Smoking Cessation and Nicotine De-Addiction Market Share, Growth, Trends, Demand, by 2031

Tobacco kills over 7 million people every year, as per the World Health Organization (WHO). More than 6 million such deaths are caused by direct tobacco use, whereas approximately 1.3 million are caused by nonsmokers being subjected to secondhand smoke. 80% of the world’s 1.2 billion tobacco users live in low- and middle-income nations, which bear the greatest cost of tobacco-related sickness and death. In 2021, 64.3% of children (middle and high school students) who used smoking cessation medicine or products planned to discontinue using all tobacco products.

Tobacco and cigarette addicts can benefit from smoking cessation products. Electronic cigarettes, nicotine replacement therapy (NRT), and therapeutic medication such as nicotine receptor agonists and antidepressants are examples of smoking cessation medicines and tobacco cessation methods that aid in stopping smoking and preventing illness associated with smoking. As a result, the increase in the number of users who quit smoking due to the use of quit-smoking products is a major aspect propelling the global smoking cessation and nicotine de-addiction market.

The global smoking cessation and nicotine de-addiction market is anticipated to reach US$ 27.84 Bn by 2031, advancing at a CAGR of 10.2% from 2022 to 2031 (forecast period).

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Growing Popularity of E-Cigarettes to Boost Market Expansion 

The growing popularity of e-cigarettes is boosting the smoking cessation and nicotine de-addiction market. E-cigarettes do not emit carbon monoxide or tar, two of the most dangerous components of tobacco smoke. The liquid and mist include some of the same hazardous compounds present in cigarette smoke, although at far lower concentrations. The number of e-cigarette users climbed from 600,000 in 2012 to 2.6 million in 2019, then fell to 3.1 million in 2020 before climbing to 3.5 million again in 2021. E-cigarettes are becoming popular since they are safer than traditional cigarettes. E-cigarettes can also help consumers quit smoking traditional cigarettes. As a result, the surge in popularity of e-cigarettes over cigarettes among young users is boosting the global smoking cessation and nicotine de-addiction market.

North America to Dominate Global Market

North America is projected to dominate the global smoking cessation and nicotine de-addiction market during the forecast period. The United States is expected to be the largest revenue generator in smoking cessation and nicotine de-addiction market in North America. The growth of the United States can be attributed to the country’s relatively high use of e-cigarettes among youths. E-cigarette use among high school students in the United States went from 1.4% in 2011 to 18.6% in 2020.

Europe is also expected to experience growth in the global smoking cessation and nicotine de-addiction market during the forecast period. After the United States, the United Kingdom has the world’s second-biggest smoking cessation and nicotine de-addiction market. It is Europe’s largest smoking cessation and nicotine de-addiction market. Nicotine-containing over-the-counter smoking cessation products are the most popular nicotine replacement therapy (NRT) treatments in the United Kingdom. The European market is being driven by increased public awareness of the advantages of smoking cessation and a surge in the number of smoking cessation initiatives.

Leading players in the smoking cessation and nicotine de-addiction market are Johnson & Johnson (J&J), Pfizer Inc., Alkalon A/S, GlaxoSmithKline plc (GSK), Strides Pharma Science Ltd., Cipla Ltd., ITC Ltd., Takeda Pharmaceutical Company Ltd., JUUL Labs, Inc., and 22nd Century Group, Inc.

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