Global Medical Cannabis Market, by Pain Management (USD Million), 2018-2027

Year ASIA-PACIFIC MIDDLE EAST & AFRICA
2018 $ 11.25 $ 3.76
2019 $ 11.39 $ 14.81
2020 $ 35.9 $ 30.65
2021 $ 63.8 $ 51.17
2022 $ 138.25 $ 76.74
2023 $ 242.61 $ 109.81
2024 $ 374.98 $ 152.74
2025 $ 522.88 $ 215.9
2026 $ 671.97 $ 281.9
2027 $ 810.48 $ 360.31
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Global Medical Cannabis Market, by Pain Management (USD Million), 2018-2027

Synopsis
The above chart is Global Medical Cannabis Market, by Pain Management (USD Million), 2018-2027

Market Dynamics

the global medical cannabis market has been witnessing a growing demand in recent years, particularly in the field of pain management. this can be attributed to the increasing prevalence of chronic pain conditions and the rising awareness of the potential benefits of medical cannabis in providing relief. pain management is one of the most common uses of medical cannabis, as it has been found to be effective in alleviating various types of pain including neuropathic pain, inflammatory pain, and cancer-related pain. in fact, according to a study published by the national institutes of health, medical cannabis has been found to reduce chronic pain by an average of 42%. one of the key drivers of the demand for medical cannabis in pain management is the opioid crisis. opioids have long been the go-to treatment for chronic pain, but they come with a number of negative side effects and potential for abuse. as a result, many patients and healthcare providers are turning to medical cannabis as a safer and more natural alternative. in addition, the legalization of medical cannabis in various countries and states has also contributed to the growing demand. with more governments recognizing the potential medical benefits of cannabis, the stigma surrounding its use for pain management is gradually diminishing. this has led to an increase in patient acceptance and willingness to try medical cannabis as a treatment option. moreover, the development of advanced delivery methods such as oils, tinctures, and patches has made medical cannabis more accessible and convenient for patients. this has further fueled the demand for medical cannabis in pain management, as these methods offer a more precise and controlled dosage. however, the demand for medical cannabis for pain management is not without its challenges. despite the growing evidence of its effectiveness, there is still a lack of research and clinical trials to support its use. this has led to uncertainty and hesitation among some healthcare providers and patients. in conclusion, the demand for medical cannabis in pain management is on the rise, driven by the increasing awareness of its potential benefits and the growing opioid crisis. as more countries legalize its use and more research is conducted, the demand for medical cannabis in pain management is expected to continue to grow in the coming years.

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