Insights into Cannabidiol (CBD) Market and it’s growth outlook

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Cannabidiol Market outlook with industry review
and forecasts
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Cannabidiol Market

• Cannabidiol market is set to experience a
  remunerative period of growth over the
  forthcoming timeframe owing to its growing
  prominence as cure-it-all for a number of
  ailments such as migraine, chronic pain, and
  anxiety. In fact, the demand for cannabidiol is
  set to grow immensely for wellness and medical
  purposes owing to its healing properties, thereby
  making it a driving factor for market growth.
• Cannabidiol is the second most prevailing active
  ingredients present in marijuana. CBD or
  cannabidiol is a key component of medical
  marijuana, and is directly derived from the hemp
  plant, a cousin of marijuana plant.
• This makes CBD a naturally occurring substance.
  CBD is commonly used in products such as oils and
  edibles to give a feeling of relaxation and
  calmness. CBD is generally used to tackle anxiety
  and for patients who are suffering the misery of
  insomnia. Various studies suggest that
  cannabidiol might further help with both staying
  asleep and falling asleep.

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Continued...

• Epidiolex, a FDA-approved CBD medication is
  currently the only product present in the market
  for the treatment of specific types of epilepsy.
  But it has also shown the ability to treat other
  health issues which include osteoarthritis, back
  pain, and cancer. CBD is also useful in providing
  relief from chronic pain, depression,
  inflammation, and many other health related
  conditions.
• The cannabidiol market is segmented into product,
  application, route of administration, source,
  distribution channel, and regional landscape.
• With respect to product, the market is
  categorized into oils, tablet, isolates,
  tinctures, vape oil, transdermal patches,
  suppository, capsules, creams and roll-on, and
  others. Among these, creams roll-ons product
  segment held a market share of around 12 in 2019
  owing to their increased utilization as a
  substitute to beauty products. Roll-ons contain
  CBD oil, it relieves, soothes as well as promotes
  a feeling of well-being instantly.

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Continued...

• In terms of application, electrosurgical
  generators market is segmented into gynecology,
  optical, cardiac, dermatology, ENT, dental,
  orthopedic, maxillofacial, neurology and urology.
  It is estimated that the optical application
  segment may reach 462.5 million by 2025. A
  considerable share of this growth could be due to
  the adoption of electrosurgery generators in
  ophthalmic procedures for dissecting, cutting,
  fulgurating, coagulating, ablating, and shrinking
  tissues. In addition, rising cases of eye-related
  disorders and increasing need for minimal
  invasive procedures could facilitate the demand
  for electrosurgery generators in the optical
  industry.
• Based on end-use, ambulatory surgical centers are
  projected to advance by 10 over the predicted
  timeframe. Nowadays, patients mostly prefer a
  visit to ambulatory surgical centers as they
  provide high-quality treatment at nominal prices.
  At these centers, patients avoid staying after
  undergoing a minor surgery. Factors that may
  fast-track the demand for electrosurgery
  generators at these centers in the coming years.

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Continued...

• Based on source, the market is divided into
  marijuana and hemp. Among these, marijuana is
  expected to reach USD 25,389 million by 2026
  owing to the utilization of marijuana-based
  products in food dietary supplements for
  suppressing symptoms of few neurological
  disorders.
• With respect to distribution channel, the market
  is segmented into offline and online distribution
  channel. Among these, the offline distribution
  channel registered a major market share of around
  54 in 2019. This is due to the increased sales
  of cannabidiol based products in big retail
  stores.
• From a regional frame of reference, the Europe
  cannabidiol market is projected to reach a CAGR
  of 35.2 during the forecast timeframe with a
  revenue of USD 23,535 million by 2026.

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