Overview:
It is mandatory to print a warning on cigarette packs stating ‘Smoking is injurious to health’, while some countries around the world have resorted to even more graphic visuals of victims of smoking. It is responsible for raising public awareness about the harmful effects of smoking. Moreover, some companies are focusing on introducing smoking cessation treatments, which in turn is expected to develop various alternative therapies in the market. KwikNic, Smokefree, Nicogum, and Nicotex, are some major nicotine replacement therapy brands available in the market. Nicotine addiction is actually a major contributing factor to high sales of cigarettes. Thus, smoking cessation and nicotine de-addiction products such as nicotine patches and gums are commercialized in the market.
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Furthermore, the United States Food and Drug Administration (FDA) has also approved the use of nicotine replacement therapies. Varenicline (Chantix) and Buproprion (Zyban) are the two non-nicotine (smoking cessation products) approved by the FDA. E-cigarettes are other emerging products that help in nicotine de-addiction.
Drivers:
High demand for nicotine de-addiction products and e-cigarettes around the world is expected to boost the growth of the global smoking cessation and nicotine de-addiction products market over forecast period. The FDA regulates all tobacco products, such as e- cigarettes. E-cigarettes help reduce the risk of tobacco-related health conditions, while nicotine replacement therapies work best for smoking cessation. E-cigarettes are a potential threat to tobacco-based cigarettes, as well as an opportunity for market players to enter an emerging segment to meet the growing demand. Companies such as Philip Morris International (PMI), Japan Tobacco International, Lorillard, and BAT acquired or collaborated with smaller firms that develop e-cigarettes. For instance, in April 2015, Japan Tobacco International acquired the U.S. based e-cigarette brand, Logic Technology Development LLC.
This in turn is expected to augment the growth of the global smoking cessation and nicotine de-addiction products market. E-cigarettes are less harmful compared to regular cigarettes, and are available in various flavors.
Market Taxonomy:
By Product Type:
- Nicotine Replacement Therapy
- Drugs
- E-cigarettes
By Distribution Channel:
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa
Restraints:
Product recalls (due to health hazards associated with devices, increasing technical faults, and others) are expected to hinder growth of the global smoking cessation and nicotine de-addiction products market. For instance, in June 2019, Sainsbury’s Argos initiated a product recall of 8 e-cigarettes because the battery supplied with the product was not compatible and may overheat if used, which may lead to a fire or injury.
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Moreover, in April 2018, Reynolds Vapor Co. voluntarily issued a nationwide safety recall of 2.6 million Vuse Vibe power units (e-cigarettes). The move comes after consumer complaints about malfunctioning batteries. According to the company, the battery issue could cause the power unit to overheat, creating a fire risk.
Regional Insights:
North America is expected to witness significant growth in the global smoking cessation and nicotine de-addiction products market due to the increasing demand or increasing adoption of e-cigarettes in this region. For instance, according to FDA, around 3.62 million middle and high school students were current users of e-cigarettes in 2018.
Moreover, according to the World Health Organization (WHO), 2015 report, there are more than one billion smokers in the world, and the number of smokers is increasing in Africa and in certain countries of Europe. This in turn is expected to increase the demand for smoking cessation and nicotine de-addiction products.
Competitive Landscape:
Market players active in the smoking cessation and nicotine de-addiction products market are Japan Tobacco Inc., British American Tobacco P.L.C, NJOY, Imperial Brands Plc., Perrigo Company Plc, Cipla Limited, Johnson & Johnson Limited, GlaxoSmithKline Plc., Pfizer, Inc., and Dr. Reddy’s Laboratories Limited, among others.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Smoking Cessation and Nicotine De-addiction Products Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Smoking Cessation and Nicotine De-addiction Products Industry Impact
Chapter 2 Global Smoking Cessation and Nicotine De-addiction Products Competition by Types, Applications, and Top Regions and Countries
2.1 Global Smoking Cessation and Nicotine De-addiction Products (Volume and Value) by Type
2.3 Global Smoking Cessation and Nicotine De-addiction Products (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Smoking Cessation and Nicotine De-addiction Products Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 6 East Asia Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 7 Europe Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 8 South Asia Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 9 Southeast Asia Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 10 Middle East Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 11 Africa Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 12 Oceania Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 13 South America Smoking Cessation and Nicotine De-addiction Products Market Analysis
Chapter 14 Company Profiles and Key Figures in Smoking Cessation and Nicotine De-addiction Products Business
Chapter 15 Global Smoking Cessation and Nicotine De-addiction Products Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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