Middle East Medical Cannabis Market, by Application (USD Million), 2018-2027
Synopsis
The above chart is Middle East Medical Cannabis Market, by Application (USD Million), 2018-2027
Market Dynamics
the middle east medical cannabis market has been experiencing a significant increase in demand due to the growing awareness about the potential benefits of cannabis for medical purposes. cannabis has been used for medicinal purposes in the region for centuries, but it is only in recent years that it has gained widespread acceptance and legalization for medical use.
one of the key factors driving the demand for medical cannabis in the middle east is the increasing prevalence of chronic diseases such as cancer, epilepsy, and multiple sclerosis. these diseases often require long-term treatment and can be managed effectively with the use of medical cannabis. moreover, traditional treatments for these conditions often have severe side effects, making medical cannabis an attractive alternative for patients.
another major factor contributing to the demand for medical cannabis in the region is the growing trend of alternative medicine. many people in the middle east are turning to natural remedies instead of pharmaceutical drugs, and cannabis is gaining popularity as a natural and effective treatment option. this is especially true in countries like israel and lebanon, where there is a long tradition of using natural herbs for medicinal purposes.
in addition to the traditional uses of cannabis for pain relief and management of chronic diseases, there is a growing interest in its potential for mental health treatments. the psychoactive compounds in cannabis have been shown to have a positive impact on conditions such as anxiety, depression, and post-traumatic stress disorder. this has led to an increase in demand for medical cannabis among patients seeking alternative treatments for mental health issues.
furthermore, the use of cannabis-based products for skincare, including creams, lotions, and oils, has been gaining popularity in the region. these products are marketed as having anti-inflammatory and anti-aging properties, and the demand for them is increasing as more people are becoming aware of the benefits of cannabis for skincare.
overall, the demand for medical cannabis in the middle east continues to grow as more research is conducted on its potential therapeutic uses. the demand is also being fueled by the legalization of medical cannabis in several countries, including israel, lebanon, and some parts of the united arab emirates. with the region's aging population and increasing prevalence of chronic diseases, the demand for medical cannabis is expected to continue to rise in the coming years.