s Market Surges Amidst Rising Prevalence Of Chronic Diseases: Transformative Forces Shaping the s Market Landscape in 2025

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What Will the s Industry Market Size Be by 2025?
The overall valuation of the s market has experienced substantial escalation over these preceding years, projected to expand from its 2024 figure of $39.45 billion to reach $47.03 billion by 2025, reflecting a vigorous compound annual growth rate (CAGR) of 19.2%; this past expansion phase was driven by several key factors, including the legalization of medical cannabis*, the burgeoning societal acceptance of it, ongoing scientific research endeavors, alterations in governing regulations, heightened consumer understanding regarding the advantages derived from s, significant capital infusion into the cannabis* sector, and a prevailing consumer inclination for naturally sourced items.

What's the Long-Term Growth Forecast for the s Market Size Through 2029?
Anticipating substantial expansion, the overall s market is projected for rapid escalation in the upcoming years, reaching a valuation of $99.82 billion by 2029, driven by a compound annual growth rate (CAGR) of 20.7%. This robust expansion through the forecast timeframe is fundamentally supported by factors such as the broadening scope of legal acceptance and reduced criminal penalties, significant leaps in scientific investigation, a greater variety of available products, penetration into global markets, and escalated public health education campaigns. Key trajectories shaping this period involve the rising societal acceptance and reduction of stigma surrounding its use, a broadening portfolio of available goods, breakthroughs in how products are administered, the establishment of rigorous quality and safety benchmarks, and concerted efforts toward social fairness and inclusiveness.

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What Are the Key Growth Drivers Fueling the s Market Expansion?
Increased incidence of long-lasting health conditions is anticipated to boost the market for s. These long-term ailments are defined as sicknesses persisting for twelve months or more, necessitating continuous healthcare intervention. A thorough review of randomized controlled studies investigated how well s, including inhaled cannabis*, mucosal cannabis* drug applications, nabilone, dronabinol, and a novel compound structurally related to , manage persistent pain not linked to cancer. To illustrate this global health concern, the World Health Organization, a specialized United Nations body located in Switzerland, reported in September 2023 that fatalities worldwide reached 41 million annually, with chronic diseases, or non-communicable diseases (NCDs), accounting for a substantial 74 percent of these deaths. Consequently, the expanding presence of chronic illnesses serves as a primary catalyst for the expansion within the sector.

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What Are the Key Trends Driving s Market Growth?
Leading organizations within the s sector are concentrating their efforts on rolling out sophisticated cosmetic products derived from cannabis*, notably creams featuring CBG and , as a strategy to enhance their market standing and secure a competitive advantage. cannabis*-derived cosmetics refer to beauty items integrating components originating from cannabis*, such as either cannabidio*l or cannabigerol, as fundamental active agents; these are utilized across the cosmetics industry to provide benefits like skin hydration, anti-senescence properties, and inflammation reduction. As a concrete example, in November of 2022, the United Kingdom's cannabis* manufacturer, British cannabis*, introduced its Synergy CBG and Rescue Cream, marking it as the first cosmetic product utilizing cannabis* in the UK to undergo formal clinical testing, with its efficacy further boosted by the inclusion of the highly active compound CBG in the formulation. This Synergy Rescue Cream, which combines CBG and -both derived from natural, regulated cannabis* plant extracts-formulates a mild, inherently natural cream that stands out as one of the most thorough skincare offerings currently accessible.

How Is the s Market Segmented?
The smarket covered in this report is segmented -

1) By Product Type: cannabidio*l; Tetrahydrocannabinol; Cannabinol; Other Product Types
2) By Distribution: Hospital Pharmacies; Retail Pharmacies; Online Stores
3) By Application: Medical; Recreational; Industrial Hemp

Subsegments:
1) By cannabidio*l (): Full-Spectrum ; Broad-Spectrum ; Isolate
3) By Cannabinol (CBN): CBN Isolate; CBN Oil
4) By Other Product Types: Cannabigerol (CBG); Cannabichromene (CBC); Terpenes And Other Phytos

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Which Companies Are Leading the Charge in s Market Innovation?
Major companies operating in the s market are The Supreme cannabis* Company Inc., Elixinol Global Limited, GW Pharmaceuticals PLC., Tilray Inc., Aurora cannabis* Inc., Innovative Ind Props, Curaleaf Holdings Inc., Green Thumb Industries, Verano Holdings, Trulieve cannabis* Corp., Cresco Labs Inc., Cronos Group, TerrAscend Corp., Canopy Growth Corp., Sundial Growers Inc., Decibel cannabis* Company, Auxly cannabis* Group, Red White & Bloom Brands, BZAM Ltd, Delta 9 cannabis* Inc., Mylan N.V., Westleaf cannabis* Inc., GrowGeneration, The Scotts Miracle-Gro Company, Jazz Pharmaceuticals PLC, Aphria Inc., Organigram Inc., Alkem labs, MediPharm Labs Corp., The Valens GroWorks Inc.

Which Regions Are Leading the Global s Market in Revenue?
North America was the largest region in the s market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the s market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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