India Cannabis Market Analysis

India Cannabis Market Analysis


$ 3999

This report presents a strategic analysis of the India Cannabis Market Analysis and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the India Cannabis Market Analysis, offering unmatched value, accuracy, and expert insights.

ID: IN10INPH072 CATEGORY: Pharmaceuticals GEOGRAPHY: India

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India Cannabis Market Analysis Executive Summary

Research from two industry pressure groups reveals the India cannabinoid (CBD) industry was worth £690mln in the 12 months to the end of April – up almost a third since a 2019 estimate. CBD is a non-psychoactive element derived from both marijuana and hemp plants. It is used in an array of products for conditions such as anxiety and insomnia through to skincare. Its healthcare benefits, however, are yet to be proven.

Market Size and Key Findings

The India Cannabis Market Analysis size stood at around USD xx billion in 2022 and is projected to reach USD xx billion by 2030, exhibiting a CAGR of xx% during the forecast period.

India Cannabis Market Size (In Millions)

(2020 - 2028F)

Market Dynamics

Market Growth Drivers Analysis

The growth of the market in this region is attributed to the upgrading of regulations for medical cannabis and the growth of the cannabis industry. European countries are experiencing transformation in the regulations for marketing cannabis and related products. The changes in the regulations have allowed the cultivation, processing, and trade of cannabis-derived products across this region. In addition, the online distribution of CBD has received more attention, and companies are emerging at a faster rate.

Market Restraints

The high cost of biologics and accessibility to these biologics may restrict the market growth in the upcoming years.

Competitive Landscape

Major companies mentioned: Aphria, Inc., Aurora Cannabis, Cannabis Science, Inc., Canopy Growth Corporation, and Medical Marijuana, Inc.​

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

India Cannabis Market Analysis Segmentation

By Product Type (Revenue, USD Billion):

Based on product type, the Europe cannabis market is segmented into flowers, concentrates, and others. In 2019, flowers held the largest market share; however, the concentrates segment is expected to witness the highest CAGR during the forecast period.

  •  Flowers Market
  • Concentrates Market
  • Medical Market
  • Others Market

By Application (Revenue, USD Billion):

Based on application, the European cannabis market is segmented into medical and recreational. In 2019, the medical segment held a larger share of the market; however, the recreational segment is anticipated to register a higher CAGR in the market during 2020-2028.

  • Pain Management
  • Neurological Health Management
  • Mental Health Management
  • Recreational Market

By Compound (Revenue, USD Billion):

Based on the compound, the Europe cannabis market is segmented into tetrahydrocannabinol (THC)-dominant, cannabidiol (CBD)-dominant, and balanced THC and CBD. In 2019, the THC dominant segment held the largest share of the market. However, the market for the CBD dominant segment is estimated to grow at the highest CAGR during the forecast period.

  • Tetrahydrocannabinol (THC)-Dominant Market
  • Cannabidiol (CBD)-Dominant Market
  • Balanced THC and CBD Market
     

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 04 January 2023
Updated by: Bhanu Pratap Singh

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