Bulletin
Investor Alert

London Markets Open in:

July 29, 2021, 12:02 a.m. EDT

Medical Cannabis Market 2021 | Global Industry Size, Share, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2030

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

or Cancel Already have a watchlist? Log In

Jul 29, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for Medical Cannabis Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Medical Cannabis Market products.

Download Sample of This Strategic Report:  https://www.kennethresearch.com/sample-request-10086139

Kenneth Research has recently added a report titled Medical Cannabis Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.

According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.

The Final Report will cover the impact analysis of COVID-19 on this industry:

Download Sample of This Strategic Report: 
https://www.kennethresearch.com/sample-request-10086139

According to Azoth Analytics research report "Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)", global market is projected to display a robust growth represented by a CAGR of 16.82% during 2019 - 2024.

Cannabis Indica has been witnessing growth at a noteworthy rate over the past few years as cannabis is being legalized in most of the nations with multi-application in various industries such as Food and Beverage, Paper, Textile, Healthcare, Skin and Beauty Products among others. Amongst the regions, North America accounts for the largest regional share in the global medical cannabis market in 2019. Key factors driving robust growth rate in North America region include escalating production of cannabis, with government legalizing cannabis in most of the states of US clubbed with presence of major global cannabis leaders in Canada, has been anticipated to infuse positive growth in the region during the forecast period.

The report titled "Global Medical Cannabis Market - Analysis By Product Type (Cannabis Indica, Cannabis Sativa, Others), By Application (Chronic Pain, Mental Disorders, Cancer, Others), By Consumption Pattern (Flowers, Concentrates, Edibles, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey)" has covered and analyzed the potential of Global Medical Cannabis market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global Medical Cannabis market. Additionally, the report also highlights market entry strategies for various companies across the globe. 

Scope of the Report

Global Medical Cannabis Market (Actual Period: 2014-2018, Forecast Period: 2019-2024
? Global Medical Cannabis Market - Size, Growth, Forecast
? By Production Type (Cannabis Indica, Cannabis Sativa, Others)
? By Application (Chronic Pain, Mental Disorders, Cancer, Others)
? By Consumption Patters (Flowers, Concentrates, Edibles, Others)

Regional Markets - North America, Europe, APAC and Rest of the World (actual period:2014-2018)(forecast period:2019-2024)
? Regional Medical Cannabis Market - Size, Growth, Forecast
? By Production Type (Cannabis Indica, Cannabis Sativa, Others)
? By Application (Chronic Pain, Mental Disorders, Cancer, Others)
? By Consumption Patters (Flowers, Concentrates, Edibles, Others)

Country Analysis - US, Canada, Germany, Italy, Czech Republic, Croatia, Thailand, Australia, Uruguay, Turkey (actual period:2014-2018)(forecast period:2019-2024)
? Medical Cannabis Market - Size and Growth
? By Production Type (Cannabis Indica, Cannabis Sativa, Others)
? By Application (Chronic Pain, Mental Disorders, Cancer, Others)
? By Consumption Patters (Flowers, Concentrates, Edibles, Others)

Download Sample of This Strategic Report: 
https://www.kennethresearch.com/sample-request-10086139

Other Report Highlights
? Market Dynamics - Drivers and Restraints
? Market Trends
? SWOT Analysis
? Competitive Landscape

? Company Analysis - Scotts Miracle-Gro Co, Canopy Growth Corp(Canada), GW Pharmaceuticals PLC, Aurora Cannabis Inc (Canada), Aphria Inc (Canada), MedReLeaf Corp, Medical Marijuana, INC, Insys Therapeutics Inc, CanniMed Therapeutics Inc, Cara Therapeutics Inc.

Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research. 

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

Contact Us

Kenneth Research

Email:   Sales@kennethresearch.com

Phone: +1 313 462 0609

The post Medical Cannabis Market 2021 | Global Industry Size, Share, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis 2030 appeared first on America News Hour .

COMTEX_390588810/2606/2021-07-29T00:01:52

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.