According to IMARC Groups latest report, titled Europe Medical Cannabis Market Report: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, the Europe medical cannabis market is currently witnessing moderate growth. Looking forward, the market is expected to witness moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Medical cannabis, or medicinal marijuana, refers to a psychotropic drug sourced from cannabis indica, sativa and hybrid plants. It majorly contains three active compounds, namely, tetrahydrocannabinol (THC), cannabidiol (CBD), and cannabinol (CBN). These drugs are used to treat various chronic and stress-related diseases, such as insomnia, inflammation, depression, nausea, anorexia, epilepsy, and anxiety. Medical cannabis can be manufactured in the form of capsules, oils, topical solutions, vapor, smoke and eatables.
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Market Trends
The increasing prevalence of chronic diseases, especially amongst the geriatric population, is primarily driving the Europe medical cannabis market growth. In line with this, cannabis is safer and has fewer severe side effects than other treatment options, which is acting as a growth-inducing factor. Additionally, the widespread adoption of medical cannabis for effective pain management is further contributing to the market growth. Moreover, legalization and commercialization of cannabis-based medications through healthcare centers and authorized dispensaries is creating a positive outlook for the market in the region.
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
The report has segmented the market on the basis of species, derivative, application, end use, route of administration and country.
Breakup by Species:
- Indica
- Sativa
- Hybrid
Breakup by Derivative:
- Cannabidiol (CBD)
- Tetrahydrocannabinol (THC)
- Others
Breakup by Application:
- Cancer
- Arthritis
- Migraine
- Epilepsy
- Others
Breakup by End Use:
- Pharmaceutical Industry
- Research and Development Centres
- Others
Breakup by Route of Administration:
- Oral Solutions and Capsules
- Smoking
- Vaporizers
- Topicals
- Others
Breakup by Country:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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