What is Smoking Cessation Aids Market Scope?
Smoking Cessation Aids refers to the process of stopping tobacco smoking. Tobacco used in cigarettes are causing serious health problems towards human, hence it is necessary to quit smoking. These smoking cessation aids help in reducing risk related to smoking diseases. As smoking increases the ratio of many disease and death it is important to stop smoking. It is seen that the global retail sales associated with the nicotine ecosystem during 2017 were approximately USD 785 billion in which cigarettes made up about 89.1 percent of the global retail nicotine ecosystem by sales value. Consumption of cigarettes globally is driving the market for smoking cessation aids.
The Smoking Cessation Aids market study is being classified by Type (Nicotine Replacement Therapy (NRT Gum, NRT lozenges, NRT Inhalers, NRT Patches and Sprays), Spray, Drug, Electronic Cigarettes and Others), by Application (Hospital Pharmacies, Retail Pharmacies and Online Pharmacies) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Global will contribute to the maximum growth of Global Smoking Cessation Aids market throughout the predicted period.
Reckitt Benckiser (United Kingdom), Pfizer (United States), GlaxoSmithKline (United Kingdom), Roche (Switzerland), Novartis (Switzerland), Johnson and Johnson (United States), Bayer (Germany), Cipla (India), Takeda Pharmaceuticals (Japan) and NJOY (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Smoking Cessation Aids market by Type, Application and Region.
On the basis of geography, the market of Smoking Cessation Aids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On February 2019, Antidote Therapeutics announced a collaboration with the National Cancer Institute to Develop ATI-1013, a novel nicotine-binding antibody, for reducing lung cancer in high-risk smokers
According to Ministry of Health websites, its regulate e-cigarettes were classified as new/amended laws or existing laws. The policy domains identified include restrictions or prohibitions on the product: sale, manufacturing, importation, distribution, use, product design including e-liquid ingredients, advertising/promotion/sponsorship, trademarks, and regulation requiring: taxation, health warning labels, and child-safety standards.
Influencing Market Trend
- Adoption of E-Cigarettes as an Alternative towards Cigarettes Cessation Aids
- Innovation in Smoking Cessation Products
Market Drivers
- Increasing Number of People Consuming Cigarettes Globally
- Stringent Government Rules and Regulation
- High Awareness of Risk Associated with Smoking Cigarettes
Opportunities
- Rising Awareness amongst Smokers on Hazards of Smoking
- Banning Of Tobacco Product Advertisement in Many Countries
Restraints
- High Prices of These Smoking Cessation Aids
Challenges
- Side Effects Related To Drugs and Therapies
Key Target Audience
Smoking Cessation Aids Manufacturers, Smoking Cessation Aids Traders, End-Use Market Participants of Different Segments of Smoking Cessation Aids, Government and Research Organizations, R&D Institutions and Others
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