Smoking Cessation Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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 2031" 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 2021 to 2031 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.

Smoking Cessation Market Report Analysis

Smoking Cessation Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• 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.

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Product

• Chewing Gums
• Inhalers
• Lozenge
• Patch
• Spray
• Sublingual Tablets

By Therapy

• Nicotine Replacement Therapy
• Non-NRT Therapy
• E-Cigarette

By Distribution Channel

• Hospitals Pharmacies
• Drug Stores
• Retail Stores
• Online Stores

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
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Smoking Cessation Market Report Scope