In 2016, the UK has not only opened itself to the use electronic cigarettes as smoking cessation tools, but also launched a number of campaigns to encourage smokers to switch from cigarettes to the tobacco harm alternatives.
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The UK leading the way in harm reduction
These efforts are clearly paying off as the latest data published by EY clearly indicates that as of 2013, the rate of people switching from smoking to vaping has been that of 1 person every 4 minutes. This means less smoke related diseases and deaths, and also less health related expenses.
The EY report shows that a total of 4.2% of the population vape, which equates to over 2 million people, a significant number when taking in consideration the fact that as per the data released by Public Health England, vaping is at least 95% safer than smoking. The next highest percentage of vapers is found in France, and adds up to 3.1%.
Growth expected even in the US, despite regulations
On the other side of the world, last month at the Tobacco Plus Expo (TPE) 2017 which took place in Vegas, managing director of tobacco, beverage and convenience store research at Wells Fargo Securities LLC, Bonnie Herzog said that she forecasts up to $4.4 billion in sales by 2017, from $4.1 in 2016, and up to $10 billion by 2020 in the US. Positive news as growth is expected even in the states, despite the fact that the products are harshly regulated.