openPR Logo
Press release

Cannabinoid Therapy Market Projected to Garner Significant Revenues by 2018 – 2027 -end

08-20-2019 11:59 AM CET | Health & Medicine

Press release from: Fact.MR

Cannabinoid Therapy Market Projected to Garner Significant

A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority of these cannabinoids exhibit pharmacological activity and also at times, psychoactive effects. According to the study by Mechoulam and Hanus (2000), delta-9-tetrahydrocannabinol is the most intensively researched cannabinoid and exhibits the greatest psychoactivity among all the available cannabinoids. Cannabinoid therapyincludes the use of these chemical compounds for various cancer cases, neuropathic disorders, spasticity conditions and is used for sedation as well. Legalization of the consumption of cannabis has increased the production and research related to cannabinoids. In the U.S., the District of Columbia and nine other states permit the use of recreational marijuana. Canada legalized the consumption of recreational marijuana in 2018. Cannabinoid therapy is being extensively used for sedation and treating nausea conditions in unfavorable environment.

Request to Sample report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=2833

Cannabinoid Therapy Market: Drivers

The growing popularity of cannabis among the youth and legalization of recreational cannabis globally are the major factors responsible for driving the cannabinoid therapy market. Increasing incidences of multiple sclerosis spasticity, anorexia nervosa related to HIV/AIDS, nausea, and cancer are also contributing to the demand for cannabinoid therapy during the forecast period. The first FDA-approved cannabis drug has been launched and several cannabinoid therapies are on the receiving end of FDA approval. This factor might also drive the cannabinoid therapy market during the forecast period. Legal issues and cannabis-related abuse might hinder the market growth of cannabinoid therapy. Certain side effects related to the use of cannabinoids like, hallucinations, lung problems, impaired mental functioning, blood pressure problems, etc. might also hinder the market for cannabinoid therapy during the forecast period.

Cannabinoid Therapy Market: Segmentation

Tentatively, the global cannabinoid therapy market can be segmented on the basis of Cephalometric X-ray type, technology, product type, end users, and geography.

Based on therapy type, the global cannabinoid therapy market is segmented as:

Tetrahydrocannabinol (THC)
Cannabidiol (CBD)
Cannabinol (CBN)
Others
Based on product type, the global cannabinoid therapy market is segmented as:

Oils
Capsules
Isolates
E-liquids
Topicals
Others

Request to View TOC @ https://www.factmr.com/connectus/sample?flag=T&rep_id=2833

Based on applications, the global cannabinoid therapy market is segmented as:

Cannabinoid therapy for cancer
Cannabinoid therapy for spasticity
Cannabinoid therapy for neuropathic disorders
Others
Based on end users, the global cannabinoid therapy market is segmented as:

Hospitals
Cancer Centers
Military Healthcare Settings
Rehabilitation Centers
Others
Based on geography, the global cannabinoid therapy market is segmented as:

North America
Latin America
Europe
Japan
CIS & Russia
APEJ
Middle East & Africa
Cannabinoid Therapy Market: Overview

Epidiolex, which is manufactured by the United Kingdom-based company called GW Pharmaceuticals is the first ever marijuana-based medication that got approved by the US FDA (Food and Drug Administration) and has become available for sale in all the 50 states in 2018. Cannabinoid therapy is being efficiently used for various neuropathic syndromes as well as epileptic conditions like Dravet and Lennox-Gastaut syndrome. Tetrahydrocannabinol is the most common cannabinoid therapy product that is available in the market. Many synthetic cannabinoids have been previously approved by the FDA. Manufacturers dealing with the cannabinoid therapy market are also focused on combining THC and CBD to develop drugs for the treatment of conditions like muscle spasms and stiffness which are associated with multiple sclerosis. Sativex, a combination of CBD and THC is a cannabis-derived and FDA-approved drug. Cannabinoid therapy is also highly popular among cancer patients for easing symptoms or side effects caused by treatments like chemotherapy.

