Tag: Billion

3D Printing Revolutionizing the Orthopedic Splints and Casts Market with Tremendous Opportunities, the Market to Mark USD 3.34 Billion by 2027

CHICAGO, Jan. 18, 2023 /PRNewswire/ — According to Arizton’s latest research report, the global orthopedic splints and casts market will grow at a CAGR of 6{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2021-2027. Growing demand for 3D printed casts & splints, availability of a wider product portfolio of splints & casts by vendors, and introduction of spray-based form splints are significant growth opportunities in the orthopedic splints & casts market.

3D printing is an evolving technology that has a potential application in treating pediatric forearm fractures. The clinical outcomes were excellent at the latest follow-up, at least one-year post-injury. 3D-printed casts may allow for greater patient satisfaction and reduced complications in adult and pediatric patients as this technology becomes further integrated into medicine, specifically orthopedics. Orthopedic surgeons may benefit from familiarizing themselves with the potential of 3D printing technology and its current applications and devising future applications for clinical practice. Many emerging companies are developing 3D-printed splints & casts. For instance, ActiveArmour, a leading global company in 3D printed casting/splinting, designs a wholly individualized and fitted splint based on the physician’s specific positioning and instructions for each patient’s unique needs. Another company in the 3D printed splints & casts market, Fix It, designs 3D printed splints made from biodegradable plastic as an alternative to traditional casts. Thus, emerging 3D printed splints/casts products will accelerate the orthopedic splint & casts market.

GLOBAL ORTHOPEDIC SPLINTS AND CASTS MARKET REPORT SCOPE

Report Attributes	Details
Market Size (2027)	USD 3.34 Billion
Market Size (2021)	USD 2.34 Billion
CAGR (2021-2027)	6.06 {fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c}
Base Year	2021
Forecast Year	2022-2027
Market Segments	Product, Material, Body Part, End User, and Geography
Geographic Analysis	North America, Europe, APAC, Latin America, and Middle East & Africa
Key Leading Countries	China, India, Japan, South Korea, Australia, Germany, Italy, Spain, France, the UK, the US, Canada, Brazil, Mexico, Argentina, Turkey, South Africa, South Arabia, Egypt, and Nigeria
Key Prominent Players	Essity Medical Solutions, 3M, Enovis, Breg, DeRoyal Industries, Bauerfeind, ALCARE, Frank Stubbs Company, Weber Orthopedic LP. DBA Hely & Weber, medi, Carolina Narrow Fabric, Thuasne Group, Trulife, Tynor, Orthosys, DUK-IN, Performance Health, AliMed, Lohmann & Rauscher, Elite Orthopaedics, Allard USA, BraceAbility, VISSCO REHABILITATION, Bird & Cronin, Datt Mediproducts, and Prime Medical
Page Number	292
Market Dynamics	Increasing Target Patient Population Rising Adoption of Fiberglass Casts & Splints Paradigm Shift Towards Outpatient Orthopedic Care
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APAC TO OBSERVE FASTEST GROWTH IN THE ORTHOPEDIC SPLINTS AND CASTS MARKET

APAC is leading the orthopedic splints & casts market, contributing to increased MSDs incidence, a growing aging population, and related health conditions. APAC accommodates many regional and local orthopedic splints & cast manufacturers actively developing innovative orthopedic splints & casts at affordable costs. China, Japan, Australia, India, and South Korea are major countries contributing to the exponential growth of the market in this region.

APAC has become an appealing market for global players and expansionary private investments that can effectively support innovation while driving consumption and capitalizing on demographic and emerging consumer trends. Overall, the rapidly growing life expectancy, economic growth, and more effective treatment procedures offer long-term growth opportunities for the APAC orthopedic splints & casts market.

Moreover, introducing innovative concepts around orthopedic medicine in the orthopedic splints and casts market can be a game changer because of several benefits over conventional orthopedic splints and casts. The emergence of the spray-based form splint is offering leading players and start-ups the opportunity to develop orthopedic splints & casts with the help of polyurethane spray.

RECENT DEVELOPMENTS IN THE GLOBAL ORTHOPEDIC SPLINTS AND CASTS MARKET

In early 2019, Enovis (formulary known as Colfax) completed the acquisition of DJO for around USD 3.15 billion. With this acquisition, Colfax aimed to create a new platform for itself in the orthopedic market, as DJO was one of the leading companies in braces and support devices.
Breg, a leading orthopedic and billing services company, partnered with its UK distributor, Joint Operations, to expand the supply of high-quality orthopedic products to the UK/Ireland market in July 2020.

COMPETITIVE OVERVIEW

The orthopedic splints & casts market is pursuing various strategies to provide the impetus for growth over the next few years. These market participants adopt cooperation, partnerships, mergers & acquisitions, and product launches. Due to these strategies, the orthopedic splints & casts market has the potential to have significant growth opportunities. For instance, Breg partnered with the Australian distributor Club Warehouse to expand its supply of high-quality orthopedic products to the Australian market.

