Medicinal Cannabis Market Expected to Expand at a Steady 2022-2028 | BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation, Insys Therapeutics, Inc

Medicinal cannabis, also known as medical marijuana, is used either for the treatment of diseases or to improve their symptoms. The two cannabinoids – delta-9-tetrahydrocannabinol (THC) and Cannabidiol (CBD) are used in treatment of certain diseases or health conditions such as pain, blood pressure, memory, concentration, appetite, sensory stimulus, muscular problems, and seizures. According to World Health Organization Marijuana was the most widely used drug globally in 2021 with around 257 million users. Such factors have led to increasing initiatives among governments worldwide to conduct studies regarding legalization of the drug for medicinal use.

The research study offers a thorough investigation of this company as well as an excellent description of its industries. The report provides an overview of the current industry situation as well as market size in terms of volume and revenue. The study summarises key details such as the regional landscape of the industry and the companies that have established a significant market presence.

The global medicinal cannabis market is estimated at US$ 10,180.17 million in 2022 and is expected to witness a CAGR of 24.4% over the forecast period (2022 – 2028).

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Market Dynamics

On April 1, 2022, Dr. Reddy’s Laboratories Ltd., an India based multinational pharmaceutical company and MediCane Health Inc., an international pharmaceutical company based in Canada, announced the launch of its medical cannabis product in Germany. In this collaboration MediCane would supply the medical cannabis products to Dr. Reddy’s from its European Union –Good Manufacturing Company-certified facilities in Portugal along with providing logistical and regulatory support.

Key features of the study:

• This report provides in-depth analysis of the global medicinal cannabis market, market size (US$ Mn), and compound annual growth rate (CAGR (%)) for the forecast period: 2022 – 2030, considering 2021 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
• It profiles key players in the global medicinal cannabis market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies

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• The research report broadly enumerates the regional terrain of this industry. As per the study, Medicinal Cannabis Market regional landscape is bifurcated into ????? ??????? ,Europe, ???? ???????, ????? ???????, ?????? ????, ??????

• The study delivers substantial information pertaining to the market share that every region is estimated to hold, in tandem with the growth opportunities projected for each geography.

• The report depicts the growth rate in which every topography is estimated to register over the forecast time period.

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• The comprehensive market report is inclusive of a detailed summary of the competitive analysis of this industry. As per the document, companies along the likes of BOL Pharma, Tilray, Medreleaf Corporation, Aurora Cannabis, Inc., Canopy Growth Corporation, Insys Therapeutics, Inc., Aphria, Inc., MGC Pharmaceuticals Limited, GW Pharmaceuticals, plc., and Medical Marijuana Inc.. are encompassed in the competitive spectrum of the market.

• Data related production sites, market share, area served, and more have been covered in the report.

• The report elucidates data pertaining to the manufacturer’s product portfolio, product specifications, as well as numerous product applications.

• A brief outline of the firm in question, its profit margins and pricing models are explained in the report as well.

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Research Methodology

Coherent Market Insights comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model

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• The Medicinal Cannabis market report enumerates, in excruciating detail, the product landscape of this vertical.

• Details related to the market share of every product type segment, their profit estimations, and the data pertaining to the production growth has been enumerated in the report.

• The report covers an in-depth assessment of the application range of the Medicinal Cannabis Market.

• Details about the market share accumulated by each application, product demand from each application, as well as the growth rate that every application will register over the forecast timeframe have been revealed in the study.

• Other pointers such as the raw material processing rate as well as the market concentration rate are explained in the report.

• The report also presents a gist of the most recent pricing trends as well as the anticipated growth prospects for the industry, alongside information about the manufacturing cost structure and downstream customers.

Detailed Segmentation

• Global Medicinal Cannabis Market, By Point of Sale:
  • Dispensaries
  • Online Pharmacy
  • Hospital Pharmacy
• Global Medicinal Cannabis Market, By Active Ingredients:
  • Tetrahydrocannabinol (THC)
  • Cannabidiol (CBD)
• Global Medicinal Cannabis Market, By Therapeutic Application:
  • Pain
  • Arthritis
  • Neurological Disease
    • Epilepsy
    • Multiple Sclerosis
    • Other Neurological Applications
  • Other Applications

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•Production by Regions

•Revenue by Regions

• Consumption by Regions

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• Production by Type

• Revenue by Type

• Price by Type

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• Consumption by Application

• Consumption Market Share by Application

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• Production Sites and Area Served

• Product Introduction, Application, and Specification

• Production, Revenue, Ex-factory Price and Gross Margin

• Main Business and Markets Served

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