Press release
Who are the Leading Synthetic Cannabinoids Providers across the globe?
Synthetic Cannabinoids are anticipated to enter growth stage by mid-term forecast. Several biotech startups such as Emerald Health Pharmaceuticals, RespireRx etc are pioneering initiatives for the development of synthetic cannabinoid compounds which will augment the growth of synthetic cannabinoid market. On this backdrop, synthetic cannabinoids are projected to create an absolute dollar opportunity of US$ 89 Mn during forecast period.Browse Full Report - https://www.factmr.com/report/4156/synthetic-cannabinoids-market
Dronabinol as a type of synthetic cannabinoid 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 cannabinoids 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 cannabinoids. Such novel initiatives will enable manufacturers to expand their profit pools in the synthetic cannabinoids market.
Key Takeaways of Global Synthetic Cannabinoids Market
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Dronabinol type of synthetic cannabinoid accounts for more than 90% market share and is expected to witness a rising growth curve in synthetic cannabinoids owing to novel usage of drugs in several experimental therapies such as arthritis and cancer
Nabilone showcases a marginal contribution to global synthetic cannabinoids 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 cannabinoids 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 cannabinoids 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.
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The Synthetic Cannabinoids market report provides the readers with the below-mentioned insights:
• Key trends, including ecological conservation, patented solutions, and globalization.
• Consumption pattern of each segment of the market in every region.
• Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
• Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
• Thorough research of effect of the market across various end use industries.
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The Synthetic Cannabinoids market report gets rid of the following queries:
1. Which end use has the highest rate of consumption and why?
2. Which regions are the market players targeting to gain a competitive edge?
3. What is the growth forecast of the global market in region?
4. What is the Y-o-Y growth rate of the global market?
5. Which segment will have the maximum share of the global market by the end of year?
And so on…..
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