Global Nicotine Replacement Therapy NRT Products Market by Type (Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets), By Application (Home, Hospital) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The global nicotine replacement therapy NRT products market is projected to be worth USD 13.8 billion by 2028, growing at a CAGR of 5.2% during the forecast period 2018-2028. The NRT products market in North America was valued at around USD 3.3 billion in 2017 and is expected to account for over 30% share of the global revenue by 2020 owing to the high prevalence of smoking, increasing number of smokers switching from cigarettes to other forms of tobacco consumption such as smokeless tobacco and e-cigarettes, rising government regulations on tobacco use coupled with higher spending power due to low unemployment rates among others factors are driving this region's growth.
Nicotine replacement therapy NRT products help to reduce cravings and withdrawal symptoms from the person who wants to quit smoking. NRT is a nicotine replacement therapy comprising of products that help smokers gradually reduce their dependence on tobacco, primarily by replacing the nicotine in cigarettes. NRTs are available as chewing gums, patches, and sprays which can be bought over-the-counter at pharmacies or online in some countries.
The use of these aids helps to prevent withdrawal symptoms and reduce the craving for cigarettes. NRTs are different from drugs that treat nicotine addiction, which is given as a treatment only to those who have failed with other methods of quitting smoking.
NRT products help smokers in three ways:
- Helping them to stop by reducing their cravings
- Reducing the risk of heart disease
- Lowering chances of a stroke or developing lung cancer
On the basis of type, the global nicotine replacement therapy NRT products market is segmented into Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets.
Sprays
This type of nicotine replacement therapy is applied to the mucous membranes in the mouth. They are usually available as solutions or suspensions, and they come with a manual pump that sprays them into your mouth This type has been found more effective than other types because it causes less nausea and does not require chewing/swallowing.
Inhalers
This type of nicotine replacement therapy is usually used as a last resort for smokers who cannot quit with the other types. They are more expensive than all the others because they contain a form of concentrated tobacco that has been dissolved in the water This type has shown to be effective, but it is also one of the most toxic types.
Chewing gums
This type of nicotine replacement therapy is available as a non-nicotine gum that helps smokers quit by providing the oral stimulation and satisfaction they need to curb cravings This type has shown to be effective because it provides such little amount of nicotine, which reduces its addictive power.
Transdermal patches
This type of nicotine replacement therapy is used by smoking adults who are addicted to cigarettes and need a way out. It releases the nicotine through the skin over time, which can be helpful in reducing withdrawal symptoms
Lozenges
These types of nicotine replacement therapies have shown that smokers find them more enjoyable because they provide an oral sensation The lozenges can be beneficial for smokers who have a hard time quitting because they offer an oral fix to help curb smoking urges The lozenge, however, contains more nicotine than the gum.
Sublingual Tablets
Sublingual tablets are a form of nicotine replacement therapy that is placed under the tongue and absorbed through mucous membranes. Unlike other forms of NRTs, this type does not require chewing or swallowing; it can be taken anytime throughout the day. This way smokers don't need to worry about setting time aside for use because they can take it anywhere. A sublingual tablet is a great option for smokers who are looking to feel the effects of nicotine but would like an alternative form than those offered by other NRTs such as gum, lozenges, or inhalers. The sublingual tablets can be beneficial because they provide quick relief and act quickly; coming in different doses they can be tailored to the smoker's needs.
On the basis of application, the global nicotine replacement therapy NRT products market is segmented into Home Application and Hospital Application.
The home application can be used to provide relief from nicotine withdrawal symptoms and for smoking cessation. Nicotine replacement therapy products are available in various forms such as inhalers, transdermal patches, chewing gums, lozenges, and sublingual tablets that dissolve under the tongue. On the basis of product type, it is segmented into Sprays, Inhalers, Chewing gums, and Transdermal patches. Hospital application of NRT products is being used for smoking cessation in the hospital setting.
On the basis of region, the global nicotine replacement therapy NRT products market is segmented into North America, Latin America, Europe, and the Asia Pacific. North America is the largest market for nicotine replacement therapy NRT products in terms of generating revenue from both home and hospital applications; whereas, the Asia-Pacific region has generated more revenue from hospital applications than any other region.
Growth Factors
The growth of the global nicotine replacement therapy NRT products market can be attributed to factors such as increased prevalence and incidence rates for tobacco use disorders across the globe coupled with government regulations on tobacco use across various regions.
The global nicotine replacement therapy NRT products market has been witnessing a steady rise in growth, owing to factors such as increased prevalence and incidence rates for tobacco use disorders across the globe coupled with government regulations on tobacco use across various regions.
