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Nicotine Patch Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 134
  • SKU: IRTNTR73580
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Based on Technavio's market sizing methodology, the nicotine patch market size is predicted to surge to USD 363.81 million from 2021 to 2026 at a CAGR of 7.55%.

This nicotine patch market research report extensively covers nicotine patch market segmentation by:

  • Product - 24-hour nicotine patch and 16-hour nicotine patch
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa

The nicotine patch market report also offers information on several market vendors, including 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 among others.

What will the Nicotine Patch Market Size be During the Forecast Period?

Nicotine Patch Market Size

Download the Free Report Sample to Unlock the Nicotine Patch Market Size for the Forecast Period and Other Important Statistics

 

Nicotine Patch Market: Key Drivers, Trends, and Challenges

The benefits of using nicotine patches is notably driving the nicotine patch market growth, although factors such as the stringent regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nicotine patch industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Nicotine Patch Market Driver

  • One of the key factors driving growth in the nicotine patch market is the benefits of using nicotine patches.
  • Nicotine is harmful when consumed in excess, though it has several benefits when consumed in an appropriate quantity, as in the case of nicotine patches. 
  • Regular intake of nicotine in small quantities through patches not only helps to quit smoking but also sharpens the short-term memory of smokers.
  • The appropriate intake of nicotine through patches helps enhance the skills related to coordination, reaction time, and vigilance.
  • Nicotine patches respond well to the convenience factor desired by customers, as they can be worn under clothes and provide a regulated dosage of nicotine, unlike gums and lozenges.
  • Smoking cessation using nicotine patches lowers the risk of cardiovascular diseases and other non-communicable diseases such as cancer.

Key Nicotine Patch Market Trend

  • The online retailing is a nicotine patch market trend that is expected to have a positive impact in the coming years.
  • Online and e-commerce channels support business-to-business (B2B) and business-to-consumer (B2C) operations. The average amount of money spent online per transaction and the number of transactions that occur online are increasing globally.
  • The rise in the number of internet users worldwide and the buy-it-now attitude of users are contributing to the growth of this retail channel.
  • Customers prefer online shopping and pay for their orders using credit or debit cards, which helps them to avoid time-consuming journeys and billing queues.
  • Online shopping portals have also incorporated enhanced security features for efficient customer service and payments, along with customer-friendly website designs that offer enhanced product visibility. This trend is encouraging various manufacturers to concentrate on the internet-savvy customer segment and helps vendors in reducing the operating costs and overheads.

Key Nicotine Patch Market Challenge

  • The stringent regulations will be a major challenge for the nicotine patch market during the forecast period.
  • Players in the global nicotine patch market must adhere to the stringent rules and regulations imposed by various government bodies in different countries to check the sale of tobacco products.
  • In the US, vendors must adhere to the rules and regulations imposed by the FDA. Smoking cessation products are regulated through the FDA Center for Drug Evaluation and Research. It is the duty of this branch to ensure that products are safe.
  • In India, the advertisement of nicotine-based products is banned. Thus, the presence of stringent regulations pertaining to labeling, sales, and marketing of nicotine-based products can hinder the growth of the global nicotine patch market during the forecast period.

This nicotine patch market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global nicotine patch market as a part of the pharmaceutical market within the overall healthcare industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nicotine patch market during the forecast period.

Who are the Major Nicotine Patch Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Johnson and Johnson

 

This statistical study of the nicotine patch market encompasses successful business strategies deployed by the key vendors. The nicotine patch market is fragmented and the vendors are deploying growth strategies such as focusing on acquiring other smaller brands to increase their market presence to compete in the market.

Product Insights and News

  • bat.com - The company offers nicotine patches under the brand Velo, which contain high purity nicotine, water and other high quality ingredients.

  • bat.com - The US segment of the company deals with business activities in the US.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The nicotine patch market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Nicotine Patch Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the nicotine patch market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Nicotine Patch Market?

Nicotine Patch Market Market segmentation by region

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47% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for nicotine patches in North America. Market growth in this region will be faster than the growth of the market in the Europen and MEA regions.

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 over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

 The outbreak of COVID-19 in 2020 negatively impacted the nicotine patch market in the region in 2020. To reduce the spread of the coronavirus, measures such as complete lockdown and trade restrictions were implemented. With the increasing number of smokers and health conditions such as COPD, the demand for nicotine patches will increase during the forecast period.

What are the Revenue-generating Product Segments in the Nicotine Patch Market?

Nicotine Patch Market Segmentation

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The nicotine patch market share growth by the 24-hour nicotine patch segment will be significant during the forecast period. In 2021, the 24-hour nicotine patch was the largest product segment of the global nicotine patch market. The 24-hour nicotine patches are available in three variants: 21 mg, 14 mg, and 7 mg. The global 24-hour nicotine patch market is invigorated by technological innovations. For example, one such technological innovation in the 24-hour nicotine patch is the digital transdermal patch that releases nicotine automatically at timed intervals when the cravings for nicotine consumption are strongest in the consumer. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the nicotine patch market size and actionable market insights on post COVID-19 impact on each segment.

