medical cannabis market

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Medical Cannabis Market is Estimated to Rise at a
CAGR of 11.5 during the Forecast Period,
observes Emergen Research
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Our Model
Market Analysis
Financial Analysis
Distribution Channel Analysis
Brand Analysis
Custom Market Intelligence
Competitor Analysis
Product Analysis
Custom Research
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Demand Analysis
Risk Analysis
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Business Plan Parameters
End Use Analysis
Demand Availability Analytics
Market Entry Strategy
Restructuring Revival
New Product Strategy
Product Planning / Strategy
SWOT Analysis
Marketing / Distribution Channel Feasibility
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Customer Identification Survey
Competitive Landscape / MA Feasibility
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Industries We Cater to
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Market Summary
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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Market Summary

• Some Key Highlights in the Report
• In October 2020, MediPharm Labs Corp. signed an
  exclusive supply agreement with STADA to meet the
  growing demand for medical cannabis in Germany.
  STADA wanted to be the go-to partner for
  generics, which is achieved by the partnership.
• Oil segment is expected to register significant
  growth rate during the forecast period due to
  high demand for hemp oil among healthcare workers
  for clinical purposes. Cannabidiol (CBD) oil can
  reduce depression and anxiety, alleviate
  cancer-related symptoms, and relieves pain. CBD
  oil can also treat acne owing to its ability to
  reduce sebum production and anti-inflammatory
  properties.
• Inhalation is a preferred medium of
  administration, as it offers controlled dosage
  and effective absorption of cannabinoids into the
  body. Inhalation segment accounted for largest
  revenue share in 2020. Inhalation is most
  effective and rapid way to induce measurable
  serum levels of cannabinoids.
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Market Summary
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 Read
More_at_https//www.emergenresearch.com/industry-repo
rt/medical-cannabis-market
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Parameter Details
Market Size Estimation Period 2020-2028
Base Year Considered 2020
Historical Data 2017-2019
Forecast Period 2021-2028
Quantitative Units Revenue in USD million CAGR from 2020 to 2028
Segments Covered Types, Application, End-Users, Regions more.
Countries Included The U.S., Germany, U.K., Italy, China, India, Japan, Brazil
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regions Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization Scope 10 hours of free customization expert consultation
Pricing and Purchase Options Explore Different Purchase Options Request for Discount to Avail New Year Discount
MARKET SEGMENTATION
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Regional Share Dynamics
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