Global Nicotine Patch Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2026

As per the report published by Fior Markets , the global nicotine patch market is expected to grow from USD xx Million in 2018 to USD xx Million by 2026 at a CAGR of xx% during the forecast period from 2019-2026.North America is dominating the market owing to the high awareness levels of nicotine de-addiction products. The large market share is also due to the established healthcare infrastructure and the rising disposable income.

Nicotine Patch Market by Product Type (24-hour Nicotine Patch, 16-hour Nicotine Patch),End User (Male, Female),Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019to 2026.

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Leadersin the industry Habitrol, GlaxoSmithKline plc, Yesmoke, McNeil (Johnson & Johnson), The Harvard Drug Group LLC., Revolymer, Novartis AGamong otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in December 2017, Feb 2018 - Veeco Instruments Inc. announced that Lumentum Holdings Inc. has ordered the Veeco k475I MOCVD System for next-generation applications, including 3D Sensing, High-speed fiber-optic communications, and laser-based materials processing.

The end user segment is segmented into male and female. The male segment is dominating the market in 2018 asthe number of male smokers outnumbers females. Moreover, smoking cessation techniques are less effective for women than to men. Therefore, thenicotine patch is more often used by men than women. The product type segment is segmented into 24-hour Nicotine Patch and 16-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. Furthermore, the 24-hr patch is more effective than the 16-hr patch in reducing the positive reinforcing dimension of smoking urges. The 24-hr nicotine patch formulation is more effective than the 16-hr formulation in alleviating morning smoking urges and more specifically the positive reinforcing factor.

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Growing consciousness amongst population towards various smoking health hazard has stimulated the growth. The risingadoption of innovative and new product launches is another factor contributing to the market expansion. Various side effects associated with the use of nicotine patch may pose a major threat to the product. However, increase in demand for nicotine patch-based products in various countries has led vendors to continually launch innovative products to expand their customer basein coming years.

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