Smoking Cessation : Market Size, Types, Regions and Applications Research Report , market Segments, Colloaborations and Agreements, Forecast by 2031

According to the latest research by InsightAce During the forecast period of 2023-2031, the Smoking Cessation Market Size is expected to increase from 25380.0 million in 2022 to 53408.9 million by 2031, with a compound annual growth rate (CAGR) of 10.1%.

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The tobacco pandemic is currently one of the most significant threats to public health. It is estimated that tobacco use results in the deaths of more than 8 million individuals worldwide each year. However, a significant number of tobacco users are making an effort to discontinue their use of the substance. The procedure of quitting smoking is referred to as Smoking Cessation. Nevertheless, the most significant impediment to discontinuing smoking is nicotine addiction. The withdrawal effects of nicotine are frequently experienced by smokers who are attempting to quit. These effects include mood swings, insomnia, constipation, increased appetite, anxiety, depression (typically mild but occasionally severe), difficulty concentrating, irritability, restlessness, tremors, sweating, headaches, abdominal pains, nausea, and disturbed sleep patterns.

The global market for smoking cessation is growing as a result of the increasing acceptance of smoking cessation solutions and the growing health concerns associated with smoking. Product launches, mergers and acquisitions, and increased joint ventures and partnerships are among the most significant market trends. Tobacco addiction can lead to a variety of essential health complications. Smoking cessation is the act of discontinuing tobacco consumption, which reduces the likelihood of developing diseases associated with smoking. The market is also anticipated to be presented with a potential opportunity due to the development of medications with greater efficacy. The global market is experiencing a significant expansion potential due to the vast untapped market for the smoking cessation industry in emerging nations. Nevertheless, the global market's growth is restricted by a variety of factors, such as the resistance to the adoption of smoking cessation products, strict regulatory requirements for electronic cigarettes as medical devices, restrictions and bans on the use of electronic cigarettes, and a lack of awareness of nicotine de-addiction products.

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It is anticipated that North America will contribute to the Smoking Cession market due to the increasing number of smokers and the growing awareness of the health hazards associated with it. Additionally, the Asia Pacific Smoking Cession market is anticipated to experience substantial growth as a result of the increasing awareness of smoking cessation products and the vast patient pool in the region. The market is expanding as a result of the increasing prevalence of smoking-related health issues in developing countries such as China and India.

Major market players operating in the Smoking Cession market include

• Cipla
• Takeda
• Sanofi
• Pfizer
• Reckitt Benckiser
• Novartis
• Selecta Biosciences
• GlaxoSmithKline
• McNeil AB
• Achieve Life Sciences
• Fertin Pharma

Recent collaborations and agreements in the market:

• In 2020, Dr. Reddy's Laboratories introduced OTC Nicotine Polacrilex Lozenges in the United States. In addition to nicotine replacement therapy (NRT), the supplement alleviates withdrawal symptoms, including nicotine cravings.

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Market Segments

Global Smoking Cession Market, by Product
• Smoking Cessation Therapy Products
o Nicotine Sprays
o Nicotine Transdermal Patches
o Nicotine Lozenges
o Nicotine Gums
• Drug Therapy
o Zyban (Bupropion)
o Chantix (varenicline)
• Nicotine Inhalers
• E-cigarettes
• Nicotine Sublingual Tablets

Global Smoking Cession Market, by End User
• Hospital
• Application pharmacy
• Supermarket

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Global Smoking Cession Market, by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Smoking Cession Market
• U.S.
• Canada

Europe Smoking Cession Market
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Smoking Cession Market
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Smoking Cession Market
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Smoking Cession Market
• GCC Countries
• South Africa
• Rest of Middle East & Africa

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