Tag: USD

Herbal Medicine Market Is Expected To Reach around USD

Farmington, Feb. 07, 2023 (GLOBE NEWSWIRE) — The Global Herbal Medicine Market Size Was Valued At USD 151.91 Billion In 2021. The Market Is Projected To Grow From USD 165.66 Billion In 2022 To USD 347.50 Billion By 2030, Exhibiting a CAGR Of 11.16{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} During The Forecast Period. The COVID-19 pandemic has been shocking and has never happened before. When compared to the time before the pandemic, the demand for herbal medicine is higher than expected in all areas. Our research shows that the global market was 8.46{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} bigger in 2020 than in 2019.

Herbal medicines come from plants and are used to help with health and skin. Most herbal medicines used in Asia come from Ayurveda and old Chinese medicine.

Because the COVID-19 virus helped the market do well, there are more worries about health.

Request Sample Copy of Report “Herbal Medicine Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Covid-19 Impact, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Recent Developments:

November 2020 – Kunnath Pharmaceuticals, a manufacturer of herbal products from India, launched antiviral immunity booster capsules across India under the brand name ‘Viromune’. With this launch, the company plans to achieve sales of USD 266 million over the next three years.
March 2021 – Lotus, one of India’s popular beauty companies, launches the Lotus Botanicals brand. This e-commerce brand allows consumers to order skin and hair care products from Lotus Botanicals only through Lotus Botanicals and other third-party e-commerce channels.

Segment Overview

Application Insights

By use, the largest market share for herbal medicines is in the pharmaceutical and nutraceutical segment. This is because companies that make dietary supplements and alternative medicines need a lot of herbal raw materials. People are moving away from synthetic medicines and towards herbal ones after learning about the long-term benefits of herbal products. Herbal protein powders and products that make you look younger are two popular types of products in the nutraceuticals industry. In the long run, these industries are likely to need more and more herbal products. During the time frame of the forecast, this will help the pharmaceutical and nutraceutical market segment be the most important. The second largest part of the market is made up of products for personal care and beauty. Herbal raw materials are becoming more popular in the cosmetics industry because they are good for the hair, face, and skin in the long run. As more people learn about how good the product is for them in the long run, more and more people are buying herbal cosmetics. Food and drink is a fairly new industry, and people are still getting used to the products. Key food companies are making drinks, juices, and milk products with herbal flavours and selling them as alternatives to regular drinks. Because new, innovative products will be coming out in the next few years, this segment is expected to grow at the fastest rate over the next few years.

Form Insights

Tablets and capsules have the most market share because of how they look. There are a lot of capsules and tablets on the market that contain these kinds of medicines. Also, more and more prescriptions are calling for herbal capsules and tablets. Since the pharmaceutical industry is making more herbal products, this market segment is expected to remain the most important during the forecast period.

The liquid and gel segment has the second-largest share of the market when it comes to form. Liquid and gel products are used in the pharmaceutical, nutraceutical, and food and drink industries. Several companies are making herbal and turmeric drinks and entering the market for liquids.

Regional Outlook:

Europe has the biggest market for cosmetics in the world, which is a good place for new companies from developing countries to start. At the same time, beauty and personal care products made with natural ingredients are becoming more popular, and this trend is likely to continue. Based on this demand from European countries, it is likely that Europe will help the market grow a lot in the future. Turmeric is becoming more and more popular in Europe’s market for health products. It is known to have antioxidant and anti-inflammatory properties, so it is used as a supplement and in medical products to improve the immune and digestive systems and overall health. The EU gets most of its turmeric from India, but it also gets some from Thailand, Madagascar, Peru, and Sri Lanka. A big reason why people want turmeric is that people in Europe are living longer. As people in Europe become more health-conscious, the area will grow. Turmeric is a popular spice in the area because it is used in a lot of dishes from different cultures.

