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The increasing adoption of medical cannabis for pain management by cancer patients and those with muscle spasms are factors driving the market’s sales growth
VANCOUVER, BC, CANADA, Oct 13, 2021 /EINPresswire.com/ – The global medical cannabis market is expected to be $ 24.52 billion in 2028 with a constant sales CAGR of 11.5, according to the latest analysis by Emergen Research % reach. 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 report examines the historical data of the Medical Cannabis market and offers valuable information on its key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other important aspects. Global Medical Cannabis Market report provides full coverage of the companies’ data including details related to their manufacturing and manufacturing capacity, product portfolio, business overview, revenue, gross profit margin, distribution network and channel, financial condition, and market position.
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. 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. 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 research report on the Medical Cannabis market is formulated through extensive primary and secondary research, as well as qualitative and quantitative analyzes of important aspects of the market. The informative data is further validated and verified by the industry experts. The report aims to provide deeper insights into the overall market scenario of the Medical Cannabis Business Area.
The report also examines business strategies and strategic alliances of companies to compete in the marketplace. The report looks at mergers and acquisitions, collaborations, joint ventures, branding and product launches, agreements and partnerships, and corporate and government transactions. The comprehensive analysis of the competitive landscape offers readers a deeper understanding of the competitors.
The top medical cannabis market competitors profiled in the report 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.
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 over the forecast period due to the high demand for hemp oil from healthcare workers for clinical purposes. 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.
Inhalation is a preferred medium of administration because it provides controlled dosage and effective uptake of cannabinoids into the body. The inhalation segment accounted for the largest share of sales in 2020. Inhalation is the most effective and fastest way to induce measurable serum levels of cannabinoids.
For more information on the global Medical Cannabis Market report, please visit @ https://www.emergenresearch.com/industry-report/medical-cannabis-market
The report aims to provide a comprehensive understanding of the medical cannabis market growth and expansion in each key region in the world. It provides accurate estimates of the expected market size and growth over the forecast period 2020-2027.
Regional Analysis of the Medical Cannabis Market:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, rest of the EU)
Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
Latin America (Chile, Brazil, Argentina, rest of Latin America)
Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, rest of MEA)
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)
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table of contents
Chapter 1. Methodology & Sources
1.1. Alopecia Market Definition
1.2. Scope of research
1.4. Research sources
1.4.3. Paid sources
1.5. Alopecia Market Estimation Technique
Chapter 2. Summary
2.1. Summary snapshot, 2021-2028
Chapter 3. Key Findings
Chapter 4. Alopecia Market Segmentation and Impact Analysis
4.1. To analyze the material segmentation of the Alopecia Market
4.2. Industrial outlook
4.2.1. Analysis of Alopecia Market Indicators
4.2.2. Analysis of the Alopecia Market Drivers
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Strict government regulations regarding CO2 emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Increasing need to improve indoor air quality
4.2.3. Analysis of Alopecia Market Restrictions
18.104.22.168. High costs associated with maintaining alopecia products
22.214.171.124. 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 questions answered in the report:
What is the growth rate of the medical cannabis market? What is the expected market valuation of the medical cannabis industry through 2027?
What are the major growth drivers and restraining factors in the medical cannabis market?
Who are the main players in the market? What are the main strategies of these companies?
Key Benefits Of Buying The Global Medical Cannabis Report:
Comprehensive analysis of the changing competitive landscape
Helps in decision making processes for the companies along with detailed strategic planning methods
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
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October 13, 2021 at 2:19 pm GMT
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