KEY COMPANY PROFILES

MARKET SEGMENTATION

Product

Material

Body Part

End User

Geography

APAC
Europe
North America
Latin America
Middle East & Africa

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TABLE OF CONTENT

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 MARKET OVERVIEW

7.1.1 MARKET DYNAMICS

7.1.2 MARKET SEGMENTATION

7.1.3 VENDOR ANALYSIS

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 MUSCULOSKELETAL DISORDERS STATISTICS

9 MARKET OPPORTUNITIES & TRENDS

9.1 GROWING DEMAND FOR 3D-PRINTED CASTS & SPLINTS

9.2 AVAILABILITY OF WIDER PRODUCT PORTFOLIO OF SPLINTS & CASTS BY VENDOR

9.3 INTRODUCTION OF SPRAY-BASED FORM SPLINTS

10 MARKET GROWTH ENABLERS

10.1 INCREASING TARGET PATIENT POPULATION

10.2 RISING ADOPTION OF FIBERGLASS CASTS & SPLINTS

10.3 PARADIGM SHIFT TOWARD OUTPATIENT ORTHOPEDIC CARE

11 MARKET RESTRAINTS

11.1 COMPLICATIONS ASSOCIATED WITH THE USE OF SPLINTS AND CASTS

11.2ALTERNATIVE TREATMENT OPTIONS FOR ORTHOPEDIC DISORDERS & CONDITIONS

11.3 LACK OF PRODUCT DIFFERENTIATION COUPLED WITH PRICING PRESSURE

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.2.1 INSIGHT BY PRODUCT SEGMENTATION

12.2.2 INSIGHT BY MATERIAL SEGMENTATION

12.2.3 INSIGHT BY BODY PART SEGMENTATION

12.2.4 INSIGHT BY END-USERS SEGMENTATION

12.2.5 INSIGHT BY GEOGRAPHY SEGMENTATION

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 PRODUCT

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 CASTS

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET BY GEOGRAPHY

13.4 SPLINT

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

14 MATERIALS

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 SYNTHETIC SPLINTS & CASTS

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 PLASTER OF PARIS SPLINTS & CASTS

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

15 BODY PART

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 UPPER BODY

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 LOWER BODY

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

16 END-USER

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.3 ORTHOTIC & ORTHOPEDIC CLINICS

16.3.1 MARKET OVERVIEW

16.3.2 MARKET SIZE & FORECAST

16.3.3 MARKET BY GEOGRAPHY

16.4 HOSPITAL

16.4.1 MARKET OVERVIEW

16.4.2 MARKET SIZE & FORECAST

16.4.3 MARKET BY GEOGRAPHY

16.5 OTHERS

16.5.1 MARKET OVERVIEW

16.5.2 MARKET SIZE & FORECAST

16.5.3 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 GEOGRAPHIC OVERVIEW

18 APAC

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.3 APAC: PRODUCT SEGMENTATION

18.4 APAC: MATERIAL SEGMENTATION

18.5 APAC: BODY PART SEGMENTATION

18.6 APAC: END USER SEGMENTATION

18.7 KEY COUNTRIES

18.7.1 CHINA: MARKET SIZE & FORECAST

18.7.2 INDIA: MARKET SIZE & FORECAST

18.7.3 JAPAN: MARKET SIZE & FORECAST

18.7.4 SOUTH KOREA: MARKET SIZE & FORECAST

18.7.5 AUSTRALIA: MARKET SIZE & FORECAST

19 EUROPE

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.3 EUROPE: PRODUCT SEGMENTATION

19.4 EUROPE: MATERIAL SEGMENTATION

19.5 EUROPE: BODY PART SEGMENTATION

19.6 EUROPE: END-USER SEGMENTATION

19.7 KEY COUNTRIES

19.7.1 GERMANY: MARKET SIZE & FORECAST

19.7.2 FRANCE: MARKET SIZE & FORECAST

19.7.3 THE UK: MARKET SIZE & FORECAST

19.7.4 ITALY: MARKET SIZE & FORECAST

19.7.5 SPAIN: MARKET SIZE & FORECAST

20 NORTH AMERICA

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.3 NORTH AMERICA: PRODUCT SEGMENTATION

20.4 NORTH AMERICA: MATERIAL SEGMENTATION

20.5 NORTH AMERICA: BODY PART SEGMENTATION

20.6 NORTH AMERICA: END-USER SEGMENTATION

20.7 KEY COUNTRIES

20.7.1 US: MARKET SIZE & FORECAST

20.7.2 CANADA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.3 LATIN AMERICA: PRODUCT SEGMENTATION

21.4 LATIN AMERICA: MATERIAL SEGMENTATION

21.5 LATIN AMERICA: BODY PART SEGMENTATION

21.6 LATIN AMERICA: END-USER SEGMENTATION

21.7 KEY COUNTRIES

21.7.1 BRAZIL: MARKET SIZE & FORECAST

21.7.2 MEXICO: MARKET SIZE & FORECAST

21.7.3 ARGENTINA: MARKET SIZE & FORECASTS

22 MIDDLE EAST & AFRICA

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.3 MIDDLE EAST & AFRICA: PRODUCT SEGMENTATION

