New York, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Asia Pacific Cannabis Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product Type ; Application ; Compound, and Country" - https://www.reportlinker.com/p05978820/?utm_source=GNW However, restriction on the use of cannabis in the region is likely to hinder the market growth during the forecast period.
In recent years, the liberation for the use of cannabis in the medical industry has created various growth opportunities in Southeast Asian countries.Growing legal jurisdictions have enabled the progress of research activities in countries, such as South Korea, Australia, and New Zealand.
Also, various international companies have shown interest in effective market strategies.The companies have strategically enhanced their operational activities by partnering with local players.
For instance, a Canadian market player, Canopy Growth, has expanded its production in South Korea and Thailand.Similarly, MYM Nutraceuticals has expanded its business through its subsidiary MYM Australia.
Such expansions by the companies are expected to drive the cannabis market in the region.
Thailand is among the largest producers of cannabis.In late 2018, it became a cannabis production hub for legalized medical cannabis.
In addition, in December 2018, the military of Thailand voted to legalize medical cannabis use and in February 2019, Thailand legalized medical use of cannabis.Similarly, in January 2019, the Philippine House of Representatives approved the legalization of cannabis in the Philippines.
It has also created a Medical Cannabis Compassionate Center to initiate the creation of a legal cannabis industry.In March 2019, South Korea legalized medical use of cannabis.
Moreover, in March 2019, Japan approved the cannabis compound Epidiolex for clinical trials. Thus, such approvals for cannabis-based products are likely to drive market for cannabis in the Asia Pacific region.On the other hand, the COVID-19 outbreak is growing in an unexpected way.For instance, according to an article published in May 2020, saying, "The study mentions how they have identified a minimum of 13 cannabis plants that are high in CBD that can affect the ACE2 pathways that the coronavirus uses to get inside ones body".
Therefore, it is expected to increase the use of medical cannabis to treat symptoms of COVID-19.
Based on product type, the Asia Pacific cannabis market is segmented into flower, concentrates, and others.In 2019, the flower segment held the largest market share of the cannabis market.
However, the concentrates segment is expected to witness the highest CAGR in the next few years.In terms of application, the Asia Pacific cannabis market is segmented into medical and recreational.In 2019, the medical segment held larger share of the market.
However, the recreational segment is anticipated to witness fastest growth during the forecast period.
Based on compound, the Asia Pacific cannabis market is segmented into tetrahydrocannabinol (THC)-dominant, cannabidiol (CBD)-dominant, and balanced THC and CBD.In 2019, the tetrahydrocannabinol (THC)-dominant segment held the largest share of the market.
However, the cannabidiol (CBD)-dominant segment is anticipated to witness fastest growth during the forecast period.
Council of Scientific Researchs Indian Institute of Integrative Medicine, Centre for Narcotics Training, and International Cannabis and Ministry of Food and Drug Safety are among the major primary and secondary sources for the Asia Pacific cannabis market.Read the full report: https://www.reportlinker.com/p05978820/?utm_source=GNW
About ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
- Open for Business: Alpine Wellness opens new clinic for integrative medicine and hormone health - KOLO - January 9th, 2024
- What is Integrative & Lifestyle Medicine - UC Cincinnati - December 30th, 2023
- Integrative Medicine | Stanford Medicine - December 30th, 2023
- Integrative Medicine Service - Memorial Sloan Kettering Cancer Center - December 30th, 2023
- Duke Integrative Medicine Center | Durham, NC | Duke Health - December 30th, 2023
- Professionals to include on an integrative care team - Chiropractic Economics - December 30th, 2023
