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Smoking Cessation Products Market

Smoking Cessation Products Market

Smoking Cessation Products Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028

Smoking Cessation Products Market
FACT2372MR
  • Nov-2018
  • List of Tables : 21
  • List of Figures : 118
  • 170 Pages
  • Consumer Goods

Growing Prevalence of Chronic Obstructive Pulmonary Disease (COPD) Drives Demand for Smoking Cessation Products

The market for smoking cessation products is expected to increase at a 10.8% volume CAGR from 2018 to 2028, according to the report.

In 2018, sales of smoking cessation products increased by 12%, with e-cigarettes leading the charge.

A prevalence of around 251 million patients with COPD was report across the globe in 2016 by a WHO report, and it will become the third leading cause of death by 2030.

As smoking tobacco is the primary cause of COPD, manufacturers in the smoking cessation products market are promoting the use of various types of smoking cessation products to prevent it.

Additionally, consumers are becoming aware that there is no cure for the life-threatening disease, thereby, the growing needs for preventing COPD is boosting adoption of smoking cessation products.

Offering personalized smoking cessation products to facilitate COPD management for patients can help smoking cessation products market players to improve sales and gain an edge in the smoking cessation products market in coming years.

smoking cessation products market 0

Regulations on Smoking Cessation Products Create Challenges for Marketing and Distribution

Governmental organizations across the world have introduced laws and regulations on marketing and distribution of smoking cessation products to address the public health concerns associated with tobacco use and use of smoking cessation products such as electronic cigarettes.

The U.S. Food and Drug Administration (FDA) has amended the Family Smoking Prevention and Tobacco Control Act and declared that vaping products and smoking cessation products, such as e-cigarettes, are subject to the Federal Food, Drug, and Cosmetic Act.

The Government of Canada also enacted the Tobacco and Vaping Products Act (TVPA), which regulated manufacturing and sales of various smoking cessation products, including e-cigarettes, in Canada.

Also, the UK Government introduced new rules under the Tobacco Products Directive 2014/14/EU (TPD) to regulate smoking cessation products, such as nicotine-containing electronic cigarettes and refill containers.

Leading countries enacting regulations on manufacturing, marketing, and distribution of e-cigarettes and other types of smoking cessation products is likely to create barriers for players in the smoking cessation products market.

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Stringent Smoke-free Air Laws Trigger Adoption of Smoking Cessation Products

Smoke-free air laws imposed by various national and international governmental organizations across various countries hold a major share in the growth of the smoking cessation products market.

Smoke-free laws mainly aim at protecting consumers from secondhand smoking and restrict minors’ exposure to tobacco-smoking products.

The New Zealand government has developed ‘Smoke-free Environments Regulations 2007’, which imposed labeling requirements on all tobacco products to discourage smoking.

Washington, DC, the U.S. capital, has imposed ‘The Department of Health Functions Clarification Amendment Act of 2006’ that bans smoking in most public places.

Growth prospects of the smoking cessation products market are moderately attributed to smoke-free air laws, as these laws limit promotion and advertising of tobacco products and indirectly encourage consumers to quit smoking.

Stringent regulations and laws that discourage smoking may exhort the smoker population to turn to smoking cessation products, which may complement growth of the smoking cessation products market in the upcoming years.

Potential Risks and Side Effects may Drive Consumers Away from Smoking Cessation Products

Though most smoking cessation products can reduce withdrawal symptoms and help consumers to quit smoking tobacco with ease, they come with certain side effects leading to causing discomfort in consumers.

The use of smoking cessation products, such as patches and nasal sprays, can cause irritation of nose, skin, eyes, or throat, along with causing some behavioral changes in consumers.

Also, insomnia and diarrhea are among the most common side effects of non-nicotine smoking cessation products, such as varenicline.

FDA released a safety announcement to warn consumers about serious mental health side effects of smoking cessation products, including varenicline and bupropion.

Growing consumer awareness about the potential risks of using smoking cessation products may hamper growth of the smoking cessation products market.