22.4 MIDDLE EAST & AFRICA: MATERIAL SEGMENTATION

22.5 MIDDLE EAST & AFRICA: BODY PART SEGMENTATION

22.6 MIDDLE EAST & AFRICA: END-USER SEGMENTATION

22.7 KEY COUNTRIES

22.7.1 TURKEY: MARKET SIZE & FORECAST

22.7.2 SOUTH AFRICA: MARKET SIZE & FORECAST

22.7.3 SAUDI ARABIA: MARKET SIZE & FORECAST

22.7.4 EGYPT: MARKET SIZE & FORECAST

22.7.5 NIGERIA: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW

23.2 MARKET SHARE ANALYSIS

24 KEY COMPANY PROFILES

24.1 ESSITY MEDICAL SOLUTIONS

24.1.1 BUSINESS OVERVIEW

24.1.2 ESSITY MEDICAL SOLUTIONS IN ORTHOPEDIC SPLINTS & CASTS MARKET

24.1.3 PRODUCT OFFERINGS

24.1.4 KEY STRATEGIES

24.1.5 KEY STRENGTHS

24.1.6 KEY OPPORTUNITIES

24.2 3M

24.3 ENVOIS

24.4 BREG

24.5 DEROYAL INDUSTRIES

24.6 BAUERFEIND

25 OTHER PROMINENT VENDORS

25.1 ALCARE

25.1.1 BUSINESS OVERVIEW

25.1.2 PRODUCT OFFERINGS

25.2 FRANK STUBBS COMPANY

25.3 WEBER ORTHOPEDIC LP. DBA HELY & WEBER

25.4 MEDI

25.5 CAROLINA NARROW FABRIC

25.6 THUASNE GROUP

25.7 TRULIFE

25.8 TYNOR

25.9 ORTHOSYS

25.10 DUK-IN

25.11 PERFORMANCE HEALTH

25.12 ALIMED

25.13 LOHMANN & RAUSCHER

25.14 ELITE ORTHOPAEDICS

25.15 ALLARD USA

25.16 BRACEABILITY

25.17 VISSCO REHABILITATION AIDS

25.18 BIRD & CRONIN

25.19 DATT MEDIPRODUCTS

25.20 PRIME MEDICAL

26 REPORT SUMMARY

26.1 KEY TAKEAWAYS

26.2 STRATEGIC RECOMMENDATIONS

27 QUANTITATIVE SUMMARY

27.1 MARKET BY PRODUCT

27.1.1 APAC: PRODUCT SEGMENTATION

27.1.2 EUROPE: PRODUCT SEGMENTATION

27.1.3 NORTH AMERICA: PRODUCT SEGMENTATION

27.1.4 LATIN AMERICA: PRODUCT SEGMENTATION

27.1.5 MIDDLE EAST & AFRICA: PRODUCT SEGMENTATION

27.2 MARKET BY MATERIAL

27.2.1 APAC: MATERIAL SEGMENTATION

27.2.2 EUROPE: MATERIAL SEGMENTATION

27.2.3 NORTH AMERICA: MATERIAL SEGMENTATION

27.2.4 LATIN AMERICA: MATERIAL SEGMENTATION

27.2.5 MIDDLE EAST & AFRICA: MATERIAL SEGMENTATION

27.3 MARKET BY BODY PART

27.3.1 APAC: BODY PART SEGMENTATION

27.3.2 EUROPE: BODY PART SEGMENTATION

27.3.3 NORTH AMERICA: BODY PART SEGMENTATION

27.3.4 LATIN AMERICA: BODY PART SEGMENTATION

27.3.5 MIDDLE EAST & AFRICA: BODY PART SEGMENTATION

27.4 MARKET BY END-USERS

27.4.1 APAC: END USER SEGMENTATION

27.4.2 EUROPE: END USER SEGMENTATION

27.4.3 NORTH AMERICA: END USER SEGMENTATION

27.4.4 LATIN AMERICA: END USER SEGMENTATION

27.4.5 MIDDLE EAST & AFRICA: END USER SEGMENTATION

27.5 GEOGRAPHY SEGMENTATION

27.5.1 CASTS: GEOGRAPHY SEGMENTATION

27.5.2 SPLINTS: GEOGRAPHY SEGMENTATION

27.5.3 SYNTHETIC SPLINTS & CASTS: GEOGRAPHY SEGMENTATION

27.5.4 PLASTER OF PARIS SPLINTS & CASTS: GEOGRAPHY SEGMENTATION

27.5.5 UPPER BODY: GEOGRAPHY SEGMENTATION

27.5.6 LOWER BODY: GEOGRAPHY SEGMENTATION

27.5.7 ORTHOTIC & ORTHOPEDIC CLINICS: GEOGRAPHY SEGMENTATION

27.5.8 HOSPITALS: GEOGRAPHY SEGMENTATION

27.5.9 OTHERS: GEOGRAPHY SEGMENTATION

28 APPENDIX

28.1 ABBREVIATIONS

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January 19, 2023

India Medical Tourism Markets Report 2022: A $35.12 Billion Market by 2027
Company Logo

Indian Medical Tourism Market

Indian Medical Tourism Market

Dublin, Nov. 21, 2022 (GLOBE NEWSWIRE) — The “India Medical Tourism Market, Share, Forecast, Industry Trends, Size, Growth, Outlooks, Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

India Medical Tourism Market is expected to generate US$ 35.12 Billion in 2027 from US$ 5.63 Billion in 2021, on account of international medical tourist arrivals in 2027

India also has a long and illustrious medical history dating back to the Vedic era. One of the oldest medical systems, Ayurveda, dates back to 8000 BCE. Since independence, India’s advancement in modern medicine has accelerated; it has built a unique environment for holistic health that incorporates the finest of contemporary healthcare, alternative medicine, and wellness.

As a result, India is considered one of the best locations for Medical Tourism due to the synergy of this unique holistic health and wellness ecosystem and its various possibilities.

India Medical Tourism Market is expected to expand at a CAGR of 35.68{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2021-2027

The primary goal of Indian medical infrastructure is to market India as a high-quality healthcare destination for people worldwide, allowing them to make use of the country’s healthcare knowledge and facilities.

Furthermore, India offers international-standard medical and health services relatively reasonably. Ayurveda Centres are becoming a standard feature in most hotels and resorts. The majority of foreign visitors now come to India only for Ayurveda treatments. Ayurveda has been included in top tour operators’ brochures promoting health tourism worldwide.

By Country, India Medical Tourism – Market and Arrivals

The southern states of India, particularly Kerala, have developed Health Tourism as one of the products for promoting tourism in Kerala. Health tourism has also been announced as one of the state’s differentiators.

The report found that India receives medical tourists from critical countries such as Bangladesh, Iraq, Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, and Nigeria. Furthermore, we believe that India has a significant opportunity to recognize and aggressively pursue medical tourists from other world regions, including Europe and the Americas.

