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

Nicotine addiction treatment market report contains a specific study of the healthcare industry which defines what the market definition, classifications, applications, engagements, and global industry trends are. The market drivers and restraints have also been described using SWOT analysis. The report demonstrates important product developments and tracks recent acquisitions, mergers and research in the healthcare industry by the chief market players. The global nicotine addiction treatment market report consists of all the company profiles of the major players and brands in the market place. This market report not only gives an advantage to develop your business but also helps you outshine the competition.

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Key Market Players:

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.

Market Drivers

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

Market Restraints

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

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Segmentation: Global Nicotine Addiction Treatment Market

By Type

(Combustible Tobacco and Smokeless Tobacco),

Treatment Type

(Nicotine Replacement Therapy and Psychological Therapy),

Drugs

(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),

End-Users

(Hospitals, Homecare, Specialty Clinics, Others),

Geography

(North America, South America, Europe, Asia-Pacific, Middle East and 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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Competitive Analysis:

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.

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