Smoking Cessation and Nicotine De-addiction Products Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis

Smoking Cessation and Nicotine De-addiction Products Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis

Worldwide Market Reports added Latest Research Report titled “Smoking Cessation and Nicotine De-addiction Products Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis” to its Large Report database.

The Global Smoking Cessation and Nicotine De-addiction Products Market was valued at US$ 11,285.7 million in 2015 and is projected to expand at a CAGR of 17.3% during the forecast period (2016-2024), as highlighted in a new report published by Coherent Market Insights. Rise in awareness regarding the hazardous effects of smoking and nicotine consumption is expected to fuel growth of smoking cessation and nicotine de-addiction products market in the near future.

Request for Sample Copy of Research Report: https://www.worldwidemarketreports.com/sample/187560

Intervention for smoking cessation by the population is an urgent need, as the health hazards due to use of tobacco is increasing globally and is especially prevalent in emerging economies. There are different stages of smoking cessation such as pre-contemplation (the initial thought of quitting), contemplation (when a person decides it is time to quit smoking) and so on. Action is when the attempt is made at least for 24 hours and finally maintenance is when a person is smoke-free for over six months. According to The Indian Journal of Chest Diseases & Allied Sciences, published in 2014, the first-line of treatment part of smoking cessation consists of nicotine replacement therapy, bupropion and varinicline, and clonidine and nortriptalin as a second-line of treatment. Furthermore, in 2014, according to the World Health Organization (WHO), there were around 1,100 million smokers worldwide, which includes around one-third of the global population aged 15 years. The emerging economies accounted for around 70% of the global smoker population. Due to use of tobacco products, around three million deaths occur every year and two-thirds of these are recorded emerging economies. Increasing awareness among the populace is a key factor fueling growth of the smoking cessation and nicotine de-addiction products market over the forecast period. Also, various innovations in the field of drugs and therapies by various companies in the form of various nicotine gums and e-cigarettes is expected to favor growth for smoking cessation and nicotine de-addiction products in the near future. Changing lifestyle leading to high prevalence of anxiety and depression globally is leading to a high number of smokers worldwide, which in turn is expected to support growth in smoking cessation and nicotine de-addiction products in the near future.

Request for Discount @ https://www.worldwidemarketreports.com/discount/187560

There are various government programs in different regions that are responsible to create awareness about the hazards of smoking on the human body, this in turn is expected to favor the market for smoking cessation and nicotine de-addiction products in the near future. Lack of funding for tobacco-prevention and cessation programs has been a major factor curtailing market growth. According to Robert Wood Johnson Foundation, in 2007, there were only three states in the U.S. that met the level of funding for Centers for Disease Control and Prevention (CDC). This in turn hinders growth of the smoking cessation and nicotine de-addiction products market.

According to American Journal of Preventive Medicine, in 2010, among the 43.4 million smokers in the U.S., 70% wanted to quit smoking and around 40% made at least one serious quit attempt every year. As a result, rise in interest and increase in demand for tobacco and smoking cessation products and services creates significant opportunity to reduce tobacco use across all age groups. Governments are focused on accepting latest innovation in the field of smoking cessation products, for instance, in 2013, German Cancer Research Center, Heidelberg, and The European Commission revised the directive on tobacco products to include e-cigarettes in the tobacco products directive, as such products have been available in Europe since 2006 and were very inconsistently regulated across member states. The inclusion of novel products such as e-cigarettes and nicotine gum are projected to favor the smoking cessation and nicotine de-addiction products market over the forecast period.

Request for Table of Content :https://www.worldwidemarketreports.com/toc/187560

** If you have any special requirements, please let us know and we will offer you the report as you want.

About WMR

Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.

Contact Us:

Mr. Shah

Worldwide Market Reports

1001 4th Ave,

#3200

Seattle, WA 98154,

U.S

Tel: +1 415 871 0703

Email:[email protected]

Visit our website for more details:https://www.worldwidemarketreports.com

Visit our new website for latest News:https://www.industrychronicle.com

Share This Post