Cannabis Drugs Market Size to Surpass US$ 2013.42 Billion by 2030 | Exclusive Report by Growth Plus Reports

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Oct 06, 2022, 09:15 ET

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- According to a new market research report titled, "Cannabis Drugs Market by Brand (Epidiolex, Marinol, Syndros, and Cesamet), by Application (Epilepsy, Chemotherapy-induced nausea and vomiting, Fibromyalgia, Multiple Sclerosis, and Others), - Global Outlook & Forecast 2022-2030" published by growth plus reports, the cannabis drugs market is expected to grow at a CAGR of 59% from 2021 to reach US$ 2013.42 billion by 2030. Owing to regulatory relaxation and increased medical applications.

Growth Drivers
The increased cannabis approvals by regulatory bodies for medicinal use, rising availability of cannabis drugs in online pharmacy, and more and more physicians prescribing cannabis for medical and recreational purposes is driving the global cannabis drugs market.

The global cannabis drugs market has been analyzed from three different perspectives – brand, application, and region.

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Excerpts from 'By Brand'
The global cannabis drugs market has been divided into four approved brands namely:

Epidiolex
Marinol
Syndros
Cesamet

The largest revenue share was accounted for by the Epidiolex brand segment, which dominated the market for cannabis medications and is predicted to increase at the fastest rate over the forecasted period. Due to its great demand in both Europe and the United States, Epidiolex has a large sales volume. The pricing and reimbursement policies of Finland, Germany, and Israel are also helping to expand the market. With epidiolex, seizures brought on by Lennox-Gastaut syndrome and Dravet syndrome can be controlled. The rising number of Epidiolex approvals is what is causing the category to grow.. Although Marinol had been approved by U.S. FDA years back, a prescription is always required to purchase this drug.

Excerpts from 'By Application'
Based on application, the global cannabis drugs market has been divided into:

Epilepsy
Chemotherapy-Induced Nausea and Vomiting
Fibromyalgia
Multiple Sclerosis

Due to the widespread use of the recently licensed epidiolex, which is used to treat epileptic syndromes including Dravet syndrome and Lennox-Gastaut syndrome, the epilepsy segment leads the market for cannabis-based medications. Application in other disease areas is still being tested, and it has not yet received complete authorization for use. Although the medication nabinol, sold under the brand names marinol and syndros, is used to treat chemotherapy-related nausea and vomiting.

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Excerpts from 'By Region Segmentation'
The global cannabis drugs market has been segmented into:

North America
Europe
Asia Pacific
Rest of the World

Due to the U.S Food and Drug Administration's recent approval of brands like epidiolex, Marinol for medicinal usage in the treatment of epileptic syndrome, and other conditions like chronic pain management, Alzheimer's, etc, there is an increased demand in the region. Epidiolex is witnessing high sales in the U.S. but Canada still hasn't included this drug in its national drug list. Therefore, North America ranks second in the global cannabis drug market. Europe is dominating the market whereas regions like Asia Pacific only few countries like South Korea,Australia and Japan these drugs are approved for medicinal as well as recreational purposes. The Middle East is predicted to expand because of reasons like growing cannabis legalization, greater public awareness of its health advantages, and approval for its use in medicine.

Excerpts from 'Competitive Landscape'
The prominent players operating in the global cannabis drugs market:

GW Pharmaceuticals
Valeant Pharmaceuticals International
Solvay S.A
Corbus Pharmaceuticals
Therapix Biosciences
Canbex Therapeutics
Among others

Table of Content

INTRODUCTION

Market Ecosystem
Timeline Under Consideration

Historical Years – 2020
Base Year – 2021
Forecasted Years – 2022 to 2031

Currency Used in the Report
RESEARCH METHODOLOGY

Research Approach
Data Collection Methodology
Data Sources

Secondary Sources
Primary Sources

Market Estimation Approach

Bottom Up
Top Down

Market Forecasting Model
Limitations and Assumptions

PREMIUM INSIGHTS

Current Market Trend (COVID-19 Perspective)
Key Players & Competitive Positioning (2021)

MARKET DYNAMICS

Drivers
Restraints/Challenges
Opportunities

GLOBAL CANNABIS DRUGS MARKET - ANALYSIS & FORECAST, BY BRAND

Epidiolex
Marinol
Syndros
Cesamet

GLOBAL CANNABIS DRUGS MARKET - ANALYSIS & FORECAST, BY APPLICATION

Epilepsy
Chemotherapy-induced nausea and vomiting
Fibromyalgia
Multiple Sclerosis
Others

VALUE PROPOSITIONS RELATED TO THE REPORT:

Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
Comprehensive quantitative and qualitative insights at segment and sub-segment level
Covid 19 impact trends and perspective
Granular insights at global/regional/country level
Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
Blanket coverage on competitive landscape
Winning imperatives
Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

Distributor Landscape Assessment
Pricing Intelligence
Customer Base Assessment
Investment & Initiatives Analysis
'Business Profile' of Key Players

Directly Purchase a Premium Copy of Cannabis Drugs Market Growth Report (2022-2030) at: https://growthplusreports.com/checkout?_token=dQIJjRmDoY5BYFoO8p59cDIiDTPh1vCyfUY5F9zq&report_id=7828&license=Single

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