Global Medical Cannabis Market – Recent Trends and Developments, Challenges, Main Drivers and Restraints, and Forecast 2021-2028

Washington, June 20, 2021 – Databridgemarketresearch.com announces the release of Global Medical Cannabis Market Size, Share and Trend Analysis report through 2027. The market research report proves to be an ideal solution when it comes to better understanding the chemicals and materials industries and leading business growth. Market definition, segmentation, applications and value chain structure of this industry are mentioned in the report. This report provides current as well as upcoming technical and financial details of the industry through 2026. According to this report, market renewal is mainly due to the actions of key players or brands such as developments, product launches, joint ventures, mergers, and acquisitions. The company profiles of all major players and brands that dominate this report were taken into account.

Global Medical Cannabis Market, By Species (Cannabis Indica, Sativa, Hybrid), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC), Others), Application (Pharmaceutical Industry, Research & Development Centers, Others), Route Of Administration (Oral Solutions) and capsules, smoking, vaporizer, topicals, others), country (USA, Canada, Mexico, Germany, Italy, Great Britain, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Israel, rest of Middle East and Africa), market trends and Forecast to 2027

The medical cannabis market is expected to see market growth in the forecast period from 2020 to 2027. Data Bridge Market Research analyzes that the market will reach $ 82.19 billion by 2027 and grow at a CAGR of 20.25% over the forecast period above. Increased awareness of the benefits of cannabis is expected to create new opportunities for the marketplace.

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The key players covered in the 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 Marijuana, Inc. BOL Pharma , Cresco Labs, Cresco Labs, among other national and global players. Market share data is available separately for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America. DBMR analysts understand competitive strengths and offer competitive analysis for each competitor separately.

It is expected that fewer side effects of cannabis compared to the other treatment options will increase market growth. Some of the other factors such as the increasing aging of the population, increasing clinical studies and research development activities, increasing disposable income and increasing healthcare spending will drive the medical cannabis market in the forecast period 2020 to 2027.

Global Medical Cannabis Market, By Species (Cannabis Indica, Sativa, Hybrid), Derivatives (Cannabidiol (CBD), Tetrahydrocannabinol (THC), Others), Application (Pharmaceutical Industry, Research & Development Centers, Others), Route Of Administration (Oral Solutions) and capsules, smoking, vaporizer, topicals, others), country (USA, Canada, Mexico, Germany, Italy, Great Britain, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia Pacific, Brazil, Argentina, rest of South America, South Africa, Saudi Arabia, United Arab Emirates, Egypt, Israel, rest of Middle East and Africa), market trends and Forecast to 2027

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Global Medical Cannabis Market Scope and Size

The medical cannabis market is segmented based on types, derivatives, uses, and routes of administration. The growth of these segments helps you analyze lean growth segments in the industries and provides users with valuable market overview and insights to make strategic decisions to identify core market applications.

  • Based on the species, the medical cannabis market is divided into Cannabis Indica, Sativa, and Hybrid.
  • 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 pharmaceutical industry, research and development centers, and others.
  • Depending on the route of administration, the medical cannabis market is divided into oral solutions and capsules, smoking, vaporizers, topicals and others.

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Medical cannabis market Country level analysis

The Medical Cannabis market is analyzed and insights into market size and trends are provided by country, species, derivatives, application and route of administration as mentioned above.

Countries covered in the Medical Cannabis Market report are the United States, Canada, and Mexico in North America, Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea , Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia Pacific (APAC), Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, rest of the Middle East and Africa (MEA) as part of the Middle East and Africa (MEA), Brazil, Argentina and the rest of South America as part of South America.

The country section of the Medical Cannabis market report also presents individual factors influencing the market and changes in the domestic market regulation that affect the current and future trends of the market. Data points such as consumption quantities, production locations and quantities, import-export analyzes, price trend analyzes, raw material costs, downstream and upstream value chain analyzes are some of the most important indicators for forecasting the market scenario for individual countries. It also takes into account the presence and availability of global brands and their challenges due to large or little competition from local and domestic brands, the impact of domestic tariffs and trade routes, while providing a forecast analysis of the country data.

Health infrastructure growth Installed base and penetration of new technologies

The Medical Cannabis Market also gives you a detailed market analysis for each country, the growth in healthcare spending on capital goods, the installed base of various types of products for the Medical Cannabis market, the impact of the technology using lifelines curves, and changes in regulatory scenarios in healthcare and its impact on the medical cannabis market. The data are available for the historical period 2010 to 2018.

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Medical cannabis competitive landscape and market share analysis

The competitive landscape of the Medical Cannabis market provides details about the competitor. Details included are company overview, company finances, sales, market potential, investments in research and development, new market initiatives, global presence, production sites and facilities, production capacities, strengths and weaknesses of the company, product launch, product breadth and breadth, application dominance. The above data points relate to companies’ focus on the medical cannabis market only.

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