Albany, NY -- (SBWire) -- 05/29/2018 --Growing number of smoking cessation programs and rehabilitation programs across regions has led to the adoption of de-addiction products by end-users. Awareness generated by these programs about the health hazards pertaining to smoking has encouraged users to adopt de-addiction products, thereby contributing significantly towards the growth of smoking cessation and nicotine de-addiction products market. In its newly added report titled, 'Smoking Cessation and Nicotine De-Addiction Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2023', Market Research Hub (MRH) provides valuable insights on the impact of recent market trends and developments on the growth of the market.
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Pharmaceutical industries are fast achieving the objective of producing anti-smoking medication; owing to the growing demand for smoking cessation de-addiction products by end-users. Manufacturers are administering ways to increase production in order to benefit more end-users.
According to recent reports, J&J has confirmed about its plan to expand production at its manufacturing unit at Sweden. The unit will primarily focus on accelerated production of Nicorette, the nicotine-replacement product, first introduced in Sweden. The brand includes gums and patches that aid the endeavors of smokers to quit smoking. In order to reach more end-users, this new manufacturing unit will increase production.
Manufacturers are directing their investments towards product expansion of de-addiction products, aiming to meet end-user expectations. A recently published report confirmed that Glaksosmith Kline (GSK), one of the top pharmaceutical companies purchased stakes in the consumer health care unit of Novartis. The unit includes de-addiction products of Novartis, under the brand name, Nicotinell. The venture envisions to increase cash flows and improve pharmaceuticals and R&D domains of de-addiction products to reach end-user expectations.
Vital perspectives summarized in the report offers crucial information and in-depth understanding concerning the influence of growth of segments on the market. In this section, the report outlines important segments of the market which include product type, drug therapy, and region. Based on product type the market is segmented as gums, patches, sprays, inhalers, lozenges, and sub lingual tablets. On the basis of therapy, the market is segmented as Bupropione and Varenicline.
Browse Full Report with TOC- https://www.marketresearchhub.com/report/smoking-cessation-and-nicotine-de-addiction-products-market-nicotine-gums-patches-lozenges-inhalers-sprays-sublingual-tablets-zyban-chantixchampix-e-cigarettes-global-industry-analysis-size-share-growth-trends-and-forecast-2013-2019-report.html
Besides segmentation, the report presents information about the segmentation of market based on different regions. On the basis of region, the market is segmented as Europe, Asia Pacific, North America, and rest of the world. Insights cited in the report enlightens the readers on the impact of various policies administered by the market players in different regions. On the basis of these crucial insights, leading players can identify the recent developments and trends that are prevalent in the market. These valuable perspectives will allow the readers to design informed plans and goals to achieve quick results.
Significant information presented in the report outlines an elaborate summary of the strategies implemented by key players across the industry. Vital information encapsulated in the report highlights various insights pertaining to the marketing tactics administered by key players and their effect on the growth of the market. On the basis of these inferences, companies can formulate the strategy applied by key players and design accurate investment plans that ensure adequate returns. Some of the leading players identified include, Cipla Ltd., GlaxoSmithKline plc, Imperial Tobacco Company of India Limited, McNeil AB, NJOY, Inc., Novartis International AG, Pfizer, Inc., Revolymer PLC, Takeda Pharmaceutical Co., Ltd. among others.
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Smoking Cessation and Nicotine De-Addiction Products Market: Growing Awareness About Tobacco Induced Health Hazards to Boost Growth
Global smoking cessation and nicotine de-addiction products market will be worth US$20.5 bn by 2023 from US$9.3 bn in 2017, as the market progresses at a robust CAGR of 14% between 2017 and 2023.