Australia Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Year SOLIDS DISSOLVABLES/POWDERS OIL OINTMENTS & CREAMS
2018 $ 3.35 $ 9.19 $ 6.86 $ 1.18
2019 $ 3.36 $ 9.28 $ 7.01 $ 1.2
2020 $ 10.47 $ 29.03 $ 22.16 $ 3.77
2021 $ 18.38 $ 51.27 $ 39.56 $ 6.7
2022 $ 39.48 $ 110.74 $ 86.37 $ 14.55
2023 $ 68.68 $ 193.71 $ 152.69 $ 25.58
2024 $ 105.2 $ 298.43 $ 237.74 $ 39.63
2025 $ 145.39 $ 414.8 $ 333.94 $ 55.38
2026 $ 185.15 $ 531.35 $ 432.28 $ 71.33
2027 $ 221.28 $ 638.79 $ 525.16 $ 86.22
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Australia Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Synopsis
The above chart is Australia Medical Cannabis Market, by Product Type (USD Million), 2018-2027

Market Dynamics

the demand for medical cannabis in australia has been on the rise in recent years, due to its potential health benefits and the changing attitude towards its usage. this has led to a growing market for medical cannabis products in the country, with a variety of products now available for patients to access. one of the most popular product types in the australian medical cannabis market is oils and tinctures. these are typically cbd or thc based extracts that are ingested sublingually, allowing for quick absorption into the body. these products are sought after for their ease of use and precise dosing, making them a preferred choice for patients who are new to using medical cannabis or those looking for a discreet and convenient option. another popular product type in australia is the cannabis flower, which can be used for smoking or vaporising. with the recent legalisation of cannabis for medicinal use, patients are now able to access high-quality, pharmaceutical-grade flower through licensed dispensaries. the demand for this product is driven by its natural form and the fact that it provides immediate relief for patients suffering from chronic pain or other ailments. cannabis-infused edibles and beverages are also gaining traction in the australian market. these products offer a more discreet and socially acceptable way of consuming medical cannabis, and they come in a variety of forms such as gummies, chocolates, and beverages. edibles are particularly popular among patients who are unable to smoke or vaporise the flower due to health concerns. in addition to these product types, there is also an increasing demand for topicals and transdermal patches in the medical cannabis market. these products are applied directly to the skin and are known for their targeted and localized pain-relieving effects. topicals and patches are especially appealing to patients suffering from conditions like arthritis and other types of chronic pain. as the medical cannabis market in australia continues to evolve, there is also a growing demand for alternative product types such as capsules, suppositories, and nasal sprays. these products offer a more precise and controlled dosage for patients and are often preferred by healthcare professionals for their ease of use and convenience. in conclusion, the australian medical cannabis market is witnessing a significant increase in demand for a variety of product types as more patients become aware of the potential benefits of medical cannabis. with the continued development of new and innovative products, it is expected that the demand for medical cannabis will continue to grow in the future.

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