Medical Cannabis Market to Build Excessive Revenue at Healthy Growth rate at 25.16% up to 2028 – byTilray, Elixinol Global Limited, Medical Marijuana, Extractas, Peace Naturals Project, BOL Pharma, PharmaHemp, Kiehl’s

The recent research report namely Global Medical Cannabis Market Size, Share, Industry Trends, and Forecast 2021-2028 available at DBMR offers a widespread assessment of market size, share, and growth, trends, demand, and profit estimations to provide an ensemble prediction about this business. The report aims to predict a future picture of the market scenario with respect to the various growth indicators, hindrances, and opportunities that determine the industry expansion. The report contains an assessment of market segmentation, prominent manufacturers, market drivers, and opportunities. It gives an in-depth analysis of the latest trends, present, and future business scenarios over the coming years from 2021 to 2028. The global market report demonstrates the functioning of the main market players, suppliers, and dealers in detail.

Global Medical Cannabis Market is forecasted to grow at 25.16% with factor such as increased medical use and legalization of cannabis.   

Medical cannabis market is growing due to increased usage of cannabis seeds in cosmetic products. However, complex regulatory structure for usage of cannabis acts as a restraint for its growth in the market. 

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The Global Medical Cannabis Market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Medical Cannabis Market Share analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins. For each manufacturer covered, this report analyzes their Medical Cannabis manufacturing sites, capacity, production, ex-factory price, revenue, and market share in the global market. The report covers the key players of the global Medical Cannabis industry including company profiles, product specifications, production capacity/sales, revenue, price, and gross margin 2015-2020 & sales by product types.

Overview of Medical Cannabis Market:

According to Data Bridge Market Research, the market for medical cannabis in North America region has the highest market share followed by Europe and Asia-Pacific. Market leader is MediPharm Labs Inc. which accounts an estimated market share of approximately 17.56% in the North American region

Global Medical Cannabis Market Scope and market size

On the basis of product, the medical cannabis 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. In 2021, oil segment is expected to dominate the medical cannabis market due to high technology adoption by key players in the market.

On the basis of source, the medical cannabis market is segmented into synthetic and natural. In 2021, synthetic segment is expected to dominate the medical cannabis market because of increasing healthcare expenditure.

On the basis of species, the medical cannabis market is segmented into cannabis indica, sativa and hybrid. In 2021, cannabis indica segment is expected to dominate the medical cannabis market because of increased medicinal use of cannabis.

On the basis of derivatives, the medical cannabis market is segmented into (CBD), tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others. In 2021, (CBD) segment is expected to dominate the medical cannabis market due to increasing demand of medical marijuana products in the market.

On the basis of application, the medical cannabis 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. In 2021, Alzheimer’s disease segment is expected to dominate the medical cannabis market because of increasing R&D activities.

On the basis of route of administration, the medical cannabis market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others. In 2021, oral solutions and capsules segment is expected to dominate the medical cannabis market because of rising prevalence of chronic diseases.

On the basis of end user, the medical cannabis market is segmented into pharmaceutical industry, research and development centers, homecare settings, hospital and rehab centers and others. In 2021, pharmaceutical industry segment is expected to dominate the medical cannabis market because of increasing geriatric population and prevalence of chronic diseases.

On the basis of distribution channel, the medical cannabis market is segmented into B2B and B2C. In 2021, B2B segment is expected to dominate the medical cannabis market because of increasing demand of cannabis for medical and clinical purposes.

Key Segments Studied in the Global Medical Cannabis Market  

Professional Key players:

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.
….
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

Trends Impacting the Market                                                                               

Now the question is which other regions MediPharm Labs Inc. Aphria Inc. and Tilray are targeting? Data Bridge Market Research has estimated a large growth in North Medical cannabis market and the market leaders targeting U.S, Canada and Mexico to be their next revenue pockets for 2020.     

The medical cannabis market is becoming more competitive every year with companies such as MediPharm Labs Inc. Aphria Inc. and Tilray as they are the market leaders for medical cannabis. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the medical cannabis market.   

