What is Quit Smoking Drug Market?
Lung cancer, as well as other respiratory and heart disorders, are all linked to smoking. Individuals who are aware of these health risks are more likely to use smoking cessation counselling(Which includes quit smoking drugs). Individual awareness raised by digital media, print media, and other sources of information has proven to be effective in reducing the prevalence of nicotine addiction to some extent. Government efforts to introduce anti-smoking policies and raise awareness about the health risks associated with smoking are also expected to boost business growth. The World Health Organization (WHO) has launched the ‘Tobacco Free Initiative,' which involves clear packaging to reduce the appeal of the product and the screening of films and videos to educate the general public about the dangers of smoking. FDA-approved pharmacotherapies such as nicotine replacement therapy (NRT) in a variety of forms such as transdermal patches, gum, nasal spray, oral inhaler, and lozenges; bupropion; and, most recently, varenicline (Chantix/Champix) are now widely accessible.
The market study is being classified by Type (Chewing Gum, Inhaler, Lozenge, Patch, Spray and Sublingual Tablets), by Application (Hospital and Medical Center) and major geographies with country level break-up.
Reckitt Benckiser Plc (United kingdom), Pfizer Inc. (United States), GlaxoSmithKline Plc (United Kimgdom), Hoffmann-La Roche AG (Switzerland), Novartis AG (Switzerland), Johnson and Johnson (United States), Bayer AG (Germany), Cipla Ltd (India), Takeda Pharmaceuticals Co. Ltd. (Japan) and NJOY (United States) are some of the key players profiled in the study.
Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Quit Smoking Drug market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Quit Smoking Drug market by Type, Application and Region.
On the basis of geography, the market of Quit Smoking Drug 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Awareness about Health Problems Caused Because of Smoking
- Banning Advertisements of Tobacco Products
Market Trend
- Large Population Addicted to Smoking
Restraints
- Lack of Awareness in Rural Areas
Opportunities
- Government Initiatives To Encourage No Smoking
Challenges
- Adverse Effects of These Drugs
The FDA has approved two smoking cessation products that do not contain nicotine. They are Chantix (varenicline tartrate) and Zyban (buproprion hydrochloride). Both are available in tablet form and by prescription only.
Key Target Audience
Pharmaceutical Industry, Healthcare Industry, Regulatory Bodies, Government Bodies and Others