Medical cannabis extraction market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account grow at a CAGR of 16.20% in the above mentioned forecast period.
The key factors driving the medical cannabis extraction market is the high adoption of medical marijuana for the treatment of chronic diseases such as Alzheimer’s, arthritis and cancer along with mental disorders such as anxiety, depression and epilepsy. In addition, increasing legalization of medical cannabis in various countries that facilitates easy access to the patients is also contributing to rising in the global market. Also the legalization of marijuana in some countries has resulted in rising product purchases by legal means which is acting as the key factors affecting medical cannabis extraction market trends over the forecast period of 2021 to 2028. Additionally, progressively rising ageing population has also played an important role in driving the demand for medical cannabis extraction as geriatric patients are more probable to develop chronic illnesses and need more physician visits which is also exceedingly influencing the growth of the medical cannabis extraction market.
Some other major drivers expected to fuel the growth of this market are the increasing prevalence of cancer, mounting adoption of marijuana for medical and recreational purposes and growing disposable income amongst consumers. While, the risk associated with the product when consumed in large amount is expected to impede the growth of the medical cannabis extraction market in the above mentioned forecast period. Additionally, the rising clinical trials, R&D activities and commercialization of cannabis based indications are also lifting the growth of the medical cannabis extraction market.
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Market Analysis and Insights: Medical Cannabis Extraction Market:
The widespread usage of the product as an antidepressant across various healthcare and pharma sectors will further accelerate the expansion of the medical cannabis extraction market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028.
This medical cannabis extraction market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Medical Cannabis Extraction Market Scope and Market Size
Medical cannabis extraction market is segmented on the basis of species, product, extract type, technique, derivatives, route of administration and application. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
· Based on species, the medical cannabis extraction market is segmented into cannabis indica, sativa and hybrid.
· On the basis of product, the medical cannabis extraction market is segmented into oils and tincture.
· On the basis of extract type, the medical cannabis extraction market is segmented into full spectrum and isolates.
· Based on technique, the medical cannabis extraction market is segmented into medicinal cannabis alcohol extraction, carbon dioxide cannabis extraction, hydrocarbon extraction and solvent-free extractions.
· Based on derivatives, the medical cannabis extraction market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC) and others.
· On the basis of route of administration, the medical cannabis extraction market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others.
· The application segment of the medical cannabis extraction market is segmented into pharmaceutical industry, research and development centers and others.
Table of Contents: Global Medical Cannabis Extraction Market
2 Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Covid-19 Impact on Medical Cannabis Extraction in Healthcare Industry
7 Global Medical Cannabis Extraction Market, by Product Type
8 Global Medical Cannabis Extraction Market, by Modality
9 Global Medical Cannabis Extraction Market, by Type
10 Global Medical Cannabis Extraction Market, by Mode
11 Global Medical Cannabis Extraction Market, by End User
12 Global Medical Cannabis Extraction Market, by Geography
13 Global Medical Cannabis Extraction Market, Company Landscape
14 Swot Analysis
15 Company Profiles
16 Questionnaire
17 Related Reports
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