India Medical Tourism Market during the COVID and post-COVID world

Over the years, the global population, which desperately needs adequate health and wellness solutions, has made medical tourism in India a priority sector with sizable revenue prospects. The COVID-19 pandemic suspended the market’s escalating popularity and growing demand for medical tourism.

Demand for healthy living, preventive medicine, nutrition, and immunity-building visits are expected to rise in the coming years. As a result, healthcare and wellness services are likely to increase in the post-COVID world as more people seek out avenues of quality medical care and holistic health.

Key Advantages of India for Medical Tourism Market are as follows
- The world-class doctors and hospitals.
- The cost of the treatment is a fraction of the price in the source markets.
- There is no waiting period for various medical processes.
- Increasing popularity of India as a medical tourist destination in the African, Middle East & Asian countries.
- Eastern Healthcare Wisdom along with the expertise of Western Medicine.
Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. India Medical Tourism Market

6. India Medical Tourist Arrivals

7. India Medical Tourism Share Analysis
7.1 By Country Market Share
7.2 By Region Market Share

8. Medical Tourist Arrivals by Country, 2017-2020
8.1 France
8.2 Germany
8.3 Italy
8.4 Netherlands
8.5 Norway
8.6 Sweden
8.7 Switzerland
8.8 Kazakhstan
8.9 Russian Federation
8.10 Ukraine
8.11 Egypt
8.12 South Africa
8.13 Bahrain
8.14 Oman
8.15 Turkey
8.16 United Arab Emirates
8.17 Afghanistan
8.18 Iran
8.19 Pakistan
8.20 Indonesia
8.21 Malaysia
8.22 Philippines
8.23 Singapore
8.24 Australia
8.25 New Zealand

9. North America – Country Wise Medical Tourist Arrivals, Market
9.1 Canada
9.2 United States

10. Western Europe – Country Wise Medical Tourist Arrivals, Market
10.1 United Kingdom

11. Eastern Europe – Medical Tourist Arrivals, Market
11.1 Arrivals
11.2 Market

12. Africa – Country Wise Medical Tourist Arrivals, Market
12.1 Kenya
12.2 Mauritius
12.3 Nigeria
12.4 Sudan
12.5 Tanzania

13. West Asia – Country Wise Medical Tourist Arrivals, Market
13.1 Iraq
13.2 Saudi Arabia
13.3 Yemen

14. South Asia
14.1 Bangladesh
14.2 Maldives
14.3 Nepal
14.4 Sri Lanka

15. South East Asia – Country Wise Medical Tourist Arrivals, Market
15.1 Myanmar

16. Australasia – Medical Tourist Arrivals, Market
16.1 Arrivals
16.2 Market

17. Others – Medical Tourist Arrivals, Market
17.1 Arrivals
17.2 Market

For more information about this report visit https://www.researchandmarkets.com/r/rx0vh

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November 23, 2022
Booming Medical Cannabis Market Worth USD 52.8 Billion to
Wilmington, Delaware, United States, Oct. 24, 2022 (Globe NEWSWIRE) — Transparency Current market Investigate Inc. – An in-depth health-related cannabis market place report by TMR analysts identified that the potential clients have expanded on the back of favorable legislations and societal acceptance of cannabinoids (CBD) for use in professional medical applications. A spate of scientific analysis has helped increase awareness of the usefulness of medical cannabis in the cure of various neurological conditions and agony management. Healthcare hashish sector is projected to extend at a CAGR of 27{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} through the forecast period of time of 2019 – 2027.

Organizations are leaning on commercializing CBD products in areas exactly where they have been authorised in a bid to raise the health care cannabis current market share. Of be aware, CBD products and solutions have revealed guarantee in the management of psychological health situations these types of as stress and depression.

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Additionally, the world assessment of health-related hashish marketplace observed that pharmaceutical companies are keenly discovering and screening the possible of cannabis extracts for clients with issues of body weight decline from HIV/AIDS and epilepsy. To this close, they are carefully exploring pharmacodynamics and pharmacokinetics of CBD in several sclerosis and Parkinson disorder. Attempts toward understanding the contraindications for cannabinoids and connection among cannabinoids and human physiology will likely raise medical hashish marketplace measurement.

Key Conclusions of Professional medical Hashish Market place Analyze
- Legalization of Use of Medical Apps of Cannabis and Extracts Steering Sector Expansion: Legalization of therapeutic software of healthcare cannabis and its extracts are propelling financially rewarding demand for the solutions, uncovered the review authors. This has led to a spate of clinical study on knowing the professional medical and therapeutic gains of biologically active compounds particularly cannabinoids. On the other hand, evolving regulatory frameworks have spurred R&D in the healthcare hashish sector pertaining to hemp genetics cultivation.
- Producers & Sellers Gain from Products Approvals in Essential Areas: Product or service approvals of CBD items have benefitted producers and sellers. They are geared toward strengthening their offer chain, which will stridently enrich the value chain of clinical hashish market.
- Pharmaceutical Firms Lean on Checking out New Therapeutical Purposes: Increased availability of OTC professional medical cannabinoids has also boosted the prospective customers. Pharma providers are keenly growing their study paying on knowing the system of action of CBD, which will open up up new growth frontiers in the healthcare cannabis sector.
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Healthcare Cannabis Market: Important Motorists
- Expanding body of clinical reports on psychotropic and physiological effects of CBD and other cannabinoids are driving the potential customers of the health-related cannabis market place.
- Societal acceptance of hashish and its extracts, coupled with the climbing consciousness of the therapeutic added benefits they assure, is a key driver of clinical cannabis market place. Developments built in hemp genetics cultivation has paved the way for superior good quality produce, and will develop the avenue in the coming many years.
- Stress of joint & muscle agony around the world is also a vital underpinning for ongoing R&D in the clinical cannabis current market.
Health-related Cannabis Sector: Regional Progress Dynamics

Europe and the North The us have been remarkably promising marketplaces. Favorable legalization, ongoing endeavours towards decriminalization, and sector efforts towards checking out the medicinal use of cannabis are vital underpinnings for the steady evolution of these clinical hashish markets. Of take note, the analyze observed that the North The united states healthcare cannabis marketplace is bolstered by a amount of regulatory approvals of clinical cannabis goods. Approvals of CBD hemp oil by the U.S. Food and drug administration is a situation in level.

