Global Medical Cannabis Market Opportunity Analysis and Industry Forecast, 2021-2030: Opportunities in the Emergence of Cannabis Legalization in Asia Pacific – ResearchAndMarkets.com

Global Medical Cannabis Market Opportunity Analysis and Industry Forecast, 2021-2030: Opportunities in the Emergence of Cannabis Legalization in Asia Pacific – ResearchAndMarkets.com
CANNANNEW REPORT

DUBLIN–(BUSINESS WIRE)–The “Medical Cannabis Market by Product Type, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to ResearchAndMarkets.com’s offering. The global medical cannabis market was valued at $6,822.21 million in 2020 and is projected to reach $53,883.46 million by 2030 registering a CAGR of 23.6% from 2021 to 2030. The key factors that drive growth of the medical cannabis market include legalization of cannabis across various regions and rise in awareness among consumers regarding health benefits of cannabis and its growing medical application such as treatment of wide range of diseases and symptoms. In addition, novel product development along with increased R&D activities boost growth of the medical cannabis market. However, complex regulatory structure for the usage of cannabis and social stigma related to cannabis use hamper growth of the market. In contrast, cannabis legalization in Asia-Pacific is expected to offer lucrative growth opportunities for players in the medical cannabis market. Market Dynamics Drivers Increase in legalization of cannabis across various regions Rise in awareness among consumers regarding health benefits of cannabis and its growing medical application Novel product development with increased R&D activities Restraints Complex regulatory structure for the usage of cannabis Social stigma related to cannabis use Opportunities Emergence of cannabis legalization in Asia Pacific Key Player Profiles Aurora marijuana Inc. Canopy Growth Corporation Cronos Group Inc. Maricann Group, Inc. Medical Marijuana, Inc. OrganiGram Holding Inc. Terra Tech Corp. Tikun Olam Ltd. Tilray, Inc. VIVO Cannabis Inc. Market Scope By Product Type Buds/Marijuana Flower Cannabis Extracts Oil Tinctures Others By Application Chronic Pain Mental Disorders Cancer Others By End-User Pharmaceutical Research & Development Centers By Region North America U.S. Canada Mexico Europe Germany Italy Denmark Poland UK Rest of Europe Asia-Pacific Thailand Australia New Zealand Rest of Asia-Pacific LAMEA Brazil South…

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Source : Global Medical Cannabis Market Opportunity Analysis and Industry Forecast, 2021-2030: Opportunities in the Emergence of Cannabis Legalization in Asia Pacific – ResearchAndMarkets.com

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