Nicotine Patches Market – Global Industry Dynamics 2019-20, Trends and Forecast, 2021-2028

Nicotine patches are mainly used for smoking cessation. Nicotine replacement therapy (NRT) is designed in the form of a nicotine patch to help people quit smoking. Nicotine patch delivers a specific amount of nicotine into the bloodstream through the skin. Nicotine patches help to reduce feelings and cravings of withdrawal by replacing some of the nicotine people would normally get from smoking.

Driving Factors

  • Awareness about the advantages of using nicotine patches is one of the major factors projected to trigger the market growth of nicotine patches during the forecast period. Nicotine proves to be beneficial when consumed in appropriate quantities, which makes it a preferred choice for health-conscious consumers seeking to quit smoking. Nicotine patches lower the risk of non-communicable diseases such as cancer and other cardiovascular diseases. Moreover, nicotine patches also help in enhancing the skills related to reaction time, coordination, and vigilance while sharpening the short-term memory of smokers. The growing awareness of the health benefits of nicotine patches would boost nicotine patch market growth at a rapid CAGR during the forecast period.

  • Government initiatives in several developing countries through various campaigns are helping in increasing awareness regarding quit smoking campaign. With growing government and private level initiatives in quit smoking campaign, the demand for nicotine patches is anticipated to increase globally over the forecast period.

  • The rising number of promotional activities and campaigns for smoking cessation aids is anticipated to drive the nicotine patch market worldwide. Various anti-smoking campaigns and initiatives are being launched and conducted by organizations to create awareness. Smoking cessation aids, including e-cigarettes, nicotine patches, and vaping devices are gaining popularity among consumers, which would considerably propel market growth during the forecast period.

  • Increasing research and development activities and growing awareness among the population regarding smoking health hazards are factors projected to create huge growth opportunities for the nicotine patch market

Restraining Factor

  • Side effects of nicotine patches are expected to hinder the global nicotine patches market growth during the forecast period

Market Segmentation

  • The global nicotine patches market can be segmented based on type, distribution channel, and region

  • Based on type, the global nicotine patches market can be classified into 16-hour day patches and 24-hour day & night patches

  • Based on the distribution channel, the global nicotine patches market has been segmented into online and offline. An offline distribution channel is further categorized into hypermarkets/supermarkets, pharmaceutical stores, and others.

  • In terms of region, the global market can be divided into North America (U.S, Canada, and Rest of North America), Europe (U.K, Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)

Competition Landscape

  • Key players operating in the global nicotine patches market include GlaxoSmithKline plc, Ciba-Geigy, Reddy’s Laboratories Ltd., Marion Merrell Dow, Novartis AG, American Cyanamid, Cigna, Johnson & Johnson Services, Inc., and Perrigo Company plc.

Segments

  • By Type

    • 16-hour Day Patches

    • 24-hour Day & Night Patches

  • Distribution Channel

    • Online

    • Offline

      • Hypermarkets/Supermarkets

      • Pharmaceutical Stores

      • Others

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