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Statistics of Cannabidiol (CBD) Market covering market size, industry share numbers, regional outlook

Cannabidiol (CBD) Market Size By Product (Oils, Tinctures, Suppositories, Transdermal Patches, Isolates, Tablets, Capsules, Vape Oils, Creams & Roll-ons)

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Statistics of Cannabidiol (CBD) Market covering market size, industry share numbers, regional outlook

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  1. Cannabidiol Market outlook with industry review and forecasts Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Cannabidiol Market : • Cannabidiol market is set to experience a remunerative period of growth over the forthcoming timeframe owing to its growing prominence as cure-it-all for a number of ailments such as migraine, chronic pain, and anxiety. In fact, the demand for cannabidiol is set to grow immensely for wellness and medical purposes owing to its healing properties, thereby making it a driving factor for market growth. • Cannabidiol is the second most prevailing active ingredients present in marijuana. CBD or cannabidiol is a key component of medical marijuana, and is directly derived from the hemp plant, a cousin of marijuana plant. • This makes CBD a naturally occurring substance. CBD is commonly used in products such as oils and edibles to give a feeling of relaxation and calmness. CBD is generally used to tackle anxiety and for patients who are suffering the misery of insomnia. Various studies suggest that cannabidiol might further help with both staying asleep and falling asleep.

  3. Continued... • Epidiolex, a FDA-approved CBD medication is currently the only product present in the market for the treatment of specific types of epilepsy. But it has also shown the ability to treat other health issues which include osteoarthritis, back pain, and cancer. CBD is also useful in providing relief from chronic pain, depression, inflammation, and many other health related conditions. • The cannabidiol market is segmented into product, application, route of administration, source, distribution channel, and regional landscape. • With respect to product, the market is categorized into oils, tablet, isolates, tinctures, vape oil, transdermal patches, suppository, capsules, creams and roll-on, and others. Among these, creams & roll-ons product segment held a market share of around 12% in 2019 owing to their increased utilization as a substitute to beauty products. Roll-ons contain CBD oil, it relieves, soothes as well as promotes a feeling of well-being instantly.

  4. Continued... • In terms of application, electrosurgical generators market is segmented into gynecology, optical, cardiac, dermatology, ENT, dental, orthopedic, maxillofacial, neurology and urology. It is estimated that the optical application segment may reach $462.5 million by 2025. A considerable share of this growth could be due to the adoption of electrosurgery generators in ophthalmic procedures for dissecting, cutting, fulgurating, coagulating, ablating, and shrinking tissues. In addition, rising cases of eye-related disorders and increasing need for minimal invasive procedures could facilitate the demand for electrosurgery generators in the optical industry. • Based on end-use, ambulatory surgical centers are projected to advance by 10% over the predicted timeframe. Nowadays, patients mostly prefer a visit to ambulatory surgical centers as they provide high-quality treatment at nominal prices. At these centers, patients avoid staying after undergoing a minor surgery. Factors that may fast-track the demand for electrosurgery generators at these centers in the coming years.

  5. Continued... • Based on source, the market is divided into marijuana and hemp. Among these, marijuana is expected to reach USD 25,389 million by 2026 owing to the utilization of marijuana-based products in food & dietary supplements for suppressing symptoms of few neurological disorders. • With respect to distribution channel, the market is segmented into offline and online distribution channel. Among these, the offline distribution channel registered a major market share of around 54% in 2019. This is due to the increased sales of cannabidiol based products in big retail stores. • From a regional frame of reference, the Europe cannabidiol market is projected to reach a CAGR of 35.2% during the forecast timeframe with a revenue of USD 23,535 million by 2026.

  6. Browse Full Market Research Report On Cannabidiol Market @ https://bit.ly/3bicNHy Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/4541

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