Nicotine Transdermal Patches Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2027

The global nicotine transdermal patches market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A nicotine patch is a medicine that supports people to quit smoking by slowly releasing small amounts of nicotine to curb cravings. They act as a replacement for cigarettes, cigars, and other nicotine-containing products. The major factor driving the demand for nicotine transdermal patches is the increasing R&D coupled with the rising awareness regarding smoking health issues among the population across the globe.

Moreover, the market is also growing due to the rising awareness regarding the benefits of using nicotine patches. Furthermore, the rising government initiatives and activities to reduce smoking is driving the growth of the market. For instance, in 2015, US Food and Drug Administration launched a fresh empire campaign. It was launched to prevent and reduce tobacco use among youths of age 12-17 years who are at high risk and who identify with hip-hop culture, specifically African American, Hispanic, and Asian American/ Pacific Islander youth. However, the growth of the market is hampered due to the side effects related to nicotine patches.

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Moreover, based on type, the market is segmented into 16-hour nicotine patches and 24-hour nicotine patches. The 24 hours nicotine patches segment is expected to hold a prominent share in the market owing to increasing demand as well as effectiveness to curb the urges and drawbacks related to smoking. Some major players in the market include GlaxoSmithKline plc, Johnson & Johnson Services, Inc., and Novartis International AG, among others.

Market Coverage

• The market number available for - 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

Segment Covered-

· By Type

· By Application

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape- GlaxoSmithKline plc, Johnson & Johnson Services, Inc., and Novartis International AG, among others.

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Global Nicotine Transdermal Patches Market Report by Segment

By Type

• 16-Hour Nicotine Patch

• 24-Hour Nicotine Patch

By Application

• Age Below 30

• Age 30-50

• Age Above 50

Global Nicotine Transdermal Patches Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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