Market Size in 2022 | Market Forecast in 2026 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11 Billion | USD 13 Billion | 2.11% | 202 |
FrequentlyAsked Questions
Controlled release cannabis pills are used in treating chronic pain, nausea, insomnia, and muscle spasms. Reportedly, these products help in reducing vomiting during chemotherapy.
The global controlled release cannabis pills market growth over forecast period can be owing to rise in the demand for product owing to its low side-effects.
According to a study, the global controlled release cannabis pills industry size was $11 billion in 2022 and is projected to reach $13 billion by the end of 2030.
The global controlled release cannabis pills market is anticipated to record a CAGR of nearly 2.11% from 2023 to 2030.
The North American controlled release cannabis pills industry is set to register the fastest CAGR over the forecasting timeline can be owing to a rise in prescription of product for the patients suffering from chronic disorders and pain in the countries such as Germany and the UK.
The global controlled release cannabis pills market is led by players such Cannabics Pharmaceuticals, Wana Edibles, Depomed, Corium International Inc., Collegium Pharmaceutical, GlaxoSmithKline, and others.
The global controlled release cannabis pills market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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