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Alarming Rise in the Number of Tobacco-related Deaths Create Needs for Smoking Cessation Products

According to a report published by the World Health Organization (WHO), the number of deaths due to tobacco smoking, each year, has surpassed 7 million, making it one of the leading causes of deaths in the world.

The report further reveals that there are over 1.1 billion tobacco smokers in the world and, assuming the constant prevalence, the number will reach around 1.8 billion, causing 10 million deaths due to tobacco smoking, by 2030.

Growing awareness about the health hazards of tobacco smoking is exhorting consumers, especially pregnant and lactating women, to start using smoking cessation products to quit smoking.

As smoking cessation products can help tobacco smokers to keep away from the urge to smoke and reduce the incidences of tobacco-related illnesses, a majority of smokers are banking on smoking cessation products to quit smoking.

This is likely to boost growth of the smoking cessation products market in the foreseeable future.

Competitive Landscape

The Fact.MR report on smoking cessation products market enlists leading stakeholders in the market to provide insightful information about recent developments in the winning strategies of leading competitors in the smoking cessation products market.

This chapter features comprehensive information, including intensity mapping, key financials, market share analysis, key developments, SWOT analysis, SIC, NACE, & NIACS codes, and global manufacturing facilities, about the each smoking cessation products market player mentioned above.

The report provides detailed information about the leading market players including Johnson & Johnson Inc., GlaxoSmithKline plc, Pfizer, Inc, Perrigo Company plc, Cipla Ltd., ITC Limited, Reynolds American Inc., Imperial tobacco ltd., Fertin Pharma, and Alkalon A/S.

Johnson & Johnson Development Corp., a frontrunner in the smoking cessation products market, recently joined Carrot Inc., a digital health company New York Life Ventures and to raise over US$ 25 million to commercialize Pivot™ – smoking cessation program.

The company is contributing to the project with its technological expertise in the medical device and pharmaceutical sector to establish stronger position in the smoking cessation products market.

Another frontrunner in the smoking cessation products market, GlaxoSmithKline plc. announced, in collaboration with an American pharmaceutical company – Innoviva, Inc., that the European Commission has authorized expansion of its single inhaler triple therapy – once-daily Trelegy Ellipta.

The company is aiming to adopt innovative strategies to offer an inhaler therapy for COPD patients and strengthen its foothold in the smoking cessation products market.

Imperial Brands PLC, a British player in smoking cessation products market, has adopted strategies to focus on its blu e-cigarette brand by investing over GBP100 million for further expanding its e-cigarette product portfolio in the coming year.

Via its subsidiary Fontem Ventures, the company launched its new e-smoking cessation product– myblu™ in the U.S.

in February 2018, and later in three further markets – France, Russia, and Germany. With launch of the new e-smoking cessation product, Imperial Brands is aiming to set a benchmark in the e-vaporing category of products in the smoking cessation market.

Other players in the smoking cessation products market, including Cipla Ltd., are adopting innovative marketing strategies, such as promotions of social media and unique commercials to spread awareness about tobacco hazards, to boost sales of their smoking cessation products.

An Adaptive Approach to Modern-day Research Needs

Definition

Smoking cessation products, also known as quit-smoking products or nicotine replacement therapy products, can help smokers to mitigate nicotine cravings and symptoms of withdrawal.

Smoking cessation products are available in the type of gums, patches, inhalers, nasal sprays, and e-cigarettes.

Non-nicotine types of smoking cessation products, such as bupropion and varenicline, are also made available by players in the smoking cessation products market.

About the Report

smoking cessation products market 1

The Fact.MR market report on the smoking cessation products market features a detailed analysis of the market, including information on the most interesting developments in the smoking cessation products market across the globe.

The report provides an overview of the smoking cessation products market, analysis of the latest trends in the smoking cessation products market, along with a section with information about new avenues of growth for manufacturers and distributors in the smoking cessation products market.

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Additional Questions Answered

The Fact.MR report provides accurate information about how the smoking cessation market is expanding across the globe and its growth prospects.

