Drug Price Trends for GNP POVIDONE-IODINE

Average Pharmacy Cost for GNP POVIDONE-IODINE

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
GNP POVIDONE-IODINE 10% SOLN	24385-0053-55	0.01358	ML	2024-12-18
GNP POVIDONE-IODINE 10% SOLN	24385-0053-55	0.01304	ML	2024-11-20
GNP POVIDONE-IODINE 10% SOLN	24385-0053-55	0.01392	ML	2024-10-23
GNP POVIDONE-IODINE 10% SOLN	24385-0053-55	0.01412	ML	2024-09-18

GNP Povidone-Iodine Market Analysis and Price Projections

Introduction to Povidone-Iodine

Povidone-iodine, a potent antiseptic and disinfectant, has been a cornerstone in various industries, particularly in healthcare, for its effective infection control properties. This article delves into the market analysis and price projections for povidone-iodine, highlighting its growth drivers, regional insights, and future outlook.

Market Size and Growth Projections

The global povidone-iodine market is experiencing significant growth, driven by increasing demand from healthcare and other end-use industries.

• As of 2024, the market size was valued at approximately USD 145.06 million and is projected to reach USD 204.57 million by 2031, growing at a CAGR of 4.39%[1][4].
• Another report indicates that the market size was USD 163.70 million in 2023 and is expected to grow to USD 221.29 million by 2030, with a CAGR of 4.4%[3].
• The market is also forecasted to reach USD 242.66 million by 2032, with a CAGR of 4.75% from 2025 to 2032, though this figure is less frequently cited[4].

Key Drivers of the Market

Several factors are driving the growth of the povidone-iodine market:

Rising Awareness of Infection Control

The COVID-19 pandemic has heightened the importance of infection control, leading to increased demand for effective antiseptics like povidone-iodine. This heightened awareness has driven up the use of povidone-iodine in various settings, from hospitals to home care[1][4].

Growing Healthcare Sector

The rapidly expanding healthcare sectors in regions such as North America, Asia-Pacific, and others are significantly contributing to the market growth. Countries like the United States, China, India, and Thailand are witnessing a surge in healthcare spending and infrastructure development, which in turn boosts the demand for povidone-iodine[2][4].

Chronic Wounds and Diabetes

In North America, particularly the United States, the rising prevalence of chronic wounds associated with diabetes is a major driver. According to the CDC, approximately 34.2 million Americans had diabetes in 2018, and about 25% of diabetics will develop a foot ulcer during their lifetime, increasing the demand for wound care treatments that include povidone-iodine[1][4].

Regional Insights

North America

North America leads the povidone-iodine market, with the United States being the largest end-user due to high rates of hospital-acquired illnesses and stringent regulatory requirements for surgical antiseptics. This region is expected to continue its dominance during the forecast period[2][3].

Asia-Pacific

The Asia-Pacific region, particularly countries like China, India, Malaysia, and Thailand, is experiencing rapid growth in the healthcare sector. This region emerged as the largest market for povidone-iodine in 2021, with a market share of around 42%, and is expected to continue growing due to increasing healthcare spending and cleanliness concerns. The APAC povidone-iodine market is expected to exceed USD 211.9 million by 2030, with a CAGR of more than 5.5%[3][4].

Market Segmentation

The povidone-iodine market is segmented by product, application, and end-users, offering diverse opportunities for growth.

By Product

• Pharmaceutical Grade PVP-I
• Industrial Grade PVP-I
• Medical Grade PVP-I
• Electronic Grade PVP-I[3]

By Application

• Instrument Sterilization
• Infection Prevention
• Hospitals and Clinics
• Skin Sterilization
• Breeding Industry
• Food Industry
• Aquaculture
• Other[3]

By End-Users

• Paints and Coatings
• Petrochemicals
• Pharmaceuticals
• Agrochemicals
• Electronics
• Other[3]

Price Projections

Given the projected market growth, the prices of povidone-iodine are likely to remain stable or see a moderate increase due to several factors:

Increasing Demand

Rising demand from healthcare and other industries could lead to higher prices if supply does not keep pace[1][4].

Raw Material Costs

Fluctuations in the cost of raw materials could impact the final product price[1].

Regulatory Environment

Stricter regulations and compliance requirements might also influence pricing. For instance, regulatory bodies like the FDA and CDC have implemented severe requirements for conventional surgical antiseptics, which can affect production costs and subsequently prices[3].

Applications of Povidone-Iodine

Povidone-iodine is used in a variety of applications due to its broad-spectrum antimicrobial properties.

Infection Prevention

Povidone-iodine is widely used for infection prevention in hospitals, clinics, and home care settings. It is effective against a broad range of microbes, including bacteria, viruses, fungi, and protozoa[1][4].

Skin Sterilization

It is commonly used for skin sterilization before surgical procedures and for treating minor cuts and wounds[5].

Instrument Sterilization

Povidone-iodine is used to sterilize medical instruments, ensuring they are free from microbial contamination[3].

Other Applications

In addition to healthcare, povidone-iodine is used in the breeding industry, food industry, aquaculture, and other sectors where microbial control is crucial[3].

Challenges Facing the Market

Despite the growth opportunities, the povidone-iodine market faces several challenges:

Unstable Nature of Povidone-Iodine

Povidone-iodine can be unstable under certain conditions, which can affect its efficacy and shelf life[4].

Potential Side Effects

Povidone-iodine can cause local swelling and irritation in some individuals, which is a significant concern for its widespread use[4].

Key Takeaways

• The global povidone-iodine market is expected to grow significantly, driven by the healthcare sector and increasing awareness of infection control.
• North America and Asia-Pacific are key regions driving market growth.
• The market is segmented by product, application, and end-users, offering diverse opportunities for growth.
• Despite opportunities, the market faces challenges such as the unstable nature of povidone-iodine and potential side effects.

FAQs

What is the current market size of the povidone-iodine market?

The current market size of the povidone-iodine market was valued at approximately USD 145.06 million in 2024[1].

What is the projected growth rate of the povidone-iodine market?

The market is projected to grow at a CAGR of 4.39% from 2024 to 2031[1].

Which region dominates the povidone-iodine market?

North America, particularly the United States, dominates the povidone-iodine market due to high rates of hospital-acquired illnesses and stringent regulatory requirements[2][3].

What are the main applications of povidone-iodine?

Povidone-iodine is used in infection prevention, skin sterilization, instrument sterilization, and various other applications including aquaculture, breeding industry, and food industry[4].

What are the potential challenges facing the povidone-iodine market?

The unstable nature of povidone-iodine and its potential side effects, such as local swelling and irritation, are significant challenges facing the market[4].

Sources

1. DrugPatentWatch - Povidone Iodine Market Analysis and Financial Projection.
2. Davy Crockett Drug - GNP POVIDONE 10% IODINE SOL LIQ 8 OZ.
3. Maximize Market Research - Povidone Iodine Market: Global Industry Forecast 2030.
4. Verified Market Research - Povidone Iodine Market Size, Share, Trends, Scope & Forecast.
5. Global Market Insights - Povidone Iodine Market Share Forecasts 2022-2028.