Global Nicotine Patch Market 2024-2028
The nicotine patch market is forecasted to grow by USD 568.75 mn during 2023-2028, accelerating at a CAGR of 7.97% during the forecast period. The report on the nicotine patch market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing consumer awareness regarding nicotine patches, rising number of organized retail outlets distributing nicotine patches, and increasing number of people trying to quit smoking.
Technavio's nicotine patch market is segmented as below:
By Product
- 24-hour nicotine patch
- 16-hour nicotine patch
By Distribution Channel
By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the rising adoption of online retailing as one of the prime reasons driving the nicotine patch market growth during the next few years. Also, prominence of private-label brands and new marketing initiatives adopted by vendors will lead to sizable demand in the market.
The report on the nicotine patch market covers the following areas:
- Nicotine patch market sizing
- Nicotine patch market forecast
- Nicotine patch market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading nicotine patch market vendors that include Aroamas LLC., Boots UK Ltd., British American Tobacco Plc, Cipla Ltd., CVS Health Corp., Dr Reddys Laboratories Ltd., Haleon Plc, Johnson and Johnson, Kroger Co., Medline Industries LP, Perrigo Co. Plc, Pierre Fabre SA, Rite Aid Corp., Rusan Pharma Ltd., Sparsha Pharma International Pvt. Ltd., Swedish Match AB, Target Corp., Ubbs Nicotine Pouches, Walgreens Boots Alliance Inc., and GlaxoSmithKline Plc. Also, the nicotine patch market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.