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Healthcare Hashish Market: Critical Players

Some of the prominent current market players are The Cronos Team, Medical Marijuana, Inc., Tilray, GW Pharmaceuticals plc., Hashish Sativa, Inc., Cover Development Corporation, Aurora Cannabis, and United Cannabis.

Professional medical Hashish Market: Segmentation

Derivative
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
- Many others
Software
- Psychological Overall health Management
- Neurological Problems Administration
  
  Epilepsy
  
  Alzheimer’s Condition
  
  Parkinson’s Disorder
  
  Other people
- Ache Management
  
  Neuropathic Discomfort
  
  Cancer Soreness
  
  Others
Route of Administration

Distribution Channel
- Healthcare facility Pharmacies
- Retail Pharmacies
- On the net Pharmacies
Area
- North America
- Europe
- Latin The united states
- Rest of the Planet
Modernization of healthcare in conditions of each infrastructure and products and services have pushed the healthcare business to new heights, Continue to be Current with Most up-to-date Healthcare Exploration Reviews by Transparency Current market Investigate:

Peptide Therapeutics Industry: The international peptide therapeutics market is expected to achieve extra than US$ 91.25 Bn by 2031 at a CAGR of 8.8{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Pain Administration Therapeutics Market place: The worldwide ache management therapeutics marketplace is expected to reach additional than US$ 98. Bn by the stop of 2031 at a CAGR of 2.9{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Homeopathic Products Industry: The world homeopathic products and solutions sector is predicted to access more than US$ 32.4 Bn by the close of 2031 at a CAGR of 11.6{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Ophthalmic Medication Sector: The ophthalmic prescription drugs market place is predicted to get to US$ 50.2 Bn by the close of 2031 at a CAGR of 6.83{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Pharmaceutical Deal Income Outsourcing [CSO] Marketplace: The pharmaceutical deal sales outsourcing (CSO) market in North The usa is expected to attain much more than US$ 5.2 Bn by the conclude of 2031 at a CAGR of 7.4{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Electronic Overall health Data [EHR] Market: The world wide electronic well being data (EHR) sector is predicted to access much more than US$ 50.3 Bn by the end of 2031 at a CAGR of 5.{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Oral Rehydration Solution [ORS] Industry: The world wide oral rehydration answer (ORS) industry is expected to attain a lot more than US$ 6.71 Bn by 2031 at a CAGR of 9.9{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2022 to 2031.

Medical Waste Management Market: The international health-related waste administration market place is predicted to get to the price of US$ 25.2 Bn by the conclude of 2028 at a CAGR of 6.2{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2021 to 2028.

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October 25, 2022
CBD Sales Projected to Hit $11 Billion by 2027
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Cannabidiol profits carry on to raise as the medication gains in popularity. Blessed Undertaking/Getty Photos

A information study organization says gross sales of cannabidiol (CBD) could achieve as high as $11 billion by 2027.

Specialists say the medication’s reputation has continued to increase due to the fact the passage of the 2018 Farm Invoice.

Investigate has indicated that CBD can likely be helpful to alleviate signs of conditions this sort of as stress and anxiety, addiction, and post-traumatic tension ailment.

Industry experts caution customers, however, to be cautious of some promoting claims about CBD.

Cannabidiol is formally a phenomenon.

Income of cannabidiol (CBD) products could climb as substantial as $11 billion by 2027, up from the currently heady 2022 projection of $5 billion in retail profits, according to the Brightfield Group, a facts investigation business with ties to the hashish field.

Individuals projections are partially dependent on irrespective of whether the Foodstuff and Drug Administration (Fda) implements regulatory reform. Nevertheless, even devoid of this sort of reforms, the marketplace is still predicted to expand to far more than $6 billion by 2027.

That is a swift increase for the cannabis-derived compound given that the passage of the 2018 Farm Bill, which removed hemp from the definition of cannabis in the Controlled Substances Act. Hemp is outlined as hashish (Hashish sativa L.) and derivatives of hashish with minimal concentrations of the psychoactive compound delta-9-tetrahydrocannabinol (THC).

“I consider CBD grew to become so popular mainly because it was the to start with non-intoxicating cannabinoid that turned federally lawful and extensively obtainable,” explained Dr. Jeff Chen, the founder of the College of California Los Angeles Hashish Research Initiative and a professional medical advisory board member at Healthline.

“Cannabinoids are compounds that only come about in the plant kingdom in the cannabis plant and they interact with the human endocannabinoid process. THC is the principal intoxicating cannabinoid in cannabis and is continue to federally unlawful,” he explained to Healthline. “Cannabis/THC has been a mainstream matter in the U.S. for a lot of several years, but customers may well not use it for the reason that of the intoxicating impact, or office drug testing of THC, or inability to obtain lawfully in their state.”

Although quite a few states have due to the fact legalized the health-related or leisure use of hashish products, CBD products are ever more marketed in states even where by cannabis use is unlawful.

CBD items appear in tinctures, salves, products, gummies, and oils and usually promise all the positive aspects of professional medical hashish devoid of the intoxicating outcomes or possible authorized troubles.

