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Nov, 18 2022

Thailand Medical Cannabis Market is Expected to Grow with the CAGR of 25.16% in the Forecast Period of 2021 to 2028

Thailand Medical Cannabis Market is forecasted to grow with significant CAGR owing to factors such as technological advancements in the manufacturing sector. The increased medical use is acting as major driver for growth of terminal tractor market.

However, the complex regulatory structure for usage of cannabis is acting as major restraint to the market.

Thailand Medical Cannabis Market Scenario

According to Data Bridge Market Research, market leader is Tilray with the largest market share of 6.67%. The company has gained outstanding sales through their businesses of equipment, services and automation system and software. The market is witnessing continuous product integration and expanding their business in the market.

For instance,

  • In December 2020, Cresco Labs announced that it has entered into the partnership with Kings Garden Inc., a California-based cannabis brand. This partnership done by the company has increased its market and demand in the region leading to increased revenue in future.

Thailand Medical Cannabis MarketTrends Impacting the Market

The medical cannabis market is becoming more competitive every year with companies such as Tilray, Aurora Cannabis, and CANOPY GROWTH CORPORATION as they are the market leaders for medical cannabis. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the market.

For more analysis on the Thailand medical cannabis market request for a briefing with our analysts

Thailand Medical Cannabis Market Development in 2020

  • In December 2020, Canopy Growth Corporation announced its deal with Toronto Raptors. This partnership will designate the sports hydration company as official sport drink of the team. This will help the company in generating more revenue.

Scope of the Thailand Medical Cannabis Market

On the basis of product, Thailand medical cannabis market is segmented into oil, medical cannabis capsules, patch, whole flower, ground flower, vape pen, dried medical cannabis, creams & moisturizer, mask & serum, cleanser and others. On the basis of source, Thailand medical cannabis market is segmented into synthetic and natural. On the basis of species, Thailand medical cannabis market is segmented into cannabis indica, sativa and hybrid. On the basis of derivatives, Thailand medical cannabis market is segmented into cannabidiol (CBD), tetrahydrocannabinol (THC)/delta-8-tetrahydrocannabinol, cannabinol, cannabigerol (CBG) and others. On the basis of application, Thailand medical cannabis market is segmented into Alzheimer’s disease, appetite loss, cancer, epilepsy, autism, mental health conditions, multiple sclerosis, pain management, nausea, muscle spasms, arthritis, elevate mood, multiple sclerosis, depression and sleep disorders, anxiety and others. On the basis of route of administration, Thailand medical cannabis market is segmented into oral solutions and capsules, smoking, vaporizers, topicals and others. On the basis of end user, Thailand medical cannabis market is segmented into pharmaceutical industry, research and development centres, homecare settings, hospital and rehab centres and others. On the basis of distribution channel, Thailand medical cannabis market is segmented into B2B, B2C.

To know more about the study

Key Pointers Covered in Thailand Medical Cannabis Market -Industry Trends and Forecast to 2028

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different regions
  • Sales Data for Market Competitors
  • Market Key Vendors and Disruptors Study

Key Market Competitors Covered in the Report

  • Tilray
  • Elixinol Thailand Limited
  • Medical Marijuana, Inc.,
  • Extractas
  • Peace Naturals Project Inc.
  • BOL Pharma
  • PharmaHemp
  • Kiehl’s (A Subsidiary of L'ORÉAL)
  • Aurora Cannabis
  • Althea Company Pty Ltd (A Subsidiary of Althea Group Holdings Limited)
  • Cresco Labs
  • IDT Australia
  • MediPharm Labs Inc.
  • THC Thailand Group Limited
  • Aphria Inc.

Above are the key players covered in the report, to know about more and exhaustive list of medical cannabis companies’, contact us

Research Methodology: Thailand Medical Cannabis market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Industrial experts, product engineers, warehouse managers and cargo operators among others
  • Supply Side: Original Equipment Manufacturers, Exporter, Distributors, Wholesaler and Retailer among others.

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