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The Global Smoking Cessation and Nicotine De-addiction Market size is estimated to grow at a CAGR of 12.59% between 2022 and 2027. The smoking cessation and nicotine de-addiction market size is forecast to increase by USD 24,529.75 million. The growth of the market depends on several factors, including the rising adoption of online retailing, the increasing number of people trying to quit smoking, and the growing health awareness among consumers.
This smoking cessation and nicotine de-addiction market research report extensively covers market segmentation by distribution channel (drug stores and retailers, hospital pharmacies, and online retail), product (e-cigarette, NRT, and drug therapy), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising adoption of online retailing is notably driving the smoking cessation and nicotine de-addiction market growth. With the growth of e-commerce businesses across the world, vendors have the potential to enhance their profitability. Online and e-commerce channels support business-to-business (B2B) and business-to-consumer (B2C) operations. The average amount of money spent online per transaction and the number of online transactions are increasing globally.
The rise in the number of Internet users across the world and the buy-it-now attitude of users are contributing to the growth of this retail channel. E-commerce portals have added advanced security features for efficient customer service and payment, as well as customer-friendly websites that offer better product visibility. This trend encourages various manufacturers to focus on the online customer segment and helps vendors reduce their operating and overhead costs. Also, the number of online pharmacies and drugstores that offer nicotine patches and other nicotine replacement therapy (NRT) products has grown significantly worldwide, which will drive the growth of the market during the forecast period.
New marketing initiatives are the primary trend driving the smoking cessation and nicotine de-addiction market growth. Vendors are undertaking new marketing initiatives to increase their sales. They are coming up with advertisement campaigns that encourage consumers to quit smoking.
In January 2019, JUUL launched its first television advertisement campaign. The new campaign featured testimonials from adults who have used JUUL products to quit smoking. The campaign titled 'Taste Test Drive' features Dale Earnhardt Jr. driving and talking about his own struggles, including hiding his smoking habit and his own quitting journey. Such marketing campaigns will boost the growth of the market during the forecast period.
Health issues associated with smoking cessation products are the major challenge impeding the smoking cessation and nicotine de-addiction market growth. Growing awareness about the health issues associated with smoking cessation products, such as nicotine chewing gum, nicotine patches, lozenges, and e-cigarettes, may hinder the growth of the market during the forces period. Long-term use of nicotine chewing gum can cause various health problems, such as hair loss, skin irritation, elevated blood pressure, irregular heartbeat, insulin resistance, gastrointestinal issues, and nausea.
People who use nicotine chewing gum face problems with their teeth and jaw because of continuous chewing. The side effects of nicotine patches include skin irritation, itching, dizziness, and headache. E-cigarettes produce dangerous chemicals such as acetaldehyde, acrolein, and formaldehyde, which can cause lung and cardiovascular diseases. These cigarettes contain acrolein, which can cause issues such as acute lung injury and chronic obstructive pulmonary disease (COPD). Thus, awareness about health issues associated with smoking cessation products is expected to hamper market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates?in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Smoking Cessation and Nicotine De-addiction Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market
Pfizer - The company's key offerings include smoking cessation and nicotine de-addiction guidance. Under its unified segment, the company is engaged in the discovery, development, manufacturing, marketing, sales, and distribution of biopharmaceutical products worldwide.
We market also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including :
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The smoking cessation and nicotine de-addiction market share growth by the drug stores and retailers segment will be significant during the forecast period. The drug stores and retailers segment is a major market segment in 2022. Emerging technologies and expanded customer services at some of the largest retail pharmacies are helping them earn customer loyalty. They help keep customers informed about treatment and provide seamless access to quality drugs and pharmaceuticals across the supply chain. However, sales in this segment have been steadily declining over the years due to the growing popularity of online shopping. To increase sales through offline channels, vendors are expanding their businesses into local and regional markets. Vendors sell their products through both specialty stores and other retail formats. This scenario also increases competition in the market. Therefore, the market is expected to witness decent growth in segment revenue during the forecast period.
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The drug stores and retailers segment showed a gradual increase in market share with 11,219.36 million in 2017 and continued to grow by 2021. Furthermore, our report provides a brief analysis of the historical and forecast market share and their segments along with the reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of smoking cessation and nicotine de-addiction products, which is driven by an increase in the global demand for the smoking cessation and nicotine de-addiction industry.
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North America is projected to contribute 32% by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The smoking cessation and nicotine de-addiction market in North America is expected to register high growth during the forecast period as many people are trying to quit smoking in this region. In 2022, the US was the largest revenue contributor to the regional market. Deaths due to smoking are increasing in North America. According to the Centers for Disease Control and Prevention (CDC), tobacco use causes 7 million deaths every year. More than 480,000 deaths due to cigarette smoking and more than 41,000 deaths due to passive smoking are reported each year in the US. Tobacco smoking can cause respiratory diseases, cancer, and heart diseases. With the growing awareness about the harmful effects of cigarette smoking, an increasing number of people are trying to quit smoking, which, in turn, is driving the market growth in North America.
The outbreak of COVID-19 posed a significant threat in the region. To stop the spread of COVID-19, measures such as the imposition of lockdowns and trade restrictions were implemented. This disrupted the supply chain, which negatively impacted the growth of the market. In 2021, due to the initiation of large-scale vaccination programs, consumers could finally go out of their homes, which increased sales through offline sales channels. Therefore, due to rising consumer awareness, the market in North America is expected to witness high growth during the forecast period.
Our smoking cessation and nicotine de-addiction market research report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by distribution channel, product, and region.
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Smoking Cessation and Nicotine De-addiction Market Scope |
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Report Coverage |
Details |
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Page number |
167 |
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Base year |
2022 |
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Historical year |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.59% |
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Market growth 2023-2027 |
USD 24,529.75 million |
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Market structure |
Fragmented |
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YoY growth (%) |
12.4 |
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Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
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Performing market contribution |
North America at 32% |
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Key countries |
US, Canada, Germany, UK, China, and India |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Alchem International Pvt. Ltd., Alkalon AS, Alvogen, Axcentria Pharmaceuticals, British American Tobacco Plc, Cambrex Corp., CHEMNOVATIC Sp. z o.o. Sp. k, Cipla Ltd., Dr. Reddys Laboratories Ltd., Enorama Pharma AB, Imperial Brands Plc, Japan Tobacco Inc., Johnson & Johnson, Lil Drug Store Products Inc., Perrigo Co. Plc, Pfizer Inc., Philip Morris International, Qnovia, Tvape, and Walgreen Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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