Smoking cessation is the process of stopping tobacco smoking. Tobacco smoke includes nicotine, which is addictive and can cause addiction. Nicotine withdrawal often makes the process of quitting difficult. Many strategies can be used for smoking cessation, including abruptly discontinuing without support, cutting down then quitting, behavioral counseling, and medications.
MARKET DYNAMICS
The smoking cessation market is driving due to an increasing number of smokers and stringent laws for smoking, such as a ban on smoking in a public place, rising prevalence of chronic obstructive pulmonary disease (COPD) drives demand for smoking cessation products. However, stringent regulatory requirement for electronic cigarette as medical device is expected to hamper the global smoking cessation market.
MARKET SCOPE
The "Smoking Cessation Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of smoking cessation market with detailed market segmentation by product, therapy, and distribution channel. The smoking cessation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in smoking cessation market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The smoking cessation market is segmented on the basis of product, therapy, and distribution channel. Based on product, the market is segmented as chewing gums, inhalers, lozenge, patch, spray, and sublingual tablets. Based on therapy, the market is segmented as nicotine replacement therapy (NRT), non-NRT therapy, e-cigarette. Based on distribution channel, the market is segmented as hospitals pharmacies, drug stores, retail stores, and online stores.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the smoking cessation market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smoking cessation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting smoking cessation market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the smoking cessation market in these regions.
MARKET PLAYERS
The report covers key developments in the smoking cessation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Smoking cessation market are anticipated to have lucrative growth opportunities in the future with the rising demand for smoking cessation in the global market. Below mentioned is the list of few companies engaged in the smoking cessation market.
The report also includes the profiles of key players in smoking cessation market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- British American Tobacco
- Johnson & Johnson Services, Inc.
- Imperial Brands
- GSK
- Dr. Reddy's Laboratories Ltd.
- Fontem Ventures
- Pfizer Inc.
- Perrigo Company plc,
- Reynolds American Inc.
- Smoke Away
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