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The report offers actionable and valuable market insights of Synthetic Cannabinoids. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Synthetic Cannabinoids Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Synthetic Cannabinoids market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Synthetic Cannabinoids
This newly published and insightful report sheds light on Market Insights of Synthetic Cannabinoids, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Synthetic Cannabinoids Market.
The report primarily conveys a summary of the synthetic cannabinoids market, considering present and upcoming cannabis industry scenarios, to reveal striking sides relating to the acceptance of synthetic cannabinoids across prominent regional markets.
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Synthetic Cannabinoids Market: Segmentation
FactMR’s study has done the segmentation of synthetic cannabinoids market on the basis of type, and region.
- Synthetic Cannabinoids
- North America
- Latin America
- Asia Pacific
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Leading Players to Expand Production Capacity of Synthetic Cannabinoids
Synthetic cannabinoid market players are partnering with research associations and organizations to carry out potential research in synthetic cannabinoids. Few pharma giants are investing in startup companies to push research on synesthetic cannabinoids and expand production capacities of synthetic cannabinoids.
For instance, in 2019, Noramco announced that its cannabinoids business division will become a separate company named Purisys, LLC and is expanding its production capacity of Dronabinol and cannabidiol (CBD) in its production facility based in Athens, United Sates.
Key Takeaways of Global Synthetic Cannabinoids Market
- Dronabinol type of synthetic cannabinoid accounts for more than 90% market share and is expected to witness a rising growth curve in synthetic cannabinoids owing to novel usage of drugs in several experimental therapies such as arthritis and cancer
- Nabilone showcases a marginal contribution to global synthetic cannabinoids market and is projected to grow 4.5X over period of forecast 2019 – 2029, due to increased legal and pharmaceutical usage in United States, Canada and Europe.
- North America synthetic cannabinoids market is projected to hold around two third of market share. However, Asia Pacific and Latin America are projected to grow at a higher CAGR than the global average.
- Europe synthetic cannabinoids market is the second largest market and is anticipated to hold around 20% market share in terms of value and likely to gain 180 BPS over forecast period 2019 – 2029.
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More Valuable Insights on Synthetic Cannabinoids Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Synthetic Cannabinoids, Sales and Demand of Synthetic Cannabinoids, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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