Current Smoking Cessation Industry Products
No Major Anti-Smoking Advancements in 18 Years
There has been no medical breakthrough for smoking cessation products since Chantix's launch in 2006, and this pill comes with many negative side effects. The first year of Chantix sales, Pfizer generated approximately $700 million. As of 2019, Chantix sales were approximately $1.1 Billion in US annual sales.
The US smoking cessation industry includes all FDA cleared nicotine replacement therapies and pharmaceuticals these products yield annual sales of $2 Billion, due to the 10 million out of the 28.5 million addicted US smokers attempting to quit smoking each year- It is important to note, only 8% of smokers who attempt to quit each year actually succeed.
Millions are Using Vaping to Quit Smoking
Vaping, is now a concerning trend which is increasing each year in popularity. Approximately 11 million vapers in the US currently engaged in this practice. This number is expected to rise significantly every year, making vaping one of the fastest-growing global trends. However, it's crucial to acknowledge the potential long-term health effects associated with vaping is still unknown.
Alarming statistics reveal that there are approximately 1,200 new United States cigarette smokers picking up the habit daily. While some long-term smokers are now turning to vaping as a method to quit smoking. Truth be told, as many as 80% of these individuals will still find themselves ensnared in the grips of nicotine addiction despite this transition.
Vaping and the Nicotine Gum and Patch
"Over-the-counter (OTC) FDA-cleared anti-smoking products contribute significantly to the smoking cessation market, generating an impressive $1 billion in annual sales in the US.
Notably, this figure does not account for people annually using vaping to quit smoking. Electronic cigarettes are not officially recognized as smoking cessation products or aids. These contemporary nicotine devices, often considered the modern-day cigarette, cleverly deliver nicotine without the combustion associated with traditional smoking. It's important to recognize the highly addictive nature of nicotine.
While some current smokers are transitioning to vaping, using nicotine gum, or relying on patches, they may find themselves remaining addicted to the substance long after attempting to quit. In our opinion, "why use nicotine to quit nicotine?"