Smoking Cessation & Nicotine De-Addiction Product Market by Product, Distribution

Description

List of Tables

[199 Pages Report] The Smoking Cessation & Nicotine De-Addiction Product Market size was estimated at USD 28.25 billion in 2023 and expected to reach USD 30.89 billion in 2024, at a CAGR 9.65% to reach USD 53.87 billion by 2030.

The smoking cessation and nicotine de-addiction market encompasses a variety of products and services designed to help individuals stop smoking and overcome nicotine addiction. Rising public awareness concerning the health hazards posed by smoking and nicotine addiction enhance the adoption of smoking cessation products. Stringent regulations and policies aiming to curb smoking rates contribute to the market growth. Ongoing innovations in product offerings, such as e-cigarettes and app-based support for smoking cessation. However, stringent regulations and the potential banning of certain nicotine-containing products can hamper market growth. The high propensity for relapse among quitters poses a persistent challenge to the efficacy of cessation products. Moreover, developing personalized cessation plans using big data analytics to improve success rates. Wearable devices that monitor physiological parameters to offer real-time support and feedback, enhancing use of smoking cessation and nicotine de-addiction products.

KEY MARKET STATISTICS
Base Year [2023]	USD 28.25 billion
Estimated Year [2024]	USD 30.89 billion
Forecast Year [2030]	USD 53.87 billion
CAGR (%)	9.65%

Product: Rising adoption of E-cigarettes for smoking cessation

Drug therapy for smoking cessation focuses on prescription medications that aid in quitting smoking by reducing cravings and withdrawal symptoms. Key drugs include varenicline and bupropion working on the neurological level to decrease the pleasurable effects of nicotine. E-cigarettes, or electronic cigarettes, deliver nicotine in a vapor form without burning tobacco. In recent years, e-cigarettes have gained popularity among users seeking alternatives to traditional smoking. Nicotine inhalers are a form of nicotine replacement therapy (NRT) that allow users to mimic the act of smoking while inhaling nicotine vapor, not smoke. The major advantage is the reduction of exposure to the harmful tar and chemicals in cigarettes. Nicotine replacement therapies include patches, gums, lozenges, inhalers, and sprays that are designed to gradually wean smokers off nicotine by supplying controlled, reduced doses of nicotine without tar, carbon monoxide, and other harmful elements found in cigarettes. Nicotine sublingual tablets dissolve under the tongue, delivering nicotine directly into the bloodstream.

Distribution: Customer inclination towards online pharmacies for convenience and discretion

Drug stores are traditionally a prime choice for individuals seeking immediate access to smoking cessation aids. Drug stores offer a wide range of over-the-counter options, including nicotine patches, gum, and lozenges. Customers prefer drug stores for personalized advice from pharmacists and the ability to obtain products quickly. Hospital pharmacies cater primarily to patients prescribed specific cessation aids, often following consultation with healthcare professionals. The convenience and discretion of online pharmacies are increasingly attractive and are especially preferred to avoid in-person purchases or in areas with limited physical pharmacy options. Retail pharmacies, often part of larger chains or supermarkets, offer broad access to smoking cessation products and various other goods. Retail pharmacies combine the convenience of wide distribution with accessibility and often competitive pricing.

Regional Insights

The United States and Canada represent significant markets for smoking cessation products in the Americas. The Americas region is characterized by high consumer awareness and willingness to adopt smoking cessation aids, supported by healthcare policies and community support programs. The EMEA region presents a mixed picture, with EU countries leading in smoking cessation initiatives, while the Middle East and Africa face challenges due to varying regulatory environments and smoking culture. Strict advertising restrictions and smoke-free laws drive the demand for smoking cessation products in European countries. The Asia Pacific region, comprising significant markets such as China, Japan, and India, showcases diverse consumer behavior towards smoking cessation. Robust governmental anti-smoking policies combined with a growing awareness of smoking hazards contribute to the escalating demand for nicotine de-addiction products in the APAC region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Smoking Cessation & Nicotine De-Addiction Product Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Smoking Cessation & Nicotine De-Addiction Product Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Smoking Cessation & Nicotine De-Addiction Product Market, highlighting leading vendors and their innovative profiles. These include 22nd Century Group, Inc., Alkalon A/S, Axsome Therapeutics, Inc., British American Tobacco PLC, Cipla Ltd., Ditch Labs, Dr. Reddy's Laboratories Limited, Enorama Pharma AB, GlaxoSmithKline PLC, Glenmark Pharmaceuticals Limited, Imperial Tobacco Company of India Limited, Itaconix, Japan Tobacco Inc., Johnson & Johnson, JUUL Labs, Inc., Novartis International AG, Perrigo Company PLC, Pfizer Inc., Philip Morris International Inc., Pierre Fabre S.A., Rusan Pharma Ltd., Samyang Holdings Corporation, Sparsha Pharma International Pvt. Ltd., and Strides Pharma Science Limited.

