Growth of Global Cannabis Pharmaceuticals Market Estimated to Surpass USD 5.72 Billion by 2027

Cannabis Pharmaceuticals Market

The global cannabis pharmaceuticals market is expected to reach USD 5.72 billion by 2027, according to a new study by Polaris Market Research. The report “Cannabis Pharmaceuticals Market Share, Size, Trends, Industry Analysis Report, By Product (Epidiolex, Marinol, Cesamet and Sativex); By Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies), By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Favorable legislation in the market, policies across developed economies, and investments in the research and development of cannabis-infused drugs are the key factors responsible for the market growth. Moreover, technological innovation to decide the accurate dose of cannabis-infused drugs with cutting edge delivery methods to ensure therapeutic and psychoactive events, to contain drug abuse among adults also favors market growth for cannabis pharmaceuticals. Blockchain technology in the pharmaceutical industry could be used to maintain strain purity and product formulations to have effective treatment for the therapeutic cause and will also enable us to capture dosage data for future considerations, thus technology could also play important role in shaping the market future of the cannabis pharmaceuticals industry.

(The sample of this report is readily available on request. The report sample contains a brief introduction to the research report, a Table of Contents, a Graphical introduction of regional analysis, Top players in the market with their revenue analysis, and our research methodology.)

The global market for cannabis pharmaceuticals is fragmented based on product, distribution channel, and region. In terms of product, the market is segmented into Epidiolex, Marinol, Cesamet, and Sativex. Based on distribution channels, the cannabis pharmaceuticals industry is further bifurcated into hospital, online, and retail pharmacies.

Segment Highlights

  • Sativex segment accounted for the largest revenue share in 2019 owing to the growing usage of drugs for muscle spasticity. In addition, the growing demand for plant-based pharmaceuticals is expected to drive the market demand for cannabis pharmaceuticals.
  • Based on the distribution channel, the hospital’s pharmacies segment is projected to account for a significant share by 2027. The high share is attributed to the fact that most physicians recommend medicines from in-house pharmacy stores driving the cannabis medicines market growth.
  • Europe accounted for the largest share in 2019 in terms of revenue on account of the increasing demand for plant-based medicines and the increasing awareness pertaining to the medicinal benefits associated with cannabis

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List of Key Players

  • GW Pharmaceuticals
  • Valeant Pharmaceuticals
  • Insys Therapeutics, Inc.
  • Corbus Pharmaceuticals
  • Teva Pharmaceutical
  • Avicanna
  • Solvay Pharmaceuticals
  • Cannabics Pharmaceuticals
  • Others

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Polaris Market Research has segmented the cannabis pharmaceuticals market report on the basis of product, distribution channel, and region

Cannabis Pharmaceuticals, Product Outlook (Revenue – USD Million, 2016 – 2027)

  • Sativex
  • Marinol
  • Cesamet
  • Epidiolex

Cannabis Pharmaceuticals, Distribution Channel Outlook (Revenue – USD Million, 2016 – 2027)

  • Hospital Pharmacies
  • Online Pharmacies
  • Retail Pharmacies

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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight and market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defense, among different ventures, present globally.