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Scope of Report:

Report Attributes	Details
Growth Rate	CAGR of 11.16{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from 2023 to 2030.
Revenue Forecast by 2022	USD 165.66 Billion
By Application	Pharmaceutical & Nutraceutical, Food & Beverages, Personal Care & Beauty Products, Others
By Form	Powder, Liquid & Gel, Tablets & Capsules, Others
By Companies	Cultivator Natural Products Pvt. Ltd. (India), 21ST Century HealthCare, Inc. (U.S.), Herbalife Nutrition (U.S.), ZeinPharma Germany GmbH (Germany), Blackmores Limited (Australia), Himalaya Global Holdings Ltd. (India), Nutraceutical Corporation (U.S.), Emami Limited (India), Nature’s Answer, LLC. (U.S.), Patanjali Ayurved Limited (India)
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Trends:

More and more people are taking herbal supplements.

In the last ten years, herbal medicines and other alternatives to antibiotics have become more and more popular. Both patients and doctors are becoming more and more interested in herbal products. WHO says that 10–50{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} of people in developed countries use herbal products regularly in some way. The main reason to use herbal products is that they help your body fight off illness better than synthetic drugs. In developing countries like China, Japan, India, Vietnam, South Africa, and Bangladesh, herbal medicines are sometimes the only affordable treatment option. People usually take these medicines for coughs, colds, nervousness, stomach problems, and painful conditions like joint pain, rheumatism, and stiffness. Because herbal supplements are becoming more popular, the market probably has a good chance of growing.

Driving Factors:

Herbal ingredients are becoming more and more important in the cosmetics industry, which is a big driver of market growth.

The cosmetics industry is a good place for exporters of natural ingredients from developing countries who want to grow their businesses in developed regions. More and more beauty companies want to use ingredients that come from nature. This demand is mostly because people are becoming more aware of natural cosmetics and because cosmetics companies are working harder to make herbal ingredients that can replace synthetic ones. As the need for cosmetics and toiletries made with natural ingredients grows, this trend is likely to keep going during the forecast period. In cosmetics, natural ingredients are replacing chemicals made in a lab. This is mostly to meet the needs of consumers and also to move towards raw materials that are better for the environment. People want personal care, beauty, and toiletry products that don’t have chemicals, so the herbal medicine market is likely to grow.

Restraining Factors:

Tight rules about how herbal medicines can be used as ingredients in cosmetics will slow the growth of the market.

Every country has its own rules about how to bring in herbal and natural products and how to use them. WHO says that many countries lack political will, a legal framework, the ability to monitor the safety of the products and how they are used, referral mechanisms between herbal and conventional medical practitioners, information systems, analysis of herbal ingredients, and integration of herbal products into health systems. Because of the things above, it is hard for companies that sell or make herbal products to get into new product markets. There are also different laws and standards that manufacturers and suppliers must follow and accept.

Key Segments Covered:

Top Market Players:
Cultivator Natural Products Pvt. Ltd. (India), 21ST Century HealthCare, Inc. (U.S.), Herbalife Nutrition (U.S.), ZeinPharma Germany GmbH (Germany), Blackmores Limited (Australia), Himalaya Global Holdings Ltd. (India), Nutraceutical Corporation (U.S.), Emami Limited (India), Nature’s Answer, LLC. (U.S.), Patanjali Ayurved Limited (India), and others.

By Application

Pharmaceutical & Nutraceutical
Food & Beverages
Personal Care & Beauty Products
Others

By Form

Powder
Liquid & Gel
Tablets & Capsules
Others

Regions and Countries Covered

North America: (US, Canada, Mexico, Rest of North America)
Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)
Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)
The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)
Latin America: (Brazil, Argentina, Rest of Latin America)
Rest Of the World

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March 7, 2023

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

Medical Cannabis Market Size to Hit USD 33,210.21 Million

New York, United states of america, Nov. 03, 2022 (World NEWSWIRE) — Professional medical Hashish Industry Overview:

According to a Extensive Study Report by Market place Analysis Long term (MRFR), “Professional medical Cannabis Current market Facts By Product Kind, Spinoff, Software, Distribution Channel, and Region – Forecast till 2027, the market place size is expected to cross USD 33,210.21 million by 2027 at CAGR of 18.14{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} in the course of the forecast interval 2020-2027.

