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 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.
Browse the full report of " Global Nicotine Patch Market Size, Share, and Trends Analysis Report by Product Type (24-Hour Nicotine Patch and 16-Hour Nicotine Patch) and by Application (Hospitals & Clinics, Individual Smokers, and Others) Forecast 2022-2028" at https://www.omrglobal.com/industry-reports/nicotine-patch-market
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.
Further, in April 2019, according to new evidence published in the Cochrane Library, people who use a combination of nicotine replacement therapies (a patch plus a short-acting form, such as gum or lozenge) are more likely to successfully quit smoking than people who use a single form of the medicine.
Market Coverage
Segment Covered-
Regions Covered-
Competitive Landscape - including, Cigna Corp., Dr Reddy’s Laboratories Ltd., Johnson & Johnson Services, Inc., Novartis International AG, and GlaxoSmithKline PLC among others
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Nicotine Patch Market Report Segment
By Product Type
By Application
Global Nicotine Patch Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World