openPR Logo
Press release

Smoking Cessation and Nicotine De-addiction Products Market | Advanced technologies & growth opportunities in global Industry by 2023

09-06-2017 04:51 PM CET | Health & Medicine

Press release from: Transparency Market Research

Smoking Cessation and Nicotine De-addiction Products Market |

The rising issues of nicotine dependence and consequent health problems have created opportunities for The Global Smoking Cessation And Nicotine De-Addiction Products Market, observes Transparency Market Research in a new study. Leading players such as GlaxoSmithKline, Novartis, and Johnson & Johnson, who jointly hold a 90% of the branded products market, are widening their list of products and enhancing their distribution networks.

Additionally, players are also investing in developing vaccinations for smoking cessation. For instance, Pfizer, Inc.'s study is in Phase 1 of the clinical trial and it aims to deliver a vaccine to help people to quit smoking. This unique stance will help companies gain a competitive edge.

“Seeking approvals commercializing smoking cessation aids that include a range of nicotine replacement therapy (NRT) products will prove to be a critical business strategy for players in the market,” reports the leading author of this report. Investing in studies to assess the safety and efficacy of smoking cessation products is also expected to be a key step forward for companies to prove their products and the related benefits to lure more customers.

View Report-

http://www.transparencymarketresearch.com/smoking-cessation-nicotine-de-addiction-products.html

Repercussions of Smoking Prompt Demand for Smoking Cessation Products

The growing awareness amongst smokers about the health hazards of nicotine such as lung cancer, cardiac diseases, and other respiratory problems has triggered a market for smoking cessation and nicotine de-addiction products. The initiatives taken by governments to raise awareness about effects of smoking through television advertisements, information brochures, newspapers, and discouraging imagery and warning labels on cigarette packages are also driving this market. Furthermore, availability of various NRT products through e-commerce and retail is also propelling the market.

This awareness is being supplemented by help centers and de-addiction camps that use smoking cessation and nicotine de-addiction products to help smokers in the long run. Retailing of these products has also proven to be an effective strategy towards helping the masses and earning sizeable profits. The introduction of new products is not only driving the market but also motivating addicts to quit smoking. For instance, the introduction of e-cigarettes has revolutionized the outlook towards de-addiction amongst several smokers.

Request to download brochure and view full ToC -

http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1849

Poor Awareness in Developing Countries Creates Challenge

In contrast, lack of awareness about smoking cessation products in developing economies of countries such as Russia, China, and India are acting as a significant impediment to the market. For instance, the Nicorette gums in India was only as recent as 2010. Additionally, the penetration of products such as inhalers, patches, and lozenges is also considerably low.

Products with Minimum Side Effects to Gain Prominence

However, a high percentage of nicotine addicts in the developing countries are likely to offer new growth opportunities to the product manufacturers operating in the market. Development of products that have minimum side effects will also gain prominence amongst users who make sincere efforts to reduce their dependency on nicotine.

The report suggests that the opportunity in the global smoking cessation and nicotine de-addiction products market will be US$20.55 bn by the end of 2023 from US$6.50 bn in 2014. The market is expected to exhibit a robust CAGR of 13.7% during the forecast period of 2015 to 2023. The forecast period will see a rise in the sale of e-cigarette as consumers opt for this therapy to quit smoking or reduce the dependency on nicotine. Therefore, this product segment will surge at the fastest CAGR of 20.5%. Geographically, North America will lead the overall market as the opportunities in this regional segment reach US$8.59 bn.

