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According to the latest report by MarkNtel Advisors, titled “Global Nicotine Patch Market By Type (24-Hour Patch [7 mg, 14 mg, 21 mg], 16-Hour Patch [10 mg, 15 mg, 25 mg]), By Distribution Channel (Online, Offline [Hospital Pharmacy, Retail Pharmacy]), By End Users (Hospitals, Rehabilitation Centers, Homecare), The Global Nicotine Patch market is projected to grow at a CAGR of around 7.8% during the forecast period, i.e., 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2022
Forecast Period: 2023-28
Historical Data: 2018-21
CAGR (2023-2028): 7.8%
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Incidence of Side-effects to Hamper Market - With the growing incidence of side effects linked to the usage of nicotine patches, consumers have been observed to be hesitant in adopting these patches. The major factor causing the side effects is that the patches are directly in contact with the skin, which has been founded to cause skin irritation. Further, these patches have also been inducing effects like dizziness, muscle pain or stiffness, headache, sleeping problems, nausea, racing heartbeat, etc., among patients using them. In addition, they are suggested to be applied in controlled dosage, based on the number of cigarettes consumed by the patient in a day.
However, it has been noted that consumers across the globe found it difficult to identify the correct dosage for them, which leads to cases like overdose symptoms. And if an overdose of these patches occurs, it leads to dizziness, a fast heartbeat, nausea or vomiting, weakness, etc., imparting a negative effect on consumers’ health. Henceforth, with the inflated incidence of side effects, their adoption has been experiencing a negative impact & is anticipated to be a barrier for the market during the forecast period if not taken care of.
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-By Type
Among them, the 24-hour patch has experienced considerable demand in the Global Nicotine Patch market during the historical years.
-By End Users
Homecare has been one of the major end-users of nicotine patches during the historical years, owing to the rising awareness among consumers to quit smoking by themselves.
-By Distribution Channel
-By Region
Asia-Pacific has been observed to show significant development in the adoption of nicotine patches during the historical years.
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Nicotine Patch Market Share Nicotine Patch Market Growth Nicotine Patch Market Trends
