The latest research report by Emergen Research, named ‘Global Medical Cannabis Market - Forecast to 2027’, entails a comprehensive review of the global Medical Cannabis market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
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.
Get access to the full description of the report @ https://www.emergenresearch.com/industry-report/medical-cannabis-market
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.
Regional Overview:
- The global Medical Cannabis market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Medical Cannabis market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
Key Questions Answered in the Report:
- What is the growth rate of the Medical Cannabis market? What is the anticipated market valuation of Medical Cannabis industry by 2027?
- What are the key growth driving and restraining factors of the Medical Cannabis market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Medical Cannabis industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
To get a sample copy of the Global Medical Cannabis Market report, visit @https://www.emergenresearch.com/request-sample/174
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