Smoking cigarettes can increase the chances of stroke, coronary heart diseases and lung cancer. The growing awareness among individuals about these harmful effects, along with rising health consciousness, represents one of the key factors driving the nicotine gum market growth. In addition to this, governing agencies in several countries are promoting smoking cessation programs. This is attracting new players to invest in the industry. In line with this, various manufactures operating in the industry are also introducing innovative flavors of the product to expand their consumer base. This is anticipated to create a positive impact on the market growth in the coming years.
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Insights on Market Segmentation:
Breakup by Type:
- 2 Mg Nicotine Gum
- 4 Mg Nicotine Gum
- 6 Mg Nicotine Gum
- Withdrawal Clinics
- Medical Practice
- Individual Smokers
- Others
Breakup by Distribution Channel:
- Retail Pharmacies
- Specialty Stores
- Online Stores
- Others
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined with some of the key players being British American Tobacco, Cambrex Corporation, GlaxoSmithKline, ITC Limited, Johnson & Johnson Services, Novartis, Perrigo, Pfizer, Takeda Pharmaceutical Company, etc.
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