What is Nicotine Patch Market Scope?
A Nicotine Patch is a device or a transdermal patch that delivers or releases nicotine into the body through the skin. This patch is majorly used to prevent nicotine craving among the consumptions and is used as nicotine replacement therapy (NRT), which indeed help the smokers to slowly reduce their addiction towards nicotine. Nicotine Patch is worn on skin which releases a stream of drug reservoir into the blood. This patch contains a drug reservoir which slowly percolates out and penetrates through the skin into the blood stream of the consumer. This indeed helps in reducing the physical withdrawal symptoms which occurs during the early period of quitting smoking. Rising consumption of nicotine among the population is driving the market for the nicotine patch.
The Nicotine Patch market study is being classified by Type (16-hour patches and 24-hour patches), by Application (Male and Female) and major geographies with country level break-up.
The market of Nicotine Patch appears to be highly concentrated and with the presence of limited vendors. This market research report will help clients in the future to identify the new growths opportunities and to design unique growth strategies towards the growth of this market. Analysts at AMA predicts that Players from Global will contribute to the maximum growth of Global Nicotine Patch market throughout the predicted period.
Dr. Reddys Laboratories Ltd. (India), GlaxoSmithKline plc. (United Kingdom), Johnson and Johnson Services Inc. (United States), Novartis AG (Switzerland), Perrigo Company plc. (Ireland), The Harvard Drug Group LLC (United States), Target Corp. (United States), Walgreen Co. (United States), Wal-Mart Stores Inc. (United States) and Cigna (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Itaconix (United Kingdom) and Yesmoke (Italy).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Nicotine Patch market by Type, Application and Region. On the basis of Type, 24-hour patches are dominating the market in the year 2020 where as 16-hour patches stood as second largest market share.
On the basis of geography, the market of Nicotine Patch has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020.
Approximately 4.9 million middle and high school students were current tobacco users in 2018. In 2018, less than one in 25 high school seniors was a daily smoker and among high school students, white teens are more likely to smoke than their black or Hispanic peers. Smoking rates are typically higher in nonmetropolitan areas, and in the Southern and Midwestern regions of the country.
The United States Department of Health and Human Services is running a campaign known as Fresh Empire. It is the FDA’s first public education campaign which is designed to reduce and prevent tobacco usage among at-risk youth between the ages of 12 and17 years who identify with hip-hop culture, specifically Asian American/Pacific Islander, Hispanic, and African American youth.
Influencing Market Trend
- Adoption of Various Anti-Smoking Initiatives and Campaigns in Order to Create Awareness Among People
- Increasing Number of New Product Launches in the Field of Nicotine Patch
- Technological Innovations in Transdermal Drug Delivery Process
Market Drivers
- Increase in Number of Population who Consume Nicotine
- Increase in Awareness About the Benefits of Using Nicotine Patches
- The Rising Health Concerns Coupled with the Inclination of Youngsters Towards Sports
- Self-Awareness Among the Users About the Adverse Effects that Smoking Causes To Their Body
Opportunities
- The Growing Awareness About the Benefits of Using Nicotine Patches in Developing Nations
- Increase in the Number of Organized Retailing Outlets that Provide Nicotine Patches
Restraints
- Availability of Substitutes in Market
- High Price Related to Nicotine Patches
Challenges
- Issues Related to the Side Effects of Nicotine Patches
Key Target Audience
Nicotine Patch Manufactures, Nicotine Patch Distributors, Pharmaceuticals, Government and Research Organizations, Associations and Industrial Bodies, Research and Consulting Firms and Others
Customization available in this Study:
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