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Global Smoking Cessation and Nicotine De-addiction Products Market to Register 8.70% CAGR till 2019 due to Aggressive Anti-smoking Campaigns

Posted on Jan 15, 2016

Transparency Market Research, a global market intelligence firm has recently announced the publication of a new market research report. The research report, titled “Smoking Cessation and Nicotine De-addiction Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, provides a complete analysis of the global smoking cessation and nicotine de-addiction products market.According to the research report, in 2012, the global smoking cessation and nicotine de-addiction products market was worth US$5.1 bn and is anticipated to reach US$16.02 bn by 2019, exhibiting a healthy 8.70% CAGR between 2013 and 2019. The report has made use of graphics, tables, and charts to represent historical data and forecast figures.

Browse the full Smoking Cessation and Nicotine De-addiction Products Market (Nicotine Gums, Patches, Lozenges, Inhalers, Sprays, Sublingual Tablets, Zyban, Chantix/Champix, E-cigarettes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023report at http://www.transparencymarketresearch.com/smoking-cessation-nicotine-de-addiction-products.html

Government intervention to promote tobacco de-addiction, a growing awareness regarding the health hazards of smoking, the launch of new smoking cessation products, and reimbursement now being granted for smoking cessation therapy are some of the major factors boosting the demand for smoking cessation and nicotine de-addiction products throughout the forecast period of the report. However, limited knowledge about smoking cessation products in developing countries and legal mandates are expected to hamper the growth of this market.

On the basis of products, the global smoking cessation and nicotine de-addiction products market has been segmented into drug therapy, nicotine replacement therapy products, nicotine inhalers, e-cigarettes, and nicotine sublingual tablets. The nicotine replacement therapy products have been sub-segmented into nicotine sprays, nicotine gums, nicotine transdermal patches, and nicotine lozenges. Excluding nasal sprays and nicotine inhalers, which require a prescription, all of these products can be purchased over-the-counter. Nicotine gums are the oldest products on the global market and hold a share of 38% in the overall nicotine replacement therapy products market. The nicotine lozenges segment is projected to witness fast growth due to their low cost, convenient use, and easy availability.

The research study has further divided the global smoking cessation and nicotine de-addiction products market on the basis of geography into Asia Pacific, North America, Europe, and Rest of the World. Among these regions, North America leads this market followed by Europe. Further, Asia Pacific and Rest of the World have been considered as the most lucrative markets through the report’s forecast period. Rising awareness among consumers regarding cigarette substitutes has been growing significantly, resulting in a high demand for smoking cessation and nicotine de-addiction products in these regions. Unaddressed market requirements, lack of strong market players, reasonably lenient rules and regulations, and increasing per capita income are some of the major factors that have made the Asia Pacific smoking cessation and nicotine de-addiction products market attractive.

In the last section, the research report talks about the competitive landscape of this market. It provides a detailed study of the prominent players operating in the global smoking cessation and nicotine de-addiction products market through a company overview, business strategies, financial overview, and recent development in the industry. The major players mentioned in the report are Johnson & Johnson, Novartis, Cipla, and GlaxoSmithKline.

Key segments of the Global Smoking Cessation and Nicotine De-addiction Products Market

Global Smoking Cessation and Nicotine De-addiction Products Market, by Product

  • Nicotine Replacement Therapy Products
  • Nicotine Gums
  • Nicotine Lozenges
  • Nicotine Sprays
  • Nicotine Inhalers
  • Nicotine Sublingual Tablets
  • E-cigarettes
  • Drug Therapy

Global Smoking Cessation and Nicotine De-addiction Products Market, by Geography

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

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