Press release
Synthetic Marijuana Market: Granular View of The Market from Various End-Use Segments 2029
Synthetic Marijuana Market
To remain ‘ahead’ of your competitors, request for a sample>>>> https://www.factmr.com/connectus/sample?flag=S&rep_id=4156
Dronabinol as a type of Synthetic Marijuana has maintained its lead in the market and is expected to experience higher growth rate vis-a-vis Nabilone. Dronabinol has superior investment backing which is boosting its uptake in the market. A vast majority of the companies in Synthetic Marijuanas market have been focusing on products which are in their clinical trial phase. For instance, TheraPix Biosciences, Tetra Bio-Pharma and Zynerba Pharmaceuticals are some of the companies that are conducting clinical trials for their compounds. Other companies like GW Pharmaceuticals, Kannalife and FSD Pharma are developing Synthetic Marijuanas. Such novel initiatives will enable manufacturers to expand their profit pools in the Synthetic Marijuanas market.
Key Takeaways of Global Synthetic Marijuana Market
Dronabinol type of Synthetic Marijuana accounts for more than 90% market share and is expected to witness a rising growth curve in Synthetic Marijuanas owing to novel usage of drugs in several experimental therapies such as arthritis and cancer
Nabilone showcases a marginal contribution to global Synthetic Marijuanas market and is projected to grow 4.5X over period of forecast 2019 – 2029, due to increased legal and pharmaceutical usage in United States, Canada and Europe.
North America Synthetic Marijuanas market is projected to hold around two third of market share. However, Asia Pacific and Latin America are projected to grow at a higher CAGR than the global average.
Europe Synthetic Marijuanas market is the second largest market and is anticipated to hold around 20% market share in terms of value and likely to gain 180 BPS over forecast period 2019 – 2029.
For critical insights on this market, request for Methodology here>>>> https://www.factmr.com/connectus/sample?flag=RM&rep_id=4156
Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders
A positive flow of investments from pharmaceutical giants is likely to propel the development of Synthetic Marijuanas and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of Synthetic Marijuanas. This has helped them increase production capacity.
Market leaders in Synthetic Marijuanas such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Synthetic Marijuanas through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of Synthetic Marijuana.
For in-depth competitive analysis, buy now>>>> https://www.factmr.com/checkout/4156/S
Find More Valuable Insights on the Global Synthetic Marijuana Market
Fact.MR, in its new offering, provides an unbiased analysis of the global market for Synthetic Cannabinoids, with historical data on demand (2014-2018) and expected projections for the period (2019-2029). The Synthetic Marijuanas report discloses compelling insights into the demand for Synthetic Marijuanas based on type i.e. Dronabinol, Nabilone across 5 key regions and 20 + countries.
Contact Us
Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com
About Us:
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 Synthetic Marijuana Market: Granular View of The Market from Various End-Use Segments 2029 here
News-ID: 2224282 • Views: …
More Releases from Fact.MR
Body Area Network Market Forecasted to Expand Rapidly, Projecting US$ 229.8 Bill …
It is anticipated that the worldwide body area network market will expand at a strong 22.3% CAGR. Its anticipated value increased from US$ 24.6 billion in 2021 to around US$ 229.8 billion by 2032.
A new generation of body-attachable wireless body sensors has emerged in response to advancements in wireless communication technology and various physiological sensor types.
Download a Sample Copy Of Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7208
Body Area Networks, or BANs, are becoming a game-changer…
Payroll Outsourcing Services Market Is Likely To Be Valued At US$ 32607.5 Millio …
The global payroll outsourcing services market was valued at US$ 17000 Million in 2022. During the 2023-2033 period of assessment, demand is expected to rise at a 6.1% value CAGR, likely to surpass a valuation of US$ 32607.5 Million by the end of the said forecast period.
The Payroll Outsourcing Services Industry sales study offers a comprehensive analysis on diverse features including production capacities, Payroll Outsourcing Services demand, product developments, sales…
Carotenoids Market Is Forecasted To Reach US$ 2.45 Billion at 5.4% CAGR By 2034: …
With an estimated market size of US$ 1.45 billion in 2024, the global carotenoid market is projected to expand at a CAGR of 5.4% and reach a market value of US$ 2.45 billion by 2034-end. Growth prospects of the market remain optimistic, owing to shifting consumer preferences for natural ingredients, expanding carotenoid applications in a range of industries, and ongoing developments in product development and formulation techniques.
The Carotenoid Industry sales…
Canned Fruits Market Is Anticipated To Reach A Valuation Of US$ 12 Billion By 20 …
The value of the global canned fruits market is US$ 9.8 billion in 2022, which is projected to climb to US$ 12 billion by 2032-end, increasing at a CAGR of 2% through 2032.
The Canned Fruits Industry sales study offers a comprehensive analysis on diverse features including production capacities, Canned Fruits demand, product developments, sales revenue generation and Canned Fruits market outlook across the globe.
market research report by Fact.MR, (Leading business…
More Releases for Synthetic
Global Synthetic Dye and Pigment Market, Global Synthetic Dye and Pigment Indust …
The synthetic dyes and pigments market entails of the sales of synthetic dyes and pigments by several entities (organizations, sole traders or partnerships) that manufacture synthetic organic and inorganic dyes and pigments, such as lakes and toners (excluding electrostatic and photographic). Pigments that are gained from natural minerals as well as synthetic pigments are comprised in this market. Artificial food-coloring is also comprised in this market. Synthetic dyes and pigments…
Synthetic Camphor Market
Research Dive has added a new report on the global synthetic camphor market to its repository. According to the report, the global synthetic camphor market is anticipated to hit $448.1 million by rising at a CAGR of 5.9% from 2019 to 2027. This report highlights various the important factors of the market such as key market segments, market dynamics & statistics, boomers, restraints, market players, and investment opportunities. It is…
Synthetic Spider Silk Market
Market Overview:
Synthetic spider silk is an alternative to the conventional spider silk replicating the latter’s features such as energy-absorbent nature, elasticity and strength. Water content in synthetic spider silk amounts up to 98%. Synthetic spider silk is made from hydrogel, which comprises of 98% of water and 2% of silica and cellulose. Synthetic spider silk is weaker compared to its natural counterpart, however, they are far stronger compared to other…
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report).
Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications…
Synthetic Diamond Market | Key Players - Include Element Six (E6), Applied Diamo …
As per the current market trends and the promising nature of the Global Synthetic Diamond Market, it can be estimated that the future holds positive outcomes. In order to provide a deep insight about the concerned market, Market Research Reports Search Engine would be publishing a resourceful analysis that will enclose knowledge about the regional market size, revenue and opportunity status. Readers will be offered the privilege to decode various…
Non-tire Synthetic Market Report 2018: Segmentation by Product (AAA Non-tire Syn …
Global Non-tire Synthetic market research report provides company profile for NKNH, Lion Elastomers, JSR, Zeon, Kraton, TSRC, Lanxess, KUMHO Petrochemical, Exxon Mobil, Goodyear, Polimeri Eruopa, Sibur and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025,…
