he global nicotine patch market is anticipated to grow at a significant CAGR of 7.0% during the forecast period 2022-2028. The major factor attributed to the market growth is the increased awareness among people regarding smoking health hazards. Additionally, the major players in the global nicotine patch market are going for collaborations and mergers in order to develop new products and medications. For instance, in January 2021, Johnson & Johnson donated nicotine patches to help thousands of Jordanians quit smoking during COVID-19. Through its partnership with the Access Initiative for Quitting Tobacco (AIQT, Johnson & Johnson Consumer Health donated its first-ever contribution of nicotine replacement treatment to Jordan’s Ministry of Health). The donation, which has a retail value of almost US$ 800,000, is intended to help thousands of Jordanians and refugees quit smoking during and after the COVID-19 pandemic.
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Additionally, in April 2020, France banned the online sale of nicotine products and limited their sale in pharmacies, after researchers suggested that nicotine can play a role in protecting against coronavirus. The new rules covered products such as nicotine gum and patches, designed to help people stop smoking. The aim was to stop people from putting too much nicotine into their bodies, in the hope of protecting themselves against coronavirus, and also to protect the supply for people who need it.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Nicotine Patch Market Report Segment
By Product Type
- 24-Hour Nicotine Patch
- 16-Hour Nicotine Patch
By Application
- Hospitals & Clinics
- Individual Smokers
- Others
Global Nicotine Patch Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global nicotine patch market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market
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