Rapid Growth of Medical Cannabis Market is Expected to Rise High CAGR of 25.16% and will reach USD 67,354.01 Million by 2028

PUNE, MAHARASHTRA, INDIA, May 26, 2022 /EINPresswire.com/ -- The Worldwide Medical Cannabis Market has witnessed continuous growth in past few years and is projected to grow at good pace during the forecast period of 2022-2028. The exploration provides a 360° view and insights, highlighting major outcomes of Medical Cannabis industry. Medical Cannabis Market covering immensely significant boundaries including advancement patterns, size, share, challenges, cost structure, limit, commercial centre growing, mechanical developments, openings, key sellers and serious examination with top players, growth and future forecast. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability.

If you are part of Medical Cannabis market, then benchmark how you are perceived in comparison to your competitors; Get an accurate view of your business in Global Medical Cannabis Marketplace with latest released study by Data Bridge Market Research.          

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Global Medical Cannabis Market Analysis and Size

The Medical Cannabis Market is expected to witness market growth at a rate of 7.03% in the forecast period of 2021 to 2028 and is expected to reach USD 160.42 million by 2028. Data Bridge Market Research report on Medical Cannabis market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The increase in the prevalence of cardiovascular disease globally is escalating the growth of Medical Cannabis market.

(The sample of this report is readily available on request with Impact of COVID-19 on this Industry.)

What this report sample includes:
• A Brief Introduction about Medical Cannabis Market Research Scope and Methodology.
• Leading and Emerging Players Revenue Analysis.
• Major Highlights from Growth Drivers and Market Trends.
• Key Snapshot from the Final Study.
• Graphical Illustration of the Regional Analysis.

Key Segmentation:

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), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC)/Delta-8-Tetrahydrocannabinol, Cannabigerol (CBG), Cannabinol, 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), Distribution Channel (B2C, B2B)

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)

The Global Medical Cannabis study includes data from 2022 to 2028 useful for industry executives, marketing, sales and product managers, analysts, and anyone looking for market data in easily accessible document.

Medical Cannabis Market - Company Profiles

Tilray

Elixinol Global Limited

Medical Marijuana, Inc.

Extractas

Peace Naturals Project Inc

BOL Pharma

PharmaHemp

Kiehl’s (A Subsidiary of L’OREAL)

 ….

Complete Report is Available (Including Full TOC, List of Tables & Figures, Graphs, andChart) @ https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-cannabis-market

This report covers the current scenario and growth prospects of Global Medical Cannabis Market for the period 2022 to 2028. The study is a professional and in-depth study with around – no. of tables which provides statistics of actual scenario of industry and acts as valuable guide to direction companies and individuals interested in the domain.

Market Analysis and Insights: Global Medical Cannabis Market

Cannabis is a psychoactive drug that is derived from the cannabis plant of the Cannabaceae family. For several years, it has been used medicinally and has wide range of applications in treatment of various diseases including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS and Alzheimer’s among others.

The increased usage of cannabis in the cosmetic products can be seen as a driver for the medical cannabis market. Complex regulatory structure for usage of cannabis is a restraint for the medical cannabis market. Novel product development with increased R & D activities may act as an opportunity for the medical cannabis market. The rise of marijuana black market is a challenge for the medical cannabis market.

Global Medical Cannabis Market Scope and market size

The medical cannabis market is categorized into eight notable segments which are based on the product, source, species, derivatives, application, route of administration, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

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 cannabidiol (CBD), tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others. In 2021, cannabidiol (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.

The Medical Cannabis Market Report Addresses the Following Queries:

What is the estimated size of the Medical Cannabis market by 2028?

Which segment accounted or a large share of the Medical Cannabis market in the past?

Which segment is expected to account the largest market share by 2028?

Which governing bodies have approved the use of Medical Cannabis?

Which region accounts for a dominant share of the Medical Cannabis market?

Which region is anticipated to create lucrative opportunities in the Medical Cannabis market?

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Some extract from Table of Contents          

Overview of Global Medical Cannabis Market

Medical Cannabis Size (Sales Volume) Comparison by Type (2022-2028)

Medical Cannabis Size (Consumption) and Market Share Comparison by Application (2022-2028)

Medical Cannabis Size (Value) Comparison by Region (2022-2028)

Medical Cannabis Sales, Revenue and Growth Rate (2022-2028)

Medical Cannabis Competitive Situation and Trends

Players/Suppliers High Performance Pigments Manufacturing Base Distribution, Sales Area, Product Type

Analyze competitors, including all important parameters of Medical Cannabis

Global Medical Cannabis Manufacturing Cost Analysis

Marketing Strategy Analysis, Research Conclusion

In conclusion, the Medical Cannabis Market report is a reliable source for accessing the research data that is projected to exponentially accelerate your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis is also incorporated in the report along with speculation attainability investigation and venture return investigation.

Our Reports Will Help Clients Solve the Following Issues: –        

Insecurity about the future:                                       

Our research and insights help our clients anticipate upcoming revenue compartments and growth ranges. This will help our clients invest or divest their assets.

Understanding market opinions:

It is extremely vital to have an impartial understanding of market opinions for a strategy. Our insights provide a keen view on the market sentiment. We keep this reconnaissance by engaging with Key Opinion Leaders of a value chain of each industry we track.

Understanding the most reliable investment centers:

Our research ranks investment centers of market by considering their future demands, returns, and profit margins. Our clients can focus on most prominent investment centers by procuring our market research.

Evaluating potential business partners:

Our research and Insights help our clients identify compatible business partners.

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