This information can help market players to understand the minute details about how other smoking cessation products market players are paving their way through the smoking cessation market along with detailed information about their winning strategies.

The information presented in the smoking cessation market report answered important market-related questions for market leaders as well as new entrants in the smoking cessation product, which can help them to make appropriate business decisions in the coming future. Some of the questions include

  • Which region is expected to dominate the smoking cessation products market?
  • Which category of buyers are more interested in purchasing smoking cessation products?
  • What strategies smoking cessation products market players should adopt to gain momentum in the market?
  • What type of product is likely to hold the largest share in the smoking cessation products market?
  • What are the factors restricting the growth of the smoking cessation products market?

Research Methodology

Analysts at Fact.MR adopt an effective research methodology to offer key insights about growth of the smoking cessation market during 2018-2028.

Both primary and secondary research are conducted by analysts to derive important historical data and statistics on the smoking cessation market.

Industry-validated data is derived from reliable sources, such as smoking cessation product manufacturers, distributors, and industry experts, are approached to provide unbiased and accurate information about the smoking cessation market.

Segmentation

The smoking cessation products market is segmented on the basis of geographical regions, product type, and sales channel.

Each segment is divided into sub-segments for the better understanding of readers about growth parameters the smoking cessation products market.

smoking cessation products market 2

Based on region, the smoking cessation products market is segmented into

  • North America
  • Latin America
  • Europe
  • Asia Pacific region (APAC)
  • Middle East & Africa (MEA).

Based on the types of smoking cessation products, the smoking cessation products market is segmented into three main types–

  • Nicotine products
  • Non-nicotine products
  • E-cigarettes.

Nicotine smoking cessation products are further divided into

  • Gum
  • Patches
  • Lozenges
  • Inhalers
  • Nasal sprays.

Non-nicotine smoking cessation products are further divided into

  • Bupropion
  • Varenicline.

Based on the sales channels for smoking cessation products, the smoking cessation products market is segmented into four sub-segments –

  • Hospital pharmacies
  • Drug stores
  • Retail stores
  • Online stores.

Smoking Cessation Products Market: In-depth Analysis of Lucrative Opportunities for Market Players

Fact.MR recently published a report Smoking Cessation Products Market - Global Industry Analysis 2013-2018 and Forecast, 2018-2026” to provide detailed information on important market dynamics that explains the growth prospects of the smoking cessation products market.

The values provided in the research report are derived from an extensive research on the smoking cessation products market, which can help stakeholders to adopt accurate business strategies in the coming future.

Market dynamics including growth opportunities for market participants are also mentioned in the report on the smoking cessation products market.

The Fact.MR report also provides readers with actionable insights on the regional outlook of the global market for smoking cessation products.

This can help market players to capture opportunities and target the right category of consumers to achieve improved sales in respective regions.

The information featured in the report on smoking cessation products market can help stakeholders to comprehend the market dynamics before making information-based decisions.

Chapter 1 – Executive Summary – Global Smoking Cessation Products Market

The first chapter of the report includes the executive summary to provide an overview of the smoking cessation products market. T

his chapter also provides a brief analysis on why the smoking cessation products market will envisage positive growth throughout the forecast period.

The growth avenues for players in the smoking cessation products market are featured in the executive summary. Readers can get a better idea of how the smoking cessation products market will grow during 2018-2028.

Chapter 2 – Market Overview

This chapter helps readers to understand the basics of the smoking cessation products market with market definition and market structure.

It also offers important details about the forecast on the market growth in terms of value (US$ Million) and volume (units).

Chapter 3 – Market Dynamics

This chapter features smoking cessation products market dynamics including drivers, challenges, opportunities, and latest trends in the global market.

The chapter also provides detailed information about smoking cessation products supply and demand in key geographic regions, pricing analysis, cost structure, and analysis, and raw material sourcing.

Chapter 4 – Associated Industry and Key Indicator Assessment

Along with the detailed information about the growth of the associated industries and markets, this chapter provides information on how these markets dynamics influence the growth of the smoking cessation products market during the forecast period.

