Smoking Cessation Aids Industry Overview
|Study Period:||2018 - 2028|
|Fastest Growing Market:||Asia-Pacific|
|Largest Market:||North America|
*Disclaimer: Major Players sorted in no particular order
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Smoking Cessation Aids Market Analysis
The smoking cessation aids market is expected to witness a CAGR of 12.5% during the forecast period.
The impact of the COVID-19 pandemic is being felt across several markets. According to a study titled, “Association between Youth Smoking, Electronic Cigarette Use, and COVID-19,” published in October 2020, the COVID-19 diagnosis was five times more likely among users of e-cigarettes only but is also associated with the dual risk of e-cigarettes and cigarettes, hence, suggesting that e-cigarettes can be underlying risk factors for COVID-19. According to an article published in the official journal of ENSP, the European Network for Smoking and Tobacco Prevention, in September 2020, by Himanshu S. Gupte, tobacco use raises the risk of infection, increases the likelihood of complications, and increases the likelihood of the disease spreading. Only 30% of users said the current situation had influenced their tobacco use, with the most common effects being a lack of tobacco products and higher prices. During the lockdown, 34% of tobacco users quit tobacco in the population studied. Of this, 51% quit because of the lockdown and their concerns over COVID-19. Thus, the COVID-19 pandemic significantly impacted the smoking cessation aids market.
Smoking is one of the major causes of lung cancer and other respiratory and cardiac diseases. Awareness about these health hazards has influenced individuals to adopt smoking cessation therapies. The awareness gained by individuals through digital media, print media, and other sources of information has proved to be effective in curbing the nicotine addiction crisis to some extent.
Cigarette smoking remains the leading cause of preventable disease, disability, and death. According to the Centers for Disease Control and Prevention (CDC), in 2019, nearly 14 of every 100 US adults aged 18 years or older (14%) smoked cigarettes. This suggests a huge opportunity for de-addiction products. Also, this depicts growing awareness among people and their readiness to quit smoking. There are also non-government and government establishments working to educate and help people quit smoking and decrease the number of smokers. For example, "Tips from Former Smokers" is a campaign run by the Center for Disease and Control Prevention. Between 2012 and 2018, approximately 1 million people quit smoking as a result of Tips. Another 16 million people attempted to quit as a result of the campaign, and 129,000 people prevented premature death as a result of it.
Increasing product launch approvals by regulatory authorities are expected to boost the market over the forecast period. For instance, in July 2020, Dr Reddy's Laboratories launched OTC Nicotine Polacrilex Lozenges in the US. The nicotine lozenge brands and store brand markets witnessed retail sales of about USD 200 million in 2020 in the US. The product is a significant addition to the company’s offering of Nicotine Replacement Therapies. Similarly, in April 2020, Philip Morris Products SA’s product IQOS Tobacco Heating System was authorized by the US Food and Drug Administration (USFDA) for marketing and distribution. These factors are considered to be the major factors contributing to the market’s growth.
Smoking Cessation Aids Industry Segments
As per the scope of the report, tobacco use can lead to tobacco/nicotine dependence and serious health problems. Quitting smoking greatly reduces the risk of developing smoking-related diseases. Tobacco/nicotine dependence is a condition that often requires repeated treatment, but there are helpful treatments and resources for quitting. Tobacco smoke contains a deadly mix of more than 7,000 chemicals, of which hundreds are harmful, and about 70 can cause cancer. The smoking cessation aids market is segmented by products (nicotine replacement therapy, drugs, electronic cigarettes, and other products), end user (hospital pharmacies, online channels, retail pharmacies, and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.
|Other End Users|
Smoking Cessation Aids Market Trends
This section covers the major market trends shaping the Smoking Cessation Aids Market according to our research experts:
E-cigarettes Technology Expected to Show Steady Growth over the Forecast Period
E-cigarettes are battery-operated electronic cigarettes that are less toxic than traditional cigarettes. Electronic cigarettes, also known as e-cigs, e-vaping devices, vape pens, and electronic cigarettes, are made up of three main parts: a heating coil, a battery, and an e-liquid cartridge.
E-cigarettes are considered a healthy alternative to tobacco cigarettes and are estimated to be the fastest-growing segment over the forecast period. E-cigarettes are an effective alternative for reducing health conditions associated with tobacco, while nicotine replacement therapies work best for smoking cessation. E-cigarettes are a potential threat to tobacco-based cigarettes.
At the same time, they present an opportunity for tobacco manufacturers to enter a new emerging segment catering to the smoking population. Consumption of e-cigarettes is less harmful compared to regular cigarettes. The lack of smoke and no risk of passive smoking, permission to use even in no-smoking places, varying nicotine levels, and availability in various flavors are major driving factors for the e-cigarettes market. In addition, the increasing popularity of e-cigarettes backed by their electronic features is considered to be the major factor contributing to their increasing demand.
