to register 5.2% CAGR over the same timeframe.
 

Speaking of application gamut, the market scenario is bifurcated into instrument sterilization, disinfectant, skin sterilization, and others. Experts analysts state that the others segment is poised to record over 5% CAGR through 2027.  
 

Moving on to regional terrain, Latin America industry is anticipated to grow with 3.9% CAGR over 2021-2027, whereas Middle East & Africa market is slated to grow with a CAGR of over 3.4% during the same time period.
 

The competitive hierarchy of global povidone iodine industry is defined by Lasa Supergenerics Ltd., Marsha Pharma Pvt. Ltd., Adani Pharmachem Pvt. Ltd., MilliporeSigma, G Amphray Laboratories Pvt Ltd., Thatcher Group Inc., Boai Nky Pharmaceuticals Ltd., Samrat Pharmachem Ltd., Avrio Health L.P., Glide Chem Pvt. Ltd., R.N. Laboratories Pvt. Ltd., and BASF SE among others.