The global “Nicotine Replacement Therapy Market” is expected to gain momentum by exhibiting a CAGR of 4.2% between 2020 and 2027. This is attributable to increasing incidence of chronic disease such as lung cancer, strokes, and respiratory ailments. Additionally, introduction of innovative products by major companies will favor market growth. This information is published by Fortune Business Insights, in its latest report, titled, “Nicotine Replacement Therapy (NRT) Market Size, Share &COVID-19 Impact Analysis, By Type (Gums, Patches, Lozenges, Inhalers, and Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), and Regional Forecast, 2020-2027.”The report further observes that the market was valued at USD 2.55 billion in 2019 and is projected to reach USD 3.54 billion by 2027.

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DRIVING FACTORS

Increasing Incidence of Chronic Disease to Bolster Growth

According to the Center for Disease Control and Prevention (CDC), smoking cigarettes leads to over 80% to 90% of lung cancer deaths every year in the United States. Tobacco smoke consists of over 7000 chemicals, with over 70 chemicals known to cause cancer in humans. Furthermore, the increasing incidence of chronic ailments is propelling the major companies to introduce innovative nicotine replacement therapy products that aid in to curb the urge to smoke in the people. The growing tobacco addiction in the youth is further driving the demand for the NTR products that will bode well for the growth of the global nicotine replacement therapy market during the forecast period.

COMPETITIVE LANDSCAPE

Product Launches by Major Companies to Strengthen Market Position

The global nicotine replacement therapy market report observes that major companies such as GlaxoSmithKline plc and Johnson & Johnson Inc hold over 80% of the total share and are constantly focusing on consolidating their positions by introducing novel nicotine replacement therapy products in the global marketplace. Additionally, other players in the market are striving to strengthen their position by adopting strategies such as collaboration, merger and acquisition, and introduction of new products during the forecast period.

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INDUSTRY DEVELOPMENT:

  • June 2020: Taat Herb Co., a flagship brand of Taat Lifestyles, announced the launch of its new hemp cigarettes from the Taat stable. According to the company, the new product dramatically replicates the exact experience of smoking a traditional cigarette and contains 50mg of cannabidiol(CBD) that is effective in reducing tobacco dependency.

Global Nicotine Replacement Therapy (NRT) Market Segmentation :

By Type

  • Gums
  • Patches
  • Lozenges
  • Inhalers
  • Others

By Distribution Channel

  • Hospital Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

By Geography

  • North America
    • By Type
    • By Distribution Channel
    • By Country

List of the Companies Operating in the Market:

  • GlaxoSmithKline plc (U.K, Europe)
  • Johnson & Johnson Inc (New Jersey, U.S)
  • Perrigo Company plc (Ireland, Europe)
  • Pierre Fabre SA, Laboratories (France, Europe)
  • Pfizer Inc. (New York, United States)
  • Cipla Limited (Mumbai, India)
  • British American Tobacco Plc (U.K, Europe)
  • Other Players

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Table of Content:

