Smoking Cessation and Nicotine De-addiction Products Market

GLOBAL SMOKING CESSATION AND
NICOTINE DE-ADDICTION
PRODUCTS MARKET
INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND
OPPORTUNITY ANALYSIS, 2016–2024
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REPORT DESCRIPTION
Smoking Cessation and Nicotine De-addiction Products Market : Overview
As the name suggests, smoking cessation and nicotine de-addiction products help smokers
and other tobacco users overcome their addiction. Smoking cessation products and nicotine
de-addiction products work in the form of gap fillers or as urge controllers to the actual
nicotine and tobacco, which does relatively less harm to the body and helps diminish the
powerful urge for smoking or consuming other tobacco products. Such products are in the
form of chewable gums, lozenges, patches and e-cigarettes. E-cigarettes are the latest
innovation, which can potentially replace cigarettes and favor the growth in smoking
cessation and nicotine de-addiction products market over the forecast period (2016–2024).
Smoking Cessation and Nicotine De-addiction Products Market : Market Taxonomy
This report segments the global smoking cessation and nicotine de-addiction products
market on the basis of product type, distribution channel and geography. On the basis of
product type, the market is categorized into nicotine replacement therapy, drugs and ecigarettes. Nicotine replacement therapy is further divided into OTC and prescription, which
consists further sub type as nicotine spray, nicotine inhalers, nicotine gum and nicotine
transdermal patches included in OTC and nicotine sublingual tablets and nicotine lozenges
included in prescription. The Nicotine therapy includes a sub-type as drug therapy, which
further includes prescription drugs named as varenicline and zyban further the e-cigarettes
are divided into three subtypes such as modular, disposable and rechargeable.
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REPORT DESCRIPTION
Smoking Cessation and Nicotine De-addiction Products Market : Dynamics
Rise in depression and anxiety among the population globally is one of the major factors
expected to favor market growth for smoking cessation and nicotine de-addiction products.
Rising trend among teenagers for taking up smoking products and e-cigarettes due to
increasing peer pressure are further favoring growth of the global smoking cessation and
nicotine de-addiction products market. The market is estimated to witness considerable
revenue traction over the forecast period, due to increasing lifestyle changes and
government initiatives promoting smoking cessation and nicotine de-addiction products in
Asia and European countries is in turn expected to support growth of the smoking cessation
and nicotine de-addiction products market in the near future. According to Ministry of
Health & Family Welfare (MoHFW), Government of India, every March 9, is celebrated as
national no-smoking day, which in turn is expected to favor increase in awareness about
smoking cessation and nicotine de-addiction products among the population.
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Key features of the study:
• This report provides in-depth analysis of the smoking cessation and nicotine de-addiction
products and provides market size (US$ Million) and Cumulative Annual Growth Rate
(CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year
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REPORT DESCRIPTION
• It elucidates potential revenue opportunity across different segments and
explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints,
opportunities, new product launches or approval, regional outlook, and
competitive strategy adopted by the leading players
• It profiles leading players in the global smoking cessation and nicotine deaddiction products market based on the following parameters – company
overview, financial performance, product portfolio, geographical presence,
distribution strategies, key developments and strategies and future plans
• Key companies covered as a part of this study include Johnson & Johnson
Limited, GlaxoSmithKline plc, Novartis International AG, Pfizer, Inc., and Cipla
Ltd., Takeda Pharmaceuticals Co. Ltd., NJOY, Inc., Imperial Tobacco Company of
India Limited, McNeil AB, and Revolymer Limited
• Insights from this report would allow marketers and management authorities of
companies to make informed decision with respect to their future product
launch, end user upgrades, market expansion, and marketing tactics
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The Global Smoking Cessation and Nicotine De-addiction Products Market was valued at US$ 11,285.7 million in 2015 and is projected to expand at a CAGR of 15.2% during the forecast period (2016–2024), as highlighted in a new report published by Coherent Market Insights. Rise in awareness regarding the hazardous effects of smoking and nicotine consumption is expected to fuel growth of smoking cessation and nicotine de-addiction products market in the near future.

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