Europe Nicotine Replacement Therapy Market Size & Outlook
Europe nicotine replacement therapy market, 2018-2030 (US$M)
Europe nicotine replacement therapy market highlights
- The Europe nicotine replacement therapy market generated a revenue of USD 19,313.2 million in 2023.
- The market is expected to grow at a CAGR of 16.1% from 2024 to 2030.
- In terms of segment, nicotine replacement therapy was the largest revenue generating product in 2023.
- Nicotine Replacement Therapy is the most lucrative product segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 19,313.2 million |
| Market revenue in 2030 | USD 54,789.1 million |
| Growth rate | 16.1% (CAGR from 2023 to 2030) |
| Largest segment | Nicotine replacement therapy |
| Fastest growing segment | Nicotine Replacement Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Nicotine Replacement Therapy |
| Key market players worldwide | Cipla Ltd DR, Pfizer Inc, Philip Morris International Inc, British American Tobacco, Japan Tobacco Inc, Imperial Brands PLC, Johnson & Johnson |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.9% of the global nicotine replacement therapy market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 99,743.2 million by 2030.
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Nicotine Replacement Therapy Market Scope
Nicotine Replacement Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe nicotine replacement therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to nicotine replacement therapy market will help companies and investors design strategic landscapes.
Nicotine replacement therapy was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe nicotine replacement therapy market based on nicotine replacement therapy covering the revenue growth of each sub-segment from 2018 to 2030.
The financial burden of diseases associated with smoking, such as lung cancer & cardiovascular risks, as well as increasing investments in development of treatments are expected to drive the market in Europe.
The increased undertaking of strategic initiatives such as expansions and growth in investments for consumer awareness are some of the other high-impact rendering drivers of the nicotine replacement therapy market in Europe.
The increasing adoption of tobacco alternatives and government initiatives for the awareness campaigns to educate people about the long-term smoking effects are factors further contributing to market growth. Favorable regulatory policies encouraging manufacturers to develop and introduce alternatives in the region may continue to drive the market in the near future.
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Target buyers of Europe nicotine replacement therapy market databook
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Our clientele includes a mix of nicotine replacement therapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe nicotine replacement therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Europe nicotine replacement therapy market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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