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Medical Cannabis Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2027

Unknown     05/06/2022 07:02:38    63    Share


The report presents a lucid picture of the current Medical Cannabis industry landscape, including the historical and projected market size, based on value, technological innovations, micro- and macroeconomic components, and governing factors in the market. The global keyword market research report ends with a brief summary of the leading players operating in the market, their product offerings, key developments, SWOT analysis, investment feasibility and returns, and the growth trends and forecasts.

 

Get a Free sample of the report : https://www.emergenresearch.com/request-sample/174

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.

Inhalation is a preferred medium of administration, as it offers controlled dosage and effective absorption of cannabinoids into the body. Inhalation segment accounted for largest revenue share in 2020. Inhalation is most effective and rapid way to induce measurable serum levels of cannabinoids.

Our experienced market research team has provided updated information on the ongoing COVID-19 pandemic and its adverse economic impact in the latter segment of the report.  The coronavirus outbreak has led to drastic changes in the current Medical Cannabis business landscape, limiting the growth opportunities for various manufacturers and buyers for the next few years. Besides making speculations about the market’s post-COVID-19 scenario, the report discusses its existing situation. The report eventually offers conclusive data related to the Medical Cannabis market growth assessed on both regional and global levels.

The product is used with other opioid painkillers, which permits patients to reduce the dosage and frequency of opioids, relieving pain. Legalization of marijuana throughout the country could create up to 1 million jobs by 2025 in the U.S. Workers are needed to farm, process, distribute and sell marijuana and its related products.

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.

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.

Request customization of the report: https://www.emergenresearch.com/request-for-customization/174

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

Competitive Terrain:

The  Medical Cannabis Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length.

Key Questions Answered in the Report:

What is the growth rate of the Medical Cannabis market? What is the anticipated market valuation of Medical Cannabis industry by 2027?

What are the key growth driving and restraining factors of the Medical Cannabis market?

Who are the prominent players operating in the market? What are the key strategies adopted by these comp

   Tags: Medical Cannabis Market Cost, Medical Cannabis Market Distribution Channel, Medical Cannabis Market Dominating Regions,

   IDs: 2456

   Titles: Medical Cannabis Market Study Report Based on Size, Shares, Opportunities, Industry Trends and Forecast to 2027


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