The latest industry intelligence report on the Medical Cannabis market performs a cautious examination of the current business environment and competitive landscape of the Medical Cannabis market for the forecast period, 2020 - 2027. These facts and figures help readers evaluate the global market growth, production, and consumption rates, volatility in demand and product prices, and upcoming market trends over the projected period. Moreover, legalization of the product in several countries is also propelling growth of the market. The Global Medical Cannabis Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends.
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The Global Medical Cannabis Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Medical Cannabis market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. To help gain the business owner further gain business intelligence the study on the Medical Cannabis market for the forecast period 2020 - 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. Medical cannabis is deemed safer and has fewer side-effect as compared to other treatment options. 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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Medical cannabis growth is deterred by certain side-effect incurred by the patients, such as fatigue, dizziness, constipation, and a problem in speech. Moreover, the problem of undertaking medical cannabis and a lack of data safety will hinder the growth for medical cannabis.
Market Overview:
The research report on the Medical Cannabis market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. It offers accurate estimations about the expected market size and growth over the projected timeline of 2020-2027. The report strives to offer deeper insights into the overall market scenario of the Medical Cannabis business sphere.
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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.
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
The research provides answers to the following key questions:
- What is the expected growth rate of the Medical Cannabis market for the forecast period 2020 - 2027? What is the market size likely to be during the estimated period?
- What are the key driving forces shaping the future of the industry across different countries?
- Who are the prominent market players dominating the Medical Cannabis market? How have they managed to maintain a competitive edge over their competitors?
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