Global Nicotine Patch Market 2019-2023

  • Published: Feb 2019
  • Pages: 112
  • SKU: IRTNTR30833
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The global nicotine patch market size will grow by USD 229.07 million during 2019-2023. This report offers an analysis of the market based on product (24-hour nicotine patch and 16-hour nicotine patch) and geography (APAC, Europe, MEA, North America, and South America). The nicotine patch market research report analyzes the market’s competitive landscape and offers information on several companies including Dr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc., Johnson & Johnson Services, Inc., Novartis AG, and Perrigo Company plc.

Below are some of the key findings from this nicotine patch market research report

Nicotine Patch Market

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Global Nicotine Patch Industry Overview

The growing awareness of the benefits of using nicotine patches is one of the key factors expected to trigger market growth in the coming years. When consumed in appropriate quantities, nicotine proves to be beneficial which makes it an obvious choice for health-conscious consumers seeking to quit smoking. Nicotine patches lower the risk of cardiovascular diseases and other non-communicable diseases including cancer. Furthermore, these patches also help in enhancing the skills related to coordination, reaction time, and vigilance while sharpening the short-term memory of smokers. The rising awareness of the health benefits of nicotine patches will drive nicotine patch market growth at a CAGR of close to 7% during the forecast period.

Furthermore, the rising number of promotional campaigns and activities for smoking cessation aids is likely to gain traction as one of the most popular nicotine patch market trends. Various anti-smoking initiatives and campaigns are being launched and conducted by organizations to create awareness. Smoking cessation aids including nicotine patches, e-cigarettes, and vaping devices are gaining popularity among consumers, which will considerably drive market growth in the coming years.

Top nicotine patch companies covered in this market research report

The nicotine patch market is highly concentrated with players focusing on launching innovative products for catering to the evolving end-user requirements. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by companies, this nicotine patch industry analysis report will allow clients to assess the market potential and form effective business strategies for strengthening their market positions.

The report offers a complete analysis of various companies including:

  • Dr. Reddy’s Laboratories Ltd.
  • GlaxoSmithKline plc.
  • Johnson & Johnson Services, Inc.
  • Novartis AG
  • Perrigo Company plc

Nicotine patch market segmentation based on geographic regions

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been estimated that North America will account for the largest nicotine patch market share throughout the forecast period. However, the market’s incremental growth will be high in APAC because of the rising demand for smoking cessation aids in several economies including China, India, Japan, and Australia.

Nicotine patch market segmentation based on products

  • 24-hour nicotine patch
  • 16-hour nicotine patch

The 24-hour nicotine patch market segment will account for the highest share of this market because of the rising demand for 24-hour nicotine patch variants such as 21 mg, 14 mg, and 7 mg. The report also provides an accurate prediction of the contribution of the various products segments to the growth of the nicotine patch market size.

Key highlights of the global nicotine patch market for the forecast years 2019-2023:

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the nicotine patch market during the next five years
  • Precise estimation of the global nicotine patch market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the nicotine patch industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details on the factors that will challenge the growth of nicotine patch companies 

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • 24-hour nicotine patch - Market size and forecast 2018-2023
  • 16-hour nicotine patch - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Online retailing
  • Rising number of promotional campaigns and activities for smoking
  • cessation aids
  • Technological innovations in transdermal drug delivery process

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Dr. Reddy’s Laboratories Ltd.
  • GlaxoSmithKline plc.
  • Johnson & Johnson Services, Inc.
  • Novartis AG
  • Perrigo Company plc

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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