According
to the report "Smoking Cessation and Nicotine De-addiction
Products Market (Nicotine Gums, Patches, Lozenges, Inhalers, Sprays,
Sublingual Tablets, Zyban, Chantix/Champix, E-cigarettes) - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 -
2019" ,the global market for Smoking Cessation and Nicotine
De-addiction Products is estimated to grow at the rate of CAGR 8.7%
in the forecasted period of 2013 to 2019 and reach a value of USD
16.02billion in 2019. This market was valued at USD 5.1 billion in
2012.
Smoking
is a global epidemic and is rapidly penetrating the world at
strikingly high rates. It is estimated that there are roughly 1.1 to
1.3 billion tobacco users in the world, a figure that is likely to
rise to 1.6 billion over the next two decades.
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Full Report Smoking Cessation and Nicotine De-addiction Products
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Tobacco
smoke contains over 4000 chemicals of which 250 are known to be
fatally harmful to humans. At least one person dies every 6 seconds
from a tobacco related disease, which means, at least 10 people per
minute die of a disease acquired due to use of tobacco in the world.
Smoking
cessation is the medical terminology for a way to quit smoking
through the use of various medicines. This may also involve
assistance from healthcare professionals, psychotherapy and
counseling. Knowing the risks associated with this addiction, many
healthcare organizations as well as the people who wish to quit
smoking are continuously adding to the demand for smoking cessation
products, which include e-cigarettes, drug therapy and nicotine
replacement therapy (NRT) products.
Products-wise
Segmentation:
Among
these three major segments of the Smoking cessation industry the NRT
products, which directly transport nicotine into the users
bloodstream by the virtue of flavored inhalers, mouth sprays,
nicotine gums, patches, tablets and lozenges, are quite popular.
Nicotine gums, especially, had a market value of USD 995.5 million in
2012. Nicotine patches and lozenges are also used quite often used in
smoking cessation therapies as these are commonly available without
the need of a physician’s prescription. Nicotine sprays and
inhalers, on the other hand, are less popular due to their high cost.
The major players in the NRT product market include Cipla, Novartis,
Johnson and Johnson and Glaxo Smith Klien(GSK).
By
the end of the forecast period, the report estimates that the
drug-therapy market of smoking cessation is estimated to witness a
downfall resulting from license expiration of key drugs in the
current market including - Zyban (bupropion) that has already lost
its license in 2013 and Chantix/Champix (varenicline) that will have
its license expired in 2018. The leading manufacturers in this
segment are Pfizer and
GSK.
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Full Press Release:
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In
the forecast period, the segment of e-cigarettes is expected to show
the highest and fastest growth in the smoking cessation and nicotine
de-addiction products market. The popularity of such cigarettes is
high amongst young population and it is estimated that this
popularity can pose challenge to other smoking cessation products in
the market. The market value of this segment was estimated to be USD
1,662.5 million in 2012. The major players in this industry include
VMR products LLC, NJOY and Lorillard.
Geography-wise
Segmentation:
Geographically,
North America was found to be the market leader of the global smoking
cessation and nicotine de-addiction products market in 2012. This was
followed by the European market, which stood at the second position
in market share holdings. . The North American market was valued at
USD 1,958.8 million in the year 2012.
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