Smoking Cessation and Nicotine De-addiction Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030 | GlaxoSmithKline Plc, Imperial Brands Plc, Japan Tobacco, Inc.

The global smoking cessation and nicotine de-addiction market is anticipated to grow at a considerable CAGR of 15.2% during the forecast period (2023-2030). E-cigarettes, also known as electronic nicotine delivery systems (ENDS) as well as electronic non-nicotine delivery systems (ENNDS), come in a variety of flavors. These devices heat a liquid to produce aerosols that user inhales. These e-liquids may or may not contain nicotine (not tobacco), however they almost always contain additives, flavors, and chemicals. E-cigarettes use has been increased rapidly over the past decades. Out of which, the utilization rate among middle schoolers rose from 0.6% in 2011 to 10.5% in 2019. Youth may be exposed to pro-tobacco content and advertising on social media from a variety of sources, including commercial brands as well as their peers or influential accounts they follow. Due to the nature of social networking, branded or promotional content can spread virally across platforms, potentially increasing young exposure to overt marketing and pro-tobacco content uploaded by powerful peer network members. In 2019, 36.9% of adult e-cigarette users were cigarette smokers. This pattern is commonly referred to as dual use or poly tobacco use.

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E-cigarette Nicotine vapes are ideal for consumers looking for something portable and simple to use. The leading e-cigarette brands create devices in a variety of shapes and flavours. As a result, there is something for everyone. Pre-filled, pre-charged disposables are the most popular. They have no buttons or controllers and instead rely on draw activation. However, there are numerous alternative electronic cigarettes and e-cigarette starting kits available. For instance, in April 13, 2022, 22nd Century Group announce a of launch of new VLN cigarettes in the smoking cessation segment which contains 95% less nicotine than conventional cigarettes. The first and only combustible tobacco cigarette containing minimal to non-addictive levels of nicotine and authorized by the US Food and Drug Administration (FDA) to help adult smokers smoke less is currently available through a national pilot, exclusively in more than 150 Circle K convenience stores across Chicagoland. E-cigarettes are becoming popular since they are safer than traditional cigarettes. E-cigarettes can also assist smokers quit smoking traditional cigarettes. As a result, the surge in popularity of e-cigarettes over cigarettes among young users is boosting the market for smoking cessation and nicotine de-addiction.

Market Coverage

• The market number available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Types
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes Johnson & Johnson Services, Inc., Pfizer, Inc., Cipla Inc., and others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Smoking Cessation and Nicotine De-addiction Market Report Segment

By Types

• Nicotine Replacement Therapy (NRT)
• Drug Therapy
• E-Cigarettes

By Distribution Channel

• Hospitals Pharmacies
• Drug Stores
• Retail Stores
• Online Stores

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Global Smoking Cessation and Nicotine De-addiction Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• British American Tobacco Plc
• Dr. Reddy's Laboratories Ltd.
• GlaxoSmithKline Plc
• Imperial Brands Plc
• Japan Tobacco, Inc.
• JUUL Labs, Inc.
• Philip Morris International Inc.
• Niconovum AB
• Perrigo Company plc,
• OncoGenex Pharmaceuticals, Inc.
• NJOY, LLC
• Vaping Daily

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Media Contact:

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Email: anurag@omrglobal.com
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Company Name: Orion Market Research

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