Global Smoking Cessation & Nicotine De-Addiction Product Market to 2026 - by Product, Distribution Channel and Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Smoking Cessation & Nicotine De-Addiction Product Market (2021-2026) by Product, Distribution Channel, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Smoking Cessation & Nicotine De-Addiction Product Market is estimated to be USD 22.25 Bn in 2021 and is expected to reach USD 34.55 Bn by 2026, growing at a CAGR of 9.20%.

Cigarette packs have been mandatorily carrying a warning stating that 'Smoking is injurious to Health', while some countries have resorted to even more graphic visuals of victims of smoking. However, this has done precious little to encourage smoking cessation. Only through awareness created by NGOs and global healthcare organizations, we observe initiatives to stop smoking among the smoking population.

Moreover, companies are introducing therapies for smoking cessation has led to the development of various alternative therapies in the global smoking cessation and nicotine de-addiction products market. Factors such as the growing prevalence of numerous respiratory diseases, increasing demand for Nicotine De-addiction products, general awareness regarding the associated side-effects of smoking, and the launch of new Nicotine De-addiction products are some of the drivers for the market. Whereas stringent government regulations for approval of drugs act as a restraint to it.

Growing awareness regarding the use of E-cigarettes and novel products with improved flavor & minimal side-effects are the opportunities for the market growth, but the adverse effect of drugs acts as a challenge to it.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Smoking Cessation & Nicotine De-Addiction Product Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Growing Prevalence of Numerous Respiratory Diseases
• General Awareness Regarding the Associated Side-Effects of Smoking
• Launch of New Nicotine De-Addiction Products

Restraints

• Stringent Government Regulations for Approval of Drugs

Opportunities

• Growing Awareness Regarding Use of E-Cigarettes
• Novel Products with Improved Flavour & Minimal Side-Effects

Challenges

• Adverse Effect of Drugs

Companies Mentioned

• Pfizer, Inc.
• GSK Plc
• Cipla Ltd.
• Novartis International AG
• McNeil AB
• Revolymer Plc
• Takeda Pharmaceutical Company Ltd.
• Imperial Tobacco Ltd.
• Johnson & Johnson Limited
• Perrigo Company Plc
• Dr. Reddy's Laboratories Limited
• NJOY, Inc.
• British American Tobacco Plc
• Japan Tobacco Inc.
• VMR Products, LLC
• Philip Morris International Inc.
• JUUL Labs Inc.
• Axsome Therapeutics Inc.
• 22nd Century Group Inc.

For more information about this report visit https://www.researchandmarkets.com/r/edllxq

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