The Medicinal Cannabis Compounding Market is expected to grow on a robust note going forward. With technology spreading its wings throughout, the healthcare vertical is likely to witness an influx of tech-savvy patients, which would call for clinical mobility. With smartphones penetrating all over at an alarming rate, the healthcare vertical would be seeing a blurring of lines as far as geographies are concerned. This trend would contribute towards a centralized healthcare system shortly.
Cannabis is safer and has less severe side effects in comparison to other treatment options. It also finds usage along with other treatments either to enhance their efficacy or to combat adverse side effects. For instance, it is very effective in reducing nausea and increasing appetite among chemotherapy patients.
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Similarly, it is also used in combination with traditional opioid painkillers, which enables patients to reduce the dosage and frequency of opioids significantly and imparts greater pain relief. Many countries in Europe have legalized cannabis thus it can be used for medicinal purpose, such as Italy, Germany.
There is still plenty of scope for research in effectiveness of cannabis. As cannabis extracts act as body’s own chemicals its effectiveness increases with lesser side effects.
Furthermore, the presence of major market companies and developed R&D structure in the region are the key factors that have contributed to the growth of Medicinal Cannabis Compounding demand. In addition, favorable government initiatives, high healthcare expenditure, and technological advancements are the main factors positively impacting Medicinal Cannabis Compounding regional market growth.
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Suitable government policies and regulations for the reimbursement of digital health applications are expected to boost the European medicinal cannabis compounding market over forecast years
- Aphria Inc.
- Aurora Cannabis
- Cannabis Science Inc.
- Canopy Growth Corporation
- Medical Marijuana Inc.
- VIVO Cannabis Inc.
- TikunOlam Ltd
- Terra Tech Corp.
- Tilray and Cronos Group
- Harvest Health & Recreation
- Green Thumb Industries
- Maricann Group Inc.
- TerrAscend
- Others.
Companies offering Medicinal Cannabis Compounding are involved in existing product upgrades, new product launches, mergers and acquisitions, and regional expansion to enhance their market position.
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Key Segments
By Product Type
- Extracts
- Flowers
- Leaves
- Others
By Application
- Tetrahydrocannabinol
- Cannabidiol
- Others
By End User
- Hospitals
- Clinics
- Research Institutes
- Others
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