Smoking Cessation Products Market Is Expected To Witness 1.7X More Demand In Coming Years
This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of Smoking Cessation Products. The study also provides dynamics that are responsible for influencing the future status of the global Smoking Cessation Products market over the forecast period.
The Demand analysis of Smoking Cessation Products Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Smoking Cessation Products Market across the globe.
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Global Smoking Cessation products Market by Category
- By Product Type :
- Chewing Gum
- Nasal Sprays
- By Therapy :
- Nicotine Replacement Therapy (NRT)
- Non-NRT Therapy
- By Sales Channel :
- Hospital Pharmacies
- Drug Stores
- Retail Stores
- Online Stores
- By Region :
- North America
- Latin America
- East Asia
- South Asia
Competitive Landscape: Top Companies in Smoking Cessation products Market
The global smoking cessation products market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced smoking cessation products.
Fact.MR has provided detailed information about price points of top manufacturers of smoking cessation products positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.
For instance: Dr. Reddy’s Laboratories in 2020, launched Over-the-counter (OTC) Nicotine Polacrilex Lozenges in United States. The product offering reduces withdrawal symptoms like nicotine cravings and is an addition of Nicotine Replacement Therapy (NRT).
Escalating Tobacco Related Deaths Thriving Market Growth
According to World Health Organization, tobacco smoking kills more than 8 million consumers every year. Amongst them, 7 million deaths are caused by direct tobacco use and rest are caused by exposure to second-hand smoke, making it one of the leading causes of deaths in the world.
Increasing awareness about the significant negative health hazards of tobacco consumption is exhorting consumers to quit smoking. The trend to quit smoking is high amongst pregnant and lactating women, because of substantial negative impact on child and the mother. Therefore, smoking cessation products which reduces the incidences of tobacco-related illnesses and removes the urge to smoke is poised to provide a gain of 230 BPS during the forecast period of 2022-2032.