Request to view Sample Report -

http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1849

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA – Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smoking Cessation and Nicotine De-addiction Products Market | Advanced technologies & growth opportunities in global Industry by 2023 here

News-ID: 701333 • Views: 200

More Releases from Transparency Market Research

Wearable EEG Devices Market: Growing incidences of Neurovascular Disorders is Dr …
According to new market research titled 'Wearable EEG Devices Market to 2027 - Global Analysis and Forecasts by Channel and Application.' The global wearable EEG devices market is expected to reach US$ 1,556.35 Mn in 2027 from US$ 745.05 Mn in 2018. The market is projected to grow with a CAGR of 8.7% from 2019-2027. The report provides trends prevailing in the global wearable EEG devices market and the factors
Decentralized Electricity Generation Market - Global Industry Analysis, Share, G …
Global Decentralized Electricity Generation Market: Overview With the increasing installation of smart grids and the rising number of electricity generation resources, the power generation industry has been undergoing a significant change over the recent past. The modification in the grid structure, which permits decentralization of electricity generation, is acting as the main driving force behind the substantial growth of the global market for decentralized electricity generation. The main objective of this research
Global Sucralose Market Outlook In The Developed And Emerging Industry
Sucralose Market Overview Sugar substitute market is witnessing an increasing demand driven by the increasing sales of various sugar substitutes such as natural sweeteners and artificial sweeteners. Sucralose, an artificial sweetener used as a sugar substitute is highly preferred by consumers owing to its zero calorie attribute. Though sucralose is 600 times sweeter than sugar but interestingly it is not identified as the carbohydrate by the human body. Sucralose has its
Flavored Syrup Market - Growth Powered with Latest Development Scenario & Influe …
Flavored Syrup Market Introduction Global syrup market is witnessing a significant demand generated by the food and beverage industry. Consumers' increasing preference for different and personalized flavors in food has driven the syrup manufacturers to produce a wide range of flavored syrups. Flavored syrups contain artificial or natural flavorings mixed along with sugar and water. Obtain Report Details @ https://www.transparencymarketresearch.com/flavored-syrup-market.html Increasing demand of flavored syrups especially among the consumers contributes to the

All 5 Releases


More Releases for Smoking

2018 Smoking Tobacco Analysis in France
ResearchMoz presents Professional and In-depth Study of "Smoking Tobacco in France, 2018" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' That Provides Extensive And Highly Detailed current and future market trends in the French market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing, prospects and forecasts
Stop Smoking
Quit smoking suggestions like these to assist you stop smoking have already been about for years. Some of the ideas you will read beneath will connect with you - other people may not. And that's fine. Take a scan by means of them - if some thing clicks give it a try. This is just one of several articles to come, containing tricks to help you quit smoking so come back
American Smoking Tobacco Market: 2017-2025
ReportsWeb.com published “Smoking Tobacco” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. "Smoking Tobacco in the US, 2017" is an analytical report by Publisher that provides extensive and highly detailed current and future market trends in the American tobacco market. It covers market size and structure along with
Smoking Tobacco in Sweden, 2016
ReportsWorldwide has announced the addition of a new report title Smoking Tobacco in Sweden, 2016 to its growing collection of premium market research reports. "Smoking Tobacco in Sweden, 2016" is an analytical report by GlobalData that provides extensive and highly detailed current and future market trends in the Swedish market. It covers market size and structure along with per capita and overall consumption. Additionally, it focuses on brand data, retail pricing,
Another smoking drawback .... it harms pets too
Pet owners who love a puff are putting their animals at significant risk due to the effects of passive smoke, according to vetshopaustralia. VetshopAustralia.com.au managing director, Mark Perissinotto, said second hand smoke was as dangerous for cats and dogs as it was for humans, providing an even greater incentive to stamp out the habit. “Research by institutions including Tuft College of Veterinary Medicine and Oklahoma State University have shown that
Morningside Pharmacy Supports National No Smoking Day
Leicester, United Kingdom (Month XX, 2011) - Morningside Pharmacy, a registered UK pharmacy providing medical and cosmetic products, encourage their customers to give up smoking on National No Smoking Day on the 9th March 2011. Morningside Pharmacy is an online chemist that can provide customers with a range of private or NHS medical prescriptions and cosmetic products. Due to their dedication to customer service, Morningside Pharmacy aim to provide their customers