- Holidays got you anxious? Experts offer tips on enjoying the season stress-free - Daily Herald - December 22nd, 2023
- BHB INVEST: The Future of Precision Psychiatry & The Role of Integrative & Functional Medicine - Behavioral Health Business - December 22nd, 2023
- Integrative Medicine Approach to Reducing Risk of Chronic and Autoimmune Diseases - WholeFoods Magazine - December 22nd, 2023
- A holistic approach to integrative medicine - Mayo Clinic Press - December 13th, 2023
- What is integrative medicine (IM)? - Medical News Today - December 13th, 2023
- Integrative Medicine: A Complete Guide and Comparison - Healthgrades - December 13th, 2023
- India can lead the One Earth, One Health vision with holistic policy-making environment: Mansukh Manda.. - ETHealthWorld - March 21st, 2023
- Integrative Medicine: What Is It, Types, Risks & Benefits - August 27th, 2022
- Rodrigo Bravo: Working at the Intersection of Climate Change and Medicine - Healthline - August 27th, 2022
- Commonwealth Diagnostics International (CDI) Expands Access to Naturopathic & Integrative Medicine Community Through New Partnership with Rupa... - August 27th, 2022
- The Breathing Trick That Could Help You Fall Asleep Almost Instantly - Newsweek - August 27th, 2022
- Signs You May Have COVID in Your Gut After Infection Eat This Not That - Eat This, Not That - August 27th, 2022
- Karnataka Health Vision Group recommends hike in healthcare investment to 8% of GDP - Deccan Herald - August 27th, 2022
- Doctor Who Saved Life Of Chilean Athlete Who Died Suddenly Says: "We Used Defibrillator And He Responded" - Nation World News - August 27th, 2022
- Explore the Trippy World of Hallucinogens at PAINWeek 2022, on Friday, September 9, at The Cosmopolitan of Las Vegas - PR Web - August 27th, 2022
- WATCH NOW: It can be calming and grounding to go barefoot in the park or elsewhere - The Times of Northwest Indiana - August 27th, 2022
- Work-Life Balance: What Is It and How Do We Attain It? - Psychiatric Times - August 27th, 2022
- Integrative Medicine Academy - May 20th, 2022
- Integrative Medicine | Aurora Health Care - May 20th, 2022
- University Hospitals and UC Irvine Announce New Co-Leadership of BraveNet, a Practice-Based Integrative Medicine Research Network - Newswise - May 20th, 2022
- UH Connor Whole Health expands with $3 million gift from Connor family - Crain's Cleveland Business - May 20th, 2022
- What's the Deal With Cupping? - Shondaland.com - May 20th, 2022
- Managing Mental Health During Midlife and Beyond - Avera Health - May 20th, 2022
- Deepak Chopra on money and fulfillment: Times of 'adversity' are meant for 'opportunity' - Fox Business - May 20th, 2022
- If You Have This Blood Type, Be Worried About Cancer Eat This Not That - Eat This, Not That - May 20th, 2022
- Institute of OM Foundation Raises More Than $2 Million to Support Partnered Stimulation Practice Research - PR Newswire - May 20th, 2022
- World-renowned Health Experts to gather in London at Integrative and Personalised Medicine 2022 Congress - News Anyway - May 20th, 2022
- The Best Meal Replacement Shakes of 2022 - Sports Illustrated - May 20th, 2022
- Benefits of integrating rehabilitation into your practice - DVM 360 - May 20th, 2022
- Could You Benefit From Sensory Deprivation Tank Therapy? - Health Essentials from Cleveland Clinic - April 2nd, 2022
- Integrative, Interventional, and Non-invasive Approaches for the Treatment for Migraine During Pregnancy - DocWire News - April 2nd, 2022
- Heres How To Use the HALT Method To Figure Out Why Youre So Grumpy - Well+Good - April 2nd, 2022
- Mayor To Remove Homeless In 2 Weeks + NYPD Guilty Of Misconduct - Patch - April 2nd, 2022
- Getting to Know Kate Roth at Beacon Integrative Medical Center in Rexburg - East Idaho News - October 26th, 2021
- UCI-led study first to reveal specific molecular mechanism that controls the transition from acute to chronic pain - Newswise - October 26th, 2021
- Why a Hot-Water Bottle Is the Key to Staying CozyAnd Easing Period CrampsThis Winter - Vogue - October 26th, 2021
- Naturopathic Medical Organizations Jointly Issue White Paper on Whole-Person Care to Commemorate International Day of Natural Medicine - goskagit.com - October 26th, 2021
- Is This The Best Walking Routine For Longevity & Overall Health? - mindbodygreen.com - October 26th, 2021
