Dublin, Aug. 17, 2021 (GLOBE NEWSWIRE) -- The "Smoking Cessation Aids Market Forecast to 2028 - COVID-19 Impact and Global Analysis by\ Product (Nicotine Replacement Therapy, Drugs, Electronic Cigarettes, and Others) and End-User (Hospital Pharmacies, Online Channel, Retail Pharmacies, and Other End Users)" report has been added to ResearchAndMarkets.com's offering. According to this report the market is expected to reach US$ 64,032.30 million in 2028 from US$ 23,413.08 million in 2021. The market is estimated to grow with a CAGR of 15.5% from 2021-2028. Key factors that are driving the growth of this market are rising addiction toward tobacco smoking, increasing number of campaigns to reduce smoking and tobacco dependence. However, steeping costs for development of nicotine replacement therapies are likely to restrain the market growth in the future years to some extent.Based on end-user, the smoking cessation aids market is segmented into hospital pharmacies, online channel, retail pharmacies, and other end users. The retail pharmacies segment is likely to hold the largest share of the market in 2021, however the online channel segment is anticipated to register the highest CAGR of the market during the forecast period.The substance and tobacco abuse treatment industry is getting competitive every consecutive year with the introduction of new and innovative therapies by the smoking cessation aids market players. For instance, in July 2020, Dr Reddy's Laboratories announced the launch of over-the-counter Nicotine Polacrilex lozenges in the American market. The company launched Nicotine Polacrilex lozenges in the strengths of 2 mg and 4 mg in the US. Furthermore, the top players in the market are also collaborating with third parties to improve their existing product range of smoking cessation aids. For instance, in March 2016, GlaxoSmithKline partnered with a digital smoking cessation company 2Morrow to offer the GSK's Nicoderm CQ Patch to smokers who complete 2morrow's cessation program.In addition, medical devices such as nicotine-free e-cigarettes and vapes are being launched by market players at local and regional levels. For instance, the US based electronic cigarette company Juul Labs announced to launch its products in India by the end of 2019. In December 2018, the British American Tobacco (BAT) introduced two new e-cigarettes named Vype iSwitch Maxx and Vype iSwitch in five of BAT's VIP stores in London. Thus, the consistent launch of new and innovative smoking cessation aids would become a prevalent trend in the smoking cessation aids market in the coming years.COVID-19 outbreak was first observed in December 2019 in Wuhan (China), and it has spread to more than 100 countries across the world, with the World Health Organization (WHO) stating it as a public health emergency. The global impacts of COVID-19 are being felt across several markets. The findings show that e-cigarette usage and dual use of e-cigarettes and cigarettes are important underlying risk factors for COVID-19 that have previously not been established. As per the researchers, smoking is a risk factor for influenza, patients who smoke are immunosuppressed to some degree, and they make more mucus.Pfizer Inc.; GlaxoSmithKline plc.; Dr. Reddy's Laboratories; Johnson and Johnson Services, Inc.; Cipla Inc.; Perrigo Company plc; Bausch Health Companies Inc.; Glenmark; NJOY; and Juul Labs are among the leading companies operating in the smoking cessation aids market.
