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Nicotine Replacement Therapy Market Trends

  • Report ID: GMI7725
  • Published Date: Dec 2023
  • Report Format: PDF

Nicotine Replacement Therapy Market Trends

  • Smoking is a well-established risk factor for various types of cancer, including lung, throat, and pancreatic cancer. For instance, according to the Centers for Disease Control and Prevention (CDCP), in 2023, cigarette smoking is considered as number one risk factor for lung cancer, and has been linked to about 80% to 90% of lung cancer deaths in the U.S. alone. Similarly, as per the American Cancer Society Journal, 1,03,371 cases of lung cancer were diagnosed in 2022 in the U.S. Thus, as awareness of the link between tobacco use and cancer grows, individuals are increasingly motivated to quit smoking to improve their treatment outcomes and overall health.
     
  • Additionally, cancer treatment centers and healthcare institutions offer smoking cessation programs specifically designed for individuals diagnosed with cancer. Nicotine replacement therapy play a crucial role in these programs to help patients quit smoking before or after their cancer diagnosis.
     

However, side effects may lead to reduced patient compliance and adherence to NRT regimens. If individuals experience discomfort or undesirable effects, they may be less likely to continue using NRT products as recommended.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Nicotine replacement therapy industry size was USD 3.1 billion in 2023 and is estimated to reach USD 6.2 billion by 2032 due to the increasing cases of cancer globally, rising smoking cessation initiatives, and the growing health awareness & education

The gums product type segment held 49.7% share of the market in 2023 owing to their ability to manage withdrawal symptoms in a controlled manner.

The oral route of administration segment recorded USD 2.3 billion in revenue in 2023 and will foresee significant expansion between 2024 and 2032 as they are easy to use, allowing individuals to manage cravings in various situations.

North America held 48.4% of the global nicotine replacement therapy market share in 2023 owing to the strong awareness of the health risks associated with smoking in the region

Nicotine Replacement Therapy Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 263
  • Countries covered: 19
  • Pages: 180
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