Nicotine Replacement Therapy (NRT) Products Market to Grow at a Robust Pace During 2021-2026
The Nicotine Replacement Therapy (NRT) Products Market is segmented by Type (Sprays, Inhalers, Chewing gums, Transdermal patches, Lozenges, Sublingual tablets), Application (Home, Hospital), and Region (North America, Europe, Asia-Pacific, and the Rest of the World). The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
What is Nicotine Replacement Therapy (NRT)?
Nicotine replacement therapy is a type of therapy used to treat people with tobacco use disorder by taking nicotine by means other than tobacco. This therapy helps with quitting smoking or stopping chewing tobacco. It increases the chance of quitting tobacco smoking by about 55%. The different nicotine replacement therapy products include sprays, inhalers, chewing gums, and transdermal patches among others.
Segment Analysis
Application Type
The market has been bifurcated into homes and hospitals. Under these, the home segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing consumption of nicotine replacement therapy products across households.
Regional Type
The market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The segment growth is primarily attributed to the presence of a large number of smokers coupled with the presence of various tobacco manufacturers. The market growth in the North American region is expected to be driven by the increasing prevalence of smoking-related health disorders.
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