Analysis of the Global Medical Cannabis Market

The latest report, Medical Cannabis market enables stakeholders to gain insights into their potential consumers to construct more effective marketing strategies for the forecast period, 2021 to 2028. Most importantly, the document empowers business owners to seek information about potential consumers and where they can find them. With an exclusive coverage of the top vendors, the study enables business owners to know more about the local market and locate potential consumers.

The global medical cannabis market size is expected to reach USD 24.52 Billion at a steady revenue CAGR of 11.5% in 2028, according to latest analysis by Emergen Research. Increase in medical cannabis products and the rise in research activities are driving the market revenue growth. Moreover, legalization of the product in several countries is also propelling growth of the market.

Medical cannabis is deemed safer and has fewer side-effect as compared to other treatment options. It is used to treat nausea and combat negative side-effects, especially among patients undergoing chemotherapy, 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. Legalization of marijuana throughout the country could create up to 1 million jobs by 2025 in the U.S. Workers are needed to farm, process, distribute and sell marijuana and its related products. Medical cannabis has not only created jobs but have also generated significant amount of taxes. For instance, Colorado, in 2019, collected more than USD 302 million in taxes and fees on medical and recreational marijuana.

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The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans. The report covers the estimation of key market players, emerging new players, and regional analysis to offer a better understanding of the Medical Cannabis market.

The comprehensive report addresses the following questions:

Which region is expected to dominate the market over the coming years?

Which application or end-user segment is anticipated to show significant growth over the projected timeline?

What is the impact of the COVID-19 pandemic on the overall market growth?

What are the macro- and micro-economic factors influencing the growth of the market?

What are the recent R&D and technological advancements in the Medical Cannabis market?

Competitive Landscape:

Key market players operating in the global Medical Cannabis market and studied in the report 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.

Furthermore, the report supplies an in-depth understanding and insight into the leading manufacturers and players with a brief overview of their business. This section deals with the latest business moves, product launches, strategic collaborations, technological advancements, and profitable business ventures. The report also includes revenue estimations and CAGR of the Medical Cannabis market in the coming years.

The global Medical Cannabis market report includes a comprehensive analysis of the top players of the market and their market scope through advanced analytical tools. Tools such as Porter’s Five Forces Analysis, SWOT analysis, feasibility analysis, and investment return analysis are used to analyze their growth patterns and market scope for the forecast period of 2020-2027.

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Medical Cannabis Market Segmentation:

The report further explores the segmentation of the market based on types, applications, and regions.

Emergen Research has segmented 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; 2018-2028)
Oil
Buds
Tinctures
Application Outlook (Revenue, USD Billion; 2018-2028)
Chronic Pain
Mental Disorders
Anorexia
Seizures
Muscle Spasm
Cancer
Others
Route of Administration Outlook (Revenue, USD Billion; 2018-2028)
Oral
Intravenous
Inhalation
Topical
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
Dispensaries
Online
Regional Analysis:

According to the regional analysis, the market is segmented into the key geographical regions, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further provides insight into the regions dominating the market and is expected to lead the market in the coming years. The report also discusses the growth rate and market size of each major region for the forecast period. It also covers production and consumption patterns, supply and demand dynamics, current and emerging trends, import/export, and the presence of key players in each region.

In-depth Regional Analysis Covers:

North America (U.S., Canada, Mexico)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Highlights of the TOC of the report:

Chapter 1: Market overview

Chapter 2: Global Medical Cannabis market analysis

Chapter 3: Regional analysis of the Medical Cannabis industry

Chapter 4: Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Competitive landscape

Chapter 7: Market share analysis

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Refer to ToC for more information on the chapters of the report.

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