Nicotine Patch Market 2025 Consumption Analysis, Growth Forecast by Manufacturers, Regions, Type and Application
23 November 2018 - Global Nicotine
Patch Market is expected to grow at a significant CAGR in the upcoming
years as the scope and its applications are rising enormously across the globe.
A nicotine patch is a product used for nicotine replacement therapy (NRT).
These transdermal patches are exclusively used for smoking cessation. This
patch is stick on the body, where nicotine is released from the patch and is
absorbed by the skin. Released nicotine binds to nicotine receptors in the
body, by reducing craving and symptoms related to smoking cessation. It helps
people stop smoking cigarettes. The nicotine patches such as NicoDerm CQ are
used.
The
factors that are playing a major role in the growth of Nicotine Patch Market
are rising awareness amongst population regarding smoking health hazard and
increasing research and development. On the other hand, the factor that is
restraining overall market growth is side effects of the nicotine patch. This
market is segmented based on product types, applications, and region. Product
types such as 24-hour Patches, 16-hour Patches, and others classify the
industry. End users into Female and Male classify Nicotine Patch Market.
Applications into Smoking Cessation and others classify Nicotine Patch
Industry.
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Nicotine
Patch Market is segmented geographically Americas (North America, Latin
America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America,
Middle East and Africa. Globally, North America accounts for the largest market
share of Nicotine Patch Industry and is estimated to lead the overall market in
the upcoming years. Europe and Asia Pacific follow suit. On the other hand,
Asia Pacific is estimated to grow at fastest pace in the upcoming years. The
reason being, rising awareness among population regarding side effects and diseases
caused by smoking, developing healthcare infrastructure, and increasing
government initiative by making new policies.
The
key players of Nicotine Patch Market are Habitrol, GlaxoSmithKline plc.,
Yesmoke, McNeil (Johnson & Johnson), The Harvard Drug Group LLC.,
Revolymer, Novartis AG, Wal-Mart Stores Inc., Target Corp., Walgreen Co., and
Cigna. These players are concentrating on inorganic growth to sustain
themselves amongst fierce competition. As such, mergers, acquisitions, and
joint ventures are the need of the hour.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Nicotine Patch in these regions, from 2013 to
2025 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
Global Nicotine Patch market competition
by top manufacturers, with production, price, revenue (value) and market share
for each manufacturer; the top players including
•
GSK
•
McNeil (Johnson & Johnson)
•
Novartis
•
Cigna
•
Revolymer
•
Yesmoke
•
Habitrol
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