Sector Scope:

For the treatment of indicators and ailments like cancer, continual soreness, and psychological issues, medical professionals could propose health care cannabis, generally identified as medical marijuana. Cannabidiol (CBD) and tetrahydrocannabinol (THC) are the two primary cannabinoids created from this plant that have healthcare added benefits (CBD).

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Report Scope:

Report Attribute	Details
Industry Measurement in 2027	USD 33,210.21 Million
CAGR	18.14{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c}
Foundation 12 months	2019
Forecast Period	2020-2027
Historic Details	2018
Forecast Units	Price (USD Million)
Report Protection	Earnings Forecast, Aggressive Landscape, Advancement Components, and Trends
Segments Lined	By Solution Form, By-product, Route of Administration, Application and Distribution Channel
Geographies Lined	North The usa, Europe, Asia-Pacific, and Rest of the Earth (RoW)
Critical Sector Drivers	Growing predominance of ongoing infections and other illnesses
Critical Sector Drivers	Legalization of professional medical cannabis in several locations

Clinical Hashish Industry Aggressive Outlook:

The major gamers of the Medical Cannabis market are described below:

Cover Development Company (Canada)
GW Pharmaceuticals PLC (United kingdom)
Aurora Cannabis (Canada)
Aphria, Inc. (Canada)
Maricann Inc. (Canada)
Tilray (Canada)
Cannabis Sativa Inc. (US)
GBSciences Inc. (US)
United Hashish (US)
Healthcare Marijuana, Inc. (US)
CanniMed Ltd (Canada)
MediPharm Labs (Canada)

Health-related Hashish Industry Dynamics:

Current market Drivers

Advancement in the health-related cannabis marketplace is remaining fueled by a range of variables, which includes greater hashish usage, a bigger prevalence of long-term conditions, and other factors. Investigate and advancement of cannabinoids has risen in relevance as the legalization of healthcare hashish proceeds to distribute across the entire world. On the other hand, rising unlawful Maryjane use is anticipated to gradual the world wide market’s envisioned expansion. The enlargement of the Health-related Hashish Market might be attributed to the huge wide range of medical purposes for hashish.

The drug sector is anticipated to advantage from the rising legalization of the hemp plant in several international locations for therapeutic needs. Also, this could assistance the world professional medical hashish industry grow more fast than envisioned in excess of the forecast time body. The purely natural plant’s potential to present reduction from persistent agony, vomiting, and rest difficulties may possibly improve need for healthcare marijuana and benefit the industry in the close to long run. Industry projections point out that in the in the vicinity of long run, demand from customers for cannabis’s purely natural leaves, which can electricity the current market, will boost sharply owing to the plant’s growing popularity as a sickness preventative. For the reason that of this, the demand for health care cannabis is growing quickly, which is excellent information for the enlargement of the healthcare hashish market.

Market Restraints

The developing acceptance of hashish as an component in prescribed drugs is likely to propel the business enterprise ahead. It can be feasible that the Medical Hashish market will confront troubles as a outcome of the difficult administrative framework for hashish use. Rising hashish abuse is a main component slowing the growth of the healthcare hashish business enterprise. You must be knowledgeable that above 28{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} of people today close to the environment routinely use illicit medication, the most frequent of which is hashish. Moreover, cocaine, cannabis, rapture, and amphetamine have been the most extensively applied illicit prescription drugs amid individuals aged 18 and up.

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COVID-19 Analysis:

The cannabis industry’s government inventory community has been disrupted by the COVID-19 outbreak. There has been a around the globe lockdown, and as a end result, dispensaries’ cannabis provides have been depleted. Hashish for Medical Use The covid-19 epidemic is stifling marketplace enlargement. Also, the lucrative Professional medical Cannabis market has been impacted by the new COVID-19 outbreak. Import and transport providers have been afflicted by the disruption in source chains brought on by lockdowns in little nations around the world. But as the prevalence of health conditions that reply perfectly to Healthcare Cannabis grows, so also will the number of men and women who pick to go after it as a remedy alternative. Regardless of the pandemic, the sector is expected to broaden all through the forecast time body.

