Global Medical Cannabis Market Expected To Reach $ 67,354.01 Million Growth By 2028||PharmaHemp, Kiehl’s (A Subsidiary of L'ORÉAL), Vermont Hemp Health, Discover Health LLC, ENDOCA, Pacific roots, CANOPY GROWTH CORPORATION

Medical Cannabis market report provides CAGR value fluctuation in percentage during the forecast period of 2021-2028 for the market. SWOT analysis has been used throughout the report which helps emphasize on the global key manufacturers, market definition, description and analysis of the market competition landscape. With the study of competitor analysis, Medical Devices industry can get knowhow of the strategies of key players in the market that includes but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. The worldwide Medical Cannabis report holds a massive importance when it comes to market definition, classifications, applications and engagements.

Key data and information used while preparing the finest Medical Cannabis report has been collected from the consistent sources that range from journals, websites, research papers, case studies, and magazines. Competitor strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions can be utilized well by the Medical Devices industry to take better steps for selling goods and services. Medical Cannabis market report is an analytical estimation of the key challenges in terms of sales, export/import, or revenue that an organization may have to face in the coming years.

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The medical cannabis market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 25.16% in the forecast period of 2021 to 2028 is expected to reach USD 67,354.01 million by 2028.

The major players operating in the global medical cannabis market report are Tilray, Elixinol Global Limited, Medical Marijuana, Inc., Extractas, Peace Naturals Project Inc., BOL Pharma, PharmaHemp, Kiehl’s (A Subsidiary of L'ORÉAL), Vermont Hemp Health, Discover Health LLC, ENDOCA, Pacific roots, CANOPY GROWTH CORPORATION, Aurora Cannabis, GW Pharmaceuticals plc., Harmony, Pure Ratios, MARY’s nutritionals, Bioactive Solutions, Inc., Upstate Elevator Supply Co., FOLIUM BIOSCIENCES, EcoGen Biosciences, Althea Company Pty Ltd (A Subsidiary of Althea Group Holdings Limited), Apothecanna, Zenabis Global Ltd, Cresco Labs, IDT Australia, MEDIFARM, Greenwich Biosciences, Inc., MediPharm Labs Inc., THC Global Group Limited, Seed Cellar, CANNABIS SEEDS USA, Seeds For Me, HUMBOLDT SEED COMPANY, Crop King Seeds, BARNEY'S FARM, and Aphria Inc. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product developments are also initiated by the companies worldwide which are also accelerating the growth of medical cannabis market.

For instance,

In February 2021, MediPharm Labs Inc. received the Cannabis Drug License. This was considered a milestone as MediPharm Labs will now be able to carry out manufacturing and distribution of pharmaceuticals with cannabis as their component. This will help in driving the market growth in coming years.

Medical Cannabis Market Development in 2020

In October 2020, MediPharm Labs Inc. partnered with STADA. With STADA’s expertise in sales and marketing, the company will benefit from the commercialisation of the cannabis products which will help in fuelling the market in coming years.

Scopes of the Medical Cannabis Market

Global medical cannabis market is segmented on the basis of countries into the UU.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

On the basis of product, the market is segmented into oil, medical cannabis capsules, patch, whole flower, ground flower, vape pen, dried medical cannabis, creams & moisturizer, mask & serum, cleanser and others. On the basis of source, the market is segmented into synthetic and natural. On the basis of species, the market is segmented into cannabis indica, sativa and hybrid. On the basis of derivatives, the market is segmented into CBD, tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others. On the basis of application, the market is segmented into Alzheimer’s disease, appetite loss, cancer, epilepsy, autism, mental health conditions, multiple sclerosis, pain management, nausea, muscle spasms, arthritis, elevate mood, depression and sleep disorders, anxiety and others. On the basis of route of administration, the market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others. On the basis of end user, the market is segmented into pharmaceutical industry, research and development centers, homecare settings, hospital and rehab centers and others. On the basis of distribution channel, the market is segmented into B2B and B2C

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Covid-19 IMPACT ON SUPPLY CHAIN

Due to pertinacious COVID-19 lockdown, sanctions have been imposed by governments of various countries. These restrictions and barriers across countries borders led to a decrease in supply of medical cannabis across borders.

The COVID-19 outbreak has disrupted the supply chains for medical cannabis, and in coming few months it will be challenging to maintain the supply chain. Health services, including the time and attention of healthcare practitioners, are in limited supply and are geared towards handling the spread of the disease. Some regions or areas that were totally depended on the imports from other regions will face various challenges in coming time due to restrictions in border and even the staff will be unavailable.

The trade restrictions have impacted the market inversely. Since the demand is increasing for the medical cannabis in the healthcare market the government will try to improve the growth of supply chain, and also will take various decisions so that the medical cannabis is used for betterment of individuals only.

List of Chapters:

1 Medical Cannabis Market Overview
2 Global Medical Cannabis Market Competitions by Manufacturers
3 Global Medical Cannabis Capacity, Production, Revenue (Value) by Region (2021-2028 )
4 Global Medical Cannabis Supply (Production), Consumption, Export, Import by Region (2021-2028 )
5 Global Medical Cannabis Production, Revenue (Value), Price Trend by Type
6 Global Medical Cannabis Market Analysis by Application
7 Global Medical Cannabis Manufacturers Profiles/Analysis
8 Medical Cannabis Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Medical Cannabis Market Forecast (2021-2028 )
13 Research Findings and Conclusion
14 Appendix

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