NEW YORK, Aug. 29, 2017 /PRNewswire/ — The global smoking cessation and nicotine de-addiction products market is growing in patches; however, it is still dominated by developed countries. The analysts at Persistence Market Research have come up with a new publication titled “Smoking Cessation and Nicotine De-addiction Products Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025.” According to our analysts, growing internet penetration is boosting information dissemination and is expected to largely contribute towards the higher adoption of smoking cessation and nicotine de-addiction products. We have also noticed that North America market is expected to lead in terms of revenue generation for smoking cessation and nicotine de-addiction products during the forecast period. It has been observed that increasing patient awareness, rising disease burden and easy availability of de-addiction products through broad distribution channels are factors likely to impact market revenue growth.
Companies in the global market are focusing on internal and external capacity expansion, which ultimately increases contract development and manufacturing activities. NRT product manufacturers are adopting business partnerships, mergers and acquisitions as key development strategies in order to expand their global reach. While analyzing the different segments in the global smoking cessation and nicotine de-addiction products market, our analysts have noticed that electronic cigarette smoking is a growing trend and is expected to largely contribute towards market revenue growth. Online distribution is expected to witness significant CAGR in revenue terms over traditional channels such as hospital pharmacies.
Market Taxonomy
By Product Type
Nicotine Based Products
Nicotine Gums
Nicotine Patches
Nicotine Lozenges
Regular Lozenges
Mini Lozenges
Sublingual Lozenges
Nicotine Sprays
Nicotine Inhalers
Electronic Cigarette
Non-nicotine Products
Varenicline
Bupropion
Cytisine
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Channels
Retail Stores
By Region
North America
Latin America
Europe
APAC
Middle East and Africa (MEA)
Research Methodology
While inspecting the global smoking cessation and nicotine de-addiction products market, the negative growth rate for few of the product types has been derived from the sale of respective product/companies in respective regions. Macro-economic indicators such as smoking cessation and nicotine de-addiction products market outlook, active and passive smokers, and others have been considered to arrive at the indicated market numbers. Bottom-up approach has been used to assess market numbers in the global smoking cessation and nicotine de-addiction products market, while the top-down approach has been used to counter-validate the reached market numbers.
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