The Global Medical Cannabis Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Medical Cannabis industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Medical Cannabis market along with crucial statistical data about the Medical Cannabis market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027.

The global Medical Cannabis Market is forecasted to be worth USD 47.15 Billion by 2027, according to a current analysis by Emergen Research. An increase in medical cannabis products and the rise in research activities are driving the demand for the market. Moreover, the legalization of the product in several countries will also propel the demand for market growth.

Medical cannabis is safe and has less side-effect as compared to other treatment options. It is used to treat nausea and combat negative side-effects, especially among chemotherapy patients, 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.

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COVID-19 Impact Analysis:

The current COVID-19 pandemic is expected to have an effect on the growth of the Medical Cannabis industry majorly attributable to the movement restrictions and impact on the supply and demand due to the lockdowns. The COVID-19 pandemic has affected several sectors of the global market, and the Medical Cannabis sector is expected to feel the impact of the pandemic. The economic slowdown and dynamic changes in the demands will further affect the growth of the industry. The report covers the impact analysis of the COVID-19 pandemic on the overall Medical Cannabis industry.

Key Highlights From 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.
  • The oil product type is forecasted to grow with the fastest CAGR of 17.5% due to the high demand for hemp oil among healthcare workers for clinical purposes. CBD oil can reduce depression and anxiety, alleviate cancer-related symptoms, and also relieves pain.
  • Inhalation is a preferred medium of administration, as it offers controlled dosage and effective absorption of cannabinoids into the body. This is expected to propel the demand for the market in the coming years.

Top competitors of the Medical Cannabis Market profiled in the report include:

  • Canopy Growth Corporation
  • Aphria, Inc.
  • Aurora Cannabis
  • Maricann Group, Inc.
  • Tilray
  • Cronos Group
  • Organigram Holdings, Inc.

Valuable Market Insights:

  • The report highlights the latest trends observed in the consumption pattern of each regional segment.
  • Extensive market segmentation included in the report helps better understand the revenue and estimated growth of the individual regions.
  • The report throws light on the historical and current market scenarios and provides a concise year-on-year growth rate of the global Medical Cannabis market.
  • The report further entails the current market trends, technological advancements, revenue growth, and other aspects affecting market growth.

To get access to the complete report on the Medical Cannabis market, click on the link mentioned here: @https://www.emergenresearch.com/industry-report/medical-cannabis-market

Regional Analysis:

This section of the report offers valuable insights into the geographical segmentation of the Medical Cannabis market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments.

The report classifies the global Medical Cannabis market into various regions, including:

  • North America (U.S., Canada)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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