An international Nicotine Addiction Treatment business report offers marketing and business managers a platform to obtain critical information about their consumers so that existing customers can be retained and new ones can be got onboard. The market report helps in understanding customer inclination towards purchasing products. It also provides the details such as whether the customers will spend a certain amount of money for their products, inclination levels among customers about upcoming features or products, what are their thoughts about the competitor products etc. Data gathered using Nicotine Addiction Treatment market report is instrumental in making major changes in the business which reduces the degree of risks involved in taking important business decisions.
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.
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
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
View detailed table of content here https://databridgemarketresearch.com/toc/?dbmr=global-nicotine-addiction-treatment-market
Segmentation: Global Nicotine Addiction Treatment Market
- Combustible Tobacco
- Smokeless Tobacco
By Treatment Type
- Nicotine Replacement Therapy
- Psychological Therapy
- Bupropion Hydrochloride
- Off-label Drugs
By Product Type
By Route of Administration
By Drug Delivery System
- Transdermal Drug Delivery System
- Buccal Drug Delivery System
- Specialty Clinics
- North America
- South America
- Middle East & Africa
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Major Insights of the Report
- To describe and forecast the Nicotine Addiction Treatment market, in terms of value, by process, product type, and industry.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Nicotine Addiction Treatment Market
- The key findings and recommendations highlight crucial progressive industry trends in the Nicotine Addiction Treatment Market, thereby allowing players to develop effective long term strategies
- To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Nicotine Addiction Treatment market
- The report offers market share appraisals for regional and global levels
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