The Quit Smoking Drugs Global Market Report 2023, provides comprehensive information on the quit smoking drugs market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global quit smoking drugs market size is expected to grow from $8.39 billion in 2022 to $9.10 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global quit smoking drugs market size is expected to grow to $12.40 billion in 2027 at a CAGR of 8.0%.
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Product innovations are a key trend in gaining popularity in the quit smoking drugs. Major companies operating in the quit-smoking drug market are focused on innovating products to strengthen their position in the market. For instance, in August 2022, Swedish Match AB, a Sweden-based tobacco company, launched ZYN Tobacco Gold, a tobacco flavored, nicotine pouch in travel retail. Tobacco Gold is available in medium (3 mg) and strong (6 mg) strengths. The pouches’ sweet tobacco flavor, which is reminiscent of dried fruit, wood, and caramel, satisfies consumer desires since tobacco has emerged as the most popular flavor to help consumers opt for reduced-risk alternatives that are both tobacco-free and smoke-free. It provides a solution for cigarette smokers who not only want to prevent the consumption of tobacco but also enjoy a nicotine kick in smoke-free environments.
The quit smoking drugs market is segmented:
1) By Product: Drug Therapy, E-Cigarettes, Nicotine Inhalers, Nicotine Replacement Therapies, Nicotine Sublingual Tablets
2) By Drug: Varenicline (Chantix), Bupropion (Zyban), Other Drugs
3) By Distribution: Drug Store, Online Pharmacies, Retail Pharmacies
North America was the largest region in the quit smoking drugs market in 2022.
The table of contents in TBRC’s quit smoking drugs market report includes:
1. Executive Summary
2. Quit Smoking Drugs Market Characteristics
3. Quit Smoking Drugs Market Trends And Strategies
4. Quit Smoking Drugs Market – Macro Economic Scenario
5. Quit Smoking Drugs Market Size And Growth
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26. Africa Quit Smoking Drugs Market
27. Quit Smoking Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Quit Smoking Drugs Market
29. Quit Smoking Drugs Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Century Group,
- Alkalon A/S
- Cipla Limited
- Dr. Reddy’s Laboratories
- GSK Plc
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