Press release
North America Smoking Cessation Aids Market Size to reach a revised size of 25.126 billion in 2028 | CAGR 15.7%
The North America smoking cessation aids market is expected to reach US$ 25.126 billion in 2028 from US$ 9.049 billion in 2021; it is estimated to grow at a CAGR of 15.7% from 2021 to 2028.Key factors that are driving the growth of this market are rising addiction toward tobacco smoking and 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.
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The report covers an in-depth analysis of the key market players within the market
• Pfizer Inc.
• GlaxoSmithKline plc.
• Dr. Reddy's Laboratories
• Johnson and Johnson Services, Inc.
• Cipla Inc.
• Perrigo Company plc
• Bausch Health Companies Inc.
• Glenmark
• NJOY
• Juul Labs
Smoking cessation lowers the risk of cancer and other serious health problems. Some products contain nicotine as an active ingredient and others do not. Counseling, behavior therapy, medicines, and nicotine-containing products, such as nicotine patches, gum, lozenges, inhalers, and nasal sprays, may be used to help a person quit smoking. They are regulated through the FDA's Center for Drug Evaluation and Research, which ensures that the products are safe and effective and that their benefits outweigh any known associated risks.
In this report, the market has been segmented on the basis of:
North America Smoking Cessation Aids Market by By Product:
• Nicotine Replacement Therapy
• Drugs
• Electronic Cigarettes
• Other End Users
North America Smoking Cessation Aids Market by
End User:
• Hospital Pharmacies
• Online Channel
• Retail Pharmacies
• Others
By Country
• US
• Canada
• Mexico
The smoking of tobacco is proven to be dangerous in all forms as it can lead to chronic health conditions, preventable diseases, deaths, and disabilities. According to the World Health Organization (WHO), smoking-related disorders result in about 435,000 deaths per year in the US, which equals to around 1 in 5 of the total deaths in the country. Therefore, prevalence of tobacco smoking is high across various countries in the North America that drives the growth of the smoking cessation aids market. The government and nongovernment organizations worldwide are coming forward and launching campaigns to provide awareness and undertake measures to curb the diseases caused due to smoking and tobacco consumption. The measures are taken to reduce the economic and health burden caused due to cigarette smoking in countries worldwide.
For instance, every year on May 31st, the WHO along with its global partners celebrate World No Tobacco Day (WNTD) to spread education and awareness regarding the harmful and deadly effects of tobacco and second-hand smoke exposure. Initiatives undertaken on this day mainly aim to discourage the consumption of tobacco in any form and educate people regarding the availability of aids that assist in smoking cessation. The launch of anti-smoking campaigns is organized on global, national, and regional levels worldwide. The governments of various countries have increased excise duties and taxes on tobacco-based cigarettes and cigars to reduce its affordability, thus consumption among common populace.
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The "North America Smoking Cessation Aids Market" forecast 2028 report analyses the present and future competitive scenario of the analytics industry. North America Smoking Cessation Aids Market report offers an in-depth analysis on segments including top companies, products, applications, revenue and regions. a number of topics including likewise market share, drivers, trends and methods. This report additionally offers insights into the latest growth and trends. It encapsulates key aspects of the market, with focus on leading key player's areas that have witnessed the highest demand, leading regions and applications.
Market Analysis and Insights: North America Smoking Cessation Aids Market
North America Smoking Cessation Aids Market report elaborates the market size, market characteristics, and market growth of the North America Smoking Cessation Aids industry, and breaks down according to the type, application, and consumption space of North America Smoking Cessation Aids. The report also conducted a PESTEL analysis of the industry to check the most influencing factors and entry barriers of the industry.
Some of the key queries answered in this report:
• -What can we estimate about the anticipated growth rates and also the North America Smoking Cessation Aids industry size by 2028?
• -What will happen in the coming existing and emerging markets?
• -Which are the five top players within the North America Smoking Cessation Aids market?
• -How can the North America Smoking Cessation Aids market change in the upcoming years?
• -Which product and application will take a share of the North America Smoking Cessation Aids market?
• -What will be the CAGR and size of the North America Smoking Cessation Aids market throughout the forecast period?
• -What are the market opportunities and challenges two-faced by the key vendors?
• -Who are the major competitors and what is their strategy?
• -What are the barriers to entry for new players in the market?
• -What would be the upcoming North America Smoking Cessation Aids market behaviour forecast with trends, challenges, and drivers for development?
• -What business opportunities and dangers are faced by vendors in the market?
• -Which would be North America Smoking Cessation Aids industry opportunities and challenges have faced by most vendors in the market?
• -What will be the outcomes of this market SWOT five forces analysis?
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