Press release
Smoking Cessation and Nicotine De-Addiction Products Market Expected to Reach $54.7 Billion by 2031
Smoking Cessation and Nicotine De-Addiction Products Market
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
British American Tobacco Inc., 22nd Century group Inc., Cipla Ltd., Dr. Reddy's Laboratories Ltd, GlaxoSmithKline PLC (Haleon), Imperial Brands Plc. (Fontem Ventures), Johnson and Johnson
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/469
๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
In addition, every business has been impacted by the unmatched worldwide public health crisis known as COVID-19, and the long-term impacts are expected to have an influence on industry growth during the forecast period. Several changes in consumer demand and behavior, buying habits, supply chain redirection, and significant government initiatives have been seen around the globe. The COVID-19 pandemic has changed the patterns of smoking, other substance uses and other health-related behaviors of the smokers. Smokers in several nations have increased their tobacco consumption since the pandemic. On the other hand, there has also been a surge in interest in stopping, quit attempts, and successful cessation rates, which further caused prevalence of factors affecting growth of the smoking cessation and nicotine de-addiction products market size.
๐๐ฎ๐ฒ ๐๐จ๐ฐ https://www.alliedmarketresearch.com/checkout-final/59c46b397e7078adc26323874216781c
Depending on distribution channel, the market is divided into hospital pharmacies, online providers, and drug stores and retail pharmacies. The drug stores and retail pharmacies segment dominated the market in 2021, and the online providers segment is expected to grow at the fastest CAGR, during the forecast period, owing to rise in digitalization, ease of purchase, faster delivery of products and accessibility of smartphones.
North America accounted for majority of the global smoking cessation and nicotine de-addiction products market share in 2021. On the other hand, Asia-Pacific is anticipated to dominate the smoking cessation and nicotine de-addiction products industry during the forecast period. This is attributed to increase in awareness regarding harmful effects of smoking that has forced many people in the region to quit smoking, which, in turn, propels the smoking cessation and nicotine de-addiction market. However, Asia-Pacific is anticipated to witness notable growth, owing to large prevalence of tobacco users in this region and rising rate of users to quit tobacco and smoking.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/469
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
By product type, in smoking cessation marketthe, e-cigarettes segment was the highest contributor to the market in 2021.
By form, the gum segment was the highest contributor to the smoking cessation and nicotine de-addiction products market analysis in 2021.
Depending on distribution channel, the drug stores and retail pharmacies segment was highest contributor in 2021, and the online providers segment is expected to grow at the highest CAGR during the forecast period.
Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
๐๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐๐จ๐ฎ ๐๐ง๐ฌ๐ฐ๐๐ซ ๐ญ๐จ ๐๐๐ฅ๐จ๐ฐ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
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