Medical Cannabis Market Size, Value, Trends, Industry Overview, Outlook and Business Opportunity 2022-2027
The medical cannabis market is projected to reach $52.1 billion by 2027 and to show a CAGR of 10.4% over the period 2022-2027.
Sheridan, Wy, USA, November 14, 2022 / Eintresswire.com/-According to Imarc Group’s Latest Report, Titleded “𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐚𝐧𝐧𝐚𝐛𝐢𝐬: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐢𝐳𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕”, the global The medical cannabis market size reached $26.1 billion in 2021. Looking ahead, IMARC Group expects the market to reach $52.1 billion by 2027, at a CAGR of 10.4% over 2022-2027.
Medical cannabis, or hash and dope, represents a group of three psychoactive plants known as Cannabis Sativa, Indica, and Ruderalis, which are grown in tropical and temperate regions. It is usually made from cannabis sativa flowers and leaves that are extensively dried and cured to enhance flavor and produce a cleaner and smoother smoke. Medicinal cannabis possesses calming, therapeutic and sedative properties that reduce depression and treat glaucoma and chronic pain. Apart from that, regular use of medical cannabis helps in treating post-traumatic stress disorder and acquired immune deficiency syndrome (AIDS). Consequently, it is used in capsules, lozenges, skin patches, and edible forms for post-prescription treatment purposes.
𝐆𝐞𝐭 𝐅𝐫𝐞𝐞 𝐅𝐫𝐞𝐞 𝐂𝐨𝐩𝐲 𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/medical-cannabis-market/requestsample
𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐂𝐚𝐧𝐧𝐚𝐛𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:
Growing consumer awareness of product availability and its multiple therapeutic benefits, as well as rising demand for cannabis-based therapies are primarily driving the market growth. Compared to traditional alternative treatments, medicinal hash is safer and has fewer side effects; As such, it is often used in conjunction with therapies to enhance its effectiveness and minimize unwanted side effects. Furthermore, extensive inhalation of medicinal cannabis to reduce epileptic seizures and several oncological health complications favors market growth as they contain active ingredients such as cannabidiol (CBD) and tetrahydrocannabinol (THC). In addition, increasing disposable income, rising product demand in the nutraceuticals industry and ongoing initiatives by governments of different regions to promote legalization of cannabis for medical purposes are positively stimulating the market growth.
𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=1053&method=1
Competitive landscape with key players:
The competitive landscape of the Medical Cannabis market has been studied in the report that provides the detailed profiles of the major market players.
𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞𝐬𝐞 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧𝐜𝐥𝐮𝐝:
• Canopy Growth Corporation
• GW Pharmaceuticals, plc
• Aurora Cannabis, Inc.
• Aphria, Inc.
• MedReleaf Corporation
• Insys Therapeutics, Inc.
• CanniMed Therapeutics, Inc.
• Cara Therapeutics, Inc.
• United Cannabis Corporation
Key Market Segmentation:
The report has segmented the medicinal cannabis market based on species, derivatives, application, end-use, route of administration, and region.
Breakdown by species:
Breakdown by derivatives:
• Cannabidiol (CBD)
• Tetrahydrocannabinol (THC)
Separation by application:
Breakdown by End Use:
• Pharmaceutical industry
• Research and development centers
Separation by route of administration:
• Oral solutions and capsules
Breakdown by region:
• North America (United States, Canada)
• Europe (Germany, France, UK, Italy, Spain, Russia, others)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Turkey, South Africa, others)
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐰𝐢𝐭𝐡 𝐰𝐢𝐭𝐡 𝐓𝐎𝐂 𝐓𝐎𝐂 𝐋𝐢𝐬𝐭 𝐋𝐢𝐬𝐭 𝐅𝐢𝐠𝐮𝐫𝐞𝐬 𝐅𝐢𝐠𝐮𝐫𝐞𝐬: https://www.imarcgroup.com/request?type=report&id=1053&flag=c
Key highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market drivers and success factors
• Effects of COVID-19
• Value chain analysis
• Comprehensive mapping of the competitive landscape
If you require specific information that is not currently in the scope of the report, we will provide it as part of the customization.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Medical Cannabis Market in Thailand:
RCM Healthcare Outsourcing Market:
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