SMOKING CESSATION & NICOTINE DE-ADDICTION PRODUCTS MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027
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REPORT DESCRIPTION Smoking Cessation and Nicotine De-addiction Products- Overview Global Smoking Cessation and Nicotine De-addiction Products Market, by Product Type (Nicotine Replacement Therapy (Over-the-Counter and Prescription), Drugs (Varenicline and Zyban), and E-cigarettes (Modular, Disposable, and Rechargeable)), by Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Trends, and Forecast 2019 - 2027 Cigarette packs mandatorily carry a statutory warning sign 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. The most effective ways is the awareness created by NGOs and global healthcare organizations such as WHO to endorse smoking cessation Moreover, companies are introducing therapies for smoking cessation has led to development of various alternative therapies in the global smoking cessation and nicotine de-addiction products market. Nicotine replacement therapies (NRTs) were the first U.S Food and Drug Administration (FDA) approved products for smoking cessation treatment. Buproprion (Zyban) and Varenicline (Chantix) are the two non-nicotine U.S. FDA approved products intended for smoking cessation. Browse Research Reports: https://www.coherentmarketinsights.com/marketinsight/smoking-cessation-and-nicotine-de-addiction-products-market-134 © Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION The global smoking cessation and nicotine de-addiction products market size was valued at US$ 17,396.6 million in 2018, and is expected to witness a CAGR of 17.8% over the forecast period (2019 – 2027). Market Dynamics- Drivers Increasing demand of e-cigarettes and nicotine de-addiction products is expected to drive growth of the global smoking cessation and nicotine de-addiction products market Growing demand for nicotine de-addiction products and e-cigarettes is expected to drive growth of the global smoking cessation and nicotine de-addiction products market during the forecast period. E-cigarette is an electronic nicotine delivery system (ENDS) that is regulated by the U.S. FDA. E-cigarettes are effective in reducing tobacco related health conditions, while NRTs work best for smoking cessation. Although e-cigarettes are threat to tobacco-based cigarettes, they pose excellent growth opportunities to tobacco companies to enter a new market that will cater the smoking population. Companies such as BAT, Lorillard, Japan Tobacco International, and Philip Morris International (PMI) collaborated with/acquired smaller firms that developed e-cigarettes. For instance, in April 2015, Japan Tobacco International announced the group has completed the acquisition of Logic Technology Development LLC ("Logic"), one of the leading U.S. e-cigarette brands. Request a Sample copy of this reports :https://www.coherentmarketinsights.com/insight/request-sample/134 Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION This provides major companies in the cigarettes market to compensate for their on-going downward sales of cigarettes. This would give a major boost to the overall smoking cessation and nicotine de-addiction products market. Furthermore, the consideration that e-cigarettes are less harmful than regular cigarettes, varying nicotine levels and availability in various flavors are some of the major driving factors for e-cigarettes market. Product recalls by the manufacturer and companies, owing to increasing technical faults, health hazards associated with devices, and others is expected to restrain growth of the global smoking cessation and nicotine de-nicotine products market during the forecast period. For instance, in June 2019, Sainsbury’s Argos (a chain of supermarkets in the U.K.) initiated a product recall of eight e-cigarettes as the external batteries supplied with the product were not compatible with the ecigarettes and could overheat if used, potentially resulting in a fire or burn injury. Furthermore, in April 2018, R.J. Reynolds Vapor Co. issued a nationwide safety recall in the U.S. of all Vuse Vibe power units for 2.6 million e-cigarettes after consumer reports that batteries malfunctioned and caused the units to overheat and create a fire risk. Buy-Now this Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/134 Š Coherent market Insights. All Rights Reserved
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