June 17, 2024

Global Nicotine Replacement Therapy Market is Estimated to Witness High Growth Owing to Rising Awareness Regarding Smoking Cessation Benefits

Nicotine replacement therapy involves products such as patches, gums, lozenges, inhalers and nasal sprays that help people stop smoking by providing controlled doses of nicotine without many of the harmful components associated with tobacco smoke. These products are used to gradually wean smokers off their nicotine addiction.

Market Dynamics:

The Global Nicotine Replacement Therapy Market is primarily driven by the rising awareness regarding the various health benefits of smoking cessation. Stopping smoking reduces the risk of several diseases and premature deaths. According to a study by the Centers for Disease Control and Prevention, smoking causes around one in five death each year in the United States. Quitting smoking reduces cancer risk substantially. In addition, expanding healthcare coverage for smoking cessation therapies globally is also expected to fuel market growth over the forecast period. Government regulations banning smoking in public places are further encouraging smokers to quit.

Major Driver Rising Global Prevalence of Tobacco Use and Smoking

The global nicotine replacement therapy market is primarily driven by the rising prevalence of tobacco use and smoking around the world. Tobacco use is one of the major causes of preventable deaths globally, killing over 8 million people each year according to the WHO. The number of smokers worldwide is increasing at an alarming rate, with over 1.1 billion people smoking tobacco regularly as of 2018. The growing consumption of cigarettes and other tobacco products has led to a rise in smoking-related illnesses like lung cancer, heart disease, and respiratory infections. This has heightened health awareness among people and boosted the demand for smoking cessation therapies like nicotine gums, patches, lozenges, and e-cigarettes. Manufacturers are launching innovative products with improved delivery methods and efficacy rates to attract more users and help them stop smoking successfully.

Major Driver : Increasing Government Initiatives to Curb Tobacco Addiction

Governments across countries have been implementing stringent regulations and programs to curb tobacco use and encourage people to quit smoking. This includes raising awareness about the health risks, enforcing graphic warnings and plain packaging on cigarette packs, banning indoor smoking in public places, and increasing taxes on tobacco products. Some nations have made efforts to make their countries smoke-free by 2025. Government investments in smoking cessation programs that promote nicotine replacement therapies (NRT) like distribution of free nicotine patches and gums are helping more individuals to overcome their addiction. Support in the form of reimbursement policies for NRT products under public health insurance schemes has further boosted the market for these substitutes.

Major Restrain: Ineffectiveness and Side Effects of Some NRT Products

One of the key challenges faced by the nicotine replacement therapy industry is the ineffectiveness and potential side effects associated with some products. For instance, nicotine gums and lozenges often fail to satisfy the hand-to-mouth habit of smokers, making them switch back to cigarettes. The dosing mechanism of transdermal patches is less satisfactory compared to inhaling smoke and results in nausea, headaches and irritability in some users. E-cigarettes containing lesser amounts of nicotine have not proven as effective as conventional ones in helping people quit long-term. Concerns have also been raised regarding their safety with cases of explosions and risks of toxicity from the e-liquid. Such issues continue to limit wider consumer acceptance and adoption of certain NRT categories.

Major Opportunity: Development of Novel Delivery Formats

The global NRT market sees tremendous scope for growth through the development of novel and user-friendly delivery formats that provide the satisfaction of smoking without its harmful effects. Companies are investing in R&D to introduce more efficacious products mimicking the sensory experience of cigarettes. Novel formats under research include dissolvable nicotine strips, nicotine mouth sprays, inhalers, and lozenges containing tobacco extracts. Technology advancements are enabling easier customization of nicotine doses for individual needs. Nasal sprays and aerosols capable of delivering nicotine fast like cigarettes hold promise. Combination NRT involving the strengths of multiple modalities is another area garnering attention. If proven safe and effective through clinical testing, these emerging alternatives can help address current product shortcomings and attract first-time quitters on a large scale.

Major Trend: Shift Towards E-cigarettes and HEETS As Alternative

One of the key trends observed in the nicotine replacement therapy market is the shifting preference towards electronic vapor products and heated tobacco systems as healthier substitutes to cigarettes. E-cigarettes that vaporize nicotine-containing liquid without burning allow a similar hand-mouth motions of smoking. They are often perceived as less risky than combustible ones by users seeking to quit gradually. Global e-cigarette sales have been rising exponentially amid growing acceptance in several countries. Manufacturers are also launching novel tobacco heating products that apply heat to generate inhalable nicotine vapor without the smoke and ash of regular cigarettes. British American Tobacco’s HEETS and Philip Morris’ IQOS are examples witnessing commercial success as easy-to-use smoke-free alternatives. Such reduced risk products can support complete smoking cessation in the long run.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it