Potential Risks and Side Effects may Drive Consumers Away from Smoking Cessation Products

The global smoking cessation products market study presents an all in all compilation of the historical, current and future outlook of the market as well as the factors responsible for such a growth. With SWOT analysis, the business study highlights the strengths, weaknesses, opportunities and threats of each smoking cessation products market player in a comprehensive way. Further, the smoking cessation products market report emphasizes the adoption pattern of the smoking cessation products market across various industries.

According to the latest study published by Fact.MR, the smoking cessation products market is expected to witness impressive a 12% y-o-y volume growth in 2018 0ver 2017. The study analyzes macro and microeconomic factors that facilitate the recent developments in the smoking cessation products market, to predict future prospects of the market. Ongoing anti-tobacco movements and increasing sales of electronic cigarettes (e-cigarettes) as a smoking cessation product are key drivers for the smoking cessation products market, according to Fact.MR.

The smoking cessation products market report highlights the following players:

• Johnson & Johnson Inc.


• GlaxoSmithKline plc


• Pfizer, Inc


• Perrigo Company plc


• Cipla Ltd.


• ITC Limited


• Reynolds American Inc


• Imperial tobacco ltd.


• Fertin Pharma


• Alkalon A/S

The smoking cessation products market report examines the operating pattern of each player – new product launches, partnerships, and acquisitions – has been examined in detail.

Important regions covered in the smoking cessation products market report include:

• North America


• Latin America


• Europe


• APAC


• MEA

The smoking cessation products market report takes into consideration the following segments by product type:

• Gum


• Patches


• Lozenges


• Inhaler


• Nasal Spray

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E-cigarettes – the Most Commonly Used Smoking Cessation Product is Witnessing Burgeoning Demand

Despite the ongoing controversies about benefits and hazards of e-cigarettes, most consumers are preferring to adopt e-cigarettes as a smoking cessation product. The recent rise in sales of e-cigarettes is mainly attributed to the rise in its demand among young-adult smokers.

The Centers for Disease Control and Prevention (CDC) released the ‘2016 National Youth Tobacco Survey (NYTS)’, which finds that e-cigarettes are the most popular smoking cessation product among high school students in the U.S. The 2018 NYTS revealed that use of e-cigarettes among high school students increased by whopping 78% during 2011-2018. The adolescent population is resorting to e-cigarettes as a smoking cessation product over its other types, and its reasons may be traced back to the USB flash drive-like shape and the availability of interesting flavors of e-cigarettes.

The persistent popularity of e-cigarettes is making a significant impact on imperative business strategies of smoking cessation products market players. Manufacturers in the smoking cessation products market, such as British American Tobacco plc and Imperial Brands PLC, are planning to boost investments in their e-cigarette facilities to envisage incremental growth in smoking cessation products market in coming years.

The smoking cessation products market report contain the following end uses:

• Hospital Pharmacies


• Drug Stores


• Retail Stores


• Online Stores

The smoking cessation products market report offers a plethora of insights which include:

• Changing consumption pattern among individuals globally.


• Historical and future progress of the global smoking cessation products market.


• Region-wise and country-wise segmentation of the smoking cessation products market to understand the revenue, and growth lookout in these areas.


• Accurate Year-on-Year growth of the global smoking cessation products market.


• Important trends, including proprietary technologies, ecological conservation, and globalization affecting the global smoking cessation products market.

Developed Regions Account for Over 80% Revenue Share in the Smoking Cessation Products Market

Though smoking cessation products are ubiquitous across the globe, the regional markets for smoking cessation products in North America and Europe are the most lucrative markets for stakeholders, according to the Fact.MR study. The study finds that manufacturers in smoking cessation products markets in the U.S. and Europe fathom that tobacco smoking has reached epidemic proportions in these regions, which is reflected in the recent developments in their vital strategies.

Growing demand for smoking cessation products in North America and Europe can be underpinned by the alarming rise in adoption of tobacco products, especially across a young-adult demographic in these regions. According to a survey on Adult Smoking Habits in the UK: 2017, people aged 25 to 34 years had the largest proportion of current smokers in the UK. In the U.S., over 38 million adults smoked cigarettes in 2016 and the largest increase in quitting was among a young-adult demographic in the country, according to the CDC.

To capitalize on the increased willingness of the millennial population in developed countries in North America and Europe, leading manufacturers in the smoking cessation products market are likely to concentrate most of their efforts into these regions in the foreseeable future.

The Fact.MR report assesses the smoking cessation products market growth for the period 2018-2028 to find that it is envisaged to grow at a10.8% volume CAGR through 2028.

The smoking cessation products market report answers important questions which include:

• Which regulatory authorities have granted approval to the application of smoking cessation products market in retail industry?


• How will the global smoking cessation products market grow over the forecast period?


• Which end use industry is set to become the leading consumer of smoking cessation products market by 2028?


• What manufacturing techniques are involved in the production of the smoking cessation products market?


• Which regions are the smoking cessation products market players targeting to channelize their production portfolio?

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