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
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