The detailed segments and sub-segment of the market are explained below:

By Product (Oil, Dried Medical Cannabis, Medical Cannabis Capsules, Vape Pen, Whole Flower, Creams & Moisturizer, Ground Flower, Patch, Mask & Serum, Cleanser, Others), Source (Natural, Synthetic)

By Species (Sativa, Hybrid, Cannabis Indica)

By Derivatives ((CBD), Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabinol, Others)

By Application (Pain Management, Anxiety, Muscle Spasms, Nausea, Appetite Loss, Cancer, Arthritis, Alzheimer's Disease, Epilepsy, Depression and Sleep Disorders, Multiple Sclerosis, Autism, Mental Health Conditions, Elevate Mood, Others)

By Route of Administration (Oral Solutions and Capsules, Smoking, Topicals, Vaporizers, Others)

By End User (Homecare Settings, Hospital and Rehab Centers, Pharmaceutical Industry, Research and Development Centers, Others)

By Distribution Channel (B2C, B2B)

Geographical markets are covered separately within the report that includes a competitive analysis of their market performance in the base year as well as predictions for the forecast year from 2020 to 2027. It also provides market size and forecast till 2027for the overall Medical Cannabis market with respect to five major regions, namely; Americas (United States, Canada, Mexico, Brazil), APAC (China, Japan, Korea, Southeast Asia, India, Australia), Europe (Germany, France, UK, Italy, Russia), Middle East & Africa (Egypt, South Africa, Israel, Turkey, GCC Countries)

Changing Forecasts in a Time of Crisis: explores key issues, including:

Future changes in consumer behavior

High-frequency economic data

Mapping Out a Potential Recovery

Business Strategies During COVID-19

Near & Long Term Risk Outlook, Risk Assessment, and Opportunities

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Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis

Market size and growth rate during the forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market.
Challenges to market growth.
Key vendors of Market.
Detailed SWOT analysis.
Opportunities and threats faces by the existing vendors in Global Market.
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major regions.
What should be entry strategies, countermeasures to economic impact, and marketing channels?
What are market dynamics?
What are challenges and opportunities?
What is economic impact on market?
What is market chain analysis by upstream raw materials and downstream industry?
What is industry considering capacity, production and production value? What will be the estimation of cost and profit? What will be market share, supply and consumption? What about import and export?
What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?
What were capacity, production value, cost and profit?
Who are the global key players in this industry? What are their company profile, their product information, and contact information?
Which manufacturing technology is used, what are their company profile, their product information, and contact information?
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Key Points Covered in Medical Cannabis Market Report:

Medical Cannabis Market Research Aim and Presumption

Medical Cannabis Market Scope – Report Introduction, Executive Synopsis, and Coherent Opportunity Plot

Medical Cannabis Market Dynamics, Settlement, and Trends Study – Administrative Scenario, Latest Industry Trend, Tie-Ups, New system Launching, Value Chain Study

Global Medical Cannabis Market, By Regions

Medical Cannabis Market Competition by Vendors Including Manufacturing, Medical Cannabis Share, Revenue (US$), Price, Production Distribution, Sales Regions and Product Type

Medical Cannabis Market Manufacturers Profiles Containing their Basic Information, Manufacturing Base and the Medical Cannabis Competitors

Medical Cannabis Market Manufacturing Cost Study Containing Raw Materials and Key Distributors of Raw Materials

Study of Medical Cannabis Industrial Chain, Sourcing Strategies and Medical Cannabis Downstream Buyers

Medical Cannabis Marketing Strategy Planning, Suppliers/Distributors involving Medical Cannabis Marketing Channel, Market Standing and list of Distributors and Traders

Medical Cannabis Market Effect Factors Study involving Technological Progress or Risk, Consumer Demands and Change in Economic and Political Environmental

Medical Cannabis Market Projections Consisting import -Export, Production, Consumption, Forecast by Various Segment Such as Type, Applications and Region.

Research Methodology and Conclusion

Continued….

……..and view more in complete table of Contents

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