Global Medical Cannabis Market Report 2021 Featuring Aphria, Aurora Cannabis, Cannabis Science, Canopy Growth, Medical Marijuana, Inc., VIVO Cannabis, Tikun Olam, Tilray, The Cronos Group, and CANVORY

DUBLIN, May 21, 2021 / PRNewswire / – ResearchAndMarkets.com has expanded its offering with the report “Medical Cannabis Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Product Type, Medical Application, and Geography”.

The global medical cannabis market is expected to be reached $ 49,116.4 million until 2028 from $ 8,926.6 million It is estimated to grow at an annual growth rate of 23.9% between 2021 and 2028.

Developing countries in the south and Central America, Asia, and the middle East & Africa, North America, and Europe have legalized the use and cultivation of medicinal cannabis.

Despite the widespread legalization of cannabis use, legal cultivation and production used to be mainly restricted to developing countries. in the September 2019, the Ministry of Trade, Agriculture and Fisheries of Jamaica announced a partnership with the Harvard International Phytomedicines and Medical Cannabis Institute (HIPI) to investigate the pharmacological benefits of cannabis.

At the same time, Jamaica The aim is to capitalize on this partnership and take this opportunity to expand and develop the national marijuana industry. In addition, according to the World Health Organization (WHO), ~ 80% of the world’s population use marijuana or cannabis for medicinal products. Hence, the growing acceptance, cultivation, and production of cannabis in developing countries is contributing significantly to the growth of the medical cannabis market.

Based on the product type, the medical cannabis market is segmented into flowers, concentrates, cannabis oil and topical ointments, capsules, tablets, and beverages and foods. In 2019, the flower segment had the largest share of the medical cannabis market by product type. However, the highest CAGR is expected for the beverage and food segment in the coming years.

Based on the medical application, the Medical Cannabis market is segmented into Pain Management, Neurological Health Management, Mental Health Management, and others. In 2020, the pain management segment had the largest market share and is expected to have the fastest CAGR in the medical cannabis market.

Based on the connection, the medical cannabis market is divided into tetrahydrocannabinol (THC) dominant, cannabidiol (CBD) dominant, and balanced THC and CBD. In 2020, the THC-dominated segment had the largest market share and is expected to see the fastest growth rate in the medical cannabis market.

Important primary and secondary sources referred to in the preparation of the Medical Cannabis Market Report are the Council for Scientific and Industrial Research, the National Center for Life Sciences, the Food and Medicines Agency, the National Research Foundation, the European Observatory for Cannabis cultivation and South African health products regulator and World Health Organization among others.

Main topics covered:

1 Introduction
1.1 Scope of the study
1.2 Research Report Guidelines
1.3 Market segmentation

2. Medical Cannabis Market – Keys To Take Away

3. Research methodology

4. Medical Cannabis Market – Market Landscape
4.1 Overview
4.2 Pest analysis
4.3 Expert opinion

5. Medical Cannabis Market – Key Market Dynamics
5.1 Market drivers
5.1.1 Growing number of approvals for medical cannabis products
5.1.2 Growing acceptance for the medicinal use of cannabis in developing countries
5.1.3 Growing research into the medicinal uses of cannabis
5.1.4 Escalation of government funding to raise awareness and research into the medicinal benefits of cannabis
5.2 Market Restrictions
5.2.1 Illegal use of cannabis as a street drug and misunderstandings about cannabis
5.3 Market Opportunities
5.3.1 Growing demand for cannabis during COVID-19
5.4 Future trends
5.4.1 Dissemination of medical cannabis
5.4.2 Continuous growth of the pharmaceutical industry worldwide
5.5 Impact analysis

6. Medical Cannabis Market – Global Analysis
6.1 Sales forecast and analysis for the global medical cannabis market
6.2 Global Medical Cannabis Market By Geography – Forecast and Analysis
6.3 Market positioning of the main players

7. Medical Cannabis Market Analysis – By Product Type
7.1 Overview
7.2 Medical Cannabis Market Revenue Share by Product Type (2020 and 2028)
7.3 flowers
7.4 concentrates
7.5 Topical ointments
7.6 tablets
7.7 capsules
7.8 Beverages and food

8. Medical Cannabis Market Analysis – By Medical Application
8.1 Overview
8.2 Medical Cannabis Market Revenue Share by Medical Application (2020 and 2028)
8.3 Pain Management
8.4 Neurological health management
8.5 Mental health management

9. Medical Cannabis Market – By Link
9.1 Overview
9.2 Medical Cannabis Market by Compound, 2020 and 2028 (%)
9.3 Tetrahydrocannabinol (THC) dominant
9.4 Cannabidiol (CBD) dominant
9.5 Balanced THC and CBD

10. Medical Cannabis Market – Geographical Analysis

11. Impact of the COVID-19 Pandemic on the Global Medical Cannabis Market

12. Industrial landscape
12.1 Overview
12.2 Growth strategies of companies in the market (%)
12.3 Organic Developments
12.3.1 Overview
12.3.2 Organic developments in companies
12.4 Inorganic Developments
12.4.1 Overview
12.4.2 Inorganic Developments in Companies

13. Company profiles
13.1 Key facts
13.2 Business Description
13.3 Products and Services
13.4 Financial overview
13.5 SWOT analysis
13.6 Major Developments

  • Aphria, Inc.
  • Aurora cannabis
  • Cannabis Science, Inc.
  • Canopy Growth Corporation
  • Medical Marijuana, Inc.
  • VIVO Cannabis Inc.
  • Tikun Olam
  • Tilray
  • The Cronos Group
  • CANVORY

Please visit https://www.researchandmarkets.com/r/w357of for more information on this report

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