Smoking Cessation Products Market to See 18% CAGR to 2020

PUNE, India, May 11, 2016 /PRNewswire/ --

The global smoking cessation products market 2016 research says a ban on tobacco advertisements around the world has had a positive effect on consumers. The smoking cessation drugs market report showed a decline of at least 16% in tobacco consumption compared to the pre-ban days. However, only 29 countries, which constitute 12% of the world's population, have banned these advertisements. Globally, one-third of countries have imposed a minimal restriction on tobacco advertisements and campaigns. It is estimated that around 78% of youngsters aged 13-15 years are exposed to advertisement or promotions for tobacco, leading them to experiment with the product.

Complete report on smoking cessation products market spread across 74 pages, analyzing 5 major companies and providing 45 data exhibits is now available at http://www.reportsnreports.com/reports/539146-global-smoking-cessation-drugs-market-2016-2020.html

According to the 2016 smoking cessation products market report, more people are becoming aware of the risks associated with tobacco use. Around six million users of tobacco die every year and this number is set to increase to eight million by 2030. Cancer, cardiovascular diseases, diabetes, and chronic respiratory diseases are also caused due to tobacco use. Tobacco smoke consists of over 4,000 chemical compounds, with about 69 chemicals that are potentially known to cause cancer. These chemicals harm not only smokers, but also second-hand smokers who inhale the smoke in public spaces. Another area where the harmful effects of tobacco are witnessed is in tobacco farming, where young children from underprivileged families are often employed.

Global Smoking Cessation Products Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The smoking cessation drugs market report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global smoking cessation products market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of prescription, generic, off-label, and over-the-counter (OTC) products used for smoking cessation.

The analysts forecast global smoking cessation products market to grow at a CAGR of 18.16% during the period 2016-2020. Smoking cessation products such as NRTs and e-cigarettes have proved useful in reducing the numbers of smokers worldwide. They can also be used to reduce smoking. A substantial number of smokers are now either quitting or trying to reduce smoking. This is because of increased awareness about the adverse effects of smoking; it is associated with a number of health hazards that can eventually lead to death. This is encouraging people to adopt Smoking Cessation Products. Public awareness programs help create awareness about the hazards of smoking, and also the availability of products that help quit smoking.

Key players in the global smoking cessation products market: GlaxoSmithKline, Imperial Tobacco, NJOY, Pfizer, and Reynolds American. Other prominent vendors in the market are: 22nd Century Group, Alkalon, Altria Group, Aradigm, Arena Pharmaceuticals, Ballantyne Brands, British American Tobacco (BAT), CB Distributors, Cytos Biotechnology, Electronics Cigarettes International Group (Victory Electronic Cigarettes), Evotec, Gamucci, Japan Tobacco, Johnson & Johnson, LOGIC Technology, NAL Pharmaceuticals, Nicotek, Novartis, Revolymer, RR Chemicals, Selecta Biosciences, Target, The Harvard Drug Group, Vapor, VMR Products, Walgreens, Wal-Mart, and White Cloud. Order a copy of Global Smoking Cessation Products Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=539146  

Another related report is E-cigarette market in the US 2015-2019; the analysts forecast E-cigarette market in the US to grow at a CAGR of 33% during the period 2016-2020. Key players in the E-cigarette Market in the US: Altria Group, CB Distributors, Imperial Tobacco, LOGIC Technology, NJOY and Reynolds American. Other prominent vendors in the market are: Ballantyne Brands, British American Tobacco, FIN Branding, Gamucci, Japan Tobacco, Nicotek, RRR Chemicals, Vapor, Victory Electronic Cigarettes, VMR Products, and White Cloud. Browse complete report @ http://www.reportsnreports.com/reports/446025-e-cigarette-market-in-the-us-2015-2019.html.

Explore other new reports on Pharmaceuticals Market @ http://www.reportsnreports.com/market-research/pharmaceuticals/.

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