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Drug Price Trends for HM IODIDES TINCTURE
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Average Pharmacy Cost for HM IODIDES TINCTURE
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
HM IODIDES TINCTURE | 62011-0116-01 | 0.07395 | ML | 2025-01-22 |
HM IODIDES TINCTURE | 62011-0116-01 | 0.07377 | ML | 2024-12-18 |
HM IODIDES TINCTURE | 62011-0116-01 | 0.07388 | ML | 2024-11-20 |
HM IODIDES TINCTURE | 62011-0116-01 | 0.07354 | ML | 2024-10-23 |
HM IODIDES TINCTURE | 62011-0116-01 | 0.07356 | ML | 2024-09-18 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for HM Iodine Tincture
Overview of Iodine Market
The global iodine market is experiencing significant growth, driven by its diverse applications across various industries. Here, we will focus on the market analysis and price projections specifically for HM Iodine Tincture, a product within this broader market.
Global Iodine Market Trends
The global iodine market was valued at 41,518.82 metric tons in 2024 and is projected to reach 70,145.17 metric tons by 2033, growing at a CAGR of 6% during the forecast period of 2025-2033[1].
Applications of Iodine
Iodine has multiple applications, including:
- Medical: Iodine is widely used in medical applications, such as in X-ray contrast media and as a disinfectant. The medical segment holds the largest share, expected to grow at a CAGR of 6% from 2021 to 2030[1].
- Biocides: Iodine is used in water treatment and the food and beverage industry, contributing to its growing demand[1].
- Animal Feed: Iodine is an essential additive in animal feed to prevent iodine deficiency in livestock[1].
HM Iodine Tincture Market
Product Overview
HM Iodine Tincture is a form of iodine used primarily for its antiseptic and disinfectant properties. It is commonly available as a 2% mild tincture.
Pricing Trends
The pricing of HM Iodine Tincture has been relatively stable over recent months. As of 2024, the average pharmacy cost for HM Iodine 2% Mild Tincture was around $0.068 to $0.071 per milliliter (ML)[2].
Date | Price/Unit ($/ML) |
---|---|
2024-12-18 | 0.06852 |
2024-11-20 | 0.06907 |
2024-10-23 | 0.06800 |
2024-09-18 | 0.06845 |
2024-08-21 | 0.06862 |
2024-07-17 | 0.06862 |
2024-06-19 | 0.07183 |
Market Drivers
The demand for HM Iodine Tincture is driven by several factors:
- Healthcare Needs: Increasing health concerns and the need for effective antiseptics and disinfectants in medical settings.
- Regulatory Support: Guidelines from health organizations such as the World Health Organization (WHO) to minimize iodine deficiency support the broader iodine market, indirectly benefiting HM Iodine Tincture[3].
Challenges and Restraints
Despite the growing demand, there are several challenges:
- Toxic Effects: Consuming iodine over prescribed levels can lead to poisoning, including symptoms like diarrhea, nausea, and hyperthyroidism. This can act as a restraint for the market, especially if consumer awareness is low[3][4].
Price Projections
Given the stable pricing trends and the overall growth of the iodine market, here are some projections:
- Short-Term: Prices are expected to remain relatively stable, fluctuating slightly based on supply and demand dynamics.
- Long-Term: With the global iodine market projected to grow at a CAGR of 6%, the demand for HM Iodine Tincture is likely to increase, potentially leading to slight price increases due to higher production costs and increased demand.
Regional Market Analysis
The global iodine market is dominated by Europe, but the fastest-growing region is the Asia-Pacific, driven by increasing applications in biocides, water treatment, and the food and beverage industry[1].
Conclusion
The market for HM Iodine Tincture is part of the broader and growing global iodine market. With stable pricing trends and increasing demand driven by healthcare needs and regulatory support, the outlook for HM Iodine Tincture is positive. However, it is crucial to address the potential toxic effects associated with excessive iodine consumption to ensure sustained market growth.
Key Takeaways
- Market Growth: The global iodine market is expected to grow at a CAGR of 6% from 2025 to 2033.
- Pricing Stability: HM Iodine Tincture prices have been relatively stable in recent months.
- Market Drivers: Healthcare needs and regulatory support are key drivers for the demand of HM Iodine Tincture.
- Challenges: Toxic effects of excessive iodine consumption need to be addressed to ensure market growth.
FAQs
-
What is the current market size of the global iodine market?
- The global iodine market was estimated at 41,518.82 metric tons in 2024[1].
-
What is the projected growth rate of the global iodine market?
- The global iodine market is expected to grow at a CAGR of 6% from 2025 to 2033[1].
-
What are the primary applications of iodine?
- Iodine is used in medical applications, biocides, animal feed, and other sectors[1].
-
What are the potential health risks associated with HM Iodine Tincture?
- Excessive consumption can lead to poisoning, including symptoms like diarrhea, nausea, and hyperthyroidism[3][4].
-
Which region is expected to drive the growth of the iodine market?
- The Asia-Pacific region is expected to be the fastest-growing market for iodine due to increasing applications in various sectors[1].
Sources
- Straits Research: Iodine Market Outlook, Share, Report to 2033.
- Drug Patent Watch: Pharmaceutical drug prices and trends for HM IODINE.
- Fortune Business Insights: Iodine Market Size, Share & Trends | Forecast Outlook [2032].
- IFT Online Library: Consequences of acute and longāterm excessive iodine intake: A review.
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