Medical Can nabis Oil Market Global Demand, Opportunities, Trends, Analysis and Forecast to 2031 | Greens Roads of Florida, ENDOCA, Folium Bioscience

The global medical can nabis oil market size was US$ 2.1 billion in 2021. The global medical can nabis oil market is forecast to grow to US$ 7.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.

Request To Download Sample of This Strategic Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol236

Factors influencing the Market

Can nabis oil is anti-inflammatory and acts as a pain reliever. In addition, it offers superior moisturization and unclogs the pores. Moreover, the rising use of can nabis oil in skincare products will drive the growth of the market. Furthermore, they are also used in edibles, wellness products, and medical products, which will benefit the overall medical can nabis oil market in the coming years.

According to the National Center for Biotechnology Information (NCBI) survey data, approximately 62% of the population used can nabis-based products between 2017 to 2018 to treat various medical conditions. Thus, the growing use of oil is likely to propel the market forward.

The increasing research and development and financial support from governments will benefit the global medical can nabis oil market. Furthermore, the growing demand for pain relief therapies will boost the growth of the medical can nabis oil market.

The rising prevalence of chronic diseases will drive the medical can nabis oil market forward. On the contrary, the high cost of medical can nabis oil may restrict the market growth during the forecast period.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a negative impact on the global medical can nabis oil market. The COVID-19 pandemic spread rapidly, which forced government organizations to impose strict travel restrictions. As a result, the demand for medical can nabis oil reduced drastically. People had to stop visiting clinics and hospitals, which hampered their therapy sessions. Thus, it had a significant negative impact on the global medical can nabis oil market.

Regional Analysis

North America is forecast to hold the largest share in the medical can nabis oil market, followed by Europe. The growth of the market is attributed to the legalization of can nabis in various cities of the United States. In addition, rising awareness about the health benefits of medical can nabis oil will drive the medical can nabis oil market forward. Furthermore, the presence of the leading medical industry will contribute to the growth of the medical can nabis oil market.

Get a Sample PDF copy of the report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol236

The medical can nabis oil market is forecast to witness significant growth in Europe owing to the rising awareness about the medical applications of can nabis and increasing consumer demand.

Due to the rising number of can nabis manufacturing plants in China, Asia-pacific will also contribute to the growth of the medical can nabis oil market.

Competitors in the Market

Aphria Inc.
Curaleaf Holdings
MedMen Enterprises
Freedom Leaf, Inc.
Greens Roads of Florida
ENDOCA
Folium Bioscience
Charlotte's Web Holdings, Inc.
Canopy Growth Corporation
American Shaman
Kazmira LLC
Pharmahemp
Aurora Can nabis
HempLife Today
Emblem Can nabis
Other Prominent Players

Market Segmentation

The global medical can nabis oil market segmentation focuses on Product, Application, Distribution Channel, and Region.

Based on Product Type

Marijuana-based
Hemp-based
Based on Application
Sleep Disorders
Multiple Sclerosis
Neurological Pain
Depression
Others

Based on Distribution Channel

Independent Drugs Store
Hospital & Retail Pharmacies
Online Channels

Request Full Report :-https://reportocean.com/industry-verticals/sample-request?report_id=Pol236

Based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

What is the goal of the report?

-The market report presents the estimated size of the Healthcare market at the end of the forecast -period.

-The report also examines historical and current market sizes.

-During the forecast period, the report analyzes the growth rate, market size, and market valuation.

-The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.

-The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=Pol236

About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.

Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 - UNITED STATES Tel: +1 888 212 3539 (US - TOLL FREE)
Website:https://www.reportocean.com/

This release was published on openPR.