Albany, NY -- (SBWire) -- 08/13/2015 --Transparency Market Research in its study on smoking cessation and nicotine de-addiction products market states that nicotine addiction is one of the main causes of deaths worldwide. Smoking is a widespread epidemic, which is rapidly spreading among the global population at noticeably high rates. One of the effective ways to quit smoking is through the use of various medicines. This terminology is described as smoking cessation in the field of medicine. According to the report 'Smoking Cessation and Nicotine De-addiction Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,' the global smoking cessation and nicotine de-addiction products market was estimated to be worth US$5.1 billion in 2012 and is further expected to rise at a CAGR of 8.7% during the forecast period 2013-2019. At this rate, the market is expected to reach a value of US$16.02 billion by the end of 2019.
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Smoking cessation is a medical terminology and an effective method that involves assistance from psychotherapy, healthcare professionals, and thorough counseling. An analyst at TMR states that there are roughly around 1.1 to 1.3 billion tobacco users across the globe. It is estimated that in the next two decades this figure is likely to rise to 1.6 billion. However, with global awareness and campaign drives regarding the hazards related to smoking and the risks associated with this addiction, several healthcare organizations as well as people who wish to quit smoking are demanding smoking cessation products.
This report studies the global smoking cessation and nicotine de-addiction products market from the outlook of several product types available in the global market. Smoking cessation products typically include drug therapy, e-cigarettes, and nicotine replacement therapy (NRT) products. The NRT products market is further segmented into transdermal patches, nicotine containing gums, sublingual tablets, lozenges, sprays, and nasal inhalers. Among these products, NRT products supply low doses of nicotine directly into the users' bloodstream by the means of mouth sprays, flavored inhalers, patches, nicotine gums, lozenges, and tablets. These forms are quite popular on the market and highly effective during consumption. Especially, the market for nicotine gums had a value of US$995.5 million in 2012.
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Lozenges and nicotine patches are often used in smoking cessation therapies as some of the commonly available therapies obtainable without the need of a physician's prescription. On the other hand, nicotine sprays and inhalers are less popular in the global market due to their high cost. The report also provides names of some prominent brands such as Chantix/Champix and Zyban, which are used for smoking cessation. According to the study, Nicorette is the most popular brand in the NRT segment of the smoking cessation and nicotine de-addiction market. Some of the other major players in the NRT product market are Novartis, Cipla, Glaxo Smith Klien (GSK), and Johnson and Johnson.
Browse Full Smoking Cessation and Nicotine De-addiction Products Market (Nicotine Gums, Patches, Lozenges, Inhalers, Sprays, Sublingual Tablets, Zyban, Chantix/Champix, E-cigarettes) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Research Report With Full TOC @ http://www.transparencymarketresearch.com/smoking-cessation-nicotine-de-addiction-products.html
The report provides information on each of these market players based on parameters such as product portfolio, business strategies, company overview, financial overview, and recent developments.
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Thriving NRT Products Will Help Smoking Cessation and Nicotine De-Addiction Products Market Reach US$16.02 Billion by 2019
Transparency Market Research Report Added "Smoking Cessation and Nicotine De-addiction Products Market" to its database.