 

Nicotine Patch Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 7.55%

Market growth 2022-2026

$ 363.81 million

Market structure

Fragmented

YoY growth (%)

6.98

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 47%

Key consumer countries

US, Canada, Germany, UK, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Nicotine Patch Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive nicotine patch market growth during the next five years
  • Precise estimation of the 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 North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of nicotine patch market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
  • 5.2 Comparison by Product
    • Exhibit 26: Chart on Comparison by Product
    • Exhibit 27: Data Table on Comparison by Product
  • 5.3 24-hour nicotine patch - Market size and forecast 2021-2026
    • Exhibit 28: Chart on 24-hour nicotine patch - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on 24-hour nicotine patch - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on 24-hour nicotine patch - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on 24-hour nicotine patch - Year-over-year growth 2021-2026 (%)
  • 5.4 16-hour nicotine patch - Market size and forecast 2021-2026
    • Exhibit 32: Chart on 16-hour nicotine patch - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on 16-hour nicotine patch - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on 16-hour nicotine patch - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on 16-hour nicotine patch - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Product
    • Exhibit 36: Market opportunity by Product ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 Germany - Market size and forecast 2021-2026
    • Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.10 UK - Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.11 Canada - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.12 France - Market size and forecast 2021-2026
    • Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 British American Tobacco Plc
    • Exhibit 89: British American Tobacco Plc - Overview
    • Exhibit 90: British American Tobacco Plc - Business segments
    • Exhibit 91: British American Tobacco Plc - Key news
    • Exhibit 92: British American Tobacco Plc - Key offerings
    • Exhibit 93: British American Tobacco Plc - Segment focus
  • 10.4 Cardinal Health Inc.
    • Exhibit 94: Cardinal Health Inc. - Overview
    • Exhibit 95: Cardinal Health Inc. - Business segments
    • Exhibit 96: Cardinal Health Inc. - Key news
    • Exhibit 97: Cardinal Health Inc. - Key offerings
    • Exhibit 98: Cardinal Health Inc. - Segment focus
  • 10.5 Cipla Health Ltd.
    • Exhibit 99: Cipla Health Ltd. - Overview
    • Exhibit 100: Cipla Health Ltd. - Product / Service
    • Exhibit 101: Cipla Health Ltd. - Key offerings
  • 10.6 CVS Health Corp.
    • Exhibit 102: CVS Health Corp. - Overview
    • Exhibit 103: CVS Health Corp. - Business segments
    • Exhibit 104: CVS Health Corp. - Key offerings
    • Exhibit 105: CVS Health Corp. - Segment focus
  • 10.7 Dr. Reddys Laboratories Ltd.
    • Exhibit 106: Dr. Reddys Laboratories Ltd. - Overview
    • Exhibit 107: Dr. Reddys Laboratories Ltd. - Business segments
    • Exhibit 108: Dr. Reddys Laboratories Ltd. - Key offerings
    • Exhibit 109: Dr. Reddys Laboratories Ltd. - Segment focus
  • 10.8 GlaxoSmithKline Plc
    • Exhibit 110: GlaxoSmithKline Plc - Overview
    • Exhibit 111: GlaxoSmithKline Plc - Business segments
    • Exhibit 112: GlaxoSmithKline Plc - Key news
    • Exhibit 113: GlaxoSmithKline Plc - Key offerings
    • Exhibit 114: GlaxoSmithKline Plc - Segment focus
  • 10.9 Itaconix Corp.
    • Exhibit 115: Itaconix Corp. - Overview
    • Exhibit 116: Itaconix Corp. - Product / Service
    • Exhibit 117: Itaconix Corp. - Key offerings
  • 10.10 Johnson and Johnson
    • Exhibit 118: Johnson and Johnson - Overview
    • Exhibit 119: Johnson and Johnson - Business segments
    • Exhibit 120: Johnson and Johnson - Key news
    • Exhibit 121: Johnson and Johnson - Key offerings
    • Exhibit 122: Johnson and Johnson - Segment focus
  • 10.11 Novartis AG
    • Exhibit 123: Novartis AG - Overview
    • Exhibit 124: Novartis AG - Business segments
    • Exhibit 125: Novartis AG - Key offerings
    • Exhibit 126: Novartis AG - Segment focus
  • 10.12 Perrigo Co. Plc
    • Exhibit 127: Perrigo Co. Plc - Overview
    • Exhibit 128: Perrigo Co. Plc - Business segments
    • Exhibit 129: Perrigo Co. Plc - Key offerings
    • Exhibit 130: Perrigo Co. Plc - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 131: Inclusions checklist
    • Exhibit 132: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 133: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 134: Research methodology
    • Exhibit 135: Validation techniques employed for market sizing
    • Exhibit 136: Information sources
  • 11.5 List of abbreviations
    • Exhibit 137: List of abbreviations

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
Technavio

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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Nicotine Patch Market market growth will increase by $363.81 mn during 2022-2026.
The nicotine patch market market is expected to grow at a CAGR of 7.55% during 2022-2026.
Technavio has segmented the nicotine patch market 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).
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, Johnson and Johnson are a few of the key vendors in the nicotine patch market market.
North America will register the highest growth rate of 47% among the other regions. Therefore, the nicotine patch market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the nicotine patch market market growth are:
  • Benefits of using nicotine patches
  • Online retailing
The nicotine patch market market vendors should focus on grabbing business opportunities from the 24-hour nicotine patch segment as it accounted for the largest market share in the base year.
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