Medical Cannabis Market Market and Factors Behind its Growing Landscape – Industry Analysis by Top Vendors, Size, Growth Factors and Forecast to 2027
Medicinal cannabis is also known as medical marijuana which is used either to treat disease or to improve their symptoms. The two cannabinoids - delta-9-tetrahydrocannabinol (THC) and Cannabidiol (CBD) are used in treatment of certain disease or health conditions, and applications such as pain management, blood pressure, memory, concentration, appetite, sensory stimulus, muscular problems, and seizures. Various countries around the globe are involved in legalization of export of medicinal cannabis products, which is expected to fuel growth of the medicinal cannabis market. For instance, in January 2018, the government of Australia allowed cannabis producers in the country to export medicinal cannabis and cannabis products in the global market.
This report focuses on Global Medical Cannabis Market trends, future forecasts, growth opportunities, key end-user industries, and market players. The purpose of the study are to present the key developments of the market across the globe.
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Segmentation: The report has been separated into separate categories, such as product type, application, end-user, and region. Each segment is evaluated based on the CAGR, share and growth potential. In the regional analysis, the report highlights the prospective region, which should generate opportunities in the global Medical Cannabis market in the years to come. This segmented analysis will surely prove to be a useful tool for readers, stakeholders and market participants to get a full picture of the Medical Cannabis global market and its growth potential in the years to come.
Scope of the Medical Cannabis Market Report:
The market was valued at US$ XX million in 2020 is predicted to increase at a CAGR of around xx% during the forecast period to reach US$ xx million by 2026, according to the study.
This report targets on the Medical Cannabis market, especially in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. This report classifies the market based on regions, types, and applications.
Country-level Break-up includes:
North America (the United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Netherlands, Switzerland, Nordic and Others)
Asia-Pacific (Japan, China, Australia, India, Taiwan, South Korea, Middle East & Africa and Others)
The research study can answer the following Key questions:
What will be the progress rate of the Medical Cannabis Market for the conjecture period, 2020-2027?
What are the prominent factors driving the Medical Cannabis Market across different regions?
Who are the major vendors dominating the Medical Cannabis industry and what are their winning strategies?
What are the challenges faced by the Medical Cannabis Market?
Increase in the legalization of medicinal cannabis in various economies is expected to augment the market growth
Increasing approvals for medicinal cannabis products and growing research and development activities in the medicinal cannabis market are expected to support growth of the market. For instance, in March 2017, Germany’s parliament passed a law allowing medicinal use of the cannabis plant by allowing healthcare professionals to prescribe medicinal cannabis products to patients suffering from health issues such as chronic pain, vomiting, and nausea. However, health issues resulting from excessive cannabis consumption such as tachycardia, risk of heart attack, particularly in individuals with existing heart disease or arrhythmias, are expected to restrain growth of the market.
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Years Considered to Estimate the Market Size:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020-2026
Some of the Major Highlights of TOC Covers:
Chapter 1: Executive Summary
Chapter 2: Methodology & Scope
Definition and Forecast Parameters
Methodology and Forecast Parameters
Chapter 3: Market Insights
Chapter 4: Company Profiles
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