But when CBD has become well-liked, the really hard science on its authentic therapeutic benefits is continue to emerging.

“The first attractiveness has been largely driven by media and advertising and marketing hoopla and anecdotal accounts of its added benefits – not demonstrated science,” Dr. Mark H. Ratner, the chief science officer at dietary science company Theralogix, told Healthline. “There are several studies underway to examine its efficacy in several healthcare circumstances and the very best practices for attaining that efficacy. As individuals scientific tests are released – and assuming the info is supportive – the effects will be claimed by the media and the desire of customers really should proceed to expand.”
So considerably, the only Fda-authorized CBD products is Epidiolex. It’s used in the treatment of epilepsy in small children, which has spurred more reports into the achievable neuroprotective outcomes of CBD oil.

But that application was a watershed minute for several researchers.

“Many folks – myself bundled – have been pretty inspired looking at how small children with intense sorts of epilepsy benefitted from CBD, specially considering that the regular pharma product experienced failed them,” Chen explained.

Preliminary exploration has also located that CBD may perhaps be valuable for the alleviation of signs or symptoms associated with stress conditions, addiction, psychosis, and put up-traumatic stress condition, amid other people.

In the meantime, other studies have shown promising final results for employing CBD to ease indications of agony and swelling. These scientific tests have not as but included human contributors.

In addition, CBD seems to be effectively a safe health supplement.

“There have been human reports screening CBD up to 1,000 mg daily, which has been identified to be usually nicely-tolerated and safe and sound. Widespread side outcomes of CBD include gastrointestinal upset and lethargy,” Chen explained.

“However, specific kinds of people have to have to be cautious about CBD,” he continued. “Those who are taking prescriptions with a grapefruit warning, such as particular blood thinners and anti-seizure medications, need to avoid CBD given that grapefruit and CBD interact similarly with drugs.”

Whilst CBD is unlikely to damage most consumers, professionals warn that individuals should be careful about some manufacturers’ extra outlandish promises.

“Some of the extra zealous – but a lot less accountable – CBD marketers have produced claims for reward in a wide assortment of really serious health care problems, e.g., autism, cancer, diabetic issues, Alzheimer’s, stroke, et cetera,” Ratner instructed Healthline. “Aside from the gain in seizure conditions, there are no studies to support most of those statements of benefit in major health care conditions.”

Daniele Piomelli, Ph.D., the director of the Center for the Study of Cannabis at the College of California Irvine, agreed.

“Most claims, regretably, are pushed by marketing relatively than details,” he told Healthline. “Some are even funny, like professing that CBD-infused pillows give you a fantastic night of sleep or that a CBD latte relieves worry.”

Chen experienced a far more optimistic outlook.

“As we study CBD much more, we’ll improved recognize the ailments CBD can really gain and the ideal dosages required,” he explained.
July 23, 2022
Global Cannabis Market to Reach $197.75 billion Thanks to Increasing Legalization and Growing Use for Recreational Applications
SkyQuest Technological know-how Consulting Pvt. Ltd.

World-wide hashish current market is valued at USD 28.06 billion in 2021 and is projected to attain a sector sizing of 197.75 billion by 2028 at a CAGR of 32.04{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} through the forecast time period, 2022–2028.

Westford, United states of america, July 19, 2022 (World NEWSWIRE) — Hashish has been utilised for centuries for its medicinal and psychoactive attributes. The active component in cannabis is THC, which is dependable for the plant’s thoughts-altering outcomes. In recent several years, there has been a growing demand from customers for and acceptance of hashish around the globe. In the United States cannabis marketplace, cannabis was legalized for medicinal use in some states starting off in 1996. Because then, a lot more and much more states have legalized health-related and/or recreational cannabis use. As of 2018, 29 states additionally Washington D.C. have legalized health care hashish, although 9 states plus Washington D.C. have legalized recreational cannabis use. This pattern is envisioned to proceed as community feeling shifts in favor of legalization.

Internationally, Canada turned the second nation following Uruguay to totally legalize marijuana when it passed the Hashish Act in 2018.

Recreational Use to Keep on Major Cannabis Market place

There is no denying that a lot of men and women employ hashish for leisure functions – to unwind, unwind, and experience the results of this merchandise as it has been negated. It does have some wellbeing benefits general as properly. The recreational hashish industry continues to be the leading segment of the cannabis marketplace, with states like California and Colorado foremost the charge. This development is mainly due to the legalization of recreational hashish in a lot of countries, as properly as an rising acceptance of hashish for medicinal use. In reality, in accordance to SkyQuest Technologies, 4 out of 10 grown ups in the United States consider that cannabis can assist address a wide range of medical conditions. This increased acceptance has led to a rise in need for CBD goods and products and solutions that include THC.

Whilst this cannabis sector advancement is remarkable, it’s not with out its difficulties. For case in point, there are nonetheless a whole lot of people today who are unfamiliar with the rewards of cannabis and its makes use of. This has made a lack of cultivators and manufacturers who can deliver high-high-quality goods. Also, there are nevertheless a ton of limits on how and in which recreational marijuana can be used, which is hampering its widespread adoption.

However, the recreational cannabis market place is forecast to continue on rising at a quick pace many thanks to its several medicinal gains.

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Enterprise Growth and Tendencies in Cannabis Market place

The hashish business is booming and there are lots of organization chances for new entrepreneurs and present gamers. Listed here are some of the most crucial tendencies and developments in the hashish industry:

Firms are starting off to take observe of the probable in the cannabis sector. Quite a few are investing in hemp-centered products and solutions, as well as CBD goods. The international industry is witnessing rising quantity of corporations in the hashish field, they are majorly termed cannabusinesses. Cannabusinesses concentrate on CBD merchandise and solutions. CBD has a wide vary of prospective makes use of, such as medical treatment options and leisure purposes. As cannabusinesses carry on to arise, they are likely to engage in an increasingly essential function in the cannabis market.