Market Segmentation & Coverage

This research report categorizes the Smoking Cessation & Nicotine De-Addiction Product Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product
- Drug Therapy
  - Chantix (Varenicline)
  - Zyban (Bupropion)

E-Cigarettes
Nicotine Inhalers
Nicotine Replacement Therapies
- Nicotine Gums
- Nicotine Lozenges
- Nicotine Sprays
- Nicotine Transdermal Patches

Nicotine Sublingual Tablets

Distribution
- Drug Store
- Hospital Pharmacies
- Online Pharmacies
- Retail Pharmacies

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Smoking Cessation & Nicotine De-Addiction Product Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Smoking Cessation & Nicotine De-Addiction Product Market?

3. What are the technology trends and regulatory frameworks in the Smoking Cessation & Nicotine De-Addiction Product Market?

4. What is the market share of the leading vendors in the Smoking Cessation & Nicotine De-Addiction Product Market?

5. Which modes and strategic moves are suitable for entering the Smoking Cessation & Nicotine De-Addiction Product Market?

Product Code: MRR-03050D1B2D73

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing Prevalence of Numerous Diseases due to Smoking Such as Respiratory Disorders and Lung Cancer
  - 5.1.1.2. Expanding Market Penetration of De-Addiction Products Globally
  - 5.1.1.3. Favorable Government Initiatives to Promote Anti-Smoking Policy and Raising Awareness of the Health Impact due to Smoking
- 5.1.2. Restraints
  - 5.1.2.1. Product Recalls by the Manufacturer and Companies owing to increasing Technical Faults and Stringent Approval Process
- 5.1.3. Opportunities
  - 5.1.3.1. Increasing Approvals and Development of New Nicotine Replacement Products
  - 5.1.3.2. Significant Online Market Presence Coupled with Social and Communal Support for Smoking Cessation Products
- 5.1.4. Challenges
  - 5.1.4.1. Side Effects Associated with the Continued Usage of De-Addiction Products Coupled with Rising of Alternatives to Tobacco
5.2. Market Segmentation Analysis
- 5.2.1. Product: Rising adoption of E-cigarettes for smoking cessation
- 5.2.2. Distribution: Customer inclination towards online pharmacies for convenience and discretion
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework Analysis

6. Smoking Cessation & Nicotine De-Addiction Product Market, by Product

6.1. Introduction
6.2. Drug Therapy
6.3. E-Cigarettes
6.4. Nicotine Inhalers
6.5. Nicotine Replacement Therapies
6.6. Nicotine Sublingual Tablets

7. Smoking Cessation & Nicotine De-Addiction Product Market, by Distribution

7.1. Introduction
7.2. Drug Store
7.3. Hospital Pharmacies
7.4. Online Pharmacies
7.5. Retail Pharmacies

8. Americas Smoking Cessation & Nicotine De-Addiction Product Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Smoking Cessation & Nicotine De-Addiction Product Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Smoking Cessation & Nicotine De-Addiction Product Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. BC Cancer Launches Nicotine Replacement Therapy Pilot Program in Prince George
- 11.3.2. Imperial Tobacco Canada Is Excited To Launch A Smoking Cessation Product
- 11.3.3. NCDHHS Launches New QuitlineNC Services to Make Stopping Tobacco Use and Vaping More Accessible

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio