The rising number of patients related to chronic diseases Europe and an increased inclination towards a healthy lifestyle are some of the factors that are expected to drive market growth. In addition, the rise in the number of product approvals and increasing RD activities for medical cannabis devices are expected to drive market growth. However, the high cost of medical cannabis devices and procedures, medicinal drugs, safety concerns and adverse effects associated with laser procedures, and lack of awareness about the treatment from laser devices are expected to restrain the market growth. Additional technological advancements in medical cannabis and strategic initiatives by emerging players are expected to act as opportunities for market growth. However, stringent regulations and a lack of skilled professionals are expected to pose a challenge to market growth.
Data Bridge Market Research analyzes that the Europe medical cannabis market is expected to grow at a CAGR of 22.5% during the forecast period of 2023 to 2030.
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Market Overview
Cannabis is a psychoactive drug that is derived from the cannabis plant of the Cannabaceae family. For several years, it has been used medicinally and has a wide range of applications in the treatment of various diseases including chronic pain, cancer, depression, diabetes, arthritis, glaucoma, epilepsy, migraines, AIDS, and Alzheimer’s among others.
The increased medicinal use of cannabis, the controlled legalization and use of cannabis in various industries, and the advanced methodologies present in the field are some of the factors expected to drive market growth.
Some of the major players operating in the Europe Medical Cannabis market are:
- Tilray,
- Aurora Cannabis,
- JAZZ Pharmaceuticals Inc. (GW Pharmaceuticals plc),
- HEXO Corp. (Zenabis Europe Ltd),
- Cresco Labs,
- Peace Naturals Project Inc.,
- CANOPY GROWTH CORPORATION,
- Medical Marijuana, Inc.,
- Seed Cellar,
- EcoGen Biosciences,
- CANNABIS SEEDS USA,
Global Europe Medical Cannabis Market Scope
The Europe medical cannabis market is segmented into nine notable segments based on product, source, species, derivatives, application, route of administration, treatment type, end user, and distribution channel. The growth amongst these segments will help you analyze market growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
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Table of Content:
Chapter 1: Market overview
Chapter 2: Europe Laxative market
Chapter 3: Regional analysis of the Middle East and Africa Infection Control market industry
Chapter 4: Regional analysis of the Middle East and Africa Infection Control market on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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