Smoking Cessation Market Analysis by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Smoking Cessation Market Size, Share, Development, Growth and
Demand Forecast to 2020
Smoking Cessation Market Size, Share, Development, Growth and
Demand Forecast to 2020
The global smoking cessation market is growing due to growing awareness about health problems
associated with smoking and growing acceptance rate of smoking cessation products. On the basis
of products, the electronic cigarette segment is expected to grow with the fastest rate during the
forecasted period. Nicotine gums led the nicotine replacement therapy market; however, the
nicotine lozenges are expected to grow with the fastest rate during the projected period. The
innovation of products with better efficacy is also expected to pose as an opportunity for growth of
the market. The massive unexplored market of smoking cessation industry in the developing
economies is creating abundant growth opportunities for the global market.
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Some of the major trends in the market are increasing number of collaborations and partnerships,
growing number of merger and acquisitions, and growing number of product launches. Tobacco
addition can lead to various serious health problems. Smoking cessation is the process of
discontinuing tobacco smoking and it helps to reduce the risk of smoking related diseases. Nicotine
withdrawal symptoms may include feeling hungrier than usual, having trouble thinking, craving for
tobacco products, and feeling irritable, anxious and angry. According to the Centre for Disease
Control and Prevention in 2010, approximately 7 out of every 10 adult cigarette smokers wanted to
quit smoking completely.
Some of the factors driving the growth of the global smoking cessation market are increasing
number of smokers, stringent laws for smoking such as ban on smoking in public place, increasing
government initiatives by distribution of smoking cessation products and higher taxes on tobacco
products. In addition, the increasing initiatives to create awareness about smoking health hazards,
increasing incidence of lung cancer and other diseases such as cardiac diseases and respiratory
disorders due to smoking, and increasing research and development for innovation of smoking
cessation products are also fueling the growth of the global market. However, the reluctance in
adoption of smoking cessation products, strict regulatory requirements for electronic cigarette as
medical device, restrictions and bans on the usage of electronic cigrrate, and lack of awareness of
nicotine de-addiction products are some of the factors restraining the growth of the global market.
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Smoking Cessation Market Size, Share, Development, Growth and
Demand Forecast to 2020
Geographically, North America is expected to dominate the global market in the coming years, due
to increasing number of smokers and growing awareness regarding health hazards associated with
smoking. Asia-Pacific is expected to be the fastest growing region for the market, due to increasing
awareness about the smoking cessation products and large pool of patients in the region. In
addition, the Asia-Pacific market is growing due to increasing prevalence of health complications
associated with smoking in the emerging countries, such as India and China.
Some of the companies operating in the global smoking cessation market are Johnson & Johnson
Limited, GlaxoSmithKline PLC, Sanofi, Pfizer, Actavis Inc., Imperial Tobacco Company of India
Limited, Cipla Ltd., Takeda Pharmaceuticals Co. Ltd., Imperial Tobacco Company, Revolymer
Limited, McNeil AB, Boehringer Ingelheim Gmbh, Sun Pharmaceutical Industries Inc., and Novartis
Inernational Inc.
Global Smoking Cessation Market Segmentation
By Products
 Nicotine Replacement Therapy (NRT) Products
o Nicotine transdermal patches
o Nicotine gums
o Nicotine sprays
o Nicotine lozenges
o Others
 Nicotine Inhalers
 Nicotine Sublingual Tablets
 Prescription Drugs
 Electronic Cigarette
By Geography
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

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North America
Europe
Asia-Pacific
Rest of the World
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Smoking Cessation Market Size, Share, Development, Growth and
Demand Forecast to 2020
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