Nicotine addiction treatment market is rising gradually with a healthy CAGR in the forecast period of 2019-2026. Government policies and initiatives to offer a fund to many research institute and pharmaceuticals companies for developing novel therapy and increase dependency of tobacco products are the key factors for market growth.
Insights of the Market in Report
- The study provides an in-depth analysis of the point of care test market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
- Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of Nicotine Addiction Treatment across global.
- Key market players and their strategies have been provided to understand the competitive outlook of the industry.
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Few of the major competitors currently working in the global nicotine addiction treatment market are Hager Biosciences, LLC, ADDEX THERAPEUTICS, Omeros Corporation, Sosei Group Corporation, CV Sciences, Inc, Cerecor, Inc, Astraea Therapeutics LLC, Johnson & Johnson Services, Inc., GlaxoSmithKline plc, Pfizer Inc, Novartis AG, Sanofi, Dr. Reddy’s Laboratories Ltd, Teva Pharmaceutical Industries Ltd, Mylan N.V. , Axsome Therapeutics, Inc. and others.
High prevalence of tobacco products consumptions acts as a market driver
Vulnerable adult population as adults are at high risk for nicotine addiction also drives the market growth
Increase in government initiatives and polices can also act as a market driver
Rapid adoption of newer formulations and novel dosage forms can boost the market growth
Limited success of existing smoking cessation methods is also hampering the market growth
Preference of non-pharmacology therapies over pharmacology therapies can hinder the market growth
Patent expiry of major drugs and introduction of generic drugs of branded version is expected to restrict the growth of this market
Segmentation: Global Nicotine Addiction Treatment Market
(Combustible Tobacco and Smokeless Tobacco),
(Nicotine Replacement Therapy and Psychological Therapy),
(Approved-Drugs, Off-label Drugs and Others),
Product Type (Patch, Gum, Pills, Lozenge, Spray and Others),
Route of Administration
(Oral, Inhalation and Injectable),
Drug Delivery System
(Transdermal Drug Delivery System, Buccal Drug Delivery System and Others),
(Hospitals, Homecare, Specialty Clinics, Others),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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