Smoking Cessation Aids Market: By Product Type (Nicotine Replacement Therapy, Drugs, Electronic Cigarettes Others), By  Distribution Channel (Hospital Pharmacies, Online Channel, Retail Pharmacies Others) and Geography  

Smoking Cessation Aids Market size was valued at USD 28,653.8 million in 2023 and is poised to grow at a CAGR of 15.6% from 2024 to 2030. Smoking Cessation Aids are medications that assist smokers quit smoking. Smoking cessation aids are usually a part of smoking cessation programs which consist of behavioral and cognitive techniques to cope with the craving and negative mood states that occur with cessation and to prevent relapses. The key factors driving the smoking cessation aids market include the hefty population addicted to smoking, awareness of the hazards of smoking, and banning announcements of tobacco products are anticipated to drive smoking cessation aids market growth over the forecast period. The augmenting government and organization initiatives in establishing several tobacco and smoking cessation operations rise awareness amongst the population concerning their harmful effects on the body. It is expected to rise the adaptation of smoking cessation devices and produce among users, bolstering the smoking cessation aids market growth.

Moreover, the collaboration between the tobacco cessation federations and the market players is anticipated to drive the market in the forecast period. However, the complications associated with smoking cessation aids are, on sudden stoppage of smoking, nicotine withdrawal symptoms emerge, like irritability, depressed mood, hedonic dysregulation, restlessness, anxiety, difficulty in concentrating, raised hunger, insomnia and craving for tobacco remains significant barriers that hamper the demand for the smoking cessation aids market in the forecast period. However, the key opportunities associated with the smoking cessation aids market are improved health outcomes, cost savings, reduced healthcare burden, health equity, positive environmental impact, social and environmental benefit, productivity and workforce health generates lucrative opportunities for smoking cessation aids over the forecast period.

Smoking Cessation Aids Market Key Developments:

• In September 2022, Qnovia raised USD 17 million in a series A funding round led by Blue Ledge Capital. The company used this fund to develop and launch an innovative inhaler, RespiRx, a convenient handheld device. It aids users manage better their nicotine withdrawals.