Medical Cannabis Market Share, Latest Research, Industry Analysis, Driver, Trends, Business Overview
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 Global Medical
Cannabis Market Report, published by Reports and Data, offers an
industry-wide assessment of the Global Medical Cannabis market, which is
inclusive of the most crucial factors contributing to the growth of the
industry. The latest research report comprises an extensive analysis of the
micro- and macro-economic indicators that influence the global market
development during the forecast period of 2020-2027. According to our team
experts, the global Global Medical Cannabis market is projected to deliver a magnificent
CAGR of 11.5% throughout the forecast timeframe to
rise from USD 10.20 Billion in 2020 to USD 24.52 Billion in 2028.
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.
·
Oil segment
is expected to register significant growth rate during the forecast period due
to high demand for hemp oil among healthcare workers for clinical purposes.
Cannabidiol (CBD) oil can reduce depression and anxiety, alleviate
cancer-related symptoms, and relieves pain. CBD oil can also treat acne owing
to its ability to reduce sebum production and anti-inflammatory properties.
To get a discount on the Medical Cannabis Market Market report, visit @ https://www.emergenresearch.com/request-discount/174
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