Medical Cannabis Market Valuation by Size, Share, Growth, Trend, Drivers and Restraint 2020-2028

Published : 3 years ago, on 13/07/2021

The global Medical Cannabis Market is forecasted to be worth USD 47.15 Billion by 2027, according to a current analysis by Emergen Research. An increase in medical cannabis products and the rise in research activities are driving the demand for the market. Moreover, the legalization of the product in several countries will also propel the demand for market growth.

Medical cannabis is safe and has less side-effect as compared to other treatment options. It is used to treat nausea and combat negative side-effects, especially among chemotherapy patients, making the whole procedure more tolerable. The product is used with other opioid painkillers, which permits patients to reduce the dosage and frequency of opioids, relieving pain.

A rise in the geriatric population is also fueling the market demand as older people are more susceptible to illness and experience a high level of pain. Research and development activities, clinical trials, and commercialization of the product will foster market demand.

The market report on the Medical Cannabis market published by Emergen Research includes an analysis of the key segments of the entire Medical Cannabis market. The report aims to shed light on the prevalent business strategies and models, analyze the market trends, and investigate the growth of the market through thorough statistical analysis. The report also covers the assessment of the overall market, depending on the validated industry data obtained through primary and secondary research.

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Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Medical Cannabis Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.

A high focus is maintained on factors such as demand and supply, production capacity, supply chain management, distribution channel, product application and performance across different countries. The report not only offers hard to find facts about the trends and innovation driving the current and future of Medical Cannabis business, but also provides insights into competitive development such as acquisition and mergers, joint ventures, product launches and technology advancements.

The Medical Cannabis market offers key insights into the historical and current data with regards to Medical Cannabis market size and volume, by evaluating the key companies, major geographies, product types, application, consumer base, and manufacturing and production pricing.

Top key Companies in Medical Cannabis Market include are:

• Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc., among others.

Key Highlights From The Report

• In October 2020, MediPharm Labs Corp. signed an exclusive supply agreement with STADA to meet the growing demand for medical cannabis in Germany. STADA wanted to be the go-to partner for generics, which is achieved by the partnership.
• The oil product type is forecasted to grow with the fastest CAGR of 17.5% due to the high demand for hemp oil among healthcare workers for clinical purposes. CBD oil can reduce depression and anxiety, alleviate cancer-related symptoms, and also relieves pain.
• Inhalation is a preferred medium of administration, as it offers controlled dosage and effective absorption of cannabinoids into the body. This is expected to propel the demand for the market in the coming years.
• Medical cannabis is used to treat anorexic patients, which resulted from AIDS/HIV. Cannabis stimulates their appetite instead of feeding the patient through tubes. It is more beneficial for the patient’s physical and emotional well-being to be fed natural rather than through tubes.
• Patients who are prescribed medical cannabis prefer to buy it from a legal source to abide by the regulations, which will propel the demand for the dispensaries segment.
• North America held the largest market share of 31.1% in 2019, as the product is commonly used to treat patients. Countries in the region are promoting derivatives such as resins, tinctures, oil, and vaporizers among the youth, who are the primary consumers.

To get leading market solutions, visit the link below:

https://www.emergenresearch.com/industry-report/medical-cannabis-market

For the purpose of this report, Emergen Research has segmented into the global Medical Cannabis Market on the basis of product type, application, and route of administration, distribution channel, and region:

• Product Type Outlook (Revenue, USD Billion; 2017-2027)
  • Oil
  • Buds
  • Tinctures
• Application Outlook (Revenue, USD Billion; 2017-2027)
  • Chronic Pain
  • Mental Disorders
  • Anorexia
  • Seizures
  • Muscle Spasm
  • Cancer
  • Others
• Route of Administration Outlook (Revenue, USD Billion; 2017-2027)
  • Oral
  • Intravenous
  • Inhalation
  • Topical
• Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
  • Dispensaries
  • Online

Region wise performance of the Medical Cannabis industry

This report studies the global Medical Cannabis market status and forecast, categorizes the global Medical Cannabis market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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Table of Content

Chapter 1. Methodology & Sources

1.1. Medical Cannabis Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Medical Cannabis Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Medical Cannabis Market Segmentation & Impact Analysis

4.1. Medical Cannabis Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Medical Cannabis Market indicators analysis

4.2.2. Medical Cannabis Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Medical Cannabis Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Medical Cannabis products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

10.1. Medical Cannabis Market Revenue Share By Manufacturers

10.2. Mergers & Acquisitions

10.3. Competitor’s Positioning

10.4. Strategy Benchmarking

10.5. Vendor Landscape

10.5.1. Raw Material Suppliers

10.5.1.1. North America

10.5.1.2. Europe

10.5.1.3. Asia Pacific

10.5.1.4. Middle East & Africa

10.5.1.5. Latin America

10.5.2. Distributors

10.5.2.1. North America

10.5.2.2. Europe

10.5.2.3. Asia Pacific

10.5.2.4. Middle East & Africa

10.5.2.5. Latin America

10.5.3. Others

Continued….

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