1 Nicotine Replacement Therapy Market Overview

1.1 Nicotine Replacement Therapy Product Overview

1.2 Nicotine Replacement Therapy Market Segment by Type

1.3 Global Nicotine Replacement Therapy Market Size by Type (2015-2027)

1.3.1 Global Nicotine Replacement Therapy Market Size Overview by Type (2015-2027)

1.3.2 Global Nicotine Replacement Therapy Historic Market Size Review by Type (2015-2021)

1.3.2.1 Global Nicotine Replacement Therapy Sales Market Share Breakdown by Type (2015-2027)

1.3.2.2 Global Nicotine Replacement Therapy Market Share Breakdown by Type (2015-2027)

1.3.2.3 Global Nicotine Replacement Therapy Average Selling Price (ASP) by Type (2015-2027)

1.3.3 Global Nicotine Replacement Therapy Market Size Forecast by Type (2021-2027)

1.3.3.1 Global Nicotine Replacement Therapy Sales Market Share Breakdown by Application (2021-2027)

1.3.3.2 Global Nicotine Replacement Therapy Revenue Market Share Breakdown by Application (2021-2027)

1.3.3.3 Global Nicotine Replacement Therapy Average Selling Price (ASP) by Application (2021-2027)

1.4 Key Regions Market Size Segment by Type (2015-2021)

1.4.1 North America Nicotine Replacement Therapy Sales Breakdown by Type (2015-2027)

1.4.2 Europe Nicotine Replacement Therapy Sales Breakdown by Type (2015-2027)

1.4.3 Asia-Pacific Nicotine Replacement Therapy Sales Breakdown by Type (2015-2027)

1.4.4 Latin America Nicotine Replacement Therapy Sales Breakdown by Type (2015-2027)

1.4.5 Middle East and Africa Nicotine Replacement Therapy Sales Breakdown by Type (2015-2027)

2 Global Nicotine Replacement Therapy Market Competition by Company

2.1 Global Top Players by Nicotine Replacement Therapy Sales (2015-2021)

2.2 Global Top Players by Nicotine Replacement Therapy Revenue (2015-2021)

2.3 Global Top Players Nicotine Replacement Therapy Average Selling Price (ASP) (2015-2021)

2.4 Global Top Company Nicotine Replacement Therapy Manufacturing Base Distribution, Sales Area, Product Type

2.5 Nicotine Replacement Therapy Market Competitive Situation and Trends

2.5.1 Nicotine Replacement Therapy Market Growth Rate (2015-2021)

2.5.2 Global 5 and 10 Largest Company by Nicotine Replacement Therapy Sales and Revenue in 2019

2.6 Global Top Company by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Nicotine Replacement Therapy as of 2019)

2.7 Date of Key Company Enter into Nicotine Replacement Therapy Market

2.8 Key Company Nicotine Replacement Therapy Product Offered

2.9 Mergers and Acquisitions, Expansion

3 Global Nicotine Replacement Therapy Status and Outlook by Region (2015-2027)

3.1 Global Nicotine Replacement Therapy Market Size and CAGR by Region: 2015 VS 2021 VS 2027

3.2 Global Nicotine Replacement Therapy Market Size Market Share by Region (2015-2021)

3.2.1 Global Nicotine Replacement Therapy Sales Market Share by Region (2015-2021)

3.2.2 Global Nicotine Replacement Therapy Revenue Market Share by Region (2015-2021)

3.2.3 Global Nicotine Replacement Therapy Sales, Revenue, Price and Gross Margin (2015-2021)

3.3 Global Nicotine Replacement Therapy Market Size Market Share by Region (2021-2027)

3.3.1 Global Nicotine Replacement Therapy Sales Market Share by Region (2021-2027)

3.3.2 Global Nicotine Replacement Therapy Revenue Market Share by Region (2021-2027)

3.3.3 Global Nicotine Replacement Therapy Sales, Revenue, Price and Gross Margin (2021-2027)

3.4 North America Nicotine Replacement Therapy Market Size By Growth (2015-2027)

3.4.1 North America Nicotine Replacement Therapy Revenue By Growth (2015-2027)

3.4.2 North America Nicotine Replacement Therapy Sales By Growth (2015-2027)

3.5 Asia-Pacific Nicotine Replacement Therapy Market Size By Growth (2015-2027)

3.5.1 Asia-Pacific Nicotine Replacement Therapy Revenue By Growth (2015-2027)

3.5.2 Asia-Pacific Nicotine Replacement Therapy Sales By Growth (2015-2027)

3.6 Europe Nicotine Replacement Therapy Market Size By Growth (2015-2027)

3.6.1 Europe Nicotine Replacement Therapy Revenue By Growth (2015-2027)

3.6.2 Europe Nicotine Replacement Therapy Sales By Growth (2015-2027)

3.7 Latin America Nicotine Replacement Therapy Market Size By Growth (2015-2027)

3.7.1 Latin America Nicotine Replacement Therapy Revenue By Growth (2015-2027)

