CBD hemp oil is a mixture of various chemical compounds which have clinical significance in treatment against a variety of diseases. It is extensively used in treatment of people suffering with neurological disorders. CBD hemp oil is also attributed to be effective against various health problems and ailments like cancer, anxiety and depression and has added advantages such as pain relief, boosting cognitive abilities, anti-inflammatory properties among others.
Presence of a compound called Delta-9 tetrahydrocannabinol in the oil, is proving significant as it has shown positive outcomes when applied in stress relief and maintaining the body’s general state of balance.
Companies covered:
- Cannavest
- Pharmahemp,
- ENDOCA
- BAFA Gmbh
- Protect Pharma
- Rakitovica
- Biobloom Hemp
- DragonflyCBD
- MH medical hemp GmbH
- Elixinol
Top impacting factors: Market Scenario Analysis:
Due to recent studies and subsequent research of various CBD substances brought to notice the importance of CBD hemp oil in medical industry. In 2017, the National Institute of Health backed around 330 projects with $ 140 million spent on cannabinoid and related studies. The ever rising prevalence of several infectious and chronic diseases like cancer, diabetes and arising health problems like depression, stress, lack of sleep and mental disturbance especially in the upcoming generation due to various factors like change in lifestyle is expected to boost the growth of CBD hemp oil market in coming years.
North America Emerges as the Largest Market for CBD Hemp Oil
Legalization of marijuana countries like the United States, increasing usage due to rising awareness of the health benefits of CBD Hemp oil, North American region is predicted to have immense growth with highest market share in the global market. The presence of industry players in the region is also having a promising impact on the market growth. Furthermore, the heavy funding for R&D activities and well-developed healthcare infrastructure are fueling the market growth for CBD hemp oil.
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