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Medical Cannabis Market Trends – Marijuana Legalization in Different Countries
VANCOUVER, BC, CANADA, Oct. 24, 2021 /EINPresswire.com/ – The global medical cannabis market is expected to be $ 24.52 billion in 2028 with a constant sales CAGR of $ 11, according to the latest analysis by Emergen Research. Reach 5%. The report aims to provide authentic information on medical cannabis market size, market share, product portfolio, sales estimates, and growth rate. The report also provides a comprehensive analysis of the competitive landscape and provides complete coverage in terms of company profiles, product portfolio, revenue generation, financial condition, and market position. The increase in medical cannabis products and the increase in research activity are driving the sales growth of the market. In addition, legalization of the product in several countries encourages the growth of the market.
The product is used in conjunction with other opioid pain relievers, which allows patients to reduce the dose and frequency of opioids, and to relieve pain. Legalizing marijuana across the country could create up to 1 million jobs in the US by 2025. Labor is required to grow, process, distribute and sell marijuana and related products. Medical cannabis has not only created jobs, but also generated significant taxes. Colorado, for example, collected more than $ 302 million in taxes and fees for medical and recreational marijuana in 2019.
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The rise in the geriatric population is also fueling market growth as the elderly are more prone to disease and experience high levels of pain. Research and development activities, clinical studies and commercialization of the product will also fuel the market growth. Medical cannabis is considered safer and has fewer side effects compared to other treatment options. It is used to treat nausea and combat negative side effects, especially in patients undergoing chemotherapy, which makes the whole procedure more bearable.
Some key highlights in the report
In October 2020, MediPharm Labs Corp. signed an exclusive supply contract 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 through the partnership.
The oil segment is expected to experience significant growth during the forecast period due to the high demand for hemp oil from healthcare workers for clinical use. Cannabidiol (CBD) oil can reduce depression and anxiety, relieve cancer-related symptoms, and relieve pain. CBD oil can also treat acne due to its ability to reduce sebum production and anti-inflammatory properties.
The growth of medicinal cannabis is deterred by certain side effects that patients experience, such as fatigue, dizziness, constipation, and language problems. In addition, the problem of medical cannabis consumption and lack of data security will hamper the growth of medical cannabis. The report predicts that the market is expected to grow significantly due to raid advances and technological developments in the industry. The report is a comprehensive research study of the global Medical Cannabis Market covering the latest trends, growth factors, developments, opportunities, and competitive landscapes. The research study involves an in-depth analysis of the market using advanced research methodology such as SWOT analysis and Porter’s Five Forces Analysis. The report examines the key business players along with their detailed profiling, product catalog, and strategic business decisions.
Important market competitors profiled in the report:
Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc.
For more information on the global Medical Cannabis Market report, please visit @ https://www.emergenresearch.com/industry-report/medical-cannabis-market
The report offers companies and investors strategic recommendations to capitalize on lucrative growth opportunities. The report presents the latest scenario and the market growth prospect related to the impact of the pandemic. It also includes mergers and acquisitions, joint ventures, product launches, branding, collaborations, agreements and partnerships, among other things. It also provides insights into manufacturing processes, sales estimates, R&D progress, and industrial penetration.
Emergen Research has segmented the global medical cannabis market by product type, application and route of administration, distribution channel and region:
Product Type Outlook (Revenue, $ Billion; 2018-2028)
Application Outlook (Revenue, $ Billion; 2018-2028)
Administrative Outlook Route (Revenue, $ Billion; 2018-2028)
Sales Channel Outlook (Revenue, Billion USD; 2018-2028)
The report offers a comprehensive analysis of the current growth opportunities for various regions of the Medical Cannabis market. It measures the sales shares of these regions over the forecast timeframe. In addition, the report analyzes the annual growth rate of these regions over the projected duration. The leading geographic regions in the report include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Global Medical Cannabis Market Highlights:
Estimation and forecast of regional demand
Product mix matrix
Analysis of technological updates
Raw material procurement strategy
Mergers & Acquisitions
table of contents
Chapter 1. Methodology & Sources
1.1. Medical cannabis market definition
1.2. Scope of research
1.4. Research sources
1.5. Medical cannabis market assessment technique
Chapter 2. Summary
2.1. Summary snapshot, 2021-2028
Chapter 3. Key Findings
Chapter 4. Medical Cannabis Market Segmentation and Impact Analysis
4.1. To analyze the material segmentation of the medical cannabis market
4.2. Industrial outlook
4.2.1. Analysis of medical cannabis market indicators
4.2.2. Analysis of the market drivers for medical cannabis
22.214.171.124. Rapid urbanization and industrialization
126.96.36.199. Strict government regulations regarding CO2 emissions
188.8.131.52. Increasing prevalence of respiratory diseases
184.108.40.206. Increasing need to improve indoor air quality
4.2.3. Analysis of medical cannabis market restrictions
220.127.116.11. High costs associated with maintaining medical cannabis products
18.104.22.168. Availability of renewable energy sources
4.3. Technological insights
4.4. Legal framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive metric space analysis
4.7. Price trend analysis
4.8. Covid-19 impact analysis
Key Benefits Of Buying The Global Medical Cannabis Report:
The report offers an 8-year forecast and assessment of the global medical cannabis market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends and opportunities
Comprehensive regional analysis of the global medical cannabis market
Extensive profiling of the most important business stakeholders
For a discount on the global Medical Cannabis Market report please visit @ https://www.emergenresearch.com/request-discount/174
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October 24, 2021 00:45 GMT
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