Medical Cannabis Market expected to grow strongly by 2028

The Medical Cannabis Market research report includes Market segmentation and overlays shadow upon the leading market players highlighting the favourable competitive landscape and trends prevailing over the years. This study provides information about the sales and revenue during the historic and forecasted period of 2021 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the Medical Cannabis market growth.

The market is expected to reach US$ 49,116.4 million by 2028 from US$ 8,926.6 million in 2020. It is estimated to grow at a CAGR of 23.9% from 2021 to 2028. The report highlights the trends prevalent in the market and the factors driving the market along with those that act as deterrents to its growth.

The report highlights trends prevailing in the market, and the factors driving and hindering the market growth. The growth of the Medical Cannabis market is attributed to the technological advancements in the Medical Cannabis and increasing prevalence of urinary incontinence. However, availability of alternatives for the treatment of urinary incontinence and high risk of urinary tract infection associated with the use of catheters are the major factor hindering the market growth.

Companies Profiled in this report includes: Aphria, Inc. ,Aurora Cannabis, Cannabis Science, Inc., Canopy Growth Corporation, Medical Marijuana, Inc., VIVO Cannabis Inc, Tikun Olam, Tilray, The Cronos Group, CANVORY.

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The report segments the global medical cannabis market as follows:

By Product Type

Topical Ointments
Beverages and Edibles
By Medical Application

Pain Management
Neurological Health Management
Mental Health Management
By Compound

Tetrahydrocannabinol (THC)-Dominant
Cannabidiol (CBD)-Dominant
Balanced THC and CBD
Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Medical Cannabis market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

Essential points covered in Global Medical Cannabis Market 2028 Research are:-

What will the market size and the growth rate be in 2028?
What are the key factors driving the global Medical Cannabis Market?
What are the key market trends impacting the growth of the global Medical Cannabis Market?
What are the challenges to market growth?
Who are the key vendors in the global Medical Cannabis Market?
What are the market opportunities and threats faced by the vendors in the global Medical Cannabis Market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global Medical Cannabis Market
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