The nicotine patch market share is forecast to reach USD 363.81 million, after growing at a CAGR of 7.55% during 2021-2026. The benefits of using nicotine patches are analyzed to boost the addiction's therapeutics market growth. Moreover, online retailing is the major trend enhancing the overall market demand for the nicotine patches market during the forecast period.
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Browse Technavio's 134-page report and in-depth TOC on "Nicotine Patch Market by Product (24-hour nicotine patch and 16-hour nicotine patch) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Product:
24-hour nicotine patch: The nicotine patch market share growth by the 24-hour nicotine patch segment will be significant during the forecast period.
16-hour nicotine patch
Geography:
North America: 47% of the market's growth will originate from North America during the forecast period. The rising awareness among consumers about nicotine patches being an effective smoking cessation aid to quit smoking and the increasing number of people who opt for smoking cessation products to quit smoking will facilitate the nicotine patch market growth in North America.
Europe
Asia
Rest of World (ROW)
The nicotine patch market size will witness a YOY Growth Rate of 6.98% in 2022.
The stringent regulations will be a major challenge for the nicotine patch market during the forecast period.
Major key nicotine patch market players include: British American Tobacco Plc, Cardinal Health Inc., Cigna Corp., Cipla Health Ltd., CVS Health Corp., Dr. Reddys Laboratories Ltd., Itaconix Corp., Merck KGaA, Novartis AG, Perrigo Co. Plc, Pfizer Inc., Pierre Fabre SA, Rusan Pharma Ltd., Target Corp., Walgreens Boots Alliance Inc., Walmart Inc., GlaxoSmithKline Plc, and Johnson and Johnson
The report illustrates the lifecycle of the market, focusing on the adoption rates of the major regions such as North America, Europe, APAC, South America, and the Middle East and Africa.
Download the PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
Precise market size estimation during the forecast period 2022-2026.
CAGR of the nicotine patch market forecast during 2022-2026.
Market-level data on units, average selling prices, and values of the nicotine patch market share.
Prediction of the upcoming trends, drivers, and factors that challenge the growth of the nicotine patch market.
Nicotine patch industry growth across North America, Europe, APAC, South America, and Middle East and Africa.
