Smoking Cessation Market - Global Industry Analysis 2015-2019 And Opportunity Assessment 2020-2030


Smoking Cessation  Market
  • To Be Published : Jan-2021 |
  • Status : Work in progress |
  • Format : Smoking Cessation  Market Smoking Cessation  Market Smoking Cessation  Market Smoking Cessation  Market

Smoking Cessation Market Outlook

The Smoking Cessation market is witnessing the exponential growth from the past few years. But with the outbreak of global pandemic coronavirus (Covid-19), sales of Smoking Cessation swelled across every region in the world, which led to the increasing in demand for Smoking Cessation across the globe. The global smoking cessation market are increasing number of smokers, stringent laws for smoking such as ban on smoking in public place, increasing government initiatives by distribution of smoking cessation products and higher taxes on tobacco products. The major trends in the market are increasing number of collaborations and partnerships, growing number of merger and acquisitions, and growing number of product launches. Nicotine withdrawal symptoms may include feeling hungrier than usual, having trouble thinking, craving for tobacco products, and feeling irritable, anxious and angry. Tobacco addition can lead to various serious health problems. Smoking cessation is the process of discontinuing tobacco smoking and it helps to reduce the risk of smoking related diseases.

Reasons for Covering Smoking Cessation

The demand for smoking cessation is increasing, but with the growing coronavirus crisis rapidly across the globe the demand has come to a steady growth. The major reason to cover this topic is to see the growth of this market for the forecasted period. The increasing initiatives to create awareness about smoking health hazards, increasing incidence of lung cancer and other diseases such as cardiac diseases and respiratory disorders due to smoking, and increasing research and development for innovation of smoking cessation products are also fueling the growth of the global market. The reluctance in adoption of smoking cessation products, strict regulatory requirements for electronic cigarette as medical device, restrictions and bans on the usage of electronic cigrrate, and lack of awareness of nicotine de-addiction products are some of the factors restraining the growth of the global market.

Smoking Cessation: Market Segmentation

The global Smoking Cessation market can be categorized on the following basis:

On the basis of product type, the Smoking Cessation market has been segmented as-

  • Chewing Gum
  • Lozenge
  • Spray
  • Sublingual Tablets
  • Inhaler
  • Patch
  • Others

On the basis of by Therapy, the Smoking Cessation market has been segmented as-

  • Nicotine replacement therapy
    • Nicotrol
    • NicoDerm CQ
    • Nicorette
    • Niquitin
    • Others
  • Non-NRT therapy
    • Prescription drug
    • E-Cigarette

On the basis of price range, the Smoking Cessation market has been segmented as-

  • Economic
  • Premium

On the basis of Sale Channel, the Smoking Cessation market has been segmented as-

  • Offline Store
    • Retail Store
    • Specialty Store
    • Other store

Smoking Cessation Market: Regional Outlook

The evolution of Smoking Cessation in developing countries is estimated to have further growth opportunities in global market. The Smoking Cessation market classified into seven key players: North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa.  North America has developed market for this product and has dominated the market for a long time period Asia-Pacific is expected to be the fastest growing region for the market, due to increasing awareness about the smoking cessation products and large pool of patients in the region. Asia-Pacific market is growing due to increasing prevalence of health complications associated with smoking in the emerging countries, such as India and China. But due to (Corona Virus) Covd-19 demand for Smoking Cessation has come to steady all around the world.

Smoking Cessation Market: Key Players

  • The global market players of Smoking Cessation consists of some leading players which are as follows: Johnson & Johnson, GlaxoSmithKline, Njoy Inc., Nicotek LLC, VMR Products LLC, Cipla Inc., British American Tobacco PLC, Dr. Reddy’s Laboratories Ltd., Reynolds American Inc., Perrigo, Pfizer, and Novartis, and many others.

KEY DEVELOPMENTS:

  • The University of Birmingham will work with partners in India across education, healthcare, genetic engineering and sports science. Working in partnership with CIPLA, University experts will develop healthcare Continuous Professional Development (CPD) programmes. Researchers at PDPU and Birmingham will continue working on the joint ‘India-H2O’ project, which is developing, designing and demonstrating high-recovery, low-cost water treatment systems for saline groundwater, as well as domestic and industrial wastewaters. The partners will also identify new research opportunities.
  • Drug-maker Cipla is looking to invest in disruptive technologies in healthcare that go beyond pills. The company said it is interested in companies that solve unmet needs in patient care, new drug delivery systems and medical records.
  • Pharma major Dr Reddy’s Laboratories Ltd has launched Invista. It is a formulation of Dasatinib that is bioequivalent to the innovator brand. It is indicated for the treatment of chronic accelerated or myeloid or lymphoid blast phase and newly diagnosed in chronic phase adult patients with Chronic Myeloid Leukemia (CML) in India.
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