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Market Highlights:
The Global Smokeless
Tobacco Treatment Market trends is expected to grow at an approximate CAGR
of 6.8% during forecast period, 2018–2023.
Smokeless tobacco is a type of tobacco that is not smoked or
burned. Like the tobacco that is smoked, smokeless tobacco is reported to cause
cancer and develops addiction in the users. This tobacco is generally chewed
and can be available as moist snuff, and dissolvable tobacco. Factors such as
increasing adoption of nicotine patch, growing FDA drug approvals against
smokeless tobacco, strong clinical pipeline, and rising consumption of
smokeless tobacco drives the market growth. However, limited availability of
the products, changing regulatory framework and lack of awareness for smokeless
tobacco treatments restraints the market growth during the forecast period.
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Key Players:
Some of the key players in the global smokeless tobacco treatment market
are Pfizer Inc., GlaxoSmithKline plc., Johnson & Johnson Services Inc.,
Novartis, Cigna, Yesmoke, Habitrol, Perrigo Co. Plc., Cambrex Corporation,
Fertin Pharma, Veracyte, Inc. and others.
Segmentation:
The Global Smokeless Tobacco Treatment Market is segmented based on type,
treatment, end user and region.
The Global Smokeless Tobacco Treatment Market, by type is
segmented into chewing tobacco, snuff/dipping tobacco, dissolvable tobacco. The
market by treatment segment is divided into nicotine replacement therapy,
medication, and psychological and behavioral treatments. Based on end-user, the
market is segmented into hospitals & clinics, academic & research organizations,
and pharmacies
In the current scope of the study, the above-mentioned
segments are covered into the four global regions, namely- the Americas,
Europe, Asia-Pacific and the Middle East & African region.
Regional Analysis:
The Americas dominated the global market for smokeless tobacco treatment.
This can be attributed due to increasing therapeutics demands for smokeless
tobacco related diseases and presence of major market players within the
region. Europe stood second in 2017 owing to high consumption of smokeless
tobacco within the region and changing lifestyle changes. Moreover, the
presence of developed economies like UK, Germany, France, and others within the
region provides a driving force for the market to grow. Asia Pacific was
projected to be the fastest growing region in 2017. Factors such as growing
healthcare sector, increasing penetration of the market players within the
region, and increasing government’s support for foreign investments drives the
regional markets of the Asia Pacific region. On the other hand, the Middle East
and Africa held least share in the global smokeless tobacco treatment market
due to the presence of poor economies and low per capita income, especially
within the African region. The Middle Eastern region is estimated to be a major
market for the Middle East and African region.
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