Precision Business Insights published a research report on “Smoking Cessation and Nicotine De addiction Products Market: By Product Type (Nicotine Based Products (Nicotine Gums, Nicotine Patches, Nicotine Sprays, Nicotine Inhalers, and Nicotine Lozenges) Electronic Cigarette, and Non-nicotine Products (Varenicline, Bupropion, Cytisine)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Retail Stores), and Geography – Global/Region/Country Forecast to 2027”
The launch of new nicotine replacement solutions aimed at relieving nicotine cravings and, as a result, lowering the desire to smoke is expected to boost product penetration rates. Various nicotine chewing gums with various flavors, along with cold mint, fresh mint, anthrax mint and fresh fruit flavors, are novel products with enhanced flavor and fewer side effects that serve as nicotine replacement treatment. Tobacco cessation, often known as nicotine de-addiction, is the process of quitting smoking. Tobacco contains nicotine, which promotes addiction by releasing neurotransmitters including dopamine, glutamate, and gamma-aminobutyric acid (GABA). Tobacco and cigarette addicts benefit greatly from smoking cessation products.
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One of the major factors driving the growth of the smoking cessation and nicotine de-addiction market is the increase in the number of individuals attempting to quit smoking throughout the world. Due to the harmful consequences of nicotine and cigarette addiction on the cardiovascular and pulmonary systems, the government is stressing stringent restrictions, and high tariffs on nicotine products are accelerating market growth. The market is also influenced by an expansion of government initiatives relating to smoking cessation, such as smoking ban in public places and increased public awareness of the harmful consequences of smoking. Furthermore, the market for smoking cessation and nicotine de-addiction benefits from increased adoption of unhealthy lifestyle alternatives, rising urbanization, and an increase in disposable income. Additionally, in the projected period of 2021 to 2028, government programs to raise awareness provide profitable possibilities for market participants. Inability to accept therapy, on the other hand, is likely to stymie market expansion. In the forecast period of 2021-2028, the smoking cessation and nicotine de-addiction market is expected to face challenges due to a lack of knowledge.
In terms of product type, the smoking cessation and nicotine de-addiction market is fragmented into nicotine lozenges, nicotine replacement therapy products, nicotine sprays, nicotine gums, drug therapy, zyban, nicotine transdermal patches, nicotine sublingual tablets, chantix, nicotine inhalers and e-cigarettes. Based on type, the smoking cessation and nicotine de-addiction market is categorized into therapies, pharmacological, and others. Based on end-user, the smoking cessation and nicotine de-addiction market is classified into millennials, generation z, silent generation and generation x.
Due to its high established healthcare infrastructure and high disposable wealth, North America Is expected to lead the global smoking cessation and nicotine de-addiction industry. Owing to the area’s significant economic growth, the Asia-Pacific region is anticipated to see profitable growth from 2021 to 2028.
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There are several industry players working in the smoking cessation and nicotine de addiction products market, which include Cipla Ltd. (India), GlaxoSmithKline plc. (UK), ITC Limited (India), Johnson & Johnson Services Inc. (U.S), NJOY, Inc. (U.S), Novartis AG (Switzerland), Pfizer, Inc. (U.S), Takeda Pharmaceuticals Co. Ltd. (Japan), VMR Products, LLC (U.S)
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