3.7.2 Latin America Nicotine Replacement Therapy Sales By Growth (2015-2027)

3.8 Middle East and Africa Nicotine Replacement Therapy Market Size By Growth (2015-2027)

3.8.1 Middle East and Africa Nicotine Replacement Therapy Revenue By Growth (2015-2027)

3.8.2 Middle East and Africa Nicotine Replacement Therapy Sales By Growth (2015-2027)

4 Global Nicotine Replacement Therapy by Application

4.1 Nicotine Replacement Therapy Segment by Application

4.1.1 Residential

4.1.2 Commercial

4.2 Global Nicotine Replacement Therapy Sales by Application: 2015 VS 2021 VS 2027

4.3 Global Nicotine Replacement Therapy Historic Sales by Application (2015-2021)

4.4 Global Nicotine Replacement Therapy Forecasted Sales by Application (2021-2027)

4.5 Key Regions Nicotine Replacement Therapy Market Size by Application

4.5.1 North America Nicotine Replacement Therapy by Application

4.5.2 Europe Nicotine Replacement Therapy by Application

4.5.3 Asia-Pacific Nicotine Replacement Therapy by Application

4.5.4 Latin America Nicotine Replacement Therapy by Application

4.5.5 Middle East and Africa Nicotine Replacement Therapy by Application

5 North America Nicotine Replacement Therapy Market Size by Country (2015-2027)

5.1 North America Market Size Market Share by Country (2015-2021)

5.1.1 North America Nicotine Replacement Therapy Sales Market Share by Country (2015-2021)

5.1.2 North America Nicotine Replacement Therapy Revenue Market Share by Country (2015-2021)

5.2 North America Market Size Market Share by Country (2021-2027)

5.2.1 North America Nicotine Replacement Therapy Sales Market Share by Country (2021-2027)

5.2.2 North America Nicotine Replacement Therapy Revenue Market Share by Country (2021-2027)

5.3 North America Market Size By Growth by Country

5.3.1 U.S. Nicotine Replacement Therapy Market Size By Growth (2015-2027)

5.3.2 Canada Nicotine Replacement Therapy Market Size By Growth (2015-2027)

6 Europe Nicotine Replacement Therapy Market Size by Country (2015-2027)

6.1 Europe Market Size Market Share by Country (2015-2021)

6.1.1 Europe Nicotine Replacement Therapy Sales Market Share by Country (2015-2021)

6.1.2 Europe Nicotine Replacement Therapy Revenue Market Share by Country (2015-2021)

6.2 Europe Market Size Market Share by Country (2021-2027)

6.2.1 Europe Nicotine Replacement Therapy Sales Market Share by Country (2021-2027)

6.2.2 Europe Nicotine Replacement Therapy Revenue Market Share by Country (2021-2027)

6.3 Europe Market Size By Growth by Country

6.3.1 Germany Nicotine Replacement Therapy Market Size By Growth (2015-2027)

6.3.2 France Nicotine Replacement Therapy Market Size By Growth (2015-2027)

6.3.3 U.K. Nicotine Replacement Therapy Market Size By Growth (2015-2027)

6.3.4 Italy Nicotine Replacement Therapy Market Size By Growth (2015-2027)

6.3.5 Russia Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7 Asia-Pacific Nicotine Replacement Therapy Market Size by Country (2015-2027)

7.1 Asia-Pacific Market Size Market Share by Country (2015-2021)

7.1.1 Asia-Pacific Nicotine Replacement Therapy Sales Market Share by Country (2015-2021)

7.1.2 Asia-Pacific Nicotine Replacement Therapy Revenue Market Share by Country (2015-2021)

7.2 Asia-Pacific Market Size Market Share by Country (2021-2027)

7.2.1 Asia-Pacific Nicotine Replacement Therapy Sales Market Share by Country (2021-2027)

7.2.2 Asia-Pacific Nicotine Replacement Therapy Revenue Market Share by Country (2021-2027)

7.3 Asia-Pacific Market Size By Growth by Country

7.3.1 China Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.2 Japan Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.3 South Korea Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.4 India Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.5 Australia Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.6 Taiwan Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.7 Indonesia Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.8 Thailand Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.9 Malaysia Nicotine Replacement Therapy Market Size By Growth (2015-2027)

7.3.10 Philippines Nicotine Replacement Therapy Market Size By Growth (2015-2027)

Toc Continue…

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