The Cannabis Capsule Market report analyzes a comprehensive overview of the market, comprising an executive summary that covers core trends evolving in the market. This business report is drafted based on a brief assessment and extensive data collected from the Cannabis Capsule Market. The collected data include current industry trends and requirements associated with services and manufacturing goods. This global industry analysis report segments and defines the Cannabis Capsule Market industry, providing in-depth forecasts and a study of the market size. The report further includes various figures, data tables, and an in-depth table of contents on the market. The demand proportion and development of innovative technologies are also revealed in the trustworthy Cannabis Capsule Market research report.
The large-scale Cannabis Capsule Market report encompasses key players along with their share (by volume) in key regions such as APAC, EMEA, and the Americas, and outlines the challenges they face. This market document forecasts compound annual growth rate (CAGR) in percentage value for a specific period, aiding the Cannabis Capsule Market industry in making decisions based on futuristic charts. The report highlights global key manufacturers, defining, describing, and analyzing the market competition landscape. The Cannabis Capsule Market report provides the market potential for each geographical region based on growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
According to the poll, nearly 13,400 physicians in Canada supplied prescriptions for an average of 2.1 grams of marijuana each day to patients. The growing number of scientific trials of cannabis-infused medications for various therapeutic areas, particularly the usage of cannabidiol, is boosting market growth. There were around 400 completed or continuing clinical trials as of June 2018. Clinical trials sponsored by GW Pharmaceuticals was 40, whereas clinical trials sponsored by sanofi was 38. Furthermore, the narrative among physicians about the benefits, as well as supporting clinical evidence, is leading to an increase in patient prescriptions for cannabis-infused medicines.
Data Bridge Market Research analyses that the global cannabis capsule market was valued at USD 28.00 billion in 2022 and is expected to reach USD 128.54 billion by 2030, registering a CAGR of 18.7% during the forecast period. “Skin Tightening” accounts for the largest application segment in the respective market due to the high demand for minimally aesthetic procedures among people. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Explore Further Details about This Research Cannabis Capsule Market Report https://www.databridgemarketresearch.com/reports/global-cannabis-capsule-market
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REPORT METRIC |
DETAILS |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Billion, Pricing in USD |
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Segments Covered |
Product (High THC Capsule, THC/CBD Balanced Capsules, High CBD Capsules Digital), Compound (Tetrahydrocannabinol (THC)-Dominant, Cannabidiol (CBD)-Dominant), Application (Medical, Recreational), End User (Hospital Pharmacies, Retail Pharmacies, Drug Stores, Online Sales). |
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Countries Covered |
U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America. |
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Market Players Covered |
Joy Organics (U.S.), CBD istillery (U.S.), Gaia Botanicals (U.S.), Harmony (U.S.), Floyd’s of Leadville (U.S), Lazarus Naturals (U.S.), cbd MD (U.S.), Pure Hemp Botanicals (U.S.), ENDOCA (Netherlands), Green Roads (U.S.), Tilray (U.S.), Canopy Growth Corp. (Canada), GW Pharmaceuticals PLC (U.K.), Aurora Cannabis (Canada), Aphria Inc. (Canada), CV sciences Inc. (U.S.) |
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Market Opportunities |
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Market Definition
Cannabis, sometimes known as marijuana, is a psychoactive substance that is used for both medical and recreational purposes. Cannabis has a long list of health benefits, including relief from restlessness, muscle contractions, and chronic discomfort, as well as a reduction in vomiting and illness caused by chemotherapy.
Global Cannabis Capsule Market Dynamics
Drivers
- Advancements in research and development
Cannabis is now approved for the treatment of a variety of ailments, including restlessness, muscle tightness, persistent discomfort, and the reduction of vomiting and illness caused by chemotherapy. The majority of businesses are making rapid progress in their research into the potential of therapeutic cannabis and hemp.
- Cannabinol and tetrahydrocannabinol-modified edibles
CBD and THC-modified edibles are becoming increasingly popular throughout all permitted states. In addition, customers and investors are becoming more interested in infused drinks. The convoluted administrative process for cannabis acceptance can act as a roadblock to industry development. The therapeutic properties of cannabis, as well as the ongoing legalisation of cannabis capsules, will serve as opportunities for market expansion.
- Increasing legalization of cannabis
Medicinal cannabis accounts for a significant component of the cannabis industry. Australia, Canada, Chile, Colombia, Germany, Greece, Israel, Italy, the Netherlands, Peru, Poland, Portugal, Goa, and Uruguay are among the countries that have allowed the use of cannabis for therapeutic purposes. Consumers in cannabis-legalized states in the United States are often over the age of 50. This demographic profile is predicted to raise cannabis demand in the country due to a higher likelihood of chronic diseases after 50 years of age and the effectiveness of cannabis in treating such conditions. Symptoms and conditions that can be treated by cannabis, according to the US Government Accountability Office (under State Medical Marijuana Laws), include anorexia, HIV-AIDS, glaucoma, cancer, arthritis, epilepsy, nausea, pain, cachexia, Crohn's disease, Alzheimer's disease, migraines, multiple sclerosis, spasticity, and wasting syndrome. Cannabis' popularity and demand are projected to rise in the future as a result of ongoing research and the standardization of products for medicinal uses.
Opportunities
- Intended medicinal benefits
To provide the intended medicinal benefits, capsule doses must be precise before consumption. More dependable is the use of advanced technology, a qualified, licensed lab technician, and a producer. Because medical cannabis is now legal in the U.S., demand for it is growing at a rapid pace, owing to the medicinal benefits that cannabis capsules provide. As a result, investors are keen on establishing or acquiring plants with the necessary gear, skilled labor, and a license to create cannabis capsules. Existing manufacturers are also devoting time and resources to developing new methods for producing high-quality capsules in appropriate doses.
Key Questions Answered in This Report: –
- How has this Cannabis Capsule Market performed so far and how will it perform in the coming years?
- Which are the key product types available in this Cannabis Capsule Market?
- Which are the major application areas in the Cannabis Capsule Market?
- What are the key distribution channels in the global Cannabis Capsule Market?
- What are the key regions in this Cannabis Capsule Market?
- What are the price trends?
- What are the various stages in the value chain of this industry?
- What are the key driving factors and challenges in the market?
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