Environment is Obtaining Constructive In direction of Hashish Market

The cannabis marketplace is booming, and there are several strategies it really is impacting the globe these days. With community support for hashish legalization at an all-time large, so is the industry’s fortunes. From CBD oil to subscription weed alternatives and a commodity income bonanza, cannabis is going ever extra quickly into the mainstream. But just as quickly as this new sector spreads its roots amongst the masses it’s hitting a crossroads of sorts. Here is a recap of some recent information in the cannabis business:
- Canada legalized recreational marijuana use in 2018, sparking celebrations and worries about how this will influence the global cannabis industry.
- The US Foods and Drug Administration has accepted GW Pharmaceuticals’ Epidiolex, a drug derived from CBD (Cannabidiol) to address two uncommon sorts of childhood-onset epilepsy. This could sign a new period of hashish-centered therapies.
- US states are legalizing marijuana at a rapid pace, with extra than 50 {fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} of Us residents now living in a condition where by some kind of hashish is legal. This has led to an enhance in demand from customers for goods like CBD oil, which is non-psychoactive and can be made use of to treat different disorders without having large.
- A monthly bill to legalize health care cannabis in New York was passed in December 2021 by the state’s legislature. This could set a precedent for other states on the lookout to legalize medical marijuana, and could lead to greater obtain to CBD products for individuals suffering from a assortment of disorders and have a outstanding impression on the hashish marketplace.
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Legalization of Cannabis has Sparked well being worries in Thailand, Germany

Thailand is a person of the numerous nations that has grappled with how to address the legalization of hashish. In March 2021, the Thai governing administration announced that it would legalize and regulate the cultivation, sale, and use of hashish for healthcare applications. Nonetheless, this announcement has sparked a selection of overall health worries in Thailand, as there is nevertheless little data about the outcomes of cannabis on the human system. For case in point, the Thai Ministry of Community Wellness has not introduced any scientific experiments that examine the probable wellness hazards connected with hashish use.

Germany is an additional state in the world wide cannabis marketplace that is grappling with how to handle the legalization of hashish. In January, Germany turned the first country in Europe to legalize cannabis for leisure use. However, this choice has generated a quantity of overall health concerns in Germany, as there is even now tiny details about the outcomes of cannabis on the human system. For example, there are no scientific scientific tests that look into the opportunity health risks connected with hashish use. In point, numerous German officers imagine that there are no safe and sound stages of THC intake. As a outcome, quite a few Germans are fearful about the prolonged-time period health consequences of making use of cannabis.

Funding and Revenue Development Prospects in Hashish Sector

When it will come to the upcoming of cannabis, there are a good deal of alternatives to be tapped into. From funding and income expansion to the prospective for new item improvements, the future looks bright for this budding marketplace!

A single key place of advancement for hashish market is economical institutions. In the latest decades, banking institutions and other financial establishments have proven an escalating fascination in cannabinoid-primarily based organizations. This is in component because of to the fact that hashish businesses are normally compliant with banking laws. This has opened up a great deal of probable funding and revenue growth avenues for cannabis businesses.

Yet another region wherever hashish is building big waves is the clinical subject. At the moment, there are a number of clinical cannabis corporations that are hunting to increase money through Original Public Offerings (IPOs). This is an option for these corporations to get access to a good deal of cash, which could support them develop their operations and achieve a broader audience.

Overall, there are a good deal of options out there for hashish firms when it arrives to escalating their infrastructure and achieving new audiences. With so a lot of distinct parts of chance waiting around to be exploited, it will be remarkable see what comes about upcoming in this quickly expanding market!

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Top rated Firms in Cannabis Current market

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July 20, 2022

CBD (Cannabidiol) Market Size to Reach USD 47.22 Billion by 2028

WASHINGTON, Feb. 08, 2022 (GLOBE NEWSWIRE) — Vantage Market Research’s recent analysis of the Global Cannabidiol (CBD) Market finds that increasing awareness of cannabidiol’s therapeutic benefits is expediting market growth. Primarily driven by increasing demand for cannabidiol (CBD) for health and wellness purposes is high, the total Global Cannabidiol (CBD) Market is estimated to reach USD 47.22 Billion by 2028, up from USD 4.9 Billion in 2021, at a compound annual growth rate (CAGR) of 21.3{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c}.

Furthermore, rising acceptance and use of CBD products due to government approvals to augment the growth of the Global Cannabidiol (CBD) Market, states Vantage Market Research, in a report, titled “Cannabidiol (CBD) Market by Source (Hemp, Marijuana), by Distribution Channel (Online, Offline), by End-Use (Medical, Personal Use, Pharmaceuticals, Wellness), by Region (North America, Latin America, Europe, Asia Pacific) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)”.

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(The Free Sample Of This Report Is Readily Available On Request).

Our Free Sample Reports Includes:

In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
Impact Analysis 170+ Pages Research Report (Including latest research)
Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.

(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)

List of Prominent Players in the Cannabidiol (CBD) Market:

Market Dynamics:

Growing Applications of CBD in Skincare Industry to Fuel Global Cannabidiol (CBD) Market

CBD oil is increasingly used for the manufacturing of skincare products to treat acne and wrinkles. For instance, Sephora had launched a special range of CBD skincare products in its stores. Similarly, Ulta Beauty is planning to offer a special range of CBD based products. In addition to this, a number of new companies are entering the CBD infused beauty products market. For instance, in 2019, Aphria, Canada based Cannabis Company, introduced its first-ever CBD-based cosmetics line in Germany.

