An international Medical Cannabis marketing report lends a hand to identify how the market is going to perform in the forecast years by providing information about market definition, classifications, applications, and engagements. A complete discussion about numerous market related topics in this market research report is sure to aid the client in studying the market on competitive landscape. This market report spans different segments of the market analysis that today’s business demand. The data and information collected with the research is generally quite a huge and is also in a complex form. However, such intricate market insights are turned into simpler version with the help of proven tools and techniques to provide it to the end users.
Data Bridge Market Research analyzes that the global medical cannabis market is expected to grow at a CAGR of 22.8% during the forecast period of 2023 to 2030.
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Market Overview
Cannabis is a psychoactive drug that is derived from the cannabis plant of the Cannabaceae family. For several years, it has been used medicinally and has a wide range of applications in the treatment of various diseases including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS, and Alzheimer’s among others.
The increased medicinal use of cannabis, the controlled legalization and use of cannabis in various industries, and the advanced methodologies present in the field are some of the factors expected to drive market growth.
Some of the major market players operating in this market are
- Tilray,
- Aurora Cannabis,
- JAZZ Pharmaceuticals Inc.
- (GW Pharmaceuticals plc),
- HEXO Corp.
- (Zenabis Global Ltd), Cresco Labs,
Market Scope
The global medical cannabis market is segmented into nine notable segments based on product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel. The growth amongst these segments will help you analyze market growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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