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Smoking Cessation & Nicotine De-Addiction Product Market worth $53.87 billion by 2030, growing at a CAGR of 9.65% - Exclusive Report by 360iResearch
Smoking Cessation & Nicotine De-Addiction Product Market | 360iResearch
The Global Smoking Cessation & Nicotine De-Addiction Product Market to grow from USD 28.25 billion in 2023 to USD 53.87 billion by 2030, at a CAGR of 9.65%.
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The smoking cessation and nicotine de-addiction market encompasses a variety of products and services designed to help individuals stop smoking and overcome nicotine addiction. Rising public awareness concerning the health hazards posed by smoking and nicotine addiction enhance the adoption of smoking cessation products. Stringent regulations and policies aiming to curb smoking rates contribute to the market growth. Ongoing innovations in product offerings, such as e-cigarettes and app-based support for smoking cessation. However, stringent regulations and the potential banning of certain nicotine-containing products can hamper market growth. The high propensity for relapse among quitters poses a persistent challenge to the efficacy of cessation products. Moreover, developing personalized cessation plans using big data analytics to improve success rates. Wearable devices that monitor physiological parameters to offer real-time support and feedback, enhancing use of smoking cessation and nicotine de-addiction products.
The United States and Canada represent significant markets for smoking cessation products in the Americas. The Americas region is characterized by high consumer awareness and willingness to adopt smoking cessation aids, supported by healthcare policies and community support programs. The EMEA region presents a mixed picture, with EU countries leading in smoking cessation initiatives, while the Middle East and Africa face challenges due to varying regulatory environments and smoking culture. Strict advertising restrictions and smoke-free laws drive the demand for smoking cessation products in European countries. The Asia Pacific region, comprising significant markets such as China, Japan, and India, showcases diverse consumer behavior towards smoking cessation. Robust governmental anti-smoking policies combined with a growing awareness of smoking hazards contribute to the escalating demand for nicotine de-addiction products in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Smoking Cessation & Nicotine De-Addiction Product Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Drug Therapy, E-Cigarettes, Nicotine Inhalers, Nicotine Replacement Therapies, and Nicotine Sublingual Tablets. The Drug Therapy is further studied across Chantix (Varenicline) and Zyban (Bupropion). The Nicotine Replacement Therapies is further studied across Nicotine Gums, Nicotine Lozenges, Nicotine Sprays, and Nicotine Transdermal Patches. The Drug Therapy commanded largest market share of 26.67% in 2023, followed by E-Cigarettes.
Based on Distribution, market is studied across Drug Store, Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies. The Hospital Pharmacies commanded largest market share of 32.62% in 2023, followed by Retail Pharmacies.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.61% in 2023, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Smoking Cessation & Nicotine De-Addiction Product Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Smoking Cessation & Nicotine De-Addiction Product Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Smoking Cessation & Nicotine De-Addiction Product Market, highlighting leading vendors and their innovative profiles. These include 22nd Century Group, Inc., Alkalon A/S, Axsome Therapeutics, Inc., British American Tobacco PLC, Cipla Ltd., Ditch Labs, Dr. Reddy's Laboratories Limited, Enorama Pharma AB, GlaxoSmithKline PLC, Glenmark Pharmaceuticals Limited, Imperial Tobacco Company of India Limited, Itaconix, Japan Tobacco Inc., Johnson & Johnson, JUUL Labs, Inc., Novartis International AG, Perrigo Company PLC, Pfizer Inc., Philip Morris International Inc., Pierre Fabre S.A., Rusan Pharma Ltd., Samyang Holdings Corporation, Sparsha Pharma International Pvt. Ltd., and Strides Pharma Science Limited.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Smoking Cessation & Nicotine De-Addiction Product Market, by Product
7. Smoking Cessation & Nicotine De-Addiction Product Market, by Distribution
8. Americas Smoking Cessation & Nicotine De-Addiction Product Market
9. Asia-Pacific Smoking Cessation & Nicotine De-Addiction Product Market
10. Europe, Middle East & Africa Smoking Cessation & Nicotine De-Addiction Product Market
11. Competitive Landscape
12. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Smoking Cessation & Nicotine De-Addiction Product Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Smoking Cessation & Nicotine De-Addiction Product Market?
3. What is the competitive strategic window for opportunities in the Smoking Cessation & Nicotine De-Addiction Product Market?
4. What are the technology trends and regulatory frameworks in the Smoking Cessation & Nicotine De-Addiction Product Market?
5. What is the market share of the leading vendors in the Smoking Cessation & Nicotine De-Addiction Product Market?
6. What modes and strategic moves are considered suitable for entering the Smoking Cessation & Nicotine De-Addiction Product Market?
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