Cannabinoid Therapy Market: Regional Outlook

North America’s cannabinoid therapy market is expected to grow the fastest over the period of forecast owing to the continued adoption and high FDA approval rate of the cannabinoid therapy in the region. Development of technologically-advanced cannabinoid therapy in the region is also expected to boost the market growth of cannabinoid therapy in the region. Europe’s cannabinoid therapy market is also anticipated to grow at a robust growth rate during the period of forecast because of increased demand and supply of cannabis-derived cannabinoids. The Asia-Pacific cannabinoid therapy market is estimated to grow at a decent rate during the period of forecast owing to the legal issues regarding the use of cannabis and low awareness about cannabinoid therapy.

Cannabinoid Therapy Market: Key Players

The major market participants operating in the global cannabinoid therapy market are Zynerba Pharmaceuticals, Cannabics Pharmaceuticals Inc., GW Pharmaceuticals PLC., Enecta, Alpha-CAT, Teewinot Life Sciences, Tilray, GD Pharma, Cyrelian Pty Ltd., Cape Bouvard Technologies Pty Ltd, MedReleaf Australia, and AusCann Group Holdings Pty Ltd.

Get Full Report Access @ https://www.factmr.com/report/2833/cannabinoid-therapy-market

11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Cannabinoid Therapy Market Projected to Garner Significant Revenues by 2018 – 2027 -end here

News-ID: 1823971 • Views: 132

More Releases from Fact.MR

Plastic Tray Market Showcases Future Status of Prime Manufacturers Across Major …
The new report on the global plastic tray market gives estimations of the size of the international market and the overall size and share of key regional segments during the historical assessment period of 2013 - 2017. The overall outlook for the Plastic Tray Market is likely to remain sluggish, with the plastic tray market expected to reach CAGR of 3.6% in terms of revenue during 2018-2027. The business knowledge
MRI-guided Radiation Therapy Systems Market Leading Manufacturers Expected to Mo …
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global MRI-guided radiation therapy systems market as well as the factors responsible for such a growth. Our highly dedicated professionals have provided critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research. Access Research Methodology Prepared By Experts - https://www.factmr.com/connectus/sample?flag=RM&rep_id=2572 We leverage space-age industrial and digitalization tools
Marine Seats Market Growing Demand to Impact Revenue Share during 2018 2028
The new report on the marine seats market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2013 - 2017. According to the report, the marine seats market is projected to grow at 4.6% CAGR through 2028. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of
Hormone Replacement Therapy Market Displays Higher Growth Inclinations during 20 …
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global Hormone Replacement Therapy Market considering 2018-2028 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. Request Free Sample Report - https://www.factmr.com/connectus/sample?flag=S&rep_id=2224 Key findings of the hormone replacement therapy market

All 5 Releases


More Releases for Cannabinoid

Impact of Existing and Emerging Cannabinoid Therapy Market Trends And Forecast 2 …
A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority
Cannabinoid Therapy Market Greater Revenue Share by 2027(Based on therapy type, …
A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority
Cannabinoid Therapy Market Value Chain, Dynamics and Key Players 2018 to 2027(Ba …
A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority
Cannabinoid Therapy Market Future Forecast Indicates Impressive Growth Rate(Base …
A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority
Cannabinoid Therapy Market Estimated to Record Highest CAGR by 2018 to 2027
A cannabinoid is a class of chemical compounds that change the neurotransmitter release in the brain by acting on cannabinoid receptors in the cells. Cannabinoids are derived from plants and are also referred to as the phytocannabinoids. Majority of the cannabinoids available for cannabinoid therapy are cannabis-driven, but there are several different plants from which cannabinoids can be derived as well. Approximately 70 plant compounds are identified for cannabinoids. Majority
Cannabinoid Drugs Market: 2018 - 2028; Key participants includes GW Pharmaceutic …
Cannabinoid Drugs are natural occurring recreational drugs that are used to treat chronic pain, anorexia, and nausea & vomiting. The cannabinoid is used for a group of drugs that are structurally related to tetrahydrocannabinoids. It is synthetically manufactured by pharma companies to treat different type of indications, such as multiple sclerosis, migraine, arthritis, seizures, etc. Cannabinoid drugs are naturally isolated from cannabis and work on the endocannabinoid system of mammals.