The global nicotine patch market is anticipated to grow at a significant CAGR of 7.0% during the forecast period 2022-2028. The major factor driving market expansion is increased knowledge of the benefits of utilising nicotine patches. Nicotine is beneficial to persons who want to quit smoking for health reasons. According to the National Center for Biotechnology Information, using nicotine patches regularly can double the number of people who quit smoking. In a clinical trial of 500 patients, 13% of those who used nicotine patches successfully stopped smoking. These patches also help smokers enhance their coordination, response time, and attentiveness, as well as their short-term memory. Furthermore, the growing number of advertising programmes and activities for smoking cessation aids is one of the primary drivers of the nicotine patch market. Additionally, to raise awareness, organisations are launching and conducting anti-smoking programmes and initiatives. Smoking cessation aids such as nicotine patches, e-cigarettes, and vaping devices are gaining popularity among consumers, which is anticipated to drive market growth during the forecast period.

Impact of Covid-19 on Global Nicotine Patch Market

The sudden emergence of the COVID-19 prompted the installation of strict lockdown measures in some countries, causing a substantial influence on the global nicotine patch market. Due to the lockdown, people were bound to stay at their homes and people saw this as an opportunity to quit smoking. The nicotine patches were in huge demand during the lockdown, which helped the market to grow. Additionally, some studies showed that the use of nicotine could help prevent covid-19 infection as active smokers were infrequent in showing cases of covid-19. Overall, the global nicotine patch market saw a significant rise after covid-19 due to the increased usage of nicotine patches among people.

Segmental Outlook

The global nicotine patch market is segmented based on product type and application. Based on the product type, the market is sub-segmented into 24-hour nicotine patch and 16-hour nicotine patch. Based on application, the market is sub-segmented into hospitals & clinics, individual smokers, and others. The segments mentioned above can be customized as per requirements. The 24-hour nicotine patch segment is anticipated to hold a prominent share in the market during the forecast period due to the rising demand for 24-hour nicotine patch variants such as 21 mg, 14 mg, and 7 mg.  The 24-hour patch is more successful in reducing smoking urges' positive reinforcing component. In terms of reducing morning smoking desires and, more specifically, the positive reinforcing component, the 24-hour nicotine patch formulation outperforms the 16-hour version.

Global Nicotine Patch Market Share by Disease Type, 2021 (%) 

The 24-Hour Nicotine Patch Segment is Anticipated to Hold a Prominent Share in the Global Nicotine Patch Market

The 24-hour nicotine patch segment is anticipated to hold the largest share in the market due to its increased efficiency in suppressing the morning urges for smoking. The 24-hour nicotine patch is available in different variants such as 21mg, 14mg, and 7mg which makes it more convenient for people to choose according to their needs. Additionally, the individual smoker segment also contributes to the market share as nicotine patches are directly purchased by individuals from retail medical shops rather than hospitals and clinics. This helps the market to grow in a significant way as more and more people gain access to these patches.

Regional Outlooks

The global nicotine patch market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can be analyzed for a particular region or country level as per the requirement. During the projection period, North America is expected to see significant market expansion. North America region is anticipated to hold a lucrative market share owing to the high awareness levels of nicotine de-addiction products coupled with established healthcare infrastructure and the rising disposable income.

Global Nicotine Patch Market Growth, by Region 2022-2028 

The Asia-Pacific Region is Estimated to Hold the Major Share in the Global Nicotine Patch Market

The Asia-Pacific region is expected to hold a significant share in the global nicotine patch market due to the rising awareness among people regarding hazardous health issues caused by smoking. The Asia Pacific region is expected to grow rapidly as people become more aware of the negative impacts and diseases caused by smoking, healthcare infrastructure improves, and governments take more initiative by enacting new legislation. As a result of this trend, vendors are concentrating their efforts on launching new items regularly and expanding their customer base in the Asia Pacific area.

Market Players Outlook

GlaxoSmithKline PLC, Novartis International AG, Dr Reddy’s Laboratories Ltd., and Walgreen Co. among others, are some of the leading participants in the global nicotine patch market industry. To increase market share around the world, these companies are using a variety of techniques, including mergers and acquisitions, product launches, geographic expansion and collaboration, and partnership. For instance, in August 2020, CureApp Inc. received regulatory approval from the Ministry of Health, Labour and Welfare (MHLW).  for the manufacturing and distribution of Asia's first therapeutics app, the "CureApp SC Nicotine Addiction Treatment App and CO Checker".  CureApp SC is an outpatient smoking cessation gadget that requires a prescription. People who are trying to quit smoking at home can use the device. The product consists of three parts: a patient app, a doctor app, and a portable CO Checker.

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