openPR Logo
Press release

Smoking Cessation Aids Market Worth US$ 64,032.30 million by 2028 - Perrigo Company, Glenmark, NJOY, Juul Labs, Pfizer

08-03-2021 02:30 PM CET | Health & Medicine

Press release from: The Insight Partners - Technology

Smoking Cessation Aids Market

Smoking Cessation Aids Market

According to our new market research study on “Smoking Cessation Aids Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, End User, and Geography,” the market is expected to reach US$ 64,032.30 million in 2028 from US$ 23,413.08 million in 2021. The market is estimated to grow with a CAGR of 15.5% from 2021-2028. Key factors that are driving the growth of this market are rising addiction toward tobacco smoking, increasing number of campaigns to reduce smoking and tobacco dependence. However, steeping costs for development of nicotine replacement therapies are likely to restrain the market growth in the future years to some extent.

Request for sample PDF Copy at: https://www.theinsightpartners.com/sample/TIPRE00023325/?openpr-10144

Pfizer Inc.; GlaxoSmithKline plc.; Dr. Reddy's Laboratories; Johnson and Johnson Services, Inc.; Cipla Inc.; Perrigo Company plc; Bausch Health Companies Inc.; Glenmark; NJOY; and Juul Labs are among the leading companies operating in the smoking cessation aids market.

COVID-19 outbreak was first observed in December 2019 in Wuhan (China), and it has spread to more than 100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are being felt across several markets. The findings show that e-cigarette usage and dual use of e-cigarettes and cigarettes are important underlying risk factors for COVID-19 that have previously not been established. As per the researchers, smoking is a risk factor for influenza, patients who smoke are immunosuppressed to some degree, and they make more mucus.

Based on product, the smoking cessation aids market is segmented into nicotine replacement therapy, drugs, electronic cigarettes, and others. E-cigarettes are considered as a healthy alternative to tobacco cigarettes and is estimated to be the fastest growing segment over the forecast period. E-cigarettes are an effective alternative for reducing health conditions associated with tobacco, while nicotine replacement therapies work best for smoking cessation. E-cigarettes are a potential threat to tobacco-based cigarettes. In addition, Consumption of e-cigarettes are less harmful compared to the regular cigarettes, no smoke and no risk of passive smoking, allowed to use even in no-smoking places, varying nicotine levels, and availability in various flavors are some of the major driving factors for the e-cigarettes market. in addition, the increasing popularity of e-cigarettes backed by its electronic feature is the major factor contributing towards its increasing demand.

The huge patient population in developing countries of Asia Pacific is generating demand for new products and therapies for smoking cessation. The number of clinical trials conducted in Asia Pacific is more than those in the US or Europe owing to low operational costs, large patient recruitment potential, contract research organizations growth, favorable regulatory environment, and better clinical trials capacity and quality. In North America and Europe, ~35% of trials are delayed due to problems in patient recruitment, and one-fifth of the trials are refrained from enrollment due to insufficient number of subjects. As per the report “Clinical trials in Asia: A World Health Organization database study,” from 2008 to 2017, the average yearly rise in the number of clinical trials conducted was 41.9% in Iran, 27.1% in Sri Lanka, 23.3% in China, 21.3% in India, 18.4% in Japan, 14.7% in Thailand, 8.4% in Malaysia, and 12.9% in Korea.

In addition, Southeast Asian countries has one of the highest smoking populations in the world. The population can lead to the high incidence of chronic diseases in Asia-Pacific, which is a key factor increasing the number of clinical trials in Asia. Thus, the introduction of new smoking cessation products in terms of therapeutic and medical device aids in the emerging economies is likely to provide significant growth opportunities to players involved in the global smoking cessation aids market in coming years.

