According to an Allied Market Research report, titled “CBD market by treatment (CBD oil, nutritional supplements), and distribution (retail pharmacies and drug stores, e-commerce, other): Global Opportunity Analysis and Industry Forecast 2020-2027″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario and competitive landscape.
Cannabidiol (CBD) is one of the 113 cannabinoids identified in the cannabis plant and accounts for up to 40% of the plant extract. It is the second most prevalent active ingredient in cannabis (marijuana). CBD is commonly used to treat anxiety and for patients suffering from the misery of insomnia. CBD oil is used in many medical applications such as treating anxiety and depression, relieving stress, preventing diabetes, relieving pain, relieving symptoms of cancer, and reducing acne.
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Analysis of the impact of COVID-19:
Pharma and biotech companies are working alongside governments around the world to tackle the COVID-19 outbreak from supporting vaccine development to planning for drug supply chain challenges. There are currently about 115 vaccine candidates and 155 molecules in the research and development phase. Furthermore, commonly used medications such as Hydroxychloroquine have seen increased demand for the management of COVID-19. This high demand for these drugs has presented a huge opportunity for manufacturers of drugs to manage COVID-19, as many developed countries lack these drugs.
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The most important influencing factors:
According to numerous studies, CBD helps reduce seizures, and sometimes stop them altogether. The high cost of CBD products, strict regulations, absence of rationing programs in many countries, and side effects like nausea, fatigue, and irritability are the factors limiting market growth.
Key benefits for stakeholders
- This report entails a detailed quantitative analysis along with current global Cannabidiol market trends from 2020 to 2027 to identify the prevailing opportunities along with the strategic assessment.
- The Cannabidiol market forecast has been studied from 2020 to 2027.
- The Cannabidiol market size and estimation is based on a thorough analysis of key developments within the Laparoscopic Pancreatic Cholangioscopy industry.
- Qualitative analysis based on innovative products facilitates strategic business planning.
- The development strategies adopted by the major market players are listed to understand the competitive scenario of the Cannabidiol market.
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