Global 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
The nicotine addiction treatment market research report gives an extraordinary, first-time market and focused examination of the size, division, competition, patterns and viewpoint in the assembling and supply of nicotine addiction treatment market. In addition, the report likewise distinguishes and examinations the rising patterns alongside significant drivers, difficulties and openings in the nicotine addiction treatment market. The report offers a complete examination on nicotine addiction treatment market, remaining on the readers’ viewpoint, conveying point by point market information and getting experiences. It involves comprehensive significant focuses that essentially influence the development of the market at a worldwide level. It breaks down present situation alongside future patterns in the market.
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The nicotine addiction treatment market report is made after a stick point look into and comprehensive examination of the market improvement in various segments that requires hypothetical investigation, innovation based thoughts, and its legitimacy. It breaks down present situation alongside future patterns in the market. The report is made after a stick point inquire about and thorough examination of the market improvement in various segments that requires hypothetical investigation, innovation based thoughts, and its legitimacy.
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
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
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Segmentation: Global Nicotine Addiction Treatment Market
By Treatment Type
Nicotine Replacement Therapy
By Product Type
By Route of Administration
By Drug Delivery System
Transdermal Drug Delivery System
Buccal Drug Delivery System
Middle East & Africa
Key Developments in the Market:
In June 2018, Omeros Corporation received approval from regulatory authority and ethics committee to initiate phase I clinical trial for its lead candidate PDE7, phosphodiesterase inhibitor for the treatment of all addictions including nicotine addiction and compulsive disorders. If successful, it will represent an immense and urgent unmet need for the treatment of nicotine addiction
In December 2017, Axsome Therapeutics, Inc entered into research collaboration with Duke University to develop AXS-05, a novel, oral, fixed-dose combination of dextromethorphan and bupropion. Under the deal terms, Duke University will be responsible for conducting preclinical research. This strategic alliance significantly contributes in solving the problem of tobacco addiction worldwide
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Global nicotine addiction treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global nicotine addiction treatment market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global nicotine addiction treatment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
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