Market Analysis: Medical Cannabis Market
Global Medical Cannabis market size was 12.98 billion in 2023 and the market is projected to touch USD 37.04 billion by 2032, at a CAGR of 12.36% during the forecast period.
"Market Scenario of the Medical Cannabis Market:
In the competitive landscape of today, a market research report like the Medical Cannabis report is crucial for businesses aiming to leverage emerging opportunities and strengthen their market presence. This comprehensive report provides deep insights into various market dimensions, including potential clients, segmentation, and growth prospects. Designed by the EMR team to be both concise and informative, the Medical Cannabis market report delivers a thorough analysis of factors impacting market size and growth rates.
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Cannabis, also known as marijuana, contains compounds called cannabinoids, which have potential therapeutic effects on various health conditions. The market encompasses a wide range of products, including dried cannabis flower, oils, capsules, and edibles, which are used to alleviate symptoms such as pain, inflammation, nausea, and anxiety.
The research report includes detailed profiles of top competitors, covering their data, sales income, revenue share, deal volume, and customer volume. It also explores why leading industry players utilize synthetic sourcing for market products. The findings are invaluable for industry leaders, offering insights into cost-effective manufacturing methods, the competitive landscape, and new application opportunities. Based on performance tracking since 2015, this report represents one of the most detailed analyses available.
Key Players Covered in This Study:
· Tilray
· Aurora Cannabis
· JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc)
· HEXO Corp. (Zenabis Global Ltd)
· Cresco Labs
· Peace Naturals Project Inc.
· CANOPY GROWTH CORPORATION
· Medical Marijuana, Inc.
· Seed Cellar
· EcoGen Biosciences
· CANNABIS SEEDS USA
· Seeds For Me
· HUMBOLDT SEED COMPANY
· Extractas
· World Class Cannabis Seeds (Crop King Seeds)
· BARNEY'S FARM
· FOLIUM BIOSCIENCES
· PharmaHemp
· Elixinol Global Limited
· ENDOCA
· Harmony
· MARY’S nutritionals, LLC
· Pure Ratios
· Greenwich Biosciences, Inc.
· Upstate Elevator Supply Co.
· Apothecanna
· BOL Pharma
· IDT Australia
· MediPharm Labs Inc.
Medical Cannabis Recent Developments
Jan 2024, BAT's subsidiary is deepening its strategic partnership with Organigram by investing approximately £74 million (CAD $124.6 million) between January 2024 and January 2025. This investment will increase BAT's equity position in Organigram from around 19% to 45%. Organigram, a leading Canadian licensed cannabis producer, will use this investment to enhance their Product Development Collaboration, which focuses on advanced R&D and product innovation. Additionally, Organigram will establish a strategic investment pool to pursue emerging opportunities and further investments within the cannabis sector.
Jan 2024, Kanabo Group plc (LSE: KNB), a patient-focused provider of digital health services and specialist medicines, including medicinal cannabis, is excited to announce a new partnership with City Dock Pharmacy in London. Together, they will launch a pioneering walk-in pain clinic offering specialized medicines, including medicinal cannabis. Located at City Dock Pharmacy in Wapping, London, the clinic will provide both appointment-based and walk-in services. It will utilize Kanabo’s Treat It online platform, with pharmacists available to guide patients through their medicinal cannabis treatment options. The clinic aims to deliver personalized treatment plans for the increasing number of chronic pain sufferers in the UK, who frequently encounter challenges such as long waiting times, bureaucratic obstacles, and affordability issues when accessing medical treatments.
The Medical Cannabis Market report provides insights on:
- Market Penetration: Comprehensive details on the product portfolios of leading players in the Medical Cannabis market.
- Product Development/Innovation: Insights into emerging technologies, R&D activities, and product launches.
- Competitive Assessment: An in-depth analysis of market strategies and geographic/business segments of top players.
- Market Development: Detailed information on emerging markets and various segments across different regions.
- Market Diversification: Extensive data on new products, untapped regions, recent developments, and investments.
This Free Report Sample Includes:
- An introduction to the Medical Cannabis Market research report.
- Graphical representation of regional analysis.
- Revenue analysis of top players in the Medical Cannabis Market.
- Selected illustrations of Medical Cannabis Market insights and trends.
- Example pages from the Medical Cannabis Market report.
Table of Contents: Medical Cannabis Market
- Medical Cannabis Market Overview
- Global Economic Impact on the Industry
- Global Market Competition by Manufacturers
- Global Production and Revenue by Region
- Global Supply, Consumption, Export, and Import by Regions
- Global Production, Revenue, and Price Trends by Type
- Global Market Analysis by Application
- Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy, and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Market Effect Factors Analysis
- Global Medical Cannabis Market Forecast
Why Should You Invest in the Medical Cannabis Business?
For those looking to enter the Medical Cannabis market, this report offers a comprehensive guide with clear insights into this niche sector. It covers major application areas and provides detailed information on key regions expected to experience growth, helping you strategize your market entry. For established players, it offers valuable insights into competitors' strategies for maintaining a competitive edge.
Comprehensive Statistical Data: The report includes statistical projections in terms of value (US$) and volume (units) through 2032.
Insight into Key Trends: Gain exclusive insights into key trends affecting the Medical Cannabis industry, including threats, opportunities, and disruptive technologies.
Tracking Market Leaders: Identify and monitor leading market players who will significantly influence the global Medical Cannabis market.
Robust Data Analysis: Based on primary and secondary resources, ensuring a well-rounded perspective.
Understanding Market Drivers: Comprehend the impact of key drivers and restraints on the Medical Cannabis business.
Why the Medical Cannabis Market Report is Beneficial:
- Thorough Research Methodology: Utilizes a comprehensive and adaptable research approach.
- Complete Competitive Scenario: Provides a full view of the competitive landscape in the Medical Cannabis market.
- Latest Developments: Offers extensive information on technological and product advancements.
- Impact Analysis: Includes analyses of the effects of these developments on future growth.
- Historical and Comprehensive Analysis: Combines historical data with detailed analysis in a single report.
- Easily Understandable Insights: Presented with graphical representations such as bar graphs, statistics, and pie charts.
Notable Report Offerings:
- Analysis of commercial characteristics and examples in the global Medical Cannabis market.
- Identification of standard terms and conditions for the Medical Cannabis industry.
- Forecasting growth rates and trends.
- General tendencies in supply and demand within the Medical Cannabis market.
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