Additionally, the investment from governments and major players in R&D sector is increasing. Cannabidiol (CBD) has witnessed to be an effective treatment for epilepsy in several clinical trials. For instance, Epidiolex, produced by GW Pharmaceuticals, has shown positive results in Phase III trials in the U.K. for Dravet and Lennox-Gastaut syndromes, both are treatment-resistant seizure disorders.

Echo Pharmaceuticals developed Arvisol, an oral tablet containing pure CBD, for the treatment of several neurological disorders, including schizophrenia and epilepsy. Arvisol is still undergoing Phase I clinical trials. Zynerba Pharmaceuticals is developing a CBD- based gel, named Zygel. The product is designed for treating Fragile X syndrome, adult seizures, and encephalopathies. Currently, the formulation is in open-label Phase II testing for Fragile X syndrome.

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Increasing Demand for CBD Hemp Oil via Ecommerce Platform to Stimulate Market Growth

CBD is being legalized in more regions, which is grabbing attention from e-commerce platforms in North America and Europe. Global trend leaning towards shopping for pet food products, nutritional products, cosmetic products, and medicinal products on e-commerce websites and platforms are some of the significant factors for providing an impetus to the demand for CBD oil products. Closedown of offline stores against the backdrop of COVID-19 has turned regular offline consumers towards online stores, aiding the increasing demand for CBD oil and products on e-commerce platforms. The rise in demand for cosmetic and nutritional products with CBD oil/tincture/powder has been experienced 25{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} more traffic and a substantial on e-commerce websites across Asia-Pacific and North America. CBD oil/tincture/powder and product sale through e-commerce bring forth a number of opportunities for manufacturers to enhance their revenues and, subsequently, profit margins.

COVID-19 Impact Analysis:

The Cannabidiol (CBD) market’s situation wasn’t quite good during all quarters in 2020 in terms of demand and supply. Raw material suppliers, manufacturers, and distributors underestimated the underlying demand for Cannabidiol (CBD) products. Lack of clear guidance and regulatory uncertainty from the FDA and other worldwide agencies dealing with CBD regulations are some of the factors that impacted the CBD market negatively.

Since the start of Q1 2020, the overall hemp industry has been facing tremendous pressure economically. Fall of prices has engendered a situation of economic distress and doubts within the overall CBD products industry. Starting from raw material supply to final distribution channel, entire value and supply chain for CBD products are experiencing disruptions. In the COVID-19 situation, along with lack of equipment, lack of human capital has hit the cannabis supply hard, resulting in a sudden drop in Cannabis supply. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

Impact Assessment of COVID-19 Pandemic
1. North America
2. Europe
3. Asia Pacific
4. Latin America
5. Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics

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The Report on Cannabidiol (CBD) Market Highlights:

Assessment of the market
Premium Insights
Competitive Landscape
COVID Impact Analysis
Historic Data, Estimates and Forecast
Company Profiles
Global and Regional Dynamics

Regional Analysis:

North America Dominates the Global Cannabidiol (CBD) Market

North America has dominated the global Cannabidiol (CBD) market in 2021 and is likely to continue the same trend during the forecast period. The market growth in the region is attributed to factors such as, increasing adoption of these technologies and rising investment in Research and Development (R&D) activities across the region. Also, increasing application if the Cannabidiol (CBD) products is also anticipated to fuel the market growth over the forecast period.

Asia Pacific is likely to witness the fastest growth in the CBD market during the forecast period. According to Chinese law, exclusively Chinese companies are allowed to grow, cultivate, and sell hemp in China. With growing companies investing in Chinese hemp, the Chinese government is supporting more planting of hemp, which has ultimately increased acreage, making China a leader in Hemp cultivation, benefitting other Asian countries, including Japan and South Korea. According to Mazakali, an investment firm in San Francisco, the world’s largest CBD extraction facility was opened in 2016 in China, which was the first step towards establishing a comprehensive Cannabis and hemp supply chain.

Browse market data Tables and Figures spread through 173 Pages and in-depth TOC on “Cannabidiol (CBD) Market by Source (Hemp, Marijuana), by Distribution Channel (Online, Offline), by End-Use (Medical, Personal Use, Pharmaceuticals, Wellness), by Region (North America, Latin America, Europe, Asia Pacific) – Global Industry Assessment (2016 – 2021) & Forecast (2022 – 2028)” View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/cannabidiol-cbd-market-245396

Key questions answered in the report:

Which regional market will show the highest and rapid growth?
Which are the top five players of the Cannabidiol (CBD)Market?
How will the Cannabidiol (CBD) Market change in the upcoming six years?
Which application and product will take a lion’s share of the Cannabidiol (CBD) Market?
What is the Cannabidiol (CBD) market drivers and restrictions?
What will be the CAGR and size of the Cannabidiol (CBD) Market throughout the forecast period?

Recent Developments:

June 2021: – Vertical Wellness, the US-based cannabidiol company, announced an agreement to merge with Canada-based company CanaFarma Hemp Products Corp., which offers multiple hemp-related products and services. This merger will help Vertical Wellness transform into a public entity with a combined worth of $50 million.

This market titled “Cannabidiol (CBD) Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:

Report Attribute	Details
Market Size in 2021	USD 4.9 Billion
Projected Market Size in 2028	USD 47.22 Billion
CAGR Growth Rate	CAGR of 21.3{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} From 2022 – 2028
Base Year	2021
Historic Years	2016 – 2020
Forecast Years	2022 – 2028
Segments Covered	Source: – Hemp, Marijuana Distribution Channel: – Online, Offline End-Use: – Medical, Personal Use, Pharmaceuticals, Wellness
Quantitative Data – Units	Revenue in USD Million/Billion and CAGR from 2022 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

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