key driving factor for the market growth is the increasing prevalence of a plethora of target diseases such as respiratory disorders, cardiac diseases, and lung cancer stemming from smoking.
The introduction of new nicotine replacement products that aim to relieve nicotine cravings and; hence, aid in reducing the urge to smoke is also estimated to enhance penetration rates of these products. Novel products with improved flavor and minimal side-effects that serve as nicotine replacement therapy include various nicotine chewing gums in different flavors, such as fresh mint, ice mint, and fresh fruit.
The global market for cessation and nicotine de-addiction is projected to achieve this growth at a CAGR of 14% over the course of the forecast period.
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The report on the global Cessation and Nicotine De-Addiction market is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. It compiles in-depth information and research methodologies. It is also combined with relevant charts and tables to enable readers to get a better perspective of this global market.
Top Key Players: Kimree Technology Co., GSK, Johnson& Johnson, Dr. Reddyâs Laboratories, Novartis AG, The Harvard Drug Group among others.
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global Cessation and Nicotine De-Addiction market. It also gauges the bargaining power of suppliers and buyers, threat from new entrants and product substitute, and the degree of competition prevailing in the market. The influence of the latest government guidelines is also analyzed in detail in the report. It studies the Cessation and Nicotine De-Addiction market’s trajectory between forecast periods.
Product Type Segmentation
- Drug therapy
- Nicotine Replacement Therapy (NRT)
- Electronic cigarettes (E-cigarettes)
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For the purpose of the study, the global Cessation and Nicotine De-Addiction market is segmented based on various parameters. An in-depth regional classification of the market is also included herein. The factors which are impacting the market’s growth are studied in detail. The report also presents a round-up of vulnerabilities which companies operating in the market must avoid in order to enjoy sustainable growth through the course of the forecast period. Besides this, profiles of some of the leading players operating in the global Cessation and Nicotine De-Addiction market are included in the report. Using SWOT analysis, their weaknesses and strengths are analyzed. It also helps the report provide insights into the opportunities and threats that these companies may face during the forecast period.
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