Medical Cannabis Market Size To Grow At A CAGR Of 7.3% In The Forecast Period Of 2024-2032
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Organic Chemical Market Size Was Valued at USD 13.89 Billion in 2023, and is Projected to Reach USD 26.19 Billion by 2032, Growing at a CAGR of 7.3% From 2024-2032
Medical Cannabis , also known as clinical marijuana, is the usage of the Cannabis plant or its extracts to relieve signs and symptoms of various medical conditions. The energetic additives in it are known as cannabinoids, with the maximum famous ones being tetrahydrocannabinol (THC) and cannabidiol (CBD). THC causes a psychoactive impact and is associated with the euphoric feeling from hashish, while CBD does not purpose a high and has been connected to exclusive healing homes. Rising help among the majority and healthcare professionals for the advantages of clinical hashish; progressed knowledge for physicians and people approximately its various packages. Many international locations are an increasing number of legalizing clinical hashish as a international fashion, with regulatory entities backing its medicinal advantages, ensuing in improved availability and acclaim for healing use.
Key Prominent Players In The?Medical Cannabis Market:
Canopy Growth Corporation (Canada), Aurora Cannabis Inc. (Canada), Tilray, Inc. (Canada), GW Pharmaceuticals plc (United Kingdom), Cronos Group Inc. (Canada), Aphria Inc. (Canada), MedMen Enterprises Inc. (USA), Green Thumb Industries (GTI) (USA), Trulieve Cannabis Corp. (USA), Curaleaf Holdings, Inc. (USA), Cresco Labs (USA), Harvest Health & Recreation Inc. (USA), and other active players.
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Medical Cannabis Market Trend Analysis
Increased Execution of Cannabis for Recreational Purpose
Legalizing cannabis for leisure use has made it greater to be had, ensuing in a lower in stigma and it’s turning into more socially suited. This promotes a extra number of sufferers to do not forget hashish as a feasible alternative for scientific remedy. Awareness of the therapeutic blessings of hashish may additionally purpose a wider range of consumers to shift from the usage of it recreationally to the usage of it for scientific functions. Investing in recreational markets has a fantastic effect on the scientific cannabis industry by way of supplying greater sources for research, goods, and offerings. Overall growth within the enterprise enables to develop infrastructure for both leisure and scientific markets.
Segmentation?Analysis of The Medical Cannabis Market
By Types
Flowers/Buds, Concentrates, Edibles, Topicals, Tinctures, Capsules
By Species
Cannabis Indica, Cannabis Sativa, Hybrid
By Derivatives
Cannabidiol (CBD), Tetrahydrocannabinol (THC), Cannabinol (CBN), Cannabicyclol (CBL), Cannabichromene (CBC), Cannabigerol (CBG
By Source
Natural, Synthetic
By Applications
Cancer, Chronic Pain, Arthritis, Neurological Disorders, Skin Conditions, Others {Anxiety and Stress, Sleep Aids, Migraines}
By End-User
Pharmaceutical Industry, Research and Development Centres, Homecare Setting, Hospitals and Clinics, Retail Pharmacies, Government and Regulatory Bodies
Regional Analysis:
The latest research on the Medical Cannabis market provides a comprehensive overview of the market for the years 2024 to 2032. It gives a comprehensive picture of the global Medical Cannabis industry, considering all significant industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter's five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Medical Cannabis market. Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.?
Important Inquiries Addressed in the Recent Research Report on the Medical Cannabis Market
-What are the revenue and volume dimensions of the Medical Cannabis Market?
-How has the historical growth rate of the Medical Cannabis Market evolved, and what growth rates are anticipated in the future?
-Which approaches offer the most effective means of entering the market or augmenting one's market presence?
-Which methodologies were employed to analyze the dataset?
-Who are the prominent competitors in the Medical Cannabis Market?
-What portion of the market is held by each contender?
-What strategies are these contenders employing to secure a competitive advantage?
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