Up Market Research published a new report titled “Nicotine Replacement Therapy NRT Products Market research report which is segmented by Types (Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets), By Applications (Home, Hospital), By Players/Companies Pfizer, Cipla, Novartis, GlaxoSmithKline, Takeda, McNeil, Revolymer, Imperial Tobacco, VMR products”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Scope
Report Attributes | Report Details |
Report Title | Nicotine Replacement Therapy NRT Products Market Research Report |
By Type | Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets |
By Application | Home, Hospital |
By Companies | Pfizer, Cipla, Novartis, GlaxoSmithKline, Takeda, McNeil, Revolymer, Imperial Tobacco, VMR products |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Nicotine Replacement Therapy NRT Products Market Report Segments:
The market is segmented by Type Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets and By Application Home, Hospital.
Some of the companies that are profiled in this report are:
- Pfizer
- Cipla
- Novartis
- GlaxoSmithKline
- Takeda
- McNeil
- Revolymer
- Imperial Tobacco
- VMR products
Nicotine Replacement Therapy NRT Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Nicotine Replacement Therapy NRT Products Market
Overview of the regional outlook of the Nicotine Replacement Therapy NRT Products Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Nicotine Replacement Therapy NRT Products Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Nicotine Replacement Therapy NRT Products Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. Sprays
2. Inhalers
3. Chewing gums
4. Transdermal patches
5. Lozenges
6. Sublingual tablets
7. By Application:1. Home
2. Hospital
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nicotine Replacement Therapy NRT Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Nicotine Replacement Therapy NRT Products Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nicotine Replacement Therapy NRT Products Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nicotine Replacement Therapy NRT Products Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nicotine Replacement Therapy NRT Products Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nicotine Replacement Therapy NRT Products Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nicotine Replacement Therapy NRT Products Market Size & Forecast, 2018-2028
4.5.1 Nicotine Replacement Therapy NRT Products Market Size and Y-o-Y Growth
4.5.2 Nicotine Replacement Therapy NRT Products Market Absolute $ Opportunity
Chapter 5 Global Nicotine Replacement Therapy NRT Products Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
5.2.1 Sprays
5.2.2 Inhalers
5.2.3 Chewing gums
5.2.4 Transdermal patches
5.2.5 Lozenges
5.2.6 Sublingual tablets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nicotine Replacement Therapy NRT Products Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
6.2.1 Home
6.2.2 Hospital
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nicotine Replacement Therapy NRT Products Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nicotine Replacement Therapy NRT Products Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Nicotine Replacement Therapy NRT Products Analysis and Forecast
9.1 Introduction
9.2 North America Nicotine Replacement Therapy NRT Products Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
9.6.1 Sprays
9.6.2 Inhalers
9.6.3 Chewing gums
9.6.4 Transdermal patches
9.6.5 Lozenges
9.6.6 Sublingual tablets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
9.10.1 Home
9.10.2 Hospital
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Nicotine Replacement Therapy NRT Products Analysis and Forecast
10.1 Introduction
10.2 Europe Nicotine Replacement Therapy NRT Products Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
10.6.1 Sprays
10.6.2 Inhalers
10.6.3 Chewing gums
10.6.4 Transdermal patches
10.6.5 Lozenges
10.6.6 Sublingual tablets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
10.10.1 Home
10.10.2 Hospital
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Nicotine Replacement Therapy NRT Products Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nicotine Replacement Therapy NRT Products Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
11.6.1 Sprays
11.6.2 Inhalers
11.6.3 Chewing gums
11.6.4 Transdermal patches
11.6.5 Lozenges
11.6.6 Sublingual tablets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
11.10.1 Home
11.10.2 Hospital
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Nicotine Replacement Therapy NRT Products Analysis and Forecast
12.1 Introduction
12.2 Latin America Nicotine Replacement Therapy NRT Products Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
12.6.1 Sprays
12.6.2 Inhalers
12.6.3 Chewing gums
12.6.4 Transdermal patches
12.6.5 Lozenges
12.6.6 Sublingual tablets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
12.10.1 Home
12.10.2 Hospital
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Nicotine Replacement Therapy NRT Products Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nicotine Replacement Therapy NRT Products Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Nicotine Replacement Therapy NRT Products Market Size Forecast by Type
13.6.1 Sprays
13.6.2 Inhalers
13.6.3 Chewing gums
13.6.4 Transdermal patches
13.6.5 Lozenges
13.6.6 Sublingual tablets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Nicotine Replacement Therapy NRT Products Market Size Forecast by Applications
13.10.1 Home
13.10.2 Hospital
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nicotine Replacement Therapy NRT Products Market: Competitive Dashboard
14.2 Global Nicotine Replacement Therapy NRT Products Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pfizer
14.3.2 Cipla
14.3.3 Novartis
14.3.4 GlaxoSmithKline
14.3.5 Takeda
14.3.6 McNeil
14.3.7 Revolymer
14.3.8 Imperial Tobacco
14.3.9 VMR products