Global Controlled Release Cannabis Pills Market Set to Register at CAGR of 17.5 % between 2019 and 2026
Zion Market Research (www.zionmarketresearch.com) has published a new report titled “Global Controlled Release Cannabis Pills Market by Product (High THC Capsule, THC/CBD Balanced Capsules and High CBD Capsules), by End Users (Hospital Pharmacies, Retail Pharmacies, Drug Stores and Online Sales): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2026.”According to the report, the Controlled Release Cannabis Pills Market accounted for USD xx Billion in 2018 and is expected to reach USD xx Billion by 2026, growing at a CAGR of around 17.5 % between 2019 and 2026.
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Cannabis or marijuana is a psychoactive drug that is extracted from the cannabis plant. Over the last few decades, the use of cannabis for the medical purpose as well as for beauty purpose have increased. Owing to the increase in Research and development activity, the marijuana is prescribed for the treatment of the number of health conditions such as insomnia, muscle spasm, chronic pain, and reduce vomiting and nausea during chemotherapy. Most of the companies are rapidly investing in research pertaining to the field of medical cannabis or marijuana. This research has led to the development of the controlled release cannabis pills that could provide long-lasting effects.
The global controlled release cannabis pills market is anticipated to observe noticeable growth over the years. Owning to the high adoption of controlled release cannabis capsules or pills among people and prescribers as these drugs have lower side effects; the market is estimated to drive at a noteworthy rate. In addition, the rising number of government legalizing distribution of medical marijuana and the long-lasting effect of controlled release cannabis capsules or pills are estimated to propel the global controlled release cannabis pills market within the forecast period.
In terms of the product type, the global controlled release cannabis pills market has been segmented into High THC Capsule, THC/CBD Balanced Capsules, and High CBD Capsules. On the basis of the application, the controlled release cannabis pills market is segmented into hospital pharmacies, drug stores, retail pharmacies, and online sales, etc. The hospital pharmacies segment is likely to grow at a faster pace within the forecast period. This is due to the increasing consumption of controlled release cannabis pills which cures muscle spasm, chronic pain, nausea, and dizziness.
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The key players operating in the global controlled release cannabis pills market are Wana Edibles, Depomed, Cannabics Pharmaceuticals, Collegium Pharmaceutical, GlaxoSmithKline, Corium International Inc., and others.
This report segments the the global controlled release cannabis pills market as follows:
Global Controlled Release Cannabis Pills Market: Product Segment Analysis
- High THC Capsule
- THC/CBD Balanced Capsules
- High CBD Capsules Digital
Global Controlled Release Cannabis Pills Market: End-User Analysis
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- Online Sales
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Global Controlled Release Cannabis Pills Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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