- UCI-led study suggests new molecular target for therapeutic interventions aimed at C. difficile infection - EurekAlert - October 26th, 2021
- Are you keeping up with the Aaron Rodgers Book Club? Here are all of his recommended reads so far - Green Bay Press Gazette - October 26th, 2021
- The Surprising Reason Going Keto Can Mess With Your Sleep + How To Fix It - mindbodygreen.com - October 26th, 2021
- Drinking Tea in The Morning: Is It Good For Your Health? - CL Charlotte - October 26th, 2021
- Seven health checks to have once you turn 40 - Telegraph.co.uk - October 26th, 2021
- Everything You Need to Know About Health is Wealth Nutrition - Step Out Buffalo - October 26th, 2021
- Review: We tried the Theragun Mini to massage our stress away - New York Post - October 26th, 2021
- 5 Reasons to Add More Mushrooms to Your Life - The Beet - October 26th, 2021
- New cancer treatment may reawaken the immune system - EurekAlert - October 26th, 2021
- Meet the speakers who will welcome President Paul Alivisatos during inauguration - UChicago News - October 26th, 2021
- Three ayurvedic concoctions get scientific validation for treating rheumatoid arthritis - Free Press Journal - February 14th, 2021
- COVID Long-Haulers Find Relief Among Fellow Sufferers on Road to Recovery - WCCO | CBS Minnesota - February 14th, 2021
- Health Coaching Market Increasing Demand with New Technologies by 2027 ExpertRating, Duke Integrative Medicine, National Society of Health Coaches,... - February 14th, 2021
- Tuning the circadian clock, boosting rhythms may be key to future treatments and medicines - Newswise - February 14th, 2021
- Apprenticeships are the catalyst for opportunity - Crain's Chicago Business - February 14th, 2021
- Global Alternative Healthcare Providers Market Outlook for Major Applications/end Users, Consumption, Share and Growth Rate 2023 KSU | The Sentinel... - February 14th, 2021
- the new organ, a book to know what happens inside the organism - Explica - February 14th, 2021
- 4 Sneaky Tricks To Stay Hydrated *Without* Chugging Water, From A Functional MD - mindbodygreen.com - February 14th, 2021
- Hydrosol: Benefits, Uses, Precautions, DIY, and More - Healthline - February 14th, 2021
- 18 Surprising Foods That Tom Brady Never Eats | Eat This Not That - Eat This, Not That - February 14th, 2021
- How an Empath Copes with Shocking Events - Healthline - February 14th, 2021
- Impact Entrepreneur Kunal Sood is transforming the world by impacting a billion lives - Fortune India - February 14th, 2021
- Working in Wellness: The Allure of Acupuncture - Mpls.St.Paul Magazine - February 14th, 2021
- Health Coaching Industry Market 2021 Growth Analysis, Competitive Insights, by Key Players:Wellcoaches School of Coaching, Aetna, National Consortium... - February 14th, 2021
- Can Integrative Health Solutions Help Employees While Cutting Costs? - EHS Today - February 7th, 2021
- Feeling More Stressed Than Ever? You're Not Alone - Healthline - February 7th, 2021
- Chatham Interim Elections Supervisor Billy Wooten hopes to 'continue to improve' - Savannah Morning News - February 7th, 2021
- Integrative Health or Complementary and Alternative Medicine Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities... - February 7th, 2021
- Thriving through Thyroid - The New Indian Express - February 7th, 2021
- Why We Need the Divine Feminine - Laredo Morning Times - February 7th, 2021
- DAXOR CORPORATION AWARDED GRANT FROM THE CENTER FOR ADVANCING POINT OF CARE TECHNOLOGIES (CAPCAT) TO DEVELOP A POINT-OF-CARE BLOOD VOLUME ANALYZER -... - February 7th, 2021
- Vitality Beyond 50 Targets a Specific Niche in the Wellness Industry - Small Business Trends - December 30th, 2020
- Loyola College researchers find that Kabasura Kudineer's 145 compounds are extremely potent in controlling COVID-19 - EdexLive - December 30th, 2020
- Comprehensive Report on Health Coaching Market 2021 | Size, Growth, Demand, Opportunities & Forecast To 2027 | Aetna, National Consortium for... - December 30th, 2020
- Dont let the winters eat up your fitness regime - Hindustan Times - December 30th, 2020
- North Central West Virginia experts give tips on sticking to popular New Year's resolutions - WV News - December 30th, 2020