Smoking Cessation Aids Market – by Product

Nicotine Replacement Therapy
Drugs
Electronic Cigarettes
Others
Smoking Cessation Aids Market – by End User

Hospital Pharmacies
Online Channel
Retail Pharmacies

Place an Order Copy at: https://www.theinsightpartners.com/buy/TIPRE00023325/?openpr-10144

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smoking Cessation Aids Market Worth US$ 64,032.30 million by 2028 - Perrigo Company, Glenmark, NJOY, Juul Labs, Pfizer here

News-ID: 2345107 • Views: 599

More Releases from The Insight Partners - Technology

Canned Wines Market 2022 by Company Information, Manufacturing Base, Sales Area …
Wine in cans is a new concept and is fast gaining traction. Canned wines are beverages that are primarily packed in metal cans. Different types of canned wine include white, red, and others. Canned wine is gaining high demand among the young populace in developed and developing countries. Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis
Energy as a Service (EAAS) Market 2022 : Current Trends and Future Opportunities …
Energy as a Service (EAAS) Market Research study 2022-2028 enhances the decision making capabilities and helps to create potent counter strategies to obtain competitive advantage says a latest research report at The Insight Partners. The Energy as a Service (EAAS) Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status Energy as a service is a swiftly growing and newly developed model
Solar PV EPC Market 2022-2028 Forecasts | Growth Analysis | Trend Prediction
According to The Insight Partners Solar PV EPC Market report 2028, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Solar PV EPC Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Solar PV EPC Market is based on company profiles and their efforts on increasing
Green Hydrogen Market 2022 Regional Outlook, Growth Trends, Key Players, Competi …
This research report provides insights into the "Global Benefits Green Hydrogen Market." This report summarizes the results of the assessment carried out by The Insight Partners in the field of the Benefits Management Platform for the global perspective. The report provides an analysis of the Benefits Green Hydrogen Market by deployment, application, and geography. Request Sample PDF Brochure of Green Hydrogen Market Size - COVID-19 Impact and Global Analysis with Strategic Developments

All 5 Releases


More Releases for Smoking

Rise in Herbal Smoking to Bolster Sales of Smoking Accessories Market | Roor, Em …
The Global Smoking Accessories Market study covers the projection size of the market both in terms of value and volume. The report estimates the lookup of different local distributors in the overall market and provides the market size of the Smoking Accessories market using both bottom-up and top-down approaches. To Get In-depth Information View Full Report – https://www.factmr.com/report/4872/smoking-accessories-market The report published by WHO states that the demand for tobacco has fallen by 1.3
Top Trends in Tobacco and Anti-Smoking Aids 2018 - Exploring the latest trends i …
"Top Trends in Tobacco and Anti-Smoking Aids 2017", explores the latest consumer and innovation trends in cigarettes and smoking tobacco, cigars and cigarillos, smokeless tobacco, and e-cigarettes and smoking alternatives. The report outlines the key consumer and innovation trends currently impacting the core categories in tobacco. These include NPD that aligns with consumer demand for customization or appeals to the experimental consumer (e.g. through exploring alternative ingredients and methods of delivery
Stop Smoking
Quit smoking suggestions like these to assist you stop smoking have already been about for years. Some of the ideas you will read beneath will connect with you - other people may not. And that's fine. Take a scan by means of them - if some thing clicks give it a try. This is just one of several articles to come, containing tricks to help you quit smoking so come back
Smoking Tobacco in Sweden, 2016
ReportsWorldwide has announced the addition of a new report title Smoking Tobacco in Sweden, 2016 to its growing collection of premium market research reports. "Smoking Tobacco in Sweden, 2016" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Swedish market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing,
02-08-2017 | Health & Medicine
TMR
Rising Awareness about Smoking Health Hazards and Smoking Cessation Therapy Driv …
The Centers for Disease Control and Prevention (CDC) reported that there were 44 million adults addicted to smoking in 2011 in the U.S. The majority of these addicts belonged to the low-income groups in the country. On a similar note, the World Health Organization stated that Europe has the biggest pool of smokers, while Asia Pacific has a high percentage of cigarette smokers in comparison to North America and Europe.
Top Trends In Tobacco And Anti-Smoking: Flavored Tobacco And Smoking Alternative …
The report presents a comprehensive evaluation of the key trends and future opportunities that are shaped by the needs and behavior of end-users in the tobacco market. The research in the report is backed by relevant examples of innovation. The report presents a 360-degree view of the current trends in tobacco and anti-smoking products consumption. These findings can help market players in learning about flavors and other preferences that successfully