This chapter also features key macroeconomic factors influencing demand for smoking cessation products that all the new market players in the smoking cessation products market must consider before entering the market.

Chapter 5 – Global Smoking Cessation Products Market Analysis and Forecast

This chapter focuses on the overall growth of the smoking cessation products market along with the growth of the market based on its main segments, such as geographical region, product types, and sales channels for smoking cessation products.

Based on region, the smoking cessation products market is segmented into North America, Latin America, Europe, Asia Pacific region (APAC), and Middle East & Africa (MEA).

Based on the types of smoking cessation products, the smoking cessation products market is segmented into three main types– nicotine products, non-nicotine products, and e-cigarettes.

Nicotine smoking cessation products are further divided into gum, patches, lozenges, inhalers, and nasal sprays. Non-nicotine smoking cessation products are further divided into Bupropion and Varenicline.

Based on the sales channels for smoking cessation products, the smoking cessation products market is segmented into four sub-segments – hospital pharmacies, drug stores, retail stores, and online stores.

Chapter 6 – North America Smoking Cessation Products Market Analysis

This chapter focuses on the North America Smoking cessation products market to analyze the market trends and adoption of smoking cessation products in the United States and Canada during the forecast period.

This chapter also features detailed assessment of the North American market for smoking cessation products based on the product types and sales channels in the smoking cessation products market in the region.

Chapter 7 – Latin America Smoking Cessation Products Market Analysis

In this chapter, readers can find detailed information on how smoking cessation products market will grow in Latin American region during 2018-2028.

The market value assessment by country, such as Brazil, Mexico, Argentina, and rest of Latin American region, according to the product types and sales channels in Latin American market for smoking cessation products, is also provided in this chapter.

Chapter 8 – Europe Smoking Cessation Products Market Analysis

The information featured in this chapter can help readers to understand growth prospects of the market for smoking cessation products across the European region.

This chapter also explains growth prospects of the smoking cessation products market in Europe based on product types and sales channels in the smoking cessation products market.

This chapter features detailed information on micro and macroeconomic factors that are instrumental in boosting or hampering adoption of smoking cessation products in leading countries in the region, such as EU-4, U.K., BENELUX, Nordic, and Eastern European countries.

Chapter 9 – APAC Smoking Cessation Products Market Analysis and Forecast

This chapter features information about the development of the market for smoking cessation products in Asia Pacific region by assessing the adoption of smoking cessation products in Asian countries, including Australia and New Zealand, India, ASEAN countries, South Korea, Japan, and China, based on its product types and sales channels.

Chapter 10 – MEA Smoking Cessation Products Market Analysis and Forecast

In this chapter, readers can find detailed information about expansion of the market for smoking cessation products in Middle East & African region (MEA) by assessing the adoption of smoking cessation products in GCC countries, South Africa, Turkey, and the rest of the MEA region.

This chapter also explains growth prospects of the smoking cessation products market in MEA based on product types and sales channels in the smoking cessation products market.

Chapter 11 – Competitive Assessment

In this chapter, readers can find thorough information that can help them to understand the competitive environment in the smoking cessation products market with the help of detailed information about leading market players.

This chapter also provides information about key financial, market structure, competitive developments, and share analysis of leading stakeholders in the smoking cessation products market.

Chapter 12 – Company Profiles

This chapter featured comprehensive information, including intensity mapping, key financials, market share analysis, key developments, SWOT analysis, SIC, NACE, & NIACS codes, and global manufacturing facilities, about the each market player mentioned above.

Chapter 13 – Assumptions and Acronyms Used

This chapter provides information about all the assumptions and acronyms used in the smoking cessation products report to help readers understand the information with more clarity.

Chapter 14 – Research Methodology

In this chapter, readers can find detailed information about the market research method followed by analysts to collect information and data to attain accurate conclusion about the growth of the smoking cessation products market during the forecast period 2018-2028.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.