Nicotine Patch Market Size|Industry Trends|Market Insights|Market Forecast to 2026
The Global Nicotine Patch Market is expected to grow at a CAGR of 7% to reach a market value of USD XX million by 2026.
(EMAILWIRE.COM, October 18, 2019 ) Market Overview:
A nicotine patch is a device that delivers nicotine into the body through the skin. This patch is usually used to help prevent nicotine cravings that smokers experience when trying to quit smoking. 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.
Market Dynamics:
The Nicotine Patch Market is primarily driven due to rising awareness amongst the 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.
However, side effects of nicotine patches are projected to restrain the global nicotine transdermal patches market during the forecast period.
Market Segmentation:
By product, the Nicotine Patch Market is segmented into 16-hour nicotine patch and 24-hour nicotine patch. The 24-hour Nicotine Patch is dominating the market in 2018 with the highest share in 2018. Both patches decreased morning smoking urges, although results are significantly superior for the 24-hr patch.
Habitrol by Dr. Reddy’s Laboratories Ltd. is a nicotine patch that uses time-release technology to curb withdrawal symptoms and with behavior support program increases your chances of quitting. The Habitrol patch replaces some of the nicotine that your body would otherwise get from smoking—without the other harmful chemicals found in cigarette smoke. With a patch, the withdrawal symptoms many feel while kicking the habit are diminished.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America and Europe held the majority of the market share in 2018 and are likely to retain its dominance over the estimated period. Globally, production and consumption of Nicotine Patch have also increased significantly in the last five years. Tobacco use is the leading cause of disability, death, and preventable disease in the.
In developing countries of regions like APAC, MEA, and South America rise in the population of people using nicotine patch has resulted in considerable growth in the market.
Competitive Analysis:
Major players in the market areDr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc., Johnson & Johnson Services, Inc., Novartis AG, Perrigo Company plc. Other key players in the market areCipla, Revolymer, Walgreens, and Cigna.
Download free sample: https://www.datamintelligence.com/download-sample/nicotine-patch-market
View full report: https://www.datamintelligence.com/research-report/nicotine-patch-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
A nicotine patch is a device that delivers nicotine into the body through the skin. This patch is usually used to help prevent nicotine cravings that smokers experience when trying to quit smoking. 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.
Market Dynamics:
The Nicotine Patch Market is primarily driven due to rising awareness amongst the 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.
However, side effects of nicotine patches are projected to restrain the global nicotine transdermal patches market during the forecast period.
Market Segmentation:
By product, the Nicotine Patch Market is segmented into 16-hour nicotine patch and 24-hour nicotine patch. The 24-hour Nicotine Patch is dominating the market in 2018 with the highest share in 2018. Both patches decreased morning smoking urges, although results are significantly superior for the 24-hr patch.
Habitrol by Dr. Reddy’s Laboratories Ltd. is a nicotine patch that uses time-release technology to curb withdrawal symptoms and with behavior support program increases your chances of quitting. The Habitrol patch replaces some of the nicotine that your body would otherwise get from smoking—without the other harmful chemicals found in cigarette smoke. With a patch, the withdrawal symptoms many feel while kicking the habit are diminished.
Geographical Analysis:
By geography, the Market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and the Middle East and Africa (MEA).
North America and Europe held the majority of the market share in 2018 and are likely to retain its dominance over the estimated period. Globally, production and consumption of Nicotine Patch have also increased significantly in the last five years. Tobacco use is the leading cause of disability, death, and preventable disease in the.
In developing countries of regions like APAC, MEA, and South America rise in the population of people using nicotine patch has resulted in considerable growth in the market.
Competitive Analysis:
Major players in the market areDr. Reddy’s Laboratories Ltd., GlaxoSmithKline plc., Johnson & Johnson Services, Inc., Novartis AG, Perrigo Company plc. Other key players in the market areCipla, Revolymer, Walgreens, and Cigna.
Download free sample: https://www.datamintelligence.com/download-sample/nicotine-patch-market
View full report: https://www.datamintelligence.com/research-report/nicotine-patch-market
About Us:
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: pr@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
Contact Information:
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results
DataM Intelligence
Sai Kiran
Tel: +1 877 441 4866
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results