Smoking Cessation Drugs Market Scope
Tobacco smoke contains nicotine, which is addictive. Smoking cessation refers to the process of stopping tobacco smoking. Tobacco contains nicotine which is addictive and the regular consumption or more consumption of it makes the process difficult for quitting. This process has helped in preventing cause of death worldwide. Various smoking cessation are used discontinuing the process of tobacco smoking which includes abruptly quitting without assistance, cutting down then quitting, behavioral counselling and others.
According to AMA, the Global Smoking Cessation Drugs market is expected to see growth rate of 18.56% Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Smoking Cessation Drugs market throughout the predicted period.
GlaxoSmithKline (United Kingdom), Imperial Tobacco (United Kingdom), NJOY (United States), Novartis (Switzerland), Pfizer (United States), Dr. Reddy's Laboratories (India), The Harvard Drug Group (United States), Fontem Ventures (Netherlands) and Reynolds American (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Kimree Technology (China) and Perrigo Company (Dublin).
Segmentation Overview
The study have segmented the market of Global Smoking Cessation Drugs market by Type (Chewing gum, Sublingual tablets, Inhaler, Patch, Lozenge and Spray), by Application (Hospital Pharmacies, Online Pharmacies and Retail Pharmacies) and Region with country level break-up.
On the basis of geography, the market of Smoking Cessation Drugs 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).
Influencing Trend:
Rising Usage Of E-Cigarette, Innovation In Smoking Cessation Products and Ban On Tobacco Advertisement
Market Growth Drivers:
Rising Number Of Smoker Around The Globe, Stringent Government Rules And Regulation and High Awareness Of Risk With Use Of Tobacco
Challenges:
Side Effects Related To Drugs And Therapies and Relapse After Treatment
Restraints:
High Prices Associated with Smoking Cessation Drugs and Chronic Restriction Of A Target Behavior Based On Personally Set Limits
Opportunities:
Medical Regulation and Educate, Build Support
Market Leaders and their Expansionary Development Strategies
Pfizer, already the biggest pharmaceutical company in the world, acquired pharmacia. The deal creates a pharmaceutical giant with revenue topping USD 48 billion annually, bolstered by a dozen blockbuster drugs that each generate more than USD 1 billion in sales annually.
There are various therapies for nicotine replacement like gums, lozenges, sprays, and inhalers. There are prescription drugs that use nicotine. They change the way your brain works to ease withdrawal symptom and makes it possible to leave smoking easily. The FDA has approved two products which include bupropion (Zyban) and varenicline (Chantix).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.