The global iodine market size is projected to reach USD 1,283.0 million by the end of 2027. The increasing applications of the product will bode well for market growth. According to a report published by Fortune Business Insights, the market was worth USD 915.9 million and will exhibit a CAGR of 4.4% during the forecast period, 2020-2027.

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https://www.fortunebusinessinsights.com/iodine-market-103889

Europe to Emerge Dominant; Increasing Healthcare Expenditure to Bode well for Market Growth

The report analyzes the ongoing market Trends across five major regions.  Among all regions, the market in Europe is expected to hold the largest market share in the coming years. The presence of several large scale as well as regional companies in countries such as Germany, France, and the UK will contribute to the growth of the market. The increasing healthcare expenditure will also have a positive impact on the growth of the regional market. As of 2019, the market in Europe was worth USD 360.9 million and this value is projected to rise at a considerable pace in the coming years. Besides Europe, the market in North America will rise at a considerable pace driven by the increasing demand for the product in this region.