Global Synthetic Cannabinoids Market Report Emerging Factors, Future Demands, and Key Players

The global synthetic cannabinoids market is projected to grow at a significant pace during the forecast period, owing to their therapeutic effects on a wide range of illnesses and diseases, including depression and anxiety, seizures, dermatological conditions, and even various cancers.

Synthetic cannabinoids are human-made mind-altering chemicals found in the marijuana plant that provides medical benefits. Synthetic cannabinoids are functionally similar to 9-tetrahydrocannabinol (THC), the active principle of cannabis that are naturally found in the marijuana plant. Synthetic cannabinoid drugs generally contain a mixture of psychoactive compounds that mostly bind cannabinoid receptors with high potency and efficacy. Several pharmaceutical companies are currently researching and developing synthetic cannabinoids for different therapeutic applications. The manufacturing of chemically synthesized cannabinoids occurs in regulatory-approved API facilities much like other pharmaceutical drugs and has a repeatability factor that allows the development of consistent batches.

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Global Synthetic Cannabinoids Market Witness Most Promising Rise in Demand:

Decriminalization of synthetic cannabis products and rise in awareness about the advantages of synthetic cannabis in the treatment of pain, skin disease, vomiting, and depression are likely to drive the global synthetic cannabinoids market

Favorable government support and approvals for products based on synthetic cannabinoids are some other factors that are expected to drive the global synthetic cannabinoids market.

The synthetic cannabinoids market in North America is anticipated to grow at a rapid pace during the forecast period. This can be attributed to the wide availability of products and presence of major companies constantly promoting its brand among health care professionals in the region. Moreover, recent approvals of cannabidiol drugs by the FDA in the U.S. for the treatment of two severe forms of epilepsy: Lennox-Gastaut syndrome and Dravet syndrome. This is expected to drive the market in the region.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Key Players of Synthetic Cannabinoids market Report:

Key players in the global Synthetic Cannabinoids market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies

Major players operating in the global synthetic cannabinoids market are: AbbVie Inc., GW Pharmaceuticals plc., Mylan N.V., CV Sciences, Inc., Isodiol International Inc, CURE Pharmaceutical, Zynerba Pharmaceuticals, Inc, Aphios Corporation, BOTANIX PHARMACEUTICALS, NSYS THERAPEUTICS, INC

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