Nicotine Transdermal Patches Market to see Rapid Growth by 2029

Nicotine transdermal patches market is anticipated to grow at a significant CAGR during the forecast period. 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.

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. 

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Market Coverage

The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029

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.

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

A full Report of Nicotine Transdermal Patches Market is Available @  https://www.omrglobal.com/industry-reports/nicotine-transdermal-patches-market

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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