Global Medical Cannabis Market Rises Forecast for Impressive Business Opportunities by 2027 || Players-Aurora Cannabis, Aphria Medical Cannabis, MedReleaf Corp., CanniMed Ltd., United Cannabis, The Peace Naturals Project – KSU
The quality and transparency retained in this medical cannabis report win the trust and reliability of member companies and customers. For effective business growth, companies must adopt the Medical Cannabis market research report which has become very important in this fast changing market. This medical cannabis report best suits the needs of the client. This Medical Cannabis market research report also offers a list of key competitors along with strategic insights and analysis of the key factors influencing the industry. The Medical Cannabis market report will surely help you grow sales and improve the return on investment (ROI).
The Medical Cannabis market research report provides market data for various segments such as technologies, services, and applications across many geographic areas. Hopefully, the market research analysis conducted in this report will help companies plan their strategy around production, costs, inventory, purchasing, and marketing. A panel of skilled analysts, accomplished statisticians, knowledgeable research experts, avid forecasters, and smart economists work carefully to produce such a great market research report for the companies. Not to mention, various steps were used to collect, analyze, and record the data and information to create the report.
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The medical cannabis market is expected to experience market growth in the forecast period 2020 to 2027. Data Bridge Market Research analyzes the market at $ 20.19 billion by 2027 and is growing at a CAGR of 20.25% over the forecast period mentioned above. The increasing awareness of the benefits of cannabis is expected to create new opportunities for the market.
The main players covered in Medical Cannabis market report are Canopy Growth Corporation, GW Pharmaceuticals plc., Aurora Cannabis, Aphria Medical Cannabis, MedReleaf Corp., CanniMed Ltd., United Cannabis, The Peace Naturals Project Inc., Medical Marihuana, Inc., BOL Pharma, Cresco Labs, Cresco Labs, at other domestic and global actors.
Market insights mentioned in the report
- Strategic recommendations in key business areas in the light of market assessments.
- Market share and size of all leading players in the industry
- Strategic proposals for the new participants
- Description and forecast of the Medical Cannabis Market in terms of value by process, product type, and industry.
- Strategic profiling of the main players and comprehensive analysis of their market position in terms of ranking and core competencies as well as detailed presentation of the competitive landscape for market leaders
Global Medical Cannabis Market Scope and Size
The medical cannabis market is segmented by type, derivative, application, and route of administration. The growth between these segments helps you analyze meager growth segments in the industries and provide users with valuable market overview and insights so that they can make strategic decisions to identify core market applications.
- The medical cannabis market is divided into cannabis indica, sativa and hybrid by type.
- The derivatives segment of the medical cannabis market is divided into cannabidiol (CBD), tetrahydrocannabinol (THC), and others.
- The application segment of the medical cannabis market is divided into the pharmaceutical industry, research and development centers, and others.
- Based on the route of administration, the medical cannabis market is divided into oral solutions and capsules, smoking, vaporizers, topical products, and others.
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The demand for medical cannabis is expected to increase in the coming months due to legalization in various growing markets. However, demand will remain unchanged during the COVID-19 pandemic due to the benefits of medical cannabis. Existing market leaders with a large market share, cash rich and with strong strategic teams, will be least affected. However, if the situation eases, sales will pick up again. By taking strategic steps, companies can showcase their plans and demonstrate stability to end users.
COVID-19 Impact on Medical Cannabis in Healthcare
The COVID-19 has resulted in a number of countries restricting various aspects of health care that have impacted multiple markets and their economies. Overall revenues for the market are less affected even in these pandemic situations because of their medical benefits. The market is advancing because of its benefits in chronic diseases.
Many experts suggest that medical cannabis can help treat COVID-19, as previous studies have shown that a wide variety of pro-inflammatory cytokines, including IL-6, can be decreased by CBD, which is decreased by several other drugs being studied to treat COVID-19. And the CBD undergoes numerous studies so that a perfect vaccine can be made.
The price is not materially affected as several companies use medicinal cannabis in large quantities due to its various benefits in treating various diseases. But in some places the price is going up a bit due to the dry supply in the areas where medicinal cannabis is imported.
The chapters covered in the Medical Cannabis Market Report:
Chapter 1: Medical Cannabis Market Overview, Market Segment (Upstream, Downstream) and Cost Analysis.
Chapter 2: Medical Cannabis Market By Type and Application
Chapter 3: Analysis of the leading players in the Medical Cannabis Market with industry profile and sales data.
Chapter 4: Medical Cannabis Market Global and Regional Analysis of Competitive Scenarios
Chapter 5: Medical Cannabis Market Demand (Current Regional and Global Demand Along With Demand Forecast)
Chapter 6: APAC Medical Cannabis Market Growth, Sales Status, and Future Growth Forecast 2027
Chapter 7: EMEA Medical Cannabis Market Growth, Sales Status, and Future Growth Forecast 2027
Chapter 8: Americas Medical Cannabis Market Growth, Sales Status, and Future Growth Forecast 2027
Chapter 9: Market Agreement Channel, Wholesalers, Brokers, Traders, Statistical Survey Results and Conclusions, Reference Section and Source of Information.
And many more
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Customization Available: Global Medical Cannabis Market
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