Additionally, regulatory authorities have approved e-cigarettes marketing. For instance, in October 2021, the US Food and Drug Administration issued marketing granted orders to RJ Reynolds (RJR) Vapor Company for its Vuse Solo closed electronic nicotine delivery system (ENDS) device and accompanying tobacco-flavored e-liquid pods, specifically, Vuse Solo Power Unit, Vuse Replacement Cartridge Original 4.8% G1, and Vuse Replacement Cartridge Original 4.8% G2. Thus, all these aforementioned factors are expected to boost the segment over the forecast period.
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Asia-Pacific Expected to Show Fastest Growth over the Forecast Period
Asia-Pacific is expected to be the fastest-growing region for the market due to increasing awareness about smoking cessation and nicotine de-addiction products and a huge population. In a study titled "Tobacco Smoking and Mortality in Asia," published by JAMA Network in March 2019, an international collaboration of researchers, led by those from Vanderbilt University, US, studied the trends in tobacco use in China, Japan, South Korea, Singapore, Taiwan, and India. It was estimated that 8.3 million deaths will be attributed to smoking by 2030, half of the world's male smokers live in China, India, and Indonesia, and Asia is the world's largest tobacco consumer and producer.
In January 2021, the World Health Organization launched an anti-tobacco campaign, which aims to create a favorable environment by promoting strong smoking cessation policies, raising awareness of the tobacco industry's various tactics (such as organizing campaigns and engaging lobbyists to influence policy), and encouraging tobacco users to quit. Thus, rising awareness among individuals about smoking cessation is expected to drive the smoking cessation aids market over the forecast period.
North America is also found to be dominating the smoking cessation market due to its established healthcare infrastructure and rising disposable incomes.
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Smoking Cessation Aids Market Competitor Analysis
The players in the smoking cessation aids market utilize various growth strategies, such as collaborations, partnerships, agreements, mergers, and acquisitions, to enhance their presence. The introduction of new products and collaborations with governments and NGOs to create awareness of smoking cessation also boost the market growth.
Smoking Cessation Aids Market Top Players
Johnson and Johnson
Takeda Pharmaceuticals Co. Ltd.
*Disclaimer: Major Players sorted in no particular order
Smoking Cessation Aids Market Recent Developments
· In May 2021, JB Chemicals & Pharmaceuticals launched medicated nicotine lozenges to help reduce the urge to consume or smoke tobacco.
· In December 2021, NFL Biosciences SA, a biopharmaceutical company that is developing botanical drugs for the treatment of addictions, launched its CESTO II Phase II/III clinical trial to assess the efficacy and safety of its NFL-101 smoking cessation treatment.
Smoking Cessation Aids Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Large Population Addicted to Smoking
4.2.2 Awareness of the Hazards of Smoking
4.2.3 Banning Advertisements of Tobacco Products
4.3 Market Restraints
4.3.1 Adverse Effects of Drugs
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Nicotine Replacement Therapy
126.96.36.199 NRT Gum
188.8.131.52 NRT Lozenges
184.108.40.206 NRT Inhalers
220.127.116.11 NRT Patches
5.1.3 Electronic Cigarettes
5.1.4 Other Products
5.2 End User
5.2.1 Hospital Pharmacies
5.2.2 Online Channels
5.2.3 Retail Pharmacies
5.2.4 Other End Users
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
5.3.4 Middle-East and Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East and Africa
5.3.5 South America
22.214.171.124 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.2 Pfizer Inc.
6.1.3 GlaxoSmithKline PLC
6.1.4 F. Hoffmann-La Roche AG
6.1.5 Novartis AG
6.1.6 Johnson and Johnson
6.1.7 Bayer AG
6.1.8 Cipla Ltd
6.1.9 Takeda Pharmaceuticals Co. Ltd
6.1.10 British American Tobacco PLC
6.1.11 Kimree Technology
6.1.12 Imperial Tobacco
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Smoking Cessation Aids Market Research FAQs
What is the study period of this market?
The Smoking Cessation Aids Market is studied from 2018 - 2028.
What is the growth rate of Smoking Cessation Aids Market?
The Smoking Cessation Aids Market is growing at a CAGR of 12.5% over the next 5 years.
Which region has highest growth rate in Smoking Cessation Aids Market?
Asia-Pacific is growing at the highest CAGR over 2018 - 2028.
Which region has largest share in Smoking Cessation Aids Market?
North America holds highest share in 2021.
Who are the key players in Smoking Cessation Aids Market?
Johnson and Johnson, Takeda Pharmaceuticals Co. Ltd., NJOY, Pfizer Inc., Cipla Ltd. are the major companies operating in Smoking Cessation Aids Market.
Smoking Cessation Aids Industry Reports
In-depth industry statistics and market share insights of the Smoking Cessation Aids Market sector for 2020, 2021, and 2022. The Smoking Cessation Aids Market research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Smoking Cessation Aids Market report PDF.