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 2019 to 2026.
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.Growing consciousness amongst population towards various smoking health hazard and the rising adoption of innovative and new product launches are the two factors affecting the demand of the market.
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The male segment is dominating the market with the highest share of 39.90% in 2018
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.
24-hour Nicotine Patch segment dominated the market and valued around USD 601.03 Billion in 2018
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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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. The 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
The major players of market include Habitrol, GlaxoSmithKline plc, Yesmoke, McNeil (Johnson & Johnson), The Harvard Drug Group LLC., Revolymer, Novartis AG, Wal-Mart Stores Inc., Target Corp., Walgreen Co., and Cigna. 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
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