Global Medical Cannabis Market Worth $24.52 Billion by 2028 - Exclusive Report by Emergen Research ®

 


Increasing adoption of medical cannabis for cancer patient pain management and by those experiencing muscle spasms are factors driving market revenue growth.

The global medical cannabis market size is expected to reach USD 24.52 Billion at a steady revenue CAGR of 11.5% in 2028, according to latest analysis by Emergen Research. Increase in medical cannabis products and the rise in research activities are driving the market revenue growth. Moreover, legalization of the product in several countries is also propelling growth of the market.

 

The report, published by Emergen research, is a detail-oriented compilation of the crucial aspects of the Global Medical Cannabis market, including the key players’ product offerings, the wide application range of these products, the major market segments, leading market contenders, their company profiles, pricing strategies, production capacities, revenue generation schemes, technological advancements, and many others.

 

To get a sample copy of the Global Medical Cannabis Market report, visit @ https://www.emergenresearch.com/request-sample/174

The global Global Medical Cannabis market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Global Medical Cannabis market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key players in the market include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc.

 

Emergen Research has segmented the global Medical Cannabis market on the basis of product type, application, and route of administration, distribution channel, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

·         Oil

·         Buds

·         Tinctures

Application Outlook (Revenue, USD Billion; 2018-2028)

·         Chronic Pain

·         Mental Disorders

·         Anorexia

·         Seizures

·         Muscle Spasm

·         Cancer

·         Others

Route of Administration Outlook (Revenue, USD Billion; 2018-2028)

·         Oral

·         Intravenous

·         Inhalation

·         Topical

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

·         Dispensaries

·         Online

Regional Outlook (Revenue, USD Billion; 2018–2028)

·         North America

1.      U.S.

2.      Canada

3.      Mexico

·         Europe

1.      Germany

2.      U.K.

3.      France

4.      Spain

5.      BENELUX

6.      Rest of Europe

·         Asia Pacific

1.      China

2.      India

3.      Japan

4.      South Korea

5.      Rest of APAC

·         Latin America

1.      Brazil

2.      Rest of LATAM

·         Middle East & Africa

1.      Saudi Arabia

2.      UAE

3.      Israel

4.      Rest Of MEA

 

 

To learn more details about the Global Medical Cannabis Market report, visit @ https://www.emergenresearch.com/industry-report/medical-cannabis-market

 

Key point summary of the report:

·         In October 2020, MediPharm Labs Corp. signed an exclusive supply agreement with STADA to meet the growing demand for medical cannabis in Germany. STADA wanted to be the go-to partner for generics, which is achieved by the partnership.

·         North America accounted for the largest market share in 2020, as the product is commonly used in the U.S. to treat patients. Countries in the region are promoting derivatives such as resins, tinctures, oil, and vaporizers among the youth, who are the primary consumers. 36 states in the U.S. allows medical sales of marijuana and the country witnessed record sales in 2020 due to COVID-19.

 

To get a discount on the Medical Cannabis Market Market report, visit @ https://www.emergenresearch.com/request-discount/174

Thank you for reading our report. If you have any requests for customization of the latest report, kindly get in touch with us. Our team will assist you and ensure the report is designed as per your requirements.


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