Smoking Cessation Drugs Market Poised to Expand at a Robust Pace Over 2020 – 2030 Dec 2020
Report Id : REP-GB-12753 Status: Ongoing Category : Healthcare, Pharmaceuticals & Medical Devices @futuremarketins I /company/future-market-insights
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Smoking Cessation Drugs Market Analysis Market Overview Smoking cessation drugs are de-addiction drugs for smoking. The alkaloid compound called nicotine causes addictive dependency on cigarettes and other smoking products. Smoking cessation results in withdrawal symptoms such as anxiety, strong cravings, depressing mood, insomnia and mood alterations. According to the World Health Organization (WHO), over 6 millions premature deaths occur every year due to tobacco-related disease and estimated to rise up to 8 million by 2030, with over 80% of deaths from developing countries. Tobacco smoking contain more than 7000 hazardous compounds that cause or aggravate the pre-existing diseases including diabetes, weaker immunity, respiratory diseases and lungs cancer, cardiovascular complications, cataract, macular degeneration, eyesight loss, impotency or infertility and tooth or gum diseases. Smoking addiction is diagnosed with the Fagerstro¨m Test for Nicotine Dependence (FTND). The global smoking cessation drugs market is fuelled by the escalating numbers of smokers, smoking related-respiratory diseases, rising awareness of smoking cessation drugs and prohibition of public smoking. www.futuremarketinsights.com I
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Smoking Cessation Drugs Market Analysis Coronavirus has been instrumental in elevating the smoking cessation drugs market growth with the surge seen in the smoking quitters and non-availability of smoking products. The research and observation in Coronavirus pathogenesis have concluded that smoking aggravates the respiratory fatalities, and weakens the immune system leading to hospitalization, permanent respiratory and cardiovascular damages, and deaths. These findings are pushing the numbers of smoking-quitters and boosting the sales of smoking cessations drugs. Smoking Cessation Drugs Market: Drivers and Restraints The drivers of global smoking cessation drugs market include surging respiratory diseases due to the increasing smoking addiction, governments and organization’s anti-smoking initiatives and campaigns. The reimbursements policies for smoking cessation drug therapies, anti-smoking programs by WHO such as ‘Tobacco Free Initiative’, increasing consciousness and educations among young population and smokers, and the approved smoking cessation drugs in the market are leveraging smoking cessation drugs market. www.futuremarketinsights.com I
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Smoking Cessation Drugs Market Analysis The key players of smoking cessation drugs are working with the prime motive to develop novel smoking cessation drugs for effective smoking cessations with lesser chance of relapse. However, there are certain restraints of smoking cessation drugs market that decelerates its growth. The high cost of smoking cessation drugs, adverse reactions, smoking-relapse, lack of mass acceptance, less awareness of smoking cessation drugs are hampering the smoking cessation drugs market growth. Although, the overall smoking cessation drugs market is anticipated to grow further with the elevating smoking addictions and its associated respiratory diseases. The availability of diverse smoking cessation drugs, rising awareness, medical regulations, government's aid, awareness for smoking cessation drugs therapies are expected to rocket the smoking cessation drugs market growth. Smoking Cessation Drugs Market: Overview The global smoking cessation drugs market is growing lucratively with the increasing smoking addictions, high prevalence of smoking-associated diseases and anti-smoking campaigns promoting the smoking cessation drugs. www.futuremarketinsights.com I
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Smoking Cessation Drugs Market Analysis By-products, nicotine replacement therapy (NRT) dominates the smoking cessation drugs product type with the attribution of NRT’s efficacy of smoking cessation and availability of a wide variety of FDA approved NRT gum, patches, inhalers and sprays. By distribution channels, hospital pharmacies lead the smoking cessation drugs distributions with their advanced diagnostic and medication, trained staffs, monitoring and services, government’s collaboration and reimbursements. Smoking Cessation Drugs Market: Pipeline Analysis The developing smoking cessation drugs and vaccines target nAChRs, monoamine oxidase B (MAOB), cannabinoid receptor 1 (CB1R) and dopamine D3 receptor (DRD3). Tabex (cytisine) by Sopharma/Extabhave targets nAChR partial agonist is currently at phase III.
A range of smoking cessation drugs in the pipeline includes NAL2762, MK0364, Selegiline, Meclizine, D-cycloserine and GSK598809. The novel smoking cessation drugs include vaccination against nicotine, wherein vaccineinduced antibodies bind nAChRs and halt its movement to the brain. NicVAX (Nabi Biopharmaceuticals/GSK), NIC-002 (Cytos, Phase II) TA-NIC (Celtic Pharmaceuticals) and Niccine (Independent Pharmaceutica) are such vaccines for in clinical trials.
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Smoking Cessation Drugs Market Analysis Smoking Cessation Drugs Market: Segmentation The global smoking cessation drugs market is segmented into products, distribution channels and regions. By products: • Non nicotine drugs (Zyban, Chantix, Nicorette Buccal) • Nicotine Replacement Therapy (NRT) (Gum, Patches, Lozenges, Inhalers, Sprays) By distribution channels : • Hospital Pharmacies • Retailer Pharmacies
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