The latest market intelligence report, titled ‘Global Medical Cannabis Market’, is intended to provide the target audience with the necessary information about the global Global Medical Cannabis industry. The report comprises a detailed analysis of the vital elements of the Global Medical Cannabis market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Global Medical Cannabis market dynamics that helps market analysts estimate the global market growth rate over the projected timeline.

Rise in geriatric population is also fuelling market growth as older people are more susceptible to illness and experience a high level of pain. Research and development activities, clinical trials, and commercialization of the product will also foster market growth. Medical cannabis growth is deterred by certain side-effect incurred by the patients, such as fatigue, dizziness, constipation, and a problem in speech. Moreover, the problem of undertaking medical cannabis and a lack of data safety will hinder the growth for medical cannabis.

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The global Global Medical Cannabis market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Global Medical Cannabis market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers acquisitions, new product launches, and joint ventures.

Key players in the market include Canopy Growth Corporation, Aphria, Inc., Aurora Cannabis, Maricann Group, Inc., Tilray, Cronos Group, Organigram Holdings, Inc., Vivo Cannabis, Tikun Olam, and Insys Therapeutics, Inc.

Emergen Research has segmented the global Medical Cannabis market on the basis of product type, application, and route of administration, distribution channel, and region:

Product Type Outlook (Revenue, USD Billion; 2018-2028)

• Oil
• Buds
• Tinctures

Application Outlook (Revenue, USD Billion; 2018-2028)

• Chronic Pain
• Mental Disorders
• Anorexia
• Seizures
• Muscle Spasm
• Cancer
• Others

Route of Administration Outlook (Revenue, USD Billion; 2018-2028)

• Oral
• Intravenous
• Inhalation
• Topical

Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)

• Dispensaries
• Online

Regional Outlook (Revenue, USD Billion; 2018–2028)

• North America
  1. S.
  2. Canada
  3. Mexico
• Europe
  1. Germany
  2. K.
  3. France
  4. Spain
  5. BENELUX
  6. Rest of Europe
• Asia Pacific
  1. China
  2. India
  3. Japan
  4. South Korea
  5. Rest of APAC
• Latin America
  1. Brazil
  2. Rest of LATAM
• Middle East Africa
  1. Saudi Arabia
  2. UAE
  3. Israel
  4. Rest Of MEA

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Key point summary of the report:

• Inhalation is a preferred medium of administration, as it offers controlled dosage and effective absorption of cannabinoids into the body. Inhalation segment accounted for largest revenue share in 2020. Inhalation is most effective and rapid way to induce measurable serum levels of cannabinoids.
• Oil segment is expected to register significant growth rate during the forecast period due to high demand for hemp oil among healthcare workers for clinical purposes. 
• Dispensaries segment accounted for a significant revenue share in 2020. Patients who are prescribed medical cannabis prefer to buy it from a legal source to abide by the regulations, which will propel the growth of dispensaries segment.

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