The global nicotine gum market is anticipated to grow at a considerable CAGR of 8.9% during the forecast period. Increasing number of diseases due to tobacco is boosting the global nicotine gum market during the forecast period. Smoking causes stroke, lung diseases, diabetes, cancer, heart disease, and chronic obstructive pulmonary disease (COPD), which includes emphysema and chronic bronchitis. It also increases risk for tuberculosis, certain eye diseases, and problems of the immune system, including rheumatoid arthritis due to which many smokers tends to quit smoking with the help of these nicotine products.
According to Centers for Disease Control and prevention (CDC),
- Cigarette smoking causes more than 480,000 deaths each year in the US
- Smoking can cause lung disease by damaging airways and the small air sacs (alveoli) found in lungs. Cigarette smoking causes most cases of lung cancer.
- Smoking increases the risk for coronary heart disease by 2 to 4 times, also stroke by 2 to 4 times.
- Smoking causes about 90% (or 9 out of 10) of all lung cancer deaths. More women die from lung cancer each year than from breast cancer.
- People who smoke cigarettes are 30%–40% more likely to develop type 2diabetes than people who don’t smoke.
- Around 697,000 people in the US died from heart disease in 2020, which is 1 in every 5 deaths, this is mostly due to tobacco, as smoking cigarettes can permanently damage your heart and blood vessels. This can lead to cardiovascular diseases, it is a direct cause of cardiovascular disease and death.
- In fact, in US 30,000 coronary heart disease deaths occurs per year are caused by secondhand smoke. Secondhand smoke exposure also increases risk of having a heart attack or stroke.
- One person dies every 34 seconds in the US with stroke.
- Every year, about 805,000 people in the US have a heart attack.
Furthermore, according to WHO data, Cancer is the leading cause of death across the globe accounting for 10 million deaths in 2020, which is nearly one in six deaths. Around one-third of deaths from cancer are due to tobacco use, high body mass index, alcohol consumption. Each year, approximately 400, 000 children develop cancer. Hence due to increasing diseases caused by tobacco, the demand for nicotine gum market will increase as these strong factors will influence peoples to quit tobacco and use nicotine products such as nicotine products.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Product Type
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- including Cipla Inc., GlaxoSmithKline plc, Itc ltd., Johnson & Johnson Services, Inc., Perrigo Company plc, and others.
Nicotine Gum Market Report Segment
By Product Type
- 2 Mg Nicotine Gum
- 4 Mg Nicotine Gum
- 6 Mg Nicotine Gum
By Distribution Channel
- Supermarkets/ Hypermarkets
- Pharmacy
- Online Retail Stores
A full Report of Nicotine Gum Market is Available @ https://www.omrglobal.com/industry-reports/nicotine-gum-market
Nicotine Gum Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Alchem International Pvt. Ltd.
- British American Tobacco plc
- Cambrex Corp.
- Cipla Health Ltd.
- Reddy’s Laboratories Ltd.
- Fertin Pharma A/S.
- Pfizer, Inc.
- Reynolds American Inc.
- Takeda Pharmaceutical Co. Ltd.
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