The number of people addicted to smoking is rapidly growing all over the world. This population subset consists primarily of teenagers and the working population. The mortality rate from smoking is extremely high. The growing desire to quit smoking and the numerous health risks associated with smoking provide strong incentives for companies to develop novel smoking cessation products.
Data Bridge Market Research analyses that the smoking cessation and nicotine de-addictions market was valued at USD 38.58 billion in 2021 and is expected to reach the value of USD 221.27 billion by 2029, at a CAGR of 24.4% during the forecast period of 2022 to 2029.