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Medical Hashish Market place Segmentation:

By Species

The cannabis indica strain has the largest supply on the current market. Sleeplessness, muscle mass stress, persistent suffering, migraines, and lots of more illnesses can all be addressed with health-related cannabis.

The Use of Derivatives

Owing to its absence of psychoactive outcomes and very low toxicity, cannabidiol finds intensive use in the health-related industry. THC is also powerful at mitigating the facet consequences of therapy for HIV/AIDS and most cancers.

By Application

More than the forecast time body, the pain administration subsector is possible to be the market’s principal driver.

By Close-Use

Because of to the advancement of the e-commerce sector, the on the internet pharmacy sector is going through a substantial CAGR.

By Route of Administration

Oral preparations and circumstances handle the best portion, representing the greatest piece of the pie.

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Clinical Hashish Sector Regional Investigation

Investigation and advancement routines for drug discovery employing health-related hashish, mounting incidence of serious diseases like most cancers and osteoarthritis, and increasing recognition about the gains involved with professional medical cannabis all place to Asia-Pacific as the region with the fastest advancement price around the forecast time period. It’s harmless to say that the expansion of the lawful hashish business has been influenced by a amount of macroeconomic variables, which includes mounting disposable money, mounting societal acceptance, and growing know-how of the product’s added benefits.

The escalating prevalence of debilitating ailments including Parkinson’s sickness, Alzheimer’s illness, most cancers, and neurological disorders, as very well as the growing attractiveness of cannabis oil in countries that have approved clinical marijuana, all lead to the industry’s immediate expansion. Increases in cannabis legalization, improvements in cannabis intellectual assets legal rights, and advances in the plant’s genetics and the solutions by which they can be modified all lead to the region’s flourishing cannabis business. For occasion, in January of 2018, the government of Australia legalized the export of health-related cannabis and cannabis-derived merchandise from the country.

Uncover extra research Experiences on Health care Field, by Market Investigate Potential:

Cannabidiol (CBD) Industry Developments, Development and Sizing Evaluation by Sort (Good and Liquid), Route of Administration (Tincture, Capsules, Inhalation (Smoke or Vapor), Aerosol Spray), Merchandise (Foodstuff Quality and Therapeutic Quality), Software (Neurogenerative Condition, Fibromyalgia, Diabetes, Protein Bars, Electricity Drinks), Conclusion Person (Foodstuff & Beverage, Health care), Resource (Natural and organic-Inorganic) and Area (North America, Europe, Asia Pacific, ROW) – World Forecast until 2030

CBD Oil (Cannabidiol Oil) Marketplace: Information and facts By Variety (Hemp-Derived & Cannabis-Derived), By Application (Cosmetics Field, Food stuff Market, Prescribed drugs Market & Other individuals) – Forecast until 2027

Clinical Cannabis Current market: Details By Products Style (Strong, Fuel and Dissolvable/Powders), By Software (Alzheimer’s Disease, Cancer, Schizophrenia and Numerous Sclerosis), By Distribution Channel (Retail & Pharmacy Outlets, On line Platforms) – Forecast until 2030

About Industry Investigate Long run:

Industry Study Foreseeable future (MRFR) is a world wide market analysis business that requires delight in its products and services, supplying a comprehensive and precise investigation with regard to varied marketplaces and individuals worldwide. Industry Analysis Potential has the distinguished aim of delivering the ideal quality investigation and granular exploration to purchasers. Our market place investigation research by products, services, technologies, programs, conclusion users, and sector players for world, regional, and place level market segments, allow our clients to see far more, know additional, and do extra, which assistance respond to your most significant inquiries.

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mounting predominance of ongoing bacterial infections and other ailments

November 4, 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 (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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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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Vantage Market Research is a reputed company committed to providing high quality data and market research services. The company provides quantified B2B high quality research on more than 20,000 emerging markets. The company offers detailed reports on multiple industries including chemical materials and energy, food and beverages, healthcare, technology, etc. The company comprises over 125 analysts and consultants, adding more than 1,100 market research reports to its vast database every year. The company’s clientele base spans across 70{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} of the Global Fortune 500 companies.

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