Smoking Cessation and Nicotine De-Addiction Products Market By Product (Nicotine Replacement Therapy Products, Drug Therapy, E-cigarettes), By Form (Gum, Inhaler, Tablet, Others), By Distribution Channel (Hospital Pharmacies, Online Provider, Drug stores and Retail Pharmacies): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global smoking cessation and nicotine de-addiction products market was valued at $19,965.28million in 2021, and is estimated to reach $54,708.87 million by 2031, growing at a CAGR of 10.6% from 2022 to 2031.
Smoking cessation or nicotine de-addiction means the act of stopping tobacco use. Tobacco contains alkaloid compound called nicotine, which causes addiction toward cigarettes and other smoking products. The addiction is caused by releasing neurotransmitters such as glutamate, dopamine, and gamma-aminobutyric acid (GABA). Furthermore, cigarette and tobacco addicts can be better treated with smoking cessation products.
Major factors that drive growth of the smoking cessation and nicotine de-addiction products market is the rise in number of populations who are quitting smoking and ant-smoking initiatives and campaigns by various governments and private organizations . Furthermore, shift of adults toward e-cigarettes also serves as a growing factor for the market. The Centers for Disease Control and Prevention (CDC) stated that, 60.2% of youth who used tobacco products have stopped using all these products for one day or longer as they were willing to quit tobacco in 2021.
The World Health Organization (WHO) launched a year-long global campaign for World No Tobacco Day 2021, “Commit to Quit challenge and published more than 100 reasons to quit tobacco to mark start of the campaign. In addition, free initiatives by governments, increase in consciousness and education among young population and smokers, and approved smoking cessation drugs in the market are leveraging smoking cessation and nicotine de-addiction products market. However, high cost of therapies can lead to decrease in purchase of these products, which can ultimately hinder growth of the market.
Key market players are investing in research and development of innovative solutions and therapies for smoking cessation. One such innovation is e-cigarettes. Normal cigarettes consist 90% tobacco, which is increasing demand of e-cigarette that is a battery-powered device that generates an inhaled aerosol and have very less tobacco.
According to the Centers for Disease Control and Prevention (CDC), cigarette smoking also causes various chronic disease such as lung cancer and chronic obstructive pulmonary disease (COPD). As smoke consists of over 7000 chemicals, with over 70 chemicals known to cause cancer in humans, rise in number of chronic ailments propel major companies to introduce innovative nicotine replacement therapy products further driving demand for nicotine replacement therapy products.
The global smoking cessation and nicotine de-addiction products market is segmented on the basis of product, form, distribution channel, and region. On the basis of product, the market is categorized into nicotine replacement therapy products, drug therapy, and e-cigarettes. The nicotine replacement therapy segment is further divided into nicotine lozenges, nicotine gums, nicotine sprays, and nicotine inhalers. By form, the market is divided into gum, inhalers, tablets, and others. By distribution channel, it is segmented into hospital pharmacies, online providers, and drug stores and retail pharmacies. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
Major players profiled in the report are British American Tobacco Inc., 22nd Century group Inc., Cipla Ltd., Dr. Reddy’s Laboratories Ltd, GlaxoSmithKline PLC (Haleon), Imperial Brands Plc. (Fontem Ventures), Johnson and Johnson (McNeil Consumer Health), Njoy Company, Pfizer Inc., Perrigo Company Plc., Rusan Pharma, and Zydus Cadila.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the smoking cessation and nicotine de-addiction products market analysis from 2021 to 2031 to identify the prevailing smoking cessation and nicotine de-addiction products market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the smoking cessation and nicotine de-addiction products market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global smoking cessation and nicotine de-addiction products market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product
Nicotine Replacement Therapy Products
Type
Nicotine Lozenges
Nicotine Gums
Nicotine Sprays
Nicotine Inhalers
Drug Therapy
E-cigarettes
By Form
Gum
Inhaler
Tablet
Others
By Distribution Channel
Hospital Pharmacies
Online Provider
Drug stores and Retail Pharmacies
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest Of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest Of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest Of LAMEA
Key Market Players
British American Tobacco Plc
22nd Century group Inc.
Cipla Ltd.
Dr. Reddy’s Laboratories Ltd.
GlaxoSmithKline Plc.
Imperial Brands Plc.
Johnson and Johnson Inc
Njoy Company
Perrigo Company Plc.
Pfizer Inc.
Zydus Cadila, Inc.
Rusan Pharma Ltd
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