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Key Topics Covered:
1. Introduction
2. Smoking Cessation Aids Market - Key Takeaways
3. Research Methodology
4. Global Smoking Cessation Aids Market - Market Landscape4.1 Overview4.2 PEST Analysis4.3 Expert Opinions
5. Smoking Cessation Aids Market - Key Market Dynamics5.1 Market Drivers5.1.1 Rising Addiction of Tobacco Smoking5.1.2 Increasing Awareness Activities and Campaigns to Reduce Tobacco Usage and Dependence5.2 Market Restraints5.2.1 Steeping Costs for Development of Nicotine Replacement Therapies5.3 Market Opportunities5.3.1 E-cigarette Epidemic Among Youth5.4 Future Trends5.4.1 Introduction of New Smoking Cessation Aids5.5 Impact Analysis
6. Smoking Cessation Aids Market - Global Analysis6.1 Global Smoking Cessation Aids Market Revenue Forecast and Analysis6.2 Global Smoking Cessation Aids Market, By Geography - Forecast and Analysis6.3 Market Positioning of Key Players
7. Smoking Cessation Aids Market Analysis - By Product7.1 Overview7.2 Smoking Cessation Aids Market Revenue Share, by Product (2021 and 2028)7.3 Nicotine Replacement Therapy7.3.1 Overview7.3.2 Nicotine Replacement Therapy: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)7.4 Drugs7.4.1 Overview7.4.2 Drugs: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)7.5 Electronic Cigarettes7.5.1 Overview7.5.2 Electronic Cigarettes: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)7.6 Others7.6.1 Overview7.6.2 Others: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)
8. Smoking Cessation Aids Market Analysis - By End-User8.1 Overview8.2 Smoking Cessation Aids Market Share, by End-User, 2021 and 2028, (%)8.3 Hospital Pharmacies8.3.1 Overview8.3.2 Hospital Pharmacies: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)8.4 Online Channel8.4.1 Overview8.4.2 Online Channel: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)8.5 Retail Pharmacies8.5.1 Overview8.5.2 Retail Pharmacies: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)8.6 Other End Users8.6.1 Overview8.6.2 Other End Users: Smoking Cessation Aids Market - Revenue and Forecast to 2028 (US$ Million)
9. Smoking Cessation Aids Market - Geographic Analysis
10. Impact of COVID-19 Pandemic on Global Smoking Cessation Aids Market10.1 North America: Impact Assessment of COVID-19 Pandemic10.2 Europe: Impact Assessment Of COVID-19 Pandemic10.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic10.5 South and Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape11.1 Overview11.2 Growth Strategies Done by the Companies in the Market, (%)11.3 Organic Developments11.3.1 Overview11.4 Inorganic Developments11.4.1 Overview
12. Company Profiles12.1 Pfizer Inc.12.1.1 Key Facts12.1.2 Business Description12.1.3 Products and Services12.1.4 Financial Overview12.1.5 SWOT Analysis12.1.6 Key Developments12.2 GlaxoSmithKline plc.12.2.1 Key Facts12.2.2 Business Description12.2.3 Products and Services12.2.4 Financial Overview12.2.5 SWOT Analysis12.2.6 Key Developments12.3 Dr. Reddy's Laboratories12.3.1 Key Facts12.3.2 Business Description12.3.3 Products and Services12.3.4 Financial Overview12.3.5 SWOT Analysis12.3.6 Key Developments12.4 Johnson and Johnson Services, Inc.12.4.1 Key Facts12.4.2 Business Description12.4.3 Products and Services12.4.4 Financial Overview12.4.5 SWOT Analysis12.4.6 Key Developments12.5 Cipla Inc.12.5.1 Key Facts12.5.2 Business Description12.5.3 Products and Services12.5.4 Financial Overview12.5.5 SWOT Analysis12.5.6 Key Developments12.6 Perrigo Company plc12.6.1 Key Facts12.6.2 Business Description12.6.3 Products and Services12.6.4 Financial Overview12.6.5 SWOT Analysis12.6.6 Key Developments12.7 Bausch Health Companies Inc.12.7.1 Key Facts12.7.2 Business Description12.7.3 Products and Services12.7.4 Financial Overview12.7.5 SWOT Analysis12.7.6 Key Developments12.8 Glenmark12.8.1 Key Facts12.8.2 Business Description12.8.3 Products and Services12.8.4 Financial Overview12.8.5 SWOT Analysis12.8.6 Key Developments12.9 NJOY12.9.1 Key Facts12.9.2 Business Description12.9.3 Products and Services12.9.4 Financial Overview12.9.5 SWOT Analysis12.9.6 Key Developments12.10 Juul Labs12.10.1 Key Facts12.10.2 Business Description12.10.3 Products and Services12.10.4 Financial Overview12.10.5 SWOT Analysis12.10.6 Key Developments
13. Appendix
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