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Global Nicotine Gum Market Outlook Report, 2019-2023 - The Growing Enrolment in Smoking Cessation Therapies is Driving Growth - ResearchAndMarkets.com

February 7, 2019

DUBLIN--(BUSINESS WIRE)--Feb 7, 2019--The “Global Nicotine Gum Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The nicotine gum market will register a CAGR of over 5% by 2023.

Increase in number of people quitting smoking to drive market growth

It is estimated that tobacco will cause more than 8 million deaths annually by 2030. In the US, cigarette smoking is responsible for nearly 480,000 deaths every year.

The number of quit attempts it takes before smokers are successful at quitting smoking varies. According to the American Cancer Society, it takes about 8-10 quit attempts, while the Australian Cancer Council suggests that it takes 12-14 attempts to quit the habit of smoking.

Growing enrolment in smoking cessation therapies

The smoking cessation therapy is gaining popularity among consumers who are trying to quit smoking, and in certain countries, governments are sponsoring smoking cessation therapy programs.

In the US, Department of Health and Human Services is sponsoring tobacco cessation programs through its supported health centers. Thus, the increasing application of nicotine gums as a medium to help consumers quit smoking will help in the growth of the global nicotine gums market during the forecast period.

Presence of substitute products

The availability of many substitute products can negatively influence the growth of the market during the forecast period. Nicotine patches, nicotine snus, nasal sprays, inhalers, and lozenges are some of the substitutes to nicotine gum. The emergence of e-cigarettes has considerably challenged the growth of the market.

Competitive Landscape

The market appears to be fragmented, and with the presence of several companies including GlaxoSmithKline and ITC Limited, the competitive environment is quite intense.

Key Players

British American Tobacco GlaxoSmithKline ITC Limited Johnson & Johnson Services Novartis

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

Comparison by product 2-mg nicotine - Market size and forecast 2018-2023 4-mg nicotine - Market size and forecast 2018-2023 Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison North America - Market size and forecast 2018-2023 Europe - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 South America - Market size and forecast 2018-2023 MEA - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

New product launches Increase in number of people quitting smoking Addiction to nicotine gums

PART 12: VENDOR LANDSCAPE

Overview Landscape disruption

PART 13: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors British American Tobacco GlaxoSmithKline ITC Limited Johnson & Johnson Services Novartis

For more information about this report visit https://www.researchandmarkets.com/research/6l4nj4/global_nicotine?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190207005690/en/

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Related Topics:Over the Counter (OTC) Drugs,Addiction Disorders Drugs

KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL RETAIL TOBACCO

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/07/2019 12:46 PM/DISC: 02/07/2019 12:46 PM

http://www.businesswire.com/news/home/20190207005690/en

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