Insights into Cannabidiol (CBD) Market and it’s growth outlook - PowerPoint PPT Presentation

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

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Cannabidiol (CBD) Market Size By Product (Oils, Tinctures, Suppositories, Transdermal Patches, Isolates, Tablets, Capsules, Vape Oils, Creams & Roll-ons) – PowerPoint PPT presentation

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


1
Cannabidiol Market outlook with industry review
and forecasts
Fuel Cell Market size worth 25.5bn by 2024
2
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.

3
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.

4
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.

5
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.

6

Browse Full Market Research Report On
Cannabidiol Market _at_ https//bit.ly/3bicNHy
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/4541
7
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