Action required: Please refresh your browser
We have recently implemented some changes that require a hard refresh of your browser: Please hold down the CTRL-key and press the F5 key.
After a successful hard refresh, this message should not appear anymore.
More details about this topic are available here »
Medical Cannabis Market is Estimated to Rise at a CAGR of 26.6% during the Forecast Period, observes TMR Study | ||
By: PR Newswire Association LLC. - 24 May 2022 | Back to overview list |
|
ALBANY, N.Y., May 24, 2022 /PRNewswire/ -- The value of global medical cannabis market stood at US$ 8 Bn in 2018. The global market is likely to rise at a CAGR of 26.6% during the forecast period, from 2019 to 2027. The future market outlook for medical cannabis predicts the market value to reach US$ 52.8 Bn by 2027. Legislative measures that have played a key part in the legalization of cannabis use are expected to propel medical cannabis use to unprecedented heights. Furthermore, these legal reforms have resulted in an increase in cannabis cultivation for therapeutic and medicinal uses. The surge in medical cannabis demand is primarily supported by research and scientific developments that provide useful insights into the possible advantages of medicinal cannabis in the treatment of a variety of ailments. Research has been essential in raising understanding about the relationship between cannabinoids and human physiology. Furthermore, while medicinal cannabis is expected to draw large investment during the evaluation phase, it is also expected to provide significant STEM career possibilities. In recent years, research and development efforts have shifted to examining the physiology and biology of cannabinoids and a variety of other bioactive substances derived from cannabis. In Canada, the US, Canada, and some European Union countries, medicinal cannabis use is expected to expand at an unprecedented rate are expected to have largest revenue share in the medical cannabis market. Medical cannabis is on track to become one of the most significant new consumer categories in the US, according to current developments. Request Brochure of Medical Cannabis Market Research Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=76890 Key Findings of Market Report
Request for Analysis of COVID-19 Impact on Medical Cannabis Market –https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=76890 Global Medical Cannabis Market: Growth Drivers
Get Exclusive PDF Sample Copy of Medical Cannabis Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=76890 Global Medical Cannabis Market: Key Players Some of the key market players are
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=76890 Global Medical Cannabis Market: Segmentation Derivative
Application
Route of Administration
Distribution Channel
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Industry Research Reports by Transparency Market Research: Cannabis Testing Market: The global cannabis testing market is broadly divided into two that is test type and end-user. Based on test type, cannabis testing can be segmented into terpene profiling, pesticide screening, potency testing, residual solvent screening, genetic testing, microbial analysis, and heavy metal testing. Cannabis Pharmaceuticals Market: The shape of the cannabis pharmaceuticals market is expected to be molded by the changing dynamic of the regulatory landscape. A large part of negative public perception of cannabis products has been associated with the recreational use of TSH, a key psychoactive element of cannabis. Legal Marijuana Market: The promotional activities and marketing strategies to create product awareness and understand the benefits of marijuana in treatment procedures may lead to significant growth of the legal marijuana market. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ Contact Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg |
||
|
||
Copyright 2022 PR Newswire Association LLC. | Back to overview list |