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Medical Cannabis Market Trends: Legalization of Marijuana in Various Countries
CANADA, BC, VANCOUVER, December 20, 2021 / EINPresswire.com/ – World medical cannabis market size is expected to reach $ 24.52 billion with a steady revenue CAGR of 11 , 5% in 2028, according to the latest analysis by Emergen Research. Rising medical cannabis products and increasing research activities are driving market revenue growth. In addition, the legalization of the product in several countries is also driving market growth. The report provides holistic coverage of the medical cannabis market, highlighting the key factors influencing industrial growth, the technological developments taking place in the industry and the current and emerging trends observed in the major regional markets. The report provides accurate information on the supply-demand relationship and the volume of production and consumption of each segment. It also studies supply chain disruptions and pandemic-induced economic volatility and provides a current and future assessment of the impact of the pandemic on the global and regional medical cannabis market.
The increase in the geriatric population is also driving market growth, as older people are more susceptible to the disease and experience a high level of pain. Research and development activities, clinical trials and product marketing will also foster market growth. The growth of medical cannabis is hampered by certain side effects that patients suffer from, such as fatigue, dizziness, constipation, and speech problems. In addition, the problem of making medical cannabis and the lack of data security will hinder the growth of medical cannabis.
Some key aspects of the report
In October 2020, MediPharm Labs Corp. signed an exclusive supply agreement with STADA to meet the growing demand for medicinal cannabis in Germany. STADA wanted to be the reference partner for generics, which is achieved with the association.
The oil segment is expected to record a significant growth rate during the forecast period due to the high demand for hemp oil among health care workers for clinical purposes. Cannabidiol oil (CBD) can reduce depression and anxiety, relieve cancer-related symptoms, and relieve pain. CBD oil can also treat acne due to its ability to reduce sebum production and its anti-inflammatory properties.
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Medicinal cannabis is considered safer and has fewer side effects compared to other treatment options. It is used to treat nausea and combat the negative side effects, especially among patients undergoing chemotherapy, making the whole procedure more tolerable. The product is used with other opioid painkillers, which allows patients to reduce the dose and frequency of opioids, relieving pain. Nationwide legalization of marijuana could create up to 1 million jobs by 2025 in the U.S. Workers are needed to grow, process, distribute, and sell marijuana and related products. Medicinal cannabis has not only created jobs, but also generated a significant amount of taxes. For example, in 2019, Colorado raised more than $ 302 million in taxes and fees on medical and recreational marijuana.
The new report is updated with the impact of the COVID-19 pandemic on the medical cannabis market. It analyzes the impact of the pandemic on the economic landscape and government regulations in each region. The report forks the medical cannabis market based on different types of products, applications, end-user industries and key regions of the world where the market has already established its presence. In addition, the report covers the analysis of key players in the industry with a special focus on their global position, financial situation and recent developments. The five-force analysis and Porter’s SWOT analysis have been covered by the report to provide relevant data on the competitive landscape.
Major market players include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc.
For more information on the World Medical Cannabis Market Report, visit @ https://www.emergenresearch.com/industry-report/medical-cannabis-market
Emergen Research has segmented the global medical cannabis market by product type, application and route of administration, distribution channel, and region:
Product type outlook (revenue, billions of dollars; 2018-2028)
Oils
Outbreaks
Dyes
Application Outlook (Revenue, Billions of Dollars; 2018-2028)
Chronic pain
Mental disorders
Anorexia
Seizures
Muscle spasm
Cancer
Others
Perspectives on the administration route (revenue, billions of dollars; 2018-2028)
Oral
Intravenously
Inhalation
Topic
Distribution Channel Outlook (Revenue, Billions of Dollars; 2018-2028)
Dispensaries
On line
The regional landscape section of the medical cannabis report provides an in-depth look at the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import / export and the presence of key players in each region.
The different regions analyzed in the report include:
North America (USA, Canada)
Europe (UK, Italy, Germany, France, rest of the EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East and Africa (Saudi Arabia, UAE, South Africa, rest of MEA)
Market overview:
The authors of the report have implemented a set of analytical tools, such as SWOT analysis, Porter five-force analysis, feasibility analysis, and return on investment analysis, to provide recommendations. strategies for new entrants on how to overcome entry-level barriers. The report also presents a comprehensive analysis of the key elements of the medical cannabis market that influence its growth over the planned timetable. These vital elements include key factors, limitations, opportunities, limitations, threats, and micro and macroeconomic factors.
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Table of Contents
Chapter 1. Methodology and sources
1.1. Market definition
1.2. Field of research
1.3. Methodology
1.4. Research sources
1.4.1. primary
1.4.2. Secondary
1.4.3. Sources of payment
1.5. Market estimation technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key knowledge
Chapter 4. Medical Cannabis Market Segmentation and Impact Analysis
4.1. Material segmentation analysis of the medical cannabis market
4.2. Industrial perspectives
4.2.1. Analysis of market indicators
4.2.2. Analysis of market drivers
4.2.2.1. Increasing adoption of medical marijuana for the treatment of chronic diseases
4.2.2.2. Growing legalization of medical marijuana in several countries
4.2.3. Analysis of market constraints
4.2.3.1. Lower access to the marijuana market due to the absence of legalization programs
4.3. Technological knowledge
4.4. Regulatory framework
4.5. Analysis of the five forces of Porter
4.6. Analysis of the competitive metric space
4.7. Price trend analysis
4.8. Covid-19 impact analysis
Chapter 5. Medical Cannabis Market by Product Type Information and Trends Revenue (Million Dollars)
5.1. Product type dynamics and market share, 2021 and 2028
5.1.1. Oils
5.1.2. Outbreaks
5.1.3. Dyes
Continue …
Key Benefits of Buying the World Medical Cannabis Report:
Exhaustive analysis of the changing competitive landscape
The report provides an 8-year forecast and assessment of the global medical cannabis market
It helps to understand key product segments and their estimated growth rate
In-depth analysis of market drivers, constraints, trends and opportunities
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December 20, 2021, 15:13 GMT
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