The global smoking cessation and nicotine de-addiction products market is growing in patches; however, it is still dominated by developed countries. The analysts at Persistence Market Research have come up with a new publication titled “Smoking Cessation and Nicotine De-addiction Products Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025.” According to our analysts, growing internet penetration is boosting information dissemination and is expected to largely contribute towards the higher adoption of smoking cessation and nicotine de-addiction products. We have also noticed that North America market is expected to lead in terms of revenue generation for smoking cessation and nicotine de-addiction products during the forecast period. It has been observed that increasing patient awareness, rising disease burden and easy availability of de-addiction products through broad distribution channels are factors likely to impact market revenue growth.
Companies in the global market are focusing on internal and external capacity expansion, which ultimately increases contract development and manufacturing activities. NRT product manufacturers are adopting business partnerships, mergers and acquisitions as key development strategies in order to expand their global reach. While analyzing the different segments in the global smoking cessation and nicotine de-addiction products market, our analysts have noticed that electronic cigarette smoking is a growing trend and is expected to largely contribute towards market revenue growth. Online distribution is expected to witness significant CAGR in revenue terms over traditional channels such as hospital pharmacies.
By Product Type
By Distribution Channel
While inspecting the global smoking cessation and nicotine de-addiction products market, the negative growth rate for few of the product types has been derived from the sale of respective product/companies in respective regions. Macro-economic indicators such as smoking cessation and nicotine de-addiction products market outlook, active and passive smokers, and others have been considered to arrive at the indicated market numbers. Bottom-up approach has been used to assess market numbers in the global smoking cessation and nicotine de-addiction products market, while the top-down approach has been used to counter-validate the reached market numbers.
In order to infer the market size, historical data, primary responses and public domain data has been thoroughly analyzed. Revenue of companies in the global smoking cessation and nicotine de-addiction products market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated with the help of the triangulation method and is extensively scrutinized using advanced tools to garner quantitative and qualitative insights